Pulpex Bulletin for Monday, November 26, 2001

Market News:
             Bid      Ask     Last     High      Low   Vol    OI
NBSK -----------------------------------------------------------
Dec01     406.00   409.00        -        -        -     -    98
Jan02     410.00   419.00        -        -        -     -    85
Feb02     414.00   424.00        -        -        -     -    30
Mar02     422.00   432.00        -        -        -     -   163
Jun02     437.00   450.00        -        -        -     -    53
Sep02     450.00   470.00        -        -        -     -    62
Dec02     465.00   476.00        -        -        -     -    15
Mar03     475.00   550.00        -        -        -     -     -

BEK ------------------------------------------------------------
Dec01     395.00   403.00        -        -        -     -    30
Dec01     400.00   409.00        -        -        -     -     -
Feb02     404.00   408.00        -        -        -     -     -
Mar02     355.00   421.00        -        -        -     -     -

Settlement Prices Futures
          Today      Chg      Prev
NBSK ------------------------------
Dec01    407.50     -0.50    408.00
Jan02    414.50     -3.50    418.00
Feb02    419.00     -6.00    425.00
Mar02    427.00     -3.00    430.00
Jun02    443.50     +0.50    443.00
Sep02    460.00     +0.00    460.00
Dec02    470.50     +0.00    470.50
Mar03    484.50     +0.00    484.50

BEK -------------------------------
Dec01    399.00     +2.00    397.00
Dec01    404.50     +2.50    402.00
Feb02    406.00     -1.00    407.00
Mar02    411.00     -1.00    412.00

The above tables should ideally be viewed using Courier or other fixed fonts.
During Pulpex opening hours (0830-1600 UK Time, 0930-1700 CET),prices
are distributed on our web page: http://www.pulpex.com

If you would like someone else to receive this bulletin or to cancel your own
please mail: info@pulpex.com or fax: +44 20 7065 8941