Wausau Paper: Declares dividend

Investor and Media Contact:
Perry Grueber, 715-692-2056
Director Investor Relations
pgrueber@wausaupaper.com

MOSINEE, Wis.–(BUSINESS WIRE)–Wausau Paper (NYSE:WPP) today announced that its Board of Directors has declared a quarterly dividend of $.085 per share on its common stock.

The dividend is payable February 15, 2008, to stockholders of record at the close of business on February 1.

About Wausau Paper:

Wausau Paper, with record revenues of $1.2 billion in fiscal 2006, produces and markets fine printing and writing papers, technical specialty papers, and “away-from-home” towel and tissue products. To learn more about Wausau Paper visit: http://www.wausaupaper.com.