MEMPHIS, Tenn. (News release) -- International Paper announced a change in the format of its annual meeting of shareowners for 2020 (the "Annual Meeting") from a hybrid meeting to a virtual-only meeting via the filing of additional proxy materials with the U.S. Securities and Exchange Commission. The Board of Directors of the Company has determined that, in order to protect the health and safety of its shareowners, employees, directors and communities amidst the COVID-19 pandemic, the Company will hold its Annual Meeting in a virtual meeting format only, via live webcast. As such, shareowners will not be able to attend the Annual Meeting in person.

Virtual meeting date: Monday, May 11, 2020
Virtual meeting time: 11:00 a.m. (CDT)
Virtual meeting link: www.virtualshareholdermeeting.com/IP2020

Shareowners of record, as of the close of business on March 12, 2020, the record date, and holders of shares in "street name" on such date, may attend and vote their shares at the Annual Meeting, and ask questions during the Annual Meeting, by entering the control number found on their proxy card, voting instruction form or notice they previously received.

Whether or not they plan to attend the Annual Meeting, the Company urges its shareowners to vote and submit their proxy in advance of the Annual Meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote in connection with the Annual Meeting.