Andrew M. Bursky - 21 Apr 2022 Form 3 Insider Report for Sylvamo Corp (SLVM)

Footnote F1

ACR Group Paper Holdings LP, a Delaware limited partnership ("ACR GPH"), is the direct record and beneficial owner of 4,132,000 shares of common stock, par value $1.00 per share (the "Common Stock"), of Sylvamo Corporation (the "Issuer"). Atlas Capital GP IV LP, a Delaware limited partnership ("AC GP IV"), is the general partner of ACR GPH. Atlas Capital Resources GP IV LLC, a Delaware limited liability company ("ACR GP IV"), is the general partner of AC GP IV. ACR GPH, AC GP IV and ACR GP IV are collectively referred to as the "Atlas IV Entities." Andrew M. Bursky and Timothy J. Fazio are each a manager and Managing Partner of ACR GP IV, and may be deemed to control the Atlas IV Entities. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Mr. Bursky and Mr. Fazio may be deemed to have an indirect pecuniary interest in the shares of the Common Stock of the Issuer that are held by ACR GPH.

Footnote F2

Lapetus Capital III LLC, a Delaware limited liability company ("Lapetus III"), is the direct beneficial owner of 2,180,454 shares of Common Stock of the Issuer. Atlas Capital Resources III LP, a Delaware limited partnership ("ACR III"), which invests in Lapetus III through certain alternative investment vehicles, is the indirect majority and controlling member of Lapetus III. Atlas Capital GP III LP, a Delaware limited partnership ("AC GP III"), is the general partner of ACR III. Atlas Capital Resources GP III LLC, a Delaware limited liability company ("ACR GP III"), is the general partner of AC GP III. Lapetus III, ACR III, AC GP III and ACR GP III are collectively referred to as the "Atlas III Entities."

Footnote F3

(Continued from Footnote 2) Andrew M. Bursky and Timothy J. Fazio are each a manager and Managing Partner of ACR GP III, and may be deemed to control the Atlas III Entities. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Mr. Bursky and Mr. Fazio may be deemed to have an indirect pecuniary interest in the shares of the Common Stock of the Issuer that are held by Lapetus III.

Footnote F4

In accordance with Instruction 5(b)(iv), the entire amount of the shares of Common Stock of the Issuer that is owned by Lapetus III and ACR GPH is reported herein. Each of Mr. Bursky and Mr. Fazio disclaims beneficial ownership interest of the Common Stock of the Issuer except, in each case, to the extent he has any indirect pecuniary interest therein.