IP delares Q2 dividends of US$0.35/share of common stock and of US$1/share on cumulative US$4 preferred stock, both payable on June 16 to holders of record at close of business May 23

MEMPHIS, Tennessee , May 13, 2014 (press release) – International Paper (NYSE: IP) today declared a quarterly dividend of $0.35 per share for the period from April 1, 2014, to June 30, 2014, inclusive, on its common stock, par value $1.00. This dividend is payable on June 16, 2014, to holders of record at the close of business on May 23, 2014.

Today the company also declared a regular quarterly dividend of $1.00 per share for the period from April 1, 2014, to June 30, 2014, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on June 16, 2014, to holders of record at the close of business on May 23, 2014.

About International Paper

International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were $29 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

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