International Paper Declares Dividends

MEMPHIS, Tenn., July 14 /PRNewswire-FirstCall/ -- International Paper (NYSE:
IP) today declared a regular quarterly dividend of $0.025 per share for the
period from July 1, 2009 to Sept. 30, 2009, inclusive, on its common stock,
par value $1. This dividend is payable on Sept. 15, 2009, to holders of record
at the close of business on Aug. 17, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO )

The company also declared a regular quarterly dividend of $1 per share for the
period from July 1, 2009, to Sept. 30, 2009, inclusive, on the cumulative $4
preferred stock of the company. This dividend is also payable on Sept. 15,
2009, to holders of record at the close of business on Aug. 17, 2009.

International Paper (NYSE: IP) is a global paper and packaging company with
manufacturing operations in North America, Europe, Latin America, Russia, Asia
and North Africa. Its businesses include uncoated papers and industrial and
consumer packaging, complemented by xpedx, the company's North American
distribution company. Headquartered in Memphis, Tenn., the company employs
more than 61,500 people in more than 20 countries and serves customers
worldwide. 2008 net sales were approximately $25 billion. For more information
about International Paper, its products and stewardship efforts, visit
internationalpaper.com.

SOURCE International Paper

Media: Kathleen Bark, +1-901-419-4333; or Investors: Thomas A. Cleves,
+1-901-419-7566 or Emily Nix, +1-901-419-4987