Klabin SA

Avenida Brigadeiro Faria Lima 3600, 3 04538- 132 So Paulo SP tel 11 3046 5800 www.klabin.com.br

So Paulo, April 1st, 2010.

To BM&FBOVESPA S.A. Care of: Mr. Nelson Barroso Ortega Companies Follow-up Management

Regarding: GAE/CAEM 0484-10 dated 03/30/10

Dear Sir, In relation to your Notice about the news published in the newspaper Valor Econmico on 03/30/10, we clarify: The company plans to invest R$ 400 million in 2010. The Executive Officer, Mr. Reinoldo Poernbacher, mentioned that Klabin made only the essential investments in 2009, totalizing R$ 247 million. Taking advantage of the good moment experienced by the Brazilian economy, the Company intends to resume short term projects, such as the modernization and optimization of production in the areas of conversion, which will marginally increase its volumes. Amongst said investments, he mentioned additional allocation of R$ 41 million in the operation of corrugated cardboard boxes. A complete line of auto-sealed valved plastic bags was also acquired, which will be implemented in the beginning of the second term in the plant established in Lages, State of Santa Catarina, in addition to a new biomass boiler that will be installed in the beginning of 2011 in Otaclio Costa, State of Santa Catarina, replacing the fuel oil boiler. Moreover, the Company intends to maintain the investment in its forestry unit, in order to expand the planted area. The company intends to lower the level of leverage measured by means of the ratio between the net debt and the Earnings Before Interest, Taxes, Depreciation and Amortization [EBITDA] to less than

3 times until the end of the year and its goal it to reach no more than 2 times in the average term.

The Executive Officer, Mr. Reinoldo Poernbacher informed that said ratio was 5.1 times at the end of 2008, and it was reduced to 3.4 times at the end of 2009 as a result of the valuation of 25% of the Brazilian real compared to the dollar (final rate) which reduced the net debt in foreign currency, the discipline of expenses and the increase of the free cash flow. Mr. Reinoldo affirmed to the journalist that the goal of the Administration of the Company is to reduce said ratio to no more than 2.0 times in the average term. In order to do so, we must increase the operating cash flow and maintain the stability of the net debt.

Yours sincerely, Antonio Sergio Alfano Chief Financial and Investor Relations Officer