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Cascades Renews Its Normal Course Issuer Bid

Monday 14. March 2011 - Cascades Inc. (TSX: CAS) announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares.

Purchases pursuant to the normal course issuer bid will commence on March 15, 2011 and will not continue beyond March 14, 2012. The Common Shares purchased shall be cancelled.
The notice will enable Cascades to acquire up to 4,830,321 Common Shares which represents approximately 5% of the 96,606,421 issued, and outstanding Common Shares as of March 1st, 2011. During the last 12 months, Cascades purchased 400,463 Common Shares at an average weighted cost of $6.60.
The average daily trading volume of Cascades’ Common Shares was 204,138 on the Toronto Stock Exchange over the last six completed calendar months (the ADTV). Accordingly, Cascades is entitled to purchase up to 25% of the ADTV on any trading day being 51,034 Common Shares.
All purchases will be made through the facilities of the Toronto Stock Exchange in accordance with its requirements.
Cascades considers that the shares to be acquired may, from time to time, be undervalued in the market and represent an excellent opportunity to enhance shareholder value.