Exhibit 99.2

Boise Inc.

Quarterly Statistical Information

	2010
	Boise Inc.
	Q1			Q2		Q3	Q4	YTD
Paper
Commodity UFS Volume (short tons)		203,003			196,570				399,573
Premium and Specialty UFS Volume (short tons)		108,815			115,316				224,131
Market Pulp Volume (short tons)		18,558			13,382				31,940
Medium Volume (short tons)		31,823			31,390				63,213
Commodity UFS Mill Net Sales Price ($/short ton)	$	899		$	934			$	916
Premium and Specialty UFS Mill Net Sales Price ($/short ton)	$	1,020		$	1,030			$	1,025
Market Pulp Mill Net Sales Price ($/short ton)	$	496		$	605			$	542
Medium Mill Net Sales Price ($/short ton)	$	408		$	460			$	434
Depreciation & Amortization (000)	$	21,469		$	21,698			$	43,167
Capital Spending (000)	$	9,917		$	15,397			$	25,314
Packaging
Linerboard Sales Volume (short tons)		138,561			157,236				295,797
Segment Linerboard Sales Volume (short tons)		61,878			53,950				115,828
Corrugated Containers and Sheets Sales Volume (mmsf)		1,616			1,686				3,302
Newsprint Sales Volume (short tons)		53,572			59,071				112,643
Linerboard Mill Net Sales Price ($/short ton)	$	364		$	427			$	397
Segment Linerboard Mill Net Sales Price ($/short ton)	$	296		$	340			$	317
Corrugated Containers and Sheets Net Sales Price ($/msf)	$	53		$	56			$	55
Newsprint Mill Net Sales Price ($/short ton)	$	442		$	474			$	459
Depreciation & Amortization (000)	$	9,696		$	9,579			$	19,275
Capital Spending (000)	$	3,372		$	5,923			$	9,295
Total Company
EBITDA (000) (a)	$	29,261		$	70,070			$	99,331
EBITDA Excluding Special Items (000) (a)	$	54,916		$	66,951			$	121,867
Net Income (Loss) Per Share: Basic	$	(0.16	)	$	0.17			$	0.01
Net Income (Loss) Per Share: Diluted	$	(0.16	)	$	0.16			$	0.01

(a) Reconciliation of net income (loss) (a GAAP measure) to EBITDA and EBITDA to EBITDA excluding special items are provided as an appendix.

Boise Inc.

Quarterly Statistical Information

	2009
	Boise Inc.
	Q1			Q2		Q3		Q4		YTD
Paper
Commodity UFS Volume (short tons)		205,770			209,022		220,115		208,713		843,620
Premium and Specialty UFS Volume (short tons)		97,399			105,570		104,761		99,866		407,596
Market Pulp Volume (short tons)		6,386			11,461		18,851		21,513		58,211
Medium Volume (short tons)		30,120			30,440		34,558		31,382		126,500
Commodity UFS Mill Net Sales Price ($/short ton)	$	949		$	924	$	908	$	904	$	921
Premium and Specialty UFS Mill Net Sales Price ($/short ton)	$	1,050		$	1,026	$	1,010	$	1,000	$	1,021
Market Pulp Mill Net Sales Price ($/short ton)	$	383		$	357	$	412	$	495	$	429
Medium Mill Net Sales Price ($/short ton)	$	469		$	429	$	403	$	376	$	418
Depreciation & Amortization (000)	$	21,346		$	21,099	$	21,171	$	21,524	$	85,140
Capital Spending (000)	$	9,091		$	11,259	$	14,557	$	16,143	$	51,050
Packaging
Linerboard Sales Volume (short tons)		109,701			134,037		148,727		149,658		542,123
Segment Linerboard Sales Volume (short tons)		38,202			54,212		76,511		83,756		252,681
Corrugated Containers and Sheets Sales Volume (mmsf)		1,418			1,444		1,553		1,548		5,963
Newsprint Sales Volume (short tons)		60,120			28,190		52,463		58,085		198,858
Linerboard Mill Net Sales Price ($/short ton)	$	427		$	383	$	340	$	333	$	366
Segment Linerboard Mill Net Sales Price ($/short ton)	$	352		$	302	$	284	$	293	$	301
Corrugated Containers and Sheets Net Sales Price ($/msf)	$	60		$	59	$	58	$	54	$	58
Newsprint Mill Net Sales Price ($/short ton)	$	588		$	434	$	378	$	411	$	459
Depreciation & Amortization (000)	$	9,656		$	10,778	$	10,676	$	11,122	$	42,232
Capital Spending (000)	$	7,403		$	6,465	$	2,597	$	6,622	$	23,087
Total Company
EBITDA (000) (a)	$	52,723		$	130,633	$	127,989	$	84,335	$	395,680
EBITDA Excluding Special Items (000) (a)	$	58,562		$	52,961	$	66,195	$	54,385	$	232,103
Net Income (Loss) Per Share: Basic	$	(0.01	)	$	0.65	$	0.61	$	0.70	$	1.96
Net Income (Loss) Per Share: Diluted	$	(0.01	)	$	0.60	$	0.57	$	0.66	$	1.85

