MONTREAL, March 14 /CNW Telbec/ - Due to the recent recapitalization of
the Tembec group of companies ("Tembec"), Tembec Industries Inc.'s Senior
Notes due June 30, 2009, Senior Notes due February 1, 2011 and Senior Notes
due March 15, 2012 have been irrevocably cancelled. As a result, Tembec
Holdings Inc. (formerly Tembec Inc.) and Tembec Industries Inc. intend to
deregister and terminate their reporting obligations under the U.S. Securities
Exchange Act of 1934, as amended, by filing Form 15F with the SEC.
Tembec will continue making available to investors, through www.sedar.com
and through Tembec's corporate website www.tembec.com, material financial
information, press releases and other documents in English and French.
Tembec is a large, diversified and integrated forest products company
which stands as the global leader in sustainable forest management practices.
With operations principally located in North America and in France, the
Company employs approximately 8,000 people. Tembec's common shares are listed
on the Toronto Stock Exchange under the symbol TMB and warrants under TMB.WT.
Additional information on Tembec is available on its website at
For further information:
For further information: Richard Fahey, Vice President, Communications
and Public Affairs, (819) 627-4387, email@example.com