Corporate Profile

International Paper Company is a global paper and packaging company that is complemented by an extensive North American merchant distribution system, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. As of Dec. 31, 2007, we had approximately 51,500 employees, 33,100 of whom were located in the United States.

International Paper had sales in 2007 of $22 billion and for 2007 is ranked No. 93 among Fortune 500 companies. In 2007 the company was also named No. 1 in the forest products sector for the fifth consecutive year on Fortune magazine's Most Admired Companies list. Its stock is traded internationally on the New York, Swiss and Amsterdam exchanges.

International Paper supports communities where its employees live and work. The International Paper Foundation has awarded grants of more than $50 million since 1995. The company has the greatest number of facilities certified or recommended for certification in OSHA's Voluntary Protection Program, the U.S. government's elite safety program. International Paper is committed to environmental stewardship and is engaged in partnerships with the U.S. Environmental Protection Agency, state agencies and non-governmental organizations.

International Paper has a long-standing policy of using no wood from endangered forests. International Paper supports mutual recognition of forest certification standards. We have encouraged the adoption of CERFLOR, the SFI Standard and other systems recognized by the global Programme for the Endorsement of Forest Certification (PEFC) council. The PEFC-endorsed systems around the globe, including the SFI program, now account for an area larger than the combined forest area of all 25 member countries of the European Union.

Facilities
As of Dec. 31, 2007, International Paper operated 16 pulp, paper and packaging mills, 85 converting and packaging plants and 4 wood products facilities in the United States. We also operated seven pulp, paper and packaging mill and 46 converting and packaging plants in Europe, Asia, Latin America and South America. We distribute printing, packaging, graphic arts, maintenance and industrial products through more than 273 distribution branches located primarily in the United States. At year-end we owned or managed approximately 300,000 acres of forestlands in the United States, approximately 250,000 acres in Brazil and had, through licenses and forest management agreements, harvesting rights on government-owned forestlands in Russia.