Consumables

Verso Achieves Early Compliance With NYSE Continued Listing Standard

Monday 23. June 2014 - Verso No Longer Faces Delisting From NYSE

Verso Paper Corp. (NYSE: VRS) announced today that the New York Stock Exchange has notified Verso that we have achieved early compliance with the NYSE’s market capitalization continued listing standard. The NYSE requires, among other things, that Verso maintain an average market capitalization over a consecutive 30 trading-day period of at least $50 million. As of the close of trading yesterday, Verso’s average market capitalization over the prior 30 consecutive trading days was approximately $133 million. The NYSE stated in the notice that its decision was based on Verso’s consistent positive performance with respect to the business plan that we submitted to the NYSE in January 2014 and our achievement of compliance with the NYSE’s minimum market capitalization requirement over the past two quarterly review periods. The NYSE originally had permitted Verso until February 2015 in which to regain compliance with the market capitalization continued listing standard. As a result of this development, Verso is no longer facing delisting from the NYSE.