Verso Plan to Regain Compliance with Continued Listing Standard Accepted by NYSE

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Verso Paper Corp., Memphis, Tenn., USA, reports that the New York Stock Exchange has accepted its plan to regain compliance with the NYSE's market capitalization continued listing standard. As previously disclosed, the NYSE notified Verso on Dec. 16, 2013, that it had fallen below the NYSE's continued listing standard requiring that Verso maintain an average market capitalization over a consecutive 30 trading-day period of at least $50 million or stockholders' equity of at least $50 million.

As permitted by the NYSE's rules, Verso recently submitted to the NYSE a plan to regain compliance with the market capitalization standard. The NYSE accepted the compliance plan and notified Verso of such acceptance last Friday, February 14. With the NYSE's acceptance of the plan, Verso has until February 21, 2015, in which to regain compliance. In the meantime, Verso's common stock will continue to be traded on the NYSE, subject to ongoing monitoring by the NYSE and Verso's compliance with all other applicable NYSE requirements.

As of the close of trading on February 14, Verso's average market capitalization over the prior 30 consecutive trading days was approximately $159 million.

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