Timing of Kapstone Paper and Packaging Corporation Second Quarter Earnings Release

Timing of Kapstone Paper and Packaging Corporation Second Quarter Earnings
Release

NORTHBROOK, Ill., May 27 /PRNewswire-FirstCall/ -- KapStone Paper and
Packaging Corporation (Nasdaq: KPPC), a leading North American producer of
unbleached kraft paper products and linerboard, is planning to accelerate the
release of its second quarter 2009 earnings. In consideration of the
outstanding warrants that will expire on August 15, 2009, and to allow warrant
holders time to evaluate the Company's results prior to the expiration of the
warrants, the Company is planning to release its second quarter earnings by up
to ten days earlier than its quarterly SEC reporting deadline of August 10,
2009. The Company's ability to accelerate the earnings release is dependent
on satisfactory completion of ordinary quarterly closing procedures. In July,
the Company will announce the actual reporting date.

About the Company

Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a
leading North American producer of unbleached kraft paper products and
linerboard. The Company is the parent company of KapStone Kraft Paper
Corporation which includes paper mills in Roanoke Rapids, NC and North
Charleston, SC, a lumber mill in Summerville, SC, and five chipping mills in
South Carolina. The business employs approximately 1,550 people.

SOURCE KapStone Paper and Packaging Corporation

Andrea K. Tarbox, Vice President and Chief Financial Officer of KapStone Paper
and Packaging Corporation, +1-847-239-8812