Memphis, Tennessee, USA, 13 February 2007 -- /PRNewswire/ -- International Paper (NYSE:IP) today declared a regular quarterly dividend of USD 0.25 per share for the period from 01 January 2007, to 31 March 2007, inclusive on its common stock. This dividend is payable on 15 March 2007, to holders of record at the close of business on 16 February 2007.

Today the company also declared a regular quarterly dividend of USD 1 per share for the period from 01 January 2007, to 31 March 2007, inclusive, on its preferred stock. This dividend is also payable on 15 March 2007, to holders of record at the close of business on 16 February 2007.

About International Paper

Headquartered in the United States, International Paper has been a leader in the forest products industry for more than 100 years. The company is currently transforming its operations to focus on its global uncoated papers and packaging businesses, which operate and serve customers in the United States, Europe, Latin America, and Asia, as well as xpedx, an extensive North American merchant distribution system. International Paper is committed to environmental, economic, and social sustainability, and has a long-standing policy of using no wood from endangered forests. To learn more, visit www.internationalpaper.com.