MERCER INTERNATIONAL INC.

INESS

In this document, please note the following:

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references to “we”, “our”, “us”, the “Company” or “Mercer” mean Mercer International Inc. and its subsidiaries, unless the context clearly suggests otherwise, and references to “Mercer Inc.” mean Mercer International Inc. excluding its subsidiaries;

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references to “$” or “dollars” are to U.S. dollars, which is our reporting currency, unless otherwise stated; “€” are to euros; and “C$” are to Canadian dollars;

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references to “ADMTs” mean air-dried metric tonnes;

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references to “CLT” mean cross-laminated timber;

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references to “glulam” mean glue-laminated timber;

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references to “m 3” mean cubic meters;

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references to “Mfbm” mean thousand board feet;

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references to “MMfbm” mean million board feet;

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references to “MW” mean megawatts and “MWh” mean megawatt hours;

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references to “NBHK” mean northern bleached hardwood kraft;

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references to “NBSK” mean northern bleached softwood kraft;

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references to “tonnes” mean metric tonnes; and

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our lumber metrics are converted from m 3 to Mfbm using a conversion ratio of 1.6 m 3 of lumber equaling one Mfbm, which is the ratio commonly used in the industry.

Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide and percentages may not precisely reflect the absolute figures.