Buckeye Anticipates Improvement in October-December Quarter Results

MEMPHIS, Tenn.--(Business Wire)--Buckeye Technologies Inc. (NYSE:BKI) today announced that it
expects its earnings for the October-December quarter to be in the
range of 34-36 cents per share. This compares to earnings for the same
period last year of 10 cents per share.

Chairman and Chief Executive Officer, John B. Crowe said, "We had
another strong quarter. Second quarter net sales were up 14% compared
to the same period last year. The earnings improvement is a
combination of higher pricing, higher wood volume and cost control.
Compared to our first quarter, operating earnings performance was
better due to high operations reliability and higher wood specialty
shipments. While this quarter's earnings performance will be difficult
to repeat, we do anticipate strong performance in the January-March
quarter 2008."

Mr. Crowe went on to say, "Today we are informing our employees at
our Delta airlaid facility near Vancouver, British Columbia that we
will be reducing the shifts from seven to five resulting in a
reduction of 20-25 employees. The reduction will be completed this
quarter and is the result of the loss of a significant volume of
business for that facility following negotiations with a long time
customer. The strong Canadian dollar and the high transportation cost
from Delta's location were key factors in not being able to meet the
pricing requirements of our customer at an acceptable margin. Despite
this reduction in business, the demand for our airlaid nonwoven
products remains solid, and we are committed to re-establishing growth
and improving the financial performance of this business."

Buckeye plans to announce October-December results on January 29,
2008 and has scheduled a conference call at 10:00 a.m. EDT, Wednesday,
January 30, 2008 to discuss second quarter performance. Persons
interested in listening by telephone may dial in at (877) 852-6579
within the United States. International callers should dial (719)
325-4823.

Buckeye, a leading manufacturer and marketer of specialty fibers
and nonwoven materials, is headquartered in Memphis, Tennessee, USA.
The Company currently operates facilities in the United States,
Germany, Canada, and Brazil. Its products are sold worldwide to makers
of consumer and industrial goods.

Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal
securities laws that involve risks and uncertainties, including but
not limited to economic, competitive, governmental, and technological
factors affecting the Company's operations, financing, markets,
products, services and prices, and other factors. For further
information on factors which could impact the Company and the
statements contained herein, please refer to public filings with the
Securities and Exchange Commission.

Buckeye Technologies Inc., Memphis
Steve Dean, 901-320-8352
Senior Vice President
and Chief Financial Officer
or
Investor Relations
Shirley Spears, 901-320-8125
www.bkitech.com

Copyright Business Wire 2008