Verso Paper Corp. (NYSE: VRS) announced today that, pursuant to the previously announced tender offer of its subsidiary, Verso Paper Holdings LLC (“Verso Holdings”), Verso Holdings received tenders from the holders of $270,573,000 aggregate principal amount of the 11½% senior secured notes due 2014 issued by it and Verso Paper Inc. (the “Notes”) prior to the early tender payment deadline on March 20, 2012, at 5:00 p.m., New York City time (the “Early Tender Date”). The tenders for the Notes received by Verso Holdings prior to the Early Tender Date represent approximately 85.9% of the outstanding Notes. The complete terms and conditions of the tender offer for the Notes are detailed in Verso Holdings’ Offer to Purchase dated March 7, 2012, and the related Letter of Transmittal (the “Tender Offer Documents”). Verso Holdings currently expects to accept for payment, subject to conditions set forth in the Tender Offer Documents, all of the Notes validly tendered prior to the Early Tender Date on Wednesday, March 21, 2012. Each holder who validly tendered its Notes prior to the Early Tender Date will receive, if such Notes are accepted for purchase pursuant to the tender offer, the total consideration of $1,055.00 per $1,000 principal amount of Notes tendered, which consists of $1,025.00 as the tender offer consideration and $30.00 as an early tender payment. In addition, accrued interest up to, but not including, the applicable payment date of the Notes will be paid in cash on all validly tendered and accepted Notes. The tender offer is scheduled to expire at 11:59 p.m., New York City time, on April 3, 2012, unless extended or earlier terminated (the “Expiration Date”). Because the Early Tender Date has passed, tendered Notes may no longer be withdrawn at any time, except to the extent that Verso Holdings is required by law to provide additional withdrawal rights. Holders who validly tender their Notes after the Early Tender Date will receive only the tender offer consideration and will not be entitled to receive an early tender payment if such Notes are accepted for purchase pursuant to the tender offer.