Smart Papers Secures New USD 45 Million Credit Line

Hamilton, Ohio, USA, 13 April 2007 — SMART Papers today announced it has secured USD 45 million in new financing from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC).

"This new financing provides SMART Papers with an even-stronger financial platform to expand sales, manufacturing and distribution of our products." said SMART Papers president and COO Dan Maheu. "We're pleased to have Wells Fargo Foothill as a financial partner along with our owners, Plainfield Asset Management of Greenwich, Connecticut."

About SMART Papers

Hamilton, Ohio-based SMART Papers is the largest independent North American manufacturer and marketer of premium cast-coated, matte-coated, and uncoated printing, text, cover and writing papers. Its customers include paper distributors, printers, and specialty converters throughout North America. SMART Papers' high-value premium branded products are used in producing annual reports, greeting cards, announcements, stationery, book covers and end-leaf, advertising brochures, packaging products, direct mail envelopes, security papers, tickets, high-end labels, and gift wrap. Visit www.smartpapers.com for more information.

About Wells Fargo Foothill

Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada, offering flexible, innovative credit facilities from USD 10 million to USD 1 billion and more. It is part of Wells Fargo & Company, a diversified financial services company with USD 482 billion in assets, providing banking, insurance, investments, mortgage, and consumer finance to more than 23 million customers from more than 6000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States, and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA." For more information, visit Wells Fargo Foothill on the Internet at www.wffoothill.com.

About Plainfield Asset Management

Greenwich, Connecticut-based Plainfield Asset Management is an investment advisor registered with the Securities and Exchange Commission. Plainfield manages in excess of USD 2.4 billion of investment capital for institutions and high net worth individuals based in the United States and abroad. The firm was founded in February 2005 by Max Holmes, and the Plainfield Special Situations Master Fund was launched in May 2005.