Apr 06, 2005. /Lesprom Network/. Abitibi-Consolidated Inc. ("Abitibi") announced that it and its subsidiary, Abitibi-Consolidated Company of Canada ("ACCC," together with Abitibi, the "Company"), have accepted and purchased US$337 million aggregate principal amount of Abitibi's 8.30% notes due 2005 (the "2005 Notes") and US$100 million of ACCC's 6.95% notes due 2006 (the "2006 Notes", together with the 2005 Notes, the "Notes") that were tendered in response to the Company's previously announced tender offers. The tender offers expired at 12:00 Midnight, on Monday, April 4, 2005. The 2005 Notes that were tendered and not withdrawn before 5:00 p.m, New York City time, on March 16, 2005, were accepted and purchased by the Company on March 29, 2005. Based on the final count by the depositary, the tender offer for the 2006 Notes was oversubscribed, with an aggregate principal amount of US$267 million of 2006 Notes having been tendered prior to the expiration date. The Company used the proceeds of its recently completed issuance of US$450 million in aggregate principal amount of 8.375% Notes due 2015 to fund the purchase of the Notes in the tender offers and to pay associated expenses and accrued interest. Citigroup Global Markets Inc. and Credit Suisse First Boston LLC acted as the Dealer Managers for the tender offers. Global Bondholder Services Corporation acted as depositary and information agent for the tender offers.