MeadWestvaco Corporation Prices Offering of Notes

RICHMOND, Va.--(Business Wire)--
MeadWestvaco Corporation (NYSE: MWV) today announced that it has priced an
offering of $250 million aggregate principal amount of 7.375% Notes due 2019
(the "Notes"). The offering is expected to close on Monday, August 24, 2009,
subject to customary closing conditions.

MWV intends to apply all or a portion of the net proceeds from the Notes
offering toward the payment of the purchase price in a tender offer, which it
announced today, for up to $250 million in aggregate principal amount of its
6.85% Notes due 2012 and for general corporate purposes.

BofA Merrill Lynch, Barclays Capital, Citi and UBS Investment Bank are acting as
joint book-running managers for the Notes offering. Copies of the prospectus
supplement and accompanying prospectus describing the offering may be obtained
by visiting EDGAR on the SEC`s web site at www.sec.gov or by contacting BofA
Merrill Lynch at 100 West 33rd Street, 3rd Floor, New York, New York 10001
(1-800-294-1322); Barclays Capital, c/o Broadridge Integrated Distribution
Services, 1155 Long Island Avenue, Edgewood, New York 11717 (1-888-603-5847);
Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army
Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 (1-877-858-5407);
or UBS Securities LLC at 299 Park Avenue, New York, New York 10171, Attn:
Prospectus Specialist (1-877-827-6444, ext. 561-3884).

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any Notes nor shall there be any sale of Notes in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. The Notes offering is being made only by means of the prospectus
supplement and accompanying prospectus.

About MWV

MeadWestvaco Corporation (NYSE: MWV), provides packaging solutions to many of
the world`s most-admired brands in the healthcare, beauty and personal care,
food, beverage, media and entertainment, home and garden, tobacco, and
commercial print industries. The company's businesses also include Consumer &
Office Products, Specialty Chemicals, and the Community Development and Land
Management Group, which sustainably manages the company`s land holdings to
support its operations, and to provide for conservation, recreation and
development opportunities. With 21,000 employees worldwide, MWV operates in 30
countries and serves customers in more than 100 nations. MWV manages all of its
forestlands in accordance with internationally recognized forest certification
standards, and has been named to the Dow Jones Sustainability World Index for
the fifth consecutive year. For more information, please visit www.mwv.com.

Forward-looking Statements

Certain statements in this document and elsewhere by management of the company
that are neither reported financial results nor other historical information are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such information includes, without limitation,
the business outlook, assessment of market conditions, anticipated financial and
operating results, strategies, future plans, contingencies and contemplated
transactions of the company. Such forward-looking statements are not guarantees
of future performance and are subject to known and unknown risks, uncertainties
and other factors which may cause or contribute to actual results of company
operations, or the performance or achievements of each company, or industry
results, to differ materially from those expressed or implied by the
forward-looking statements. In addition to any such risks, uncertainties and
other factors discussed elsewhere herein, risks, uncertainties, and other
factors that could cause or contribute to actual results differing materially
from those expressed or implied for the forward-looking statements include, but
are not limited to, events or circumstances which affect the ability of
MeadWestvaco to realize improvements in operating earnings from the company`s
ongoing cost reduction initiatives; the ability of MeadWestvaco to close
announced and pending transactions, including divestitures; the reorganization
of the company`s packaging business units; competitive pricing for the company`s
products; impact from inflation on raw materials, energy and other costs;
fluctuations in demand and changes in production capacities; relative growth or
decline in the United States and international economies; government policies
and regulations, including, but not limited to those affecting the environment,
climate change, tax policies and the tobacco industry; the company`s continued
ability to reach agreement with its unionized employees on collective bargaining
agreements; the company`s ability to execute its plans to divest or otherwise
realize the greater value associated with its land holdings; adverse results in
current or future litigation; currency movements; volatility and further
deterioration of the capital markets; and other risk factors discussed in the
company`s Annual Report on Form 10-K for the year ended December 31, 2008,
Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009, and
in other filings made from time to time with the SEC. MeadWestvaco undertakes no
obligation to publicly update any forward-looking statement, whether as a result
of new information, future events or otherwise. Investors are advised, however,
to consult any further disclosures made on related subjects in the company`s
reports filed with the SEC.

MeadWestvaco Corporation
Media Contact
Alison von Puschendorf
+1 804-327-7284
mediainquiries@mwv.com
or
Investor Relations
Jason Thompson
+1 804-201-2556

Copyright Business Wire 2009