X0202 4/A 2007-03-23 2007-03-27 0000743368 BOWATER INC BOW 0001128203 PATERSON DAVID J 55 EAST CAMPERDOWN WAY GREENVILLE SC 29601 1 1 0 0 Chairman, President & CEO Restricted Stock Units 2007-03-23 4 A 0 54200 0 A Common Stock 54200 54200 D Footnote 1 of Mr. Paterson's Form 4 filed with the Securities and Exchange Comission on March 27, 2007 contained an incorrect exchange ratio. The corrected footnote should read: "Each Restricted Stock Unit represents a contingent right to receive one share of Bowater Incorporated common stock. Under the terms of the proposed merger of Bowater Incorporated and Abitibi-Consolidated Inc. (the "Merger"), each share of Bowater Incorporated common stock would be converted to .52 share of the combined company." The Restricted Stock Units will vest on a pro-rata basis upon the achievement of certain amounts of documented synergies during the two year period following the consummation of the Merger. For example, the reporting person would receive the maximum of 54,200 shares for the achievement of $300 million or more in synergies, 45,100 shares for the achievement of $250 million in synergies and 36,100 shares for the achievement of $200 million in synergies. William A. McCormick, Attorney-in-Fact 2007-03-29