THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Neenah Paper, Inc. (NP)

4/3/2006 Proxy Information

No related party transactions or special transactions reported for this company. Director relationships marked "Outside Related" at this firm will most often be former executives of the company. Additional information regarding these relationships will be added during our regular updates.

4/29/2005 Proxy Information

Prior to his retirement in 1996, Mr. Grosklaus served as Executive Vice President of Kimberly-Clark Corporation from 1986 to 1996. Neehah Paper was Spun-Off from Kimberly-Clark on November 30, 2004.

11/2/2004 Proxy Information

We have historically transferred softwood and hardwood pulp to Kimberly-Clark at prices governed by an advance transfer pricing agreement between Kimberly-Clark and certain taxing authorities. Net sales for the pulp transferred to Kimberly-Clark was $293.3 million for the year ended December 31, 2003 and $242.4 million for the nine-month period ended September 30, 2004. Settlement of such pulp transfers was effected through Kimberly-Clark’s net investment account. In connection with the distribution, we will enter into a pulp supply agreement with Kimberly-Clark as more fully described under “Our Relationship with Kimberly-Clark after the Distribution–Pulp Supply Agreement.”

Also, in connection with the distribution, we will enter into certain other agreements with Kimberly-Clark to define our ongoing relationship with Kimberly-Clark after the distribution. These other agreements will define responsibility for obligations arising before and after the distribution date, including, among others, obligations relating to our employees, certain transition services and taxes. See “Our Relationship with Kimberly-Clark After the Distribution.”