ABH (NYSE, TSX)

$ US

MONTREAL, June 12 /CNW Telbec/ - AbitibiBowater Inc. announced today that its indirect subsidiary, Bowater Canadian Forest Products Inc., entered into an amendment to its credit agreement.

This amendment principally:

    <<
    - extends the maturity date of the credit facility to June 5, 2009; and
    - reduces the aggregate commitment of all the lenders party thereto from
      $165,000,000 to $143,750,000.
    >>

AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp and wood products. It is the eighth largest publicly traded pulp and paper manufacturer in the world. AbitibiBowater owns or operates 27 pulp and paper facilities and 34 wood products facilities located in the United States, Canada, the United Kingdom and South Korea. Marketing its products in more than 90 countries, the Company is also among the world's largest recyclers of old newspapers and magazines, and has more third-party certified sustainable forest land than any other company in the world. AbitibiBowater's shares trade under the stock symbol ABH on both the New York Stock Exchange and the Toronto Stock Exchange.