Southern Natural Gas Cancels Force Majeure Declaration Previously Impacting RYAM

Rayonier Advanced Materials, Inc. (“RYAM” or the “Company”) announced that the force majeure declared by its natural gas provider, Southern Natural Gas Company, LLC, due to an unscheduled outage of the Elba Express Pipeline’s Hartwell Compressor Station (the “SNG Force Majeure Event” or “Event”) has been cancelled. The Event impacted natural gas supply to the Company’s facility in Jesup, Georgia, and has resulted in an estimated $4 million EBITDA impact to the Company. The Company continues to reserve all rights to more fully examine, and potentially contest, the validity of the financial penalty it has been assessed.

The full announcement from Southern Natural Gas can be found at: https://pipeline2.kindermorgan.com/Notices/NoticeDetail.aspx?code=SNG&notc_nbr=707625

About Rayonier Advanced Materials

Rayonier Advanced Materials, Inc. (NYSE: RYAM) is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada and France, RYAM employs just over 2,500 people and generated $1.4 billion of revenues in 2021. More information is available at www.RYAMglobal.com.

Contact:

Ryan Houck – Media Contact – (904) 357-9134

Source: Rayonier Advanced Materials, Inc.