<b>Wausau-Mosinee Sees Earnings Decline</b>

Wausau-Mosinee Paper Corp. expects to report first quarter 2001 earnings modestly below the current analyst consensus of a loss of $0.02 per share.

The major factors negatively affecting first quarter results include weak demand and high energy costs, with the growing economic slowdown impacting the company's printing and writing and specialty paper businesses.

Wausau-Mosinee's president and CEO, Thomas Howatt, stated, ``With the exception of our tissue segment, weak market conditions have substantially impacted volume, dictating market-related downtime at select mills to control inventories. While we are faced with difficult economic conditions, pulp and energy costs are trending favorably for us, and our internal initiatives to improve operating efficiencies, reduce costs and control working capital are paying dividends.''