INTERNATIONAL PAPER (IP $32.13, rated Overweight with price target of $50 up from $44) SALE OF TEMPLE INLAND’S BUILDING PRODUCTS BUSINESS AND 3 CONTAINERBOARD MILLS WITH 0.97 M TONNES CAPACITY ESTIMATED FOR THIRD QUARTER 2012; GOOD Q1 VOLUME 2.462 MM TONS 5/6/2012

INTERNATIONAL PAPER (IP $32.13, rated Overweight with price target of $50 up
from $44) SALE OF TEMPLE INLAND’S BUILDING PRODUCTS BUSINESS AND
3 CONTAINERBOARD MILLS WITH 0.97 M TONNES CAPACITY ESTIMATED
FOR THIRD QUARTER 2012; GOOD Q1 VOLUME 2.462 MM TONS 5/6/2012