Mail-Well and Subsidiaries Enter into Credit Facility

As of December 31, 2002, Mail-Well I Corporation, Supremex Inc. and certain of their affiliates and subsidiaries, as either borrowers or as guarantors, entered into an amended and restated Canadian and U.S. collateralized asset-based credit facility in the aggregate amount of US$330 million agented by Bank of America, N.A. The Mail-Well Print Group, headquartered in Engelwood, Colorado, is one of the largest and most diversified printers in North America. The credit facilities provided the companies the opportunity to consolidate their debt, among other things. Supremex is Canada’s largest provider of stock and custom manufactured envelopes.

The Supremex group was represented by Cassels Brock & Blackwell LLP in Ontario, with a team led by Jim Rossiter and including Ian Baskerville, and by Pouliot Mercure in Montreal with a team led by Daniel Gagné.

The agent was represented in Canada by Ogilvy Renault, with a team led by Kevin Morley and including David Amato and Rosella Santilli in Toronto and François Courteau and Martin Rochette in Montreal. Ogilvy Renault was assisted in B.C., by James Sutcliffe of Bull, Housser & Tupper; in Alberta by Herbert Zechel of Fraser Milner Casgrain LLP; in Manitoba by James Carlson of Fillmore Riley; in Saskatchewan by Michael Milani of McDougall Gauley; and in Newfoundland & Labrador, New Brunswick, Nova Scotia and PEI, by C. Paul Smith of Stewart McKelvey Stirling Scales. In the U.S., Buchalter Nemer Fields & Younger represented the agent, with a team led by Robert Davidson and including Czar Vigil.