The Board of Directors of Verso Corporation www.versoco.com, i.e. the North-American pulp, printing paper and speciality graphic paper manufacturer, has set up an alternative strategic committee composed of independent directors. With the support of the company financial advisor Houlihan Lokey Capital, this committee will have the task to help Verso identify and assess a range of potential strategic transactions, including the possible sale of same paper mills. In particular, the committee will supervise the due diligence procedure carried out with parties that are potentially interested in transactions with the company and advise the Board of Directors if the operation is proposed in the best interest of the company and its stakeholders.