International Paper Declares Dividends

Memphis, Tennessee, USA, 10 October 2006 -- /PRNewswire/ -- International Paper (NYSE:IP) today declared a regular quarterly dividend of USD 0.25 per share for the period from 01 October 2006, to 31 December 2006, inclusive on its common stock. This dividend is payable on 15 December 2006, to holders of record at the close of business on 17 November 2006.

Today the company also declared a regular quarterly dividend of USD 1 per share for the period from 01 October 2006, to 31 December 2006, inclusive, on its preferred stock. This dividend is also payable on 15 December 2006, to holders of record at the close of business on 17 November 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.

Source: International Paper