Joint Proxy Statement/Prospectus/Management Circular July 22, 2007 (5.2 MB) Highlights Abitibi-Consolidated is a global leader in newsprint and commercial printing papers as well as a major producer of wood products, serving clients in over 70 countries from its 45 operating facilities. Abitibi-Consolidated is among the largest recyclers of newspapers and magazines in North America, diverting annually approximately 1.7 million tonnes of paper from landfills. It also ranks first in Canada in terms of total certified woodlands. Abitibi-Consolidated shares are traded on the Toronto Stock Exchange (TSX: A) and on the New York Stock Exchange (NYSE: ABY).

Financial Highlights

C$ millions, except per share amount and Fx rates	2007 Q2	2007 Q1	2006 Q4	2006 Q3	2006 Q2
Sales	1,064	1,068	1,180	1,181	1,253
Operating profit (loss)	(20)	(47)	236	2	48
Fx loss (gain)	(235)	(33)	131	-	(156)
Net earnings (loss)	148	(70)	(22)	(48)	157
Net earnings (loss) per share	0.34	(0.16)	(0.05)	(0.11)	0.36
Fx period end rate	1.063	1.153	1.165	1.115	1.115
Fx average rate	1.098	1.172	1.139	1.121	1.122

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