Chesapeake Corporation

Richmond, Virginia, USA, 26 March 2007 -– Chesapeake Corporation (NYSE: CSK) today announced that its 2006 Annual Report is now available on the company's website at www.cskcorp.com in the investor relations section.

The annual report reviews Chesapeake's 2006 performance and provides an update on progress made on the company's global cost savings program. The cover of the report features pharmaceutical packaging that incorporates braille to assist the vision impaired in identifying and correctly using their drugs. Chesapeake is at the forefront of packaging that requires Braille and is well equipped to respond to pharmaceutical customers and market demands around the globe.

"While our 2006 financial results reflect continued challenging market conditions, we made significant progress last year toward laying the foundation for future improvements in our core businesses," said Andrew J. Kohut, Chesapeake president & chief executive officer. "During 2007, we will continue to evaluate and implement additional cost savings initiatives to reach, and eventually surpass, our goal of USD 25 million in annualized pre-tax savings."

The company's Form 10-K for the fiscal year ended on 31 December 2006, is included within the annual report. Chesapeake has mailed its 2006 annual report and proxy statement to its shareholders in preparation of its annual meeting to be held 25 April 2007 at 9:30 a.m. in the SunTrust Bank, Piedmont Room, 4th Floor, 919 East Main Street, Richmond, Virginia.

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 more than 46 locations in Europe, North America, Africa, and Asia and employs approximately 5550 people worldwide. The company's website address is www.cskcorp.com.