Richmond, Virginia, USA, 23 June 2008 —- MeadWestvaco Corporation’s (NYSE: MWV) board of directors today declared a regular quarterly dividend of USD 0.23 per common share. The payment of the dividend will be made on 02 September 2008, to shareholders of record at the close of business on 01 August 2008.

MeadWestvaco Corporation (NYSE: MWV), provides packaging solutions to many of the world’s most-admired brands in the healthcare, personal and beauty care, food, beverage, media and entertainment, and home and garden industries. The company's businesses include Consumer & Office Products, Specialty Chemicals, and the Community Development and Land Management Group, which sustainably manages the company’s land holdings to support its operations, and to provide for conservation, recreation, and development opportunities. With 24,000 employees worldwide, MeadWestvac operates in 30 countries and serves customers in more than 100 nations. The company manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the fourth consecutive year. For more information, visit www.mwv.com.