MERCER INTERNATIONAL INC.

BUS INESS In this document, please note the following: references to we , our , us , the Company or Mercer mean Mercer International Inc. and its subsidiaries, unless the context clearly suggests otherwise, and references to Mercer Inc. mean Mercer International Inc. excluding its subsidiaries; references to $ or dollars are to U.S. dollars, which is our reporting currency, unless otherwise stated; are to euros; and C$ are to Canadian dollars; references to ADMTs mean air-dried metric tonnes; references to CLT mean cross-laminated timber; references to glulam mean glue-laminated timber; references to m 3 mean cubic meters; references to Mfbm mean thousand board feet; references to MMfbm mean million board feet; references to MW mean megawatts and MWh mean megawatt hours; references to NBHK mean northern bleached hardwood kraft; references to NBSK mean northern bleached softwood kraft; references to tonnes mean metric tonnes; and our lumber metrics are converted from m 3 to Mfbm using a conversion ratio of 1.6 m 3 of lumber equaling one Mfbm, which is the ratio commonly used in the industry. Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide and percentages may not precisely reflect the absolute figures. Mercer General We are a global forest products company and have two reportable operating segments: Pulp consists of the manufacture, sale and distribution of pulp, electricity and chemicals at our pulp mills.