Central National Gottesman’s (CNG) Spicers Paper Inc. Acquires Northern California’s JC Paper

PURCHASE, NY—Aug. 15, 2017 – Central National Gottesman Inc. (CNG), a leading sales and marketing
organization in the pulp, paper, packaging, tissue, wood products and metal industries, announced today that its Spicers
Paper Inc. entity has signed a definitive Purchase Agreement to acquire the business of JC Paper, based in Fremont, CA,
expanding its paper distribution presence in Northern California and Nevada.

JC Paper is an independent, family-owned paper merchant that has been in business for more than 60 years, specializing
in fine paper for the commercial print industry as well as the distribution of janitorial and food service supplies.

“Adding JC Paper to our West Coast operations will help strengthen our position in one of our key regions,” said
Andrew Wallach, CNG President and Chief Executive Officer. “Our suppliers and customers will benefit from our
combined operational and commercial expertise.”

JC Paper is well known among commercial printers in Northern California and Nevada for its exceptional service
platform and strong logistics infrastructure. The business operates a retail paper store in Reno/Sparks, NV, serving small
and mid-sized printers.

“We are very much looking forward to working with our colleagues at JC Paper,” said Kelly Paper and Spicers Paper
President Jan Gottesman. “Together, our organizations are committed to building upon JC’s already excellent reputation
for customer service in the marketplace.”

The companies will consolidate operations in Fremont, CA, including sales, customer service and distribution functions,
and the Nevada retail space will become a Kelly Paper Store.

The transaction is expected to close August 31, 2017.

Kelly Paper and Spicers Paper are leading distributors of quality commercial printing papers, including digital, wideformat
papers and packaging products throughout the West, with regional offices in eight locations and 43 Kelly Paper
stores throughout the region.