Richmond, Virginia, USA, 28 February 2007 – The board of directors of Chesapeake Corporation (NYSE: CSK) today declared a regular quarterly dividend of USD 0.22 a share on the common stock of the corporation, payable 15 May 2007 to holders of record at the close of business on 16 April 2007.

The company has paid a dividend for 73 consecutive years.

Chesapeake Corporation is a leading international supplier of value-added specialty paperboard and plastic packaging with headquarters in Richmond, Virginia. The company is one of Europe's premier suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake has 47 locations in Europe, North America, Africa, and Asia and employs approximately 5550 people worldwide. The company's Web address is www.cskcorp.com.