PCA to invest in PM No. 3 at its Boise Paper mill in Wallula, Washington, to support its growing pressure senstitive paper business; work will be done in June, includes headbox upgrade and former rebuild aimed at expanding capability, improving quality

BENSENVILLE, Illinois , February 26, 2014 (press release) – Packaging Corporation of America (NYSE: PKG) announced today that its Boise Paper division would increase its commitment to enhancing product performance and capability in support of its growing pressure sensitive paper business in Wallula, Washington.

The announced strategic investment in Wallula’s #3 paper machine includes a headbox upgrade and a former rebuild. These targeted enhancements will further differentiate Boise’s
pressure sensitive products by increasing formation uniformity and reducing cross direction profile variation. Reducing product variation is crucial to pressure sensitive customers, who
require some of the most stringent quality standards among end users of paper.

Expanded capabilities on the #3 machine at Wallula will also address customer needs that include expanded functionality for label release liner applications, layflat release liners for
graphic display applications, and coated facestocks. The upgrades will be installed in June 2014.

The investment demonstrates PCA’s commitment to enhancing the capabilities of the Boise Paper business.

Boise Paper’s pressure sensitive business has been a key supplier to the pressure sensitive industry for nearly 40 years and a leading global release liner supplier since a 2007 strategic
investment converted Wallula #3 into an industry leading release liner base paper machine.

PCA is the fourth largest producer of containerboard and corrugated packaging products in the United States and the third largest producer of uncoated freesheet paper in North America. PCA
operates eight paper mills and 98 corrugated products plants and related facilities. 

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