STAMFORD, Conn., Feb. 8 /PRNewswire-FirstCall/ -- International Paper (NYSE: IP) today announced a regular quarterly dividend of $0.25 per share for the period of Jan. 1, to March 31, 2005, inclusive. The dividend on the common stock of the company is payable on March 15, 2005, to holders of record at the close of business on Feb. 18, 2005.

(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 of Jan. 1, to March 31, 2005, inclusive, on the preferred stock of the company, payable on March 15, 2005, to holders of record at the close of business on Feb. 18, 2005.

In addition, the company announced the regular distribution on convertible preferred securities interest in International Paper Capital Trust, paid at an annual rate of 5-1/4 percent per convertible preferred security for the period Jan. 1, to March 31, 2005. The distribution is payable March 15, 2005, for holders of record at the close of business on Feb. 18, 2005.

International Paper (http://www.internationalpaper.com) is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As one of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative(R) (SFI) program, a system that ensures the perpetual planting, growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality. Headquartered in the United States, International Paper has operations in over 40 countries and sells its products in more than 120 nations.

SOURCE International Paper
02/08/2005

CONTACT: Media: Jenny Boardman, +1-203-541-8407; Investors: Darial Sneed, +1-203-541-8541, or Brian Turcotte, +1-203-541-8632

Web site: http://www.internationalpaper.com
(IP)