Smurfit-Stone Receives Delisting Notice From Nasdaq

    CREVE COEUR, Mo. and CHICAGO, Jan. 28 /CNW/ -- Smurfit-Stone Container
Corporation (Nasdaq:   SSCC) today announced that it received a "Staff
Determination" notification from Nasdaq that its equity securities will be
delisted from The Nasdaq Stock Market.  The decision was based upon Nasdaq's
Marketplace Rules 4300, 4450(f) and IM-4300, and was made after reviewing the
company's press release that it had filed for protection under Chapter 11 of
the U.S. Bankruptcy Code and other publicly available information.  Trading of
the company's common stock and 7% Series A Cumulative Exchangeable Redeemable
Convertible Preferred Stock will be suspended at the opening of business on
February 4, 2009.  Nasdaq will file a Form 25-NSE with the Securities and
Exchange Commission, which will remove the securities from listing and
registration.  The Company does not plan to appeal the Staff Determination. 
These securities will not be immediately eligible to trade on the OTC Bulletin
Board or in the "Pink Sheets," but may become eligible if a market maker makes
application to register in and quote the securities in accordance with
Securities and Exchange Commission Rule 15c2-11, and such application is


    Smurfit-Stone Container Corporation is one of the industry's leading
integrated containerboard and corrugated packaging producers and is one of the
world's largest paper recyclers. The company is a member of the Sustainable
Forestry Initiative(R), and the Chicago Climate Exchange. Smurfit-Stone
generated revenue of $7.4 billion in 2007, has led the industry in safety
every year since 2001, and conducts its business in compliance with the
environmental, health, and safety principles of the American Forest & Paper


For further information:

For further information: Sue Neumann, +1-314-656-5691, or John Haudrich,
+1-314-656-5375, both for Smurfit-Stone Container Corporation Web Site:

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