Richmond, Virginia, USA, 06 August 2008 -- Chesapeake Corporation (NYSE:CSK) today announced that it has been notified by NYSE Regulation, Inc. that it is not in compliance with The New York Stock Exchange, Inc.'("NYSE") continued listing standards.

Chesapeake is considered below criteria for the continued listing standards because over a 30 trading-day period its total market capitalization was less than USD 75 million and its most recently reported stockholders' equity was less than USD 75 million. In accordance with the NYSE's continued listing criteria, Chesapeake intends to present a plan to the NYSE within the required 45-day period demonstrating how it plans to comply with the NYSE's continued listing standards.

Chesapeake Corporation protects and promotes the world's great brands as a leading international supplier of value-added specialty paperboard and plastic packaging. Headquartered in Richmond, Virginia, the company is one of Europe's premier suppliers of folding cartons, leaflets and labels, and plastic packaging for niche markets. Chesapeake has 45 locations in Europe, North America, Africa and Asia and employs approximately 5400 people worldwide.