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Dividend and DRIP Policies

Dividend policy of KP Tissue Inc.

Dividends on the common shares of KP Tissue Inc. (the Company) are declared at the discretion of the Board of Directors. There can be no guarantee of dividends and the Company can change its dividend policy at any time.

It is the intention of KPT that all regular distributions received from KPLP (other than amounts distributed to KPT to enable it to discharge any federal and provincial income taxes) be distributed to shareholders on an ongoing basis.

Dividend reinvestment plan of KP Tissue

The Dividend Reinvestment Plan (DRIP) of KPT offers shareholders the opportunity to automatically reinvest their cash dividends in common shares of KPT at no cost. This provides two advantages:

Shareholders can increase their investment in KPT in relatively small, affordable lots without incurring investment-related expenses such as commission fees; and

Shareholders can incrementally distribute their share purchases over time, in keeping with the widely accepted investment principle of dollar-cost averaging.

Dividend Reinvestment Plan