Abitibi-Consolidated declares dividend A (TSX) ABY (NYSE) MONTREAL, Jan. 25 /PRNewswire-FirstCall/ -- Abitibi-Consolidated Inc. announced today that its Board of Directors has approved a dividend payment to shareholders of record on February 7, 2005, amounting to 2.5 cents per common share, payable on March 1, 2005. Abitibi-Consolidated is a global leader in newsprint and uncoated groundwood (value-added groundwood) papers as well as a major producer of wood products, generating sales of $5.4 billion in 2003. The Company owns or is a partner in 27 paper mills, 22 sawmills, 4 remanufacturing facilities and 1 engineered wood facilities in Canada, the U.S., the UK, South Korea, China and Thailand. With over 15,000 employees, excluding its PanAsia joint venture, Abitibi-Consolidated does business in approximately 70 countries. Responsible for the forest management of 17.5 million hectares of woodlands, the Company is committed to the sustainability of the natural resources in its care. Abitibi-Consolidated is also the world's largest recycler of newspapers and magazines, serving 16 metropolitan areas in Canada and the United States and 130 local authorities in the United Kingdom, with 14 recycling centres and approaching 20,000 Paper Retriever(R) and paper bank containers. DATASOURCE: ABITIBI-CONSOLIDATED INC. CONTACT: Investors & Media: Lorne Gorber, Investor Relations & Financial Communications, (514) 394-2360

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