The following sheets show the status of corporate bond issuance of Nippon Paper Group.

Status of corporate bond issuance since April 1, 2006 （Millions of yen） Company Type of bond Date of issue Total amount Interest rate （%） Collateral Term of redemption Note Nippon Paper Group, Inc. Seventh non-collateral bond (Guaranteed by Nippon Paper Industries Co., Ltd.) May 31, 2006 20,000 1.79 None May 31, 2011   Nippon Paper Group, Inc. Eighth non-collateral bond (Guaranteed by Nippon Paper Industries Co., Ltd.) March 27, 2007 13,000 1.97 None March 27, 2017   Status of corporate bond issuance as of March 31, 2006 （Millions of yen） Company Type of bond Date of issue Balance at the end of the 5th accounting period Balance at the end of the 6th accounting period Interest rate （%） Collateral Term of redemption Note Nippon Unipac Holding* First non-collateral bond （Guaranteed by Nippon Paper Industries Co., Ltd.） May 14, 2003 20,000 20,000 0.81 None May 14, 2010   Nippon Unipac Holding* Second non-collateral bond （Guaranteed by Nippon Paper Industries Co., Ltd.） May 14, 2003 20,000 20,000 0.50 None May 14, 2007   Nippon Unipac Holding* Third non-collateral bond （Guaranteed by Nippon Paper Industries Co., Ltd.） Nov. 14, 2003 20,000 20,000 0.91 None Nov. 14, 2008   Nippon Unipac Holding* Fourth non-collateral bond （Guaranteed by Nippon Paper Industries Co., Ltd.） Nov. 14, 2003 10,000 10,000 (10,000) 0.51 None Nov. 14, 2006   Nippon Unipac Holding* Fifth non-collateral bond （Guaranteed by Nippon Paper Industries Co., Ltd.） May 14, 2004 30,000 30,000 0.89 None May 14, 2009   Nippon Paper Group, Inc. Sixth non-collateral bond (Guaranteed by Nippon Paper Industries Co., Ltd.) Apr. 25, 2005 - 20,000 1.10 None Apr. 25, 2012   Nippon Paper Industries Co., Ltd. Second non-collateral bond May 20, 1997 25,000 - 2.975 None May 20, 2005   Nippon Paper Industries Co., Ltd. First non-collateral exchangeable bond Apr. 19, 2001 31,000 - 0.2 None Mar. 31, 2006 (Note 3) Total - - 156,000 120,000 (10,000) - - -   * On October 1, 2004, Nippon Unipac Holding changed its name to Nippon Paper Group, Inc. (Note 1) The 5th accounting period: April 1, 2004-March 31, 2005   The 6th accounting period: April 1, 2005-March 31, 2006 (Note 2) The parentheses in the columns for the balance at the end of the 5th accounting period show the expected bond redemption amounts within one year. (Note 3) Details of exchangeable bonds Type of bond Exchange condition Type of stock to be issued in exchange for bond Eligible period for exchange of bonds First non-collateral exchangeable bond One share of Nippon Paper Group, Inc. can be exchanged for 645,000 yen worth corporate bonds Common stock of Nippon Paper Group, Inc. From June 1, 2001 to March 30, 2006 This Bond was delisted on March 28, 2006. (Note 4) Annual bond redemption amounts for five years from the fiscal year-end are as follows: （Millions of yen） Within one year Over one year within two years Over two years within three years Over three years within four years Over four years within five years 10,000 20,000 20,000 30,000 20,000   ↑Page Top