Cascades to divest equity interest in Reno De Medici S.p.A

Cascades Inc. (TSX: CAS) (the “Company”) is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) to sell its 57.6% equity interest in Reno De Medici S.p.A. (BIT: RM) (“Reno de Medici”, or “RDM”) for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million).

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