MEMPHIS, Tenn., Nov. 10 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) today announced that it has initiated the process of voluntarily delisting the company's common stock from the Euronext Amsterdam and Swiss stock exchanges due to extremely low trading volumes on these exchanges.

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

International Paper's shares will remain listed on the New York stock exchange, the leading stock exchange in the world. The delistings will not cause an inconvenience to the Company's shareholders and investors due to the fact that international investors can easily trade shares on the New York stock exchange.

International Paper expects to complete the delistings during the first quarter of 2009.

About International Paper

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 65,000 people in more than 20 countries and serves customers worldwide. 2007 net sales were approximately $22 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

CONTACT: Media
Patty Neuhoff, +1-901-419-4052
Investors
Tom Cleves, +1-901-419-7566
or
Emily Nix, +1-901-419-4987
all of International Paper

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