Neenah Paper Declares Quarterly Dividend

    ALPHARETTA, Ga., July 21 /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
September 2, 2008 to stockholders of record as of close of business on August
8, 2008.
    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). Based in Alpharetta, Georgia, the company has paper manufacturing
operations in the United States and Germany and approximately 500,000 acres of
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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