Memphis, Tennessee, USA, 10 November 2008 -- /PRNewswire/ -- 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 because of extremely low trading volumes on these exchanges.

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 because 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.

International Paper 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, Tennessee, the company employs more than 65,000 people in more than 20 countries and serves customers worldwide. Net sales for 2007 were approximately USD 22 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.