MeadWestvaco to Locate Headquarters in Richmond, Virginia

Richmond, Virginia, USA 09 November 2006 – MeadWestvaco Corporation (NYSE: MWV) today announced it will establish its corporate headquarters facility in downtown Richmond, Virginia. The new headquarters will be part of a long-term development project named Foundry Park, and will be located on the riverfront site between 5th Street and 7th Street. Construction of the new headquarters will begin in 2007 and is expected to be completed around mid-2009.

"The downtown riverfront is the ideal place for MeadWestvaco to grow our business and contribute to Richmond's vibrant community," said John A. Luke, Jr., chairman and chief executive officer. "Establishing our headquarters at the Foundry Park site provides employees convenient access to their workplace and puts our company in the heart of everything Richmond's energetic downtown area has to offer."

MeadWestvaco is a global packaging company that delivers high-value packaging solutions and products to the world's most recognized companies in the food and beverage, media and entertainment, personal care, home and garden, cosmetic and healthcare industries. The company also has market-leading positions in its Consumer & Office Products, Specialty Chemicals, and Specialty Papers businesses. MeadWestvaco, with operations in more than 29 countries, has been selected for the Dow Jones Sustainability Indexes, and manages all of its forestlands in accordance with internationally recognized forest certification standards. For more information, please visit www.meadwestvaco.com.