Mr. Mario Plourde reports

CASCADES ANNOUNCES THE DEATH OF BERNARD LEMAIRE, A GREAT ENTREPRENEUR AND BUILDER

Cascades Inc. deeply regrets and is saddened by the death of one of its co-founders, Bernard Lemaire, at the age of 87.

Bernard Lemaire was born in Drummondville, Que., in 1936. In 1960, he joined the family business of waste recovery, Drummond Pulp and Fiber. Four years later, under his impetus, and with the support of his brothers Laurent Lemaire and Alain Lemaire, a second life was given to the disused Dominion Paper Co. mill in Kingsey Falls. He then laid the foundation for Cascades, which would become a North American, and even European, leader in environmentally responsible recovery, packaging and hygiene solutions. For nearly 30 years, Bernard Lemaire was president of the company, applying his management philosophy based on respect for human resources and initiating an unprecedented expansion strategy. He applied the same recipe to build Boralex, a Quebec flagship in renewable energy.

His brothers Laurent Lemaire and Alain Lemaire paid tribute to him: "Bernard was an exceptional man, a larger-than-life character. Visionary, generous and charismatic, he convinced countless people and communities to participate in a huge project, the project of his life: Cascades. His career embodies the emergence of a francophone Quebec that is proud of its roots. Our big brother was a great man. Today, he is a legend."

"Bernard is the source of the ingenuity and dedication of the 10,000 or so Cascaders," said Mario Plourde, president and chief executive officer. "It is thanks to him that they are working today in a multinational company that is a role model and whose vision, success and values are praised. He gave the company the momentum that has made it grow and shine for nearly 60 years. His legacy is rich and will live on. On behalf of all Cascades employees, I would like to offer the Lemaire family and Bernard's loved ones our most sincere condolences."

Bernard Lemaire's contribution to the business world has been rewarded on many occasions. In 1985, the newspaper Finances awarded him the title of Businessman of the Year. In 1991, the Association des professionnels en ressources humaines du Quebec awarded him the Iris d'honneur for his outstanding contribution to the advancement of human resources management. He has been awarded the insignia of Officer of the Order of Canada, Officer of the National Order of Quebec and Knight of the National Order of the Legion of Honor, granted by the President of the French Republic. He has also received honorary doctorates from the Universite de Sherbrooke, the Ecole des Hautes Etudes Commerciales, the Universite du Quebec a Trois-Rivieres and the Universite du Quebec a Montreal. A prominent figure in modern Quebec, the man embodies entrepreneurship.

Flags on all company buildings will be flown at half-mast and commemorative activities will take place. The public is also invited to visit the company's digital platforms to pay tribute to him. A virtual guestbook is available on the Cascades website.

You can also show your support by making a donation to the Federation of Quebec Alzheimer Societies.

About Cascades Inc.

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 10,000 talents, who work in a network of more than 70 production units in North America. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the planet. Cascades shares trade on the Toronto Stock Exchange under the ticker symbol CAS .