International Paper Relocates Global Headquarters to Memphis, Tennessee

Memphis, Tennessee, USA, 30 June 2006 -- /PRNewswire/ -- International Paper (NYSE: IP) today announced it has relocated its global headquarters to Memphis, Tennessee, from Stamford, Connecticut, effective 01 July. The company first announced plans to relocate in August 2005.

International Paper's global headquarters are located at International Place, 6400 Poplar Ave., Memphis, Tennessee 38197. The company employs approximately 3000 people in Memphis.

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.