RICHMOND, Virginia—April 28, 2008—MeadWestvaco Corporation’s (NYSE: MWV) Board of Directors today declared a regular quarterly dividend of $0.23 cents per common share. The payment of the dividend will be made on June 2, 2008, to shareholders of record at the close of business on May 8, 2008.

About MWV

MeadWestvaco Corporation (NYSE: MWV) provides packaging solutions to many of the world’s most-admired brands in the food and beverage, media and entertainment, cosmetics and personal care, home and garden, and healthcare and pharmaceutical industries. The company has market-leading positions in its Consumer & Office Products and Specialty Chemicals businesses, and operates in more than 30 countries. MWV manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the fourth consecutive year. For more information, please visit us at www.meadwestvaco.com.

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