(a) Reconciliation of net income (loss) (a GAAP measure) to EBITDA and EBITDA to EBITDA excluding special items are provided as an appendix.

Prior years’ information is available on our website at www.BoiseInc.com.

Appendix

Other Financial Measures

(dollars in thousands)

EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense and interest income), income taxes, and depreciation, amortization, and depletion. The following table reconciles net income (loss) to EBITDA by quarter and year to date for 2010:

	2010
	Boise Inc.
	Q1			Q2			Q3	Q4	YTD
Net income (loss)	$	(12,685)		$	13,310				$	625
Change in fair value of interest rate derivatives		29			13					42
Interest expense		16,445			16,165					32,610
Interest income		(37	)		(61	)				(98	)
Income tax provision (benefit)		(6,622	)		8,376					1,754
Depreciation, amortization, and depletion		32,131			32,267					64,398
EBITDA	$	29,261		$	70,070				$	99,331
The following table reconciles EBITDA to EBITDA excluding special items by quarter and year to date for 2010:

	2010
	Boise Inc.
	Q1		Q2			Q3	Q4	YTD
EBITDA	$	29,261	$	70,070				$	99,331
St. Helens mill restructuring		128		(434	)				(306	)
Change in fair value of energy hedges		3,330		(2,713	)				617
Loss on extinguishment of debt		22,197		28					22,225
EBITDA excluding special items	$	54,916	$	66,951				$	121,867

EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense and interest income), income taxes, depreciation, amortization, and depletion. The following table reconciles net income (loss) to EBITDA by quarter and for the year ended December 31, 2009:

	2009
	Boise Inc.
	Q1			Q2			Q3			Q4			YTD
Net income (loss)	$	(916	)	$	50,883		$	48,155		$	55,720		$	153,842
Change in fair value of interest rate derivatives		132			(627	)		(125	)		52			(568	)
Interest expense		22,154			21,389			21,436			18,284			83,263
Interest income		(54	)		(91	)		(130	)		(92	)		(367	)
Income tax provision (benefit)		(565	)		26,187			25,737			(23,349	)		28,010
Depreciation, amortization, and depletion		31,972			32,892			32,916			33,720			131,500
EBITDA	$	52,723		$	130,633		$	127,989		$	84,335		$	395,680
The following table reconciles EBITDA to EBITDA excluding special items by quarter and for the year ended December 31, 2009:

	2009
	Boise Inc.
	Q1		Q2			Q3			Q4			YTD
EBITDA	$	52,723	$	130,633		$	127,989		$	84,335		$	395,680
St. Helens mill restructuring		3,648		1,133			1,402			(378	)		5,805
Change in fair value of energy hedges		2,191		(3,468	)		(3,624	)		(976	)		(5,877	)
Alternative fuel mixture credits		—		(75,337	)		(59,572	)		(72,698	)		(207,607	)
Loss on extinguishment of debt		—		—			—			44,102			44,102
EBITDA excluding special items	$	58,562	$	52,961		$	66,195		$	54,385		$	232,103

The following tables reconcile total debt to net total debt by quarter for 2010 and 2009:

	2010
	Q1			Q2			Q3			Q4
Short-term borrowings	$	—		$	3,536
Current portion of long-term debt		16,663			29,163
Long-term debt, less current portion		775,581			763,081
Total debt		792,244			795,780
Less cash and cash equivalents and short-term investments		(98,300	)		(138,668	)
Net total debt	$	693,944		$	657,112
	2009
	Q1			Q2			Q3			Q4
Current portion of long-term debt	$	7,479		$	14,890		$	22,235		$	30,711
Long-term debt, less current portion		967,340			939,929			932,517			785,216
Notes payable		69,229			71,955			74,788			—
Total debt		1,044,048			1,026,774			1,029,540			815,927
Less cash and cash equivalents and short-term investments		(27,510	)		(125,108	)		(247,614	)		(79,416	)
Net total debt	$	1,016,538		$	901,666		$	781,926		$	736,511