The Navigator Company Announces a 30-50 USD Price Increase on UWF Papers in Overseas Markets

The Navigator Company implements a 30-50 USD price increase in Uncoated Woodfree (UWF) Papers in Overseas markets, given the current trading situation. The new pricing is effective immediately.

Navigator remains fully committed to strengthening its partnerships with clients, enhancing its value proposition, and expressing its sincere appreciation for the continued trust and loyalty of its broad customer base.

About The Navigator Company

The Navigator Company is an integrated producer of forest, pulp, paper, tissue, sustainable packaging solutions and bioenergy, whose activity is based on state-of-the-art factories worldwide, with cutting-edge technology. It is recognised as a benchmark for quality in the sector worldwide.

Inspired by people, their quality of life and the future of the planet, the Company is committed to creating sustainable value for its shareholders and society as a whole, leaving future generations a better planet through sustainable, natural, recyclable and biodegradable products and solutions that contribute to carbon sequestration, oxygen production, biodiversity protection, soil formation and the fight against climate change.

The Company's ongoing commitment and investment in improving its ESG performance is also reflected in positive external assessments by independent entities. Navigator was recognised by Sustainalytics as a '2025 ESG Industry Top-Rated Company', reaffirming its leadership in the forestry and paper sector. This recognition places the Company on the prestigious global list of '2025 ESG Top-Rated Companies', consolidating its position as one of the companies with the best environmental, social and governance (ESG) practices worldwide.

The raw material used by The Navigator Company comes from forests planted exclusively for this purpose. Every year, Navigator's nurseries have the capacity to grow more than 12 million trees. These nurseries - among the largest in Europe - produce more than 130 different species of trees and shrubs. Many of

these, although not economically viable, are financed by the Company to conserve biodiversity and ensure the continuity of species.

The forests managed by The Navigator Company in Portugal have a carbon stock, excluding carbon in the soil, equivalent to 6.4 million tonnes of CO2, a figure that remains stable thanks to the sustainable management model followed by the Company.

The Group carries out vertically integrated forestry activities, with its own Forest and Paper Research Institute - RAIZ and is responsible for planting a vast area of forest in mainland Portugal (1.2% of the country's area), 100% certified by the FSC®1 e PEFC2 systems. It has an annual production capacity of 1.6 million tonnes of paper and 1.6 million tonnes of pulp. In tissue paper, Navigator has an annual production capacity of 165,000 tonnes and an annual processing capacity of 310,000 tonnes.

In 2025, 78% of the electricity generated by Navigator came from renewable sources. The Company is responsible for producing 3% of the electricity in Portugal, including 34% of the electricity produced in the country from biomass. Renewables also accounted for 80% of the primary energy consumed by the Company.

As part of the Group's growth, in 2023 The Navigator Company completed the acquisition of the Consumer Tissue business of Spain's Gomà-Camps, strengthening its strategic position in the Iberian tissue market and becoming the second largest player in the segment.

The expansion of this business area continued in 2024 with the acquisition of Accrol Group Holdings plc, one of the leading tissue manufacturers in the United Kingdom, strengthening Navigator's position in Western Europe.

On another front of its growth, at the end of 2021, The Navigator Company launched a new line of packaging products under the gKRAFT™ brand, with the aim of contributing to accelerating the transition from the use of plastic to the use of natural, sustainable, recyclable and biodegradable fibres, thus reaffirming once again its commitment to sustainability and environmental preservation.

In the same vein, in the second half of 2024, it inaugurated the first integrated production line for moulded eucalyptus cellulose parts, which will be launched under the gKRAFT™ Bioshield brand. With a production capacity of around 100 million units per year, this factory has become the largest in Southern Europe and one of the largest integrated units on the entire European continent.

The Company is the third largest exporter in Portugal and the largest generator of National Added Value, representing around 2.5% of national exports of goods and more than 30,000 direct, indirect and induced jobs. In 2025, The Navigator Company had a turnover of €1,970 million. More than 90% of its products are sold outside Portugal and are destined for 117 countries.

Navigator was the first Portuguese company, and one of the first worldwide, to set an ambitious commitment to decarbonise its industrial complexes by 2035, anticipating national and European targets by 15 years. It is estimated that the implementation of all the initiatives in the Decarbonisation Roadmap will represent an investment of more than €350 million between 2019 and 2028.