Glatfelter's Strategic Transformation

Glatfelter's Ongoing Evolution 2022 & Beyond 2018 - 2021 Pre-2018 Expanded internationally acquiring Schoeller & Hoesch GmbH creating Composite Fibers business Acquired Lydney, UK facility to expand tea and coffee business Acquisition of Concert Industries creates Airlaid Materials business Dresden acquisition adds Nonwoven Wallcover product line Completed capacity expansions in Composite Fibers to serve Tea, Coffee, and consumer growth markets Oberschmitten acquisition expands Electrical product line 3 Sale of Specialty Papers business creates more growth focused and stable Engineered Materials platform Terminated and settled qualified pension plan and reverted $33 million cash back to company Fox River liability settled and paid $20.5 million as part of final settlement New airlaid facility in Fort Smith, AR expanded capacity by 20% • Acquired 2 Georgia-Pacific airlaid facilities to expand capacity and capture and service long term demand for health and hygiene products Issued first "Sustainability" report in 2020 formalizing our ESG priorities Relocated Corporate Headquarters to Charlotte, North Carolina to enhance access to resources and more diverse talent Recently acquired Jacob Holm to add complementary scale and best-in- class suite of nonwovens technologies, applications, and products Execute integration of recent acquisitions with a focus on synergy capture and deleveraging Accelerate innovation to further expand engineered materials product portfolio Address inflation through pass-through of raw material costs and energy prices in Europe using dynamic pricing model Actively manage Russia/Ukraine geo- political crisis and its commercial impact (2021 revenues ~$95 million) Pursue growth investments as balance sheet capacity permits G

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