KapStone Paper and Packaging Corporation Approved for Listing on the NASDAQ

Northfield, Illinois, USA, 22 May 2007 -- /PRNewswire/ -- KapStone Paper and Packaging Corporation (BULLETIN BOARD: KPPC) today announced that it received notice from the staff of the NASDAQ Listing Qualifications Department of approval of its application to list its common stock and warrants on the NASDAQ Global Market. The company's common stock and warrants will begin trading on the NASDAQ Global Market effective at market opening on 29 May 2007, under the symbols "KPPC" and "KPPCW" respectively. The company's units will continue to be quoted on the OTC Bulletin Board under the symbol "KPPCU.OB."

Headquartered in Northfield, Illinois, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and converter of inflatable dunnage bags. The company is the parent company of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, North Carolina, and Ride Rite(R), a dunnage bag plant in Fordyce, Arkansas. The business employs approximately 700 people.

Source: KapStone Paper and Packaging Corporation