Neenah Paper Declares Quarterly Dividend

    ALPHARETTA, Ga., Jan. 24 /CNW/ -- Neenah Paper, Inc. (NYSE:   NP) announced
today that its Board of Directors declared a regular quarterly cash dividend
of $0.10 per share on the company's common stock. The dividend is payable on
March 4, 2008 to stockholders of record as of close of business on February 8,
    About Neenah Paper, Inc.
    Neenah Paper is a leading global manufacturer of premium, performance-
based papers and specialty products used in a variety of applications
including filtration, printing and writing, and as backing and component
materials for many specialized industrial and consumer applications. Products
are marketed under well-known brands such as CLASSIC(R), ENVIRONMENT(R),
STARWHITE(R), Gessner(R), JET-PRO(R) SofStretch(TM) and varitess(R). The
company also produces and sells bleached pulp, primarily for use in the
manufacture of tissue and printing papers. Based in Alpharetta, Georgia, the
company has paper manufacturing operations in the United States and Germany
and a pulp mill and related timberlands in Nova Scotia, Canada. Additional
information about Neenah Paper can be found at the company's web site,

For further information:

For further information: Bill McCarthy, Vice President - Financial 
Analysis and Investor Relations, Neenah Paper, Inc., +1-678-518-3278 Web Site:

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