In the news release, Mercer International Inc. (NASDAQ:MERC)
Reports 2005 Fourth Quarter and Year End Results, issued earlier
today by Mercer International Inc. over PR Newswire, the table
"BUSINESS SEGMENT INFORMATION - For the Years Ended December 31,
2005 and 2004" was misaligned due to a formatting error on the part
of PR Newswire. Complete, corrected table follows: MERCER
INTERNATIONAL INC. BUSINESS SEGMENT INFORMATION For the Years Ended
December 31, 2005 and 2004 (Euros in thousands) Rosenthal Celgar(1)
Stendal Total Pulp Pulp Pulp Pulp Year Ended December 31, 2005
Sales to external customers euro 137,193 euro 139,213 euro 176,031
euro 452,437 Intersegment net sales - - 6,308 6,308 137,193 139,213
182,339 458,745 Operating costs 100,180 131,521 151,620 383,321
Operating depreciation and amortization 13,109 10,535 27,262 50,906
General and administrative 6,837 5,935 5,176 17,948 (Sale) purchase
of emission allowances (7,271) - (10,021) (17,292) 112,855 147,991
174,037 434,883 Income (loss) from operations 24,338 (8,778) 8,302
23,862 Interest expense Investment income Derivative financial
instruments, net Foreign exchange loss on debt Impairment of
investments (Loss) income before income taxes and minority interest
Segment assets euro 344,473 euro 260,461 euro 746,346 euro
1,351,280 Year Ended December 31, 2004 Sales to external customers
euro 140,203 euro - euro 42,273 euro 182,476 Intersegment net sales
1,949 - 885 2,834 142,152 - 43,158 185,310 Operating costs 98,113 -
46,185 144,298 Operating depreciation and amortization 17,751 -
9,022 26,773 General and administrative 10,733 - 8,560 19,293
Impairment of assets - - - - Flooding grants, less losses and
expenses - - - - 126,597 - 63,767 190,364 Income (loss) from
operations 15,555 - (20,609) (5,054) Interest expense Derivative
financial instruments, net Investment and other income Loss before
income taxes and minority interest Segment assets euro 394,569 euro
- euro 810,267 euro 1,204,836 Corporate, Other and Consolidated
Paper Eliminations Total Year Ended December 31, 2005 Sales to
external customers euro 61,471 euro - euro 513,908 Intersegment net
sales - (6,308) - 61,471 (6,308) 513,908 Operating costs 56,976
(7,913) 432,384 Operating depreciation and amortization 881 254
52,041 General and administrative 5,920 6,563 30,431 (Sale)
purchase of emission allowances - - (17,292) 63,777 (1,096) 497,564
Income (loss) from operations (2,306) (5,212) 16,344 Interest
expense (86,860) Investment income 2,467 Derivative financial
instruments, net (71,763) Foreign exchange loss on debt (4,156)
Impairment of investments (1,699) (Loss) income before income taxes
and minority interest euro (145,667) Segment assets euro 21,892
euro 20,644 euro 1,393,816 Year Ended December 31, 2004 Sales to
external customers euro 54,970 euro (234) euro 237,212 Intersegment
net sales - (2,834) - 54,970 (3,068) 237,212 Operating costs 51,184
(3,031) 192,451 Operating depreciation and amortization 2,356 15
29,144 General and administrative 4,532 3,095 26,920 Impairment of
assets 6,000 - 6,000 Flooding grants, less losses and expenses 669
- 669 64,741 79 255,184 Income (loss) from operations (9,771)
(3,147) (17,972) Interest expense (23,749) Derivative financial
instruments, net 12,136 Investment and other income 2,948 Loss
before income taxes and minority interest euro (26,637) Segment
assets euro 22,735 euro 28,078 euro 1,255,649 (1) The results of
the Celgar pulp mill are from the date of its acquisition on
February 14, 2005. (5) DATASOURCE: Mercer International Inc.
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