|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.