P. H. Glatfelter (“Glatfelter”) (NYSE:GLT) announced today that as of 5:00 p.m., New York City time, on October 2, 2012 (the “Consent Payment Deadline”), in connection with Glatfelter's previously announced cash tender offer (the “Tender Offer”) for any and all of the $200 million outstanding aggregate principal amount of its 7⅛% Senior Notes due 2016 (the “Notes”) it had received tenders from holders of $152,279,000 in aggregate principal amount, or approximately 76%, of the outstanding Notes. On October 3, 2012, Glatfelter accepted for purchase all of the Notes tendered on or prior to the Consent Payment Deadline. For each $1,000 principal amount of Notes tendered on or before the Consent Payment Deadline, Glatfelter paid $1,026.25, which includes a consent payment of $2.50 per $1,000 principal amount of the Notes. As result of the receipt of the requisite consents, Glatfelter entered into a supplemental indenture with the trustee effecting the proposed amendments to the indenture governing the Notes on October 3, 2012. Upon acceptance of the tendered notes for payment by Glatfelter the proposed amendments became operative. In accordance with the terms of the Tender Offer, tendered Notes may no longer be withdrawn and delivered consents may not be revoked unless Glatfelter makes a material change to the terms of the Tender Offer or is otherwise required by law to permit withdrawal or revocation. The terms of the Offer are described in the Offer to Purchase and Consent Solicitation Statement dated September 19, 2012 (the “Offer to Purchase”), and the related consent and letter of transmittal. The Tender Offer will expire at 11:59 p.m., New York City time, on October 17, 2012, unless extended or earlier terminated (the "Expiration Time"). The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase that has been sent to holders of the Notes. Holders are urged to read the Tender Offer documents carefully before making any decision with respect to the Tender Offer. Holders of the Notes must make their own decisions as to whether to tender their Notes, and if they decide to do so, the principal amount of the Notes to tender.