X0202 4 2006-05-01 0000743368 BOWATER INC BOW 0001128203 PATERSON DAVID J 55 EAST CAMPERDOWN WAY GREENVILLE SC 29601 0 1 0 0 President & CEO Stock Options (right to buy) 27.425 2006-05-01 4 A 0 250000 0 A 2007-05-01 2016-05-01 Common Stock 250000 250000 D These options were granted under the Company's 1997 Stock Option Plan, the 2000 Stock Option Plan and the 2002 Stock Option Plan. All three Plans set forth certain earlier expiration dates upon the option holder's termination of employment or cessation of Board service, as the case may be. In addition, the exercisability of outstanding options may be accelerated as approved by the committee administering the Plans, and will be accelerated upon the occurrence of certain specified "change in control" events, in which case the options will be automatically purchased by the Company at a defined acceleration price. David J. Paterson 2006-05-02