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2015
                                               Highlights

             Investing                                    Completed      Ramped up production
                                                    Calhoun continuous             at new
$270 million
   in a new state-of-the-art                          digester project,  Atikokan
 tissue facility at Calhoun mill                                          sawmill
                                                 growing
             Acquired                          market pulp                     Inaugurated
     Atlas Paper Holdings,                     capacity by
a leading U.S. tissue products                                            Ignace
                                                100,000                   sawmill
        manufacturer, for                              metric tons

$156 million                                              Liquidity of     C$100
                                                                           million
                                               $502 million
                                                                         in economic opportunities
                                                                         for First Nations partners

                                                                                   in Ontario

RESOLUTE FOREST PRODUCTS — 2015 ANNUAL REPORT
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