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Management Side
Temple-Inland Inc.
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Austin, Texas, USA, 07 December 2007 --(BUSINESS WIRE)-- Temple-Inland Inc. (NYSE:TIN) announced today that its board of directors declared a special cash dividend of USD 10.25 per common share, payable on 21 December 2007, to Temple-Inland stockholders of record as of the close of business on 12 December 2007.

As previously announced, the special dividend represents a portion of the proceeds from the company's non-recourse loan secured by the installment notes received from the sale of its strategic timberlands. The special cash dividend is in addition to the previously announced regular quarterly dividend of USD 0.28 per common share payable 14 December 2007, to stockholders of record as of the close of business on 30 November 2007.

With this announcement of the declaration of the special cash dividend, Temple-Inland is nearing completion of its transformation plan. As announced previously, Temple-Inland expects to spin off its financial services operation, Guaranty Financial Group, and its real estate operation, Forestar Real Estate Group, in tax-free distributions on 28 December 2007, to Temple-Inland stockholders of record as of the close of business on 14 December 2007.

Temple-Inland Inc. operates four business segments: corrugated packaging, forest products, real estate, and financial services. Temple-Inland's common stock (TIN) is traded on the New York Stock Exchange. Temple-Inland's address on the World Wide Web is www.templeinland.com.
 

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