INTERNATIONAL PAPER (IP $42.35 rated Overweight with $47 price target maintained) HIGHER LONG TERM CONTAINERBOARD PRICING AND MARGINS MOSTLY OFFSET BY LOWER PRICES FOR PRINTING PAPERS, CONSUMER PACKAGING AND EMPLOYEE BENEFITS 2/1/2013

INTERNATIONAL PAPER (IP $42.35 rated Overweight with $47 price target
maintained) HIGHER LONG TERM CONTAINERBOARD PRICING AND MARGINS
MOSTLY OFFSET BY LOWER PRICES FOR PRINTING PAPERS, CONSUMER
PACKAGING AND EMPLOYEE BENEFITS 2/1/2013