COVERAGE NOTE: Correction to Brazil Boxboard Footnotes

SAO PAULO, Apr. 24, 2018 — Due to an error, the footnote explaining Brazilian Boxboard assessments incorrectly reads

Delivered in Sao Paulo. Prices are net, excluding PIS/COFINS of 9.25% and other taxes and freight”.

It should read: “Delivered São Paulo. Includes PIS/COFINS taxes of 9.25%. Other taxes not included.

The error dates back to March 2016. RISI apologises for any possible misunderstanding caused by this.

For comments and queries, please email pricing@risi.com.

For other RISI Coverage Notes please see here.

For more information on RISI’s assessment methodology, please see here.

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