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Georgia-Pacific Extends Exchange Offer For Fort James Shares

Press release from the issuing company

ATLANTA, Georgia. -- Georgia-Pacific Corp. (NYSE: GP) today extended its exchange offer for all outstanding shares of Fort James Corp. (NYSE: FJ) from the prior expiration date of midnight Thursday, Nov. 9, to 6 p.m. Eastern time, Thursday, Nov. 16, 2000. Accordingly, the offer and withdrawal rights will expire at 6 p.m. Eastern time, Nov. 16, 2000, unless Georgia-Pacific further extends the offer. Georgia-Pacific will announce the final exchange ratio by issuing a news release no later than two business days before the offer expires. Georgia-Pacific said that it has agreed with the United States Department of Justice not to purchase shares under the exchange offer prior to Nov. 17 in order to give the department time to complete its review of the transaction. All Fort James stockholders should read the prospectus and offer statements that were filed by Georgia-Pacific and the solicitation/recommendation statements that were filed by Fort James with the Securities and Exchange Commission (SEC) and mailed to stockholders. These statements contain important information that stockholders should consider before making any decision regarding tendering their shares. Stockholders are able to obtain these statements and amendments, as well as other filings containing important information about Georgia-Pacific and Fort James, without charge, at the SEC's internet site (www.sec.gov). Copies of the offer and solicitation/recommendation statements and other SEC filings can also be obtained, without charge, from Georgia-Pacific's corporate secretary.

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