Bowater Incorporated                            
Media Contact: Gordon R. Manuel, 864-282-9448   
Analyst Contact: William G. Harvey, 864-282-9413

Bowater to Release Third Quarter 2003 Financial Results on October 30,
2003

Bowater Incorporated (NYSE:BOW) will release third quarter 2003
financial results before the market opens on Thursday, October 30,
2003.

Bowater will hold a management conference call to discuss these
financial results at 10:00 a.m. EST, October 30, 2003. The conference
call number is 888-428-4474 or 651-291-0618 (international). The call
will also be broadcast via the Internet. Interested parties may
connect to the Bowater website at www.bowater.com, then follow the
on-screen instructions for access to the call and related information.
A replay of the call will be available from 1:30 p.m. EST on Thursday,
October 30, through Thursday, November 6, on the website or by dialing
800-475-6701 or 320-365-3844 (international) and using the access code
700148.

Bowater Incorporated, headquartered in Greenville, SC, is a leading
producer of newsprint and coated groundwood papers. In addition, the
company makes uncoated groundwood papers, bleached kraft pulp and
lumber products. The company has 12 pulp and paper mills in the United
States, Canada and South Korea and 13 North American sawmills that
produce softwood lumber. Bowater also operates two facilities that
convert a groundwood base sheet to coated products. Bowater's
operations are supported by approximately 1.4 million acres of
timberlands owned or leased in the United States and Canada and 32
million acres of timber cutting rights in Canada. Bowater is one of
the world's largest consumers of recycled newspapers and magazines.
Bowater common stock is listed on the New York Stock Exchange, the
Pacific Exchange and the London Stock Exchange. A special class of
stock exchangeable into Bowater common stock is listed on the Toronto
Stock Exchange (TSE:BWX).