IP » Topics » Other Assets and Forestlands

This excerpt taken from the IP 8-K filed Apr 4, 2006.

Other Assets and Forestlands

International Paper is still exploring the sale of approximately 300,000 acres, principally in New York. IP’s remaining acreage, approximately 830,000 acres primarily in the South, will be retained by the company and some may be later sold to maximize the value of the land.

The table below reconciles announced and potential land sales and retained acreage against IP’s total forestland ownership as of Dec. 31, 2005.

 

     Acres (000s)    Estimated
Value* (MMs)

Announced Land Sales

     

The Nature Conservancy, The Conservation Fund (Southern U.S.)

   218      300

The Nature Conservancy (Wisconsin)

   69      83

Resource Management Service

     

Southern U.S.

   3,770      5,000

Michigan

   440   

TimberStar (Louisiana, Texas, Arkansas)

   900      1,100
           

Total Announced Land Sales

   5,397    $ 6,483
           

Acreage Remaining to Be Sold

   300   
       

Total Near-Term Sales Expected

   5,697   
       

Acreage Retained by IP

     

Acreage Retained by IP (12/31/05)

   700   

Facilities Land, Expiring Leases

   130   
       

Total Acreage Retained by IP

   830   
       

Total IP Land Ownership (12/31/05)

   6,527   

 

* subject to adjustments prior to closing
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