International Paper Declares Dividend

Memphis, Tennessee, USA, 11 July 2006 -- /PRNewswire-FirstCall/ -- International Paper (NYSE:IP) today announced a regular quarterly dividend on the common stock of the company of USD 0.25 per share for the period of 01 July 2006 to 30 September 2006, inclusive. The dividend is payable on 15 September 2006, to holders of record at the close of business on 18 August 2006.

The company also declared a regular quarterly dividend of USD 1 per share for the period of 01 July 2006 to 30 September 30 2006, inclusive, on the preferred stock of the company, payable on 15 September 2006, to holders of record at the close of business on 18 August 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 http://www.internationalpaper.com/.