Analyst Coverage

Firm Analyst
D. A. Davidson & Co.   Steven Chercover
RBC Capital Markets   Paul Quinn
Vertical Research Partners   James Armstrong

Clearwater Paper Corporation is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Clearwater Paper Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Clearwater Paper Corporation or its management. Clearwater Paper Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.