International Paper Declares Dividend

Stamford, Connecticut, USA, 08 May 2006 -- /PRNewswire/ -- International Paper (NYSE:IP) today announced a regular quarterly dividend of USD 0.25 per share for the period of 01 April 2006 to 30 June 2006, inclusive. The dividend on the common stock of the company is payable on 15 June 2006, to holders of record at the close of business on 19 May 2006.

The company also declared a regular quarterly dividend of USD 1 per share for the period of 01 April 2006 to 30 June 2006, inclusive, on the preferred stock of the company, payable on 15 June 2006, to holders of record at the close of business on 19 May 2006.

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, South America, and Asia. These businesses are complemented by 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.