ALPHARETTA, GA - September 24, 2007 - Neenah Paper announces that its six flagship CLASSIC CREST&reg, CLASSIC&reg Linen, CLASSIC&reg Laid, CLASSIC COLUMNS&reg, CLASSIC COTTON&reg and STARWHITE&reg Brands are now manufactured Carbon Neutral.

That means the company has reduced its carbon footprint - or net greenhouse gas emissions - associated with the manufacturing of these premium uncoated brands.

"Neenah is reinforcing its commitment to reducing climate change," says Greg Maze, Senior Brand Manager for Neenah Paper. "Manufacturing Carbon Neutral is part of a growing movement among corporations that are working to reduce greenhouse gases. By doing so, we are also responding to needs of the business world and helping our customers to reduce their own carbon footprint."

Neenah has achieved Carbon Neutrality through net reductions in greenhouse gas emissions. These methods include but are not limited to the use of Green-e certified renewable energy and other renewable energy sources, and the implementation of energy saving upgrades. For example, Neenah has reengineered its process water treatment system at its Neenah, Wis., mill to operate at significantly reduced noise levels and increased treatment efficiency while at the same time consuming less energy.

Green-e certified renewable energy comes from clean, environmentally preferable sources such as wind, solar, low-impact hydro and biomass. This renewable power replaces energy produced by traditional fossil fuels.

Since first purchasing over 10 million kWh of Green-e certified renewable energy from Wisconsin's We Energies in August 2006, Neenah Paper has more than quadrupled its commitment to 48.7 million kWh. Through this purchase, Neenah is helping the utility build more renewable energy resources and grow its program.

Neenah committed to tracking, reporting and reducing carbon dioxide emissions upon joining the Chicago Climate Exchange (CCX&reg). CCX is the world's first and North America's only voluntary but legally binding greenhouse gas emissions reduction, registry and trading program. It is also the second largest trading system worldwide.

About Chicago Climate Exchange, Inc.

CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX is the world's first and North America's only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world's only global system for emissions trading based on all six greenhouse gases. CCX members are leaders in greenhouse gas management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions in North America being achieved through a legally binding compliance regime, providing independent third party verification provided by NASD and price transparency. The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time magazine for his founding of CCX. For a full list of CCX members, daily prices and other Exchange information, see www.chicagoclimateexchange.com.

CCX, a US corporation, launched its trading platform in 2003. In 2005, CCX launched the European Climate Exchange (ECX), now the leading exchange operating in the European Union Emissions Trading Scheme. Since 2006, both CCX and ECX have been owned by Climate Exchange Plc, a publicly traded company listed on the AIM of the London Stock Exchange.

Neenah Paper

Neenah Paper

For over 100 years, Neenah Paper (NYSE: NP) has been an innovative leader in the creation and manufacturing of premium and specialty papers. Neenah brings state-of-the-art technology to its signature brands, CLASSIC®, ENVIRONMENT®, STARWHITE®, NEENAH® and SUNDANCE®, as well as a host of other fine paper products preferred by graphic designers and printers. Neenah also has an exclusive partnership agreement with Crane & Company to manufacture, market and distribute Crane's fine business paper brands: CRANE'S CREST®, CRANE'S BOND®, CRANE'S LETTRA®, CRANE'S PALETTE™ and CRANE'S® Choice Papers. Neenah's award-winning and versatile digital papers round out its comprehensive portfolio. Neenah's sustainability commitment is reflected through the Neenah Green initiative, which includes mill-based solutions for minimizing environmental impact. A proud consumer of Green Energy, Neenah Paper is also a U.S. EPA Green Power Partner, and manufactures many brands carrying the Green-e, Green Seal and Forest Stewardship Council (FSC) certifications (SW-COC-000885). For more information, visit www.neenahpaper.com or call (800) 558-5061.

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