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Bemis Declares Regular Quarterly Dividend; Approves Stock Repurchase Program For Additional Five Million Shares

NEENAH, WISCONSIN, August 2, 2007 – Bemis Company, Inc. (NYSE: BMS) announced today that its Board of Directors has declared a regular quarterly cash dividend of 21 cents per share.   The dividend is payable September 4, 2007, to shareholders of record at the close of business on August 17, 2007.  

In addition, the Board authorized the repurchase of five million shares of Bemis Company stock, supplementing the current buyback authorization, which will be substantially exhausted by the accelerated share repurchase transaction entered into on July 31, 2007.  This approval enables Bemis to use a portion of its free cash flow to repurchase shares from time to time, based on market conditions.  The shares may be purchased in open market or privately negotiated transactions.

"Bemis has a long history of returning value to shareholders through a combination of share repurchases and dividends," said Jeff Curler, Bemis Company Chairman and Chief Executive Officer.  "We have paid annual dividends since 1922 and have increased our dividend to shareholders for each of the last 24 years.  Today's Board authorization of the repurchase of five million additional shares of Bemis common stock demonstrates our confidence in the ability of this business to generate strong future cash flows and to reach our long-term goals for earnings growth."

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Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide.  Founded in 1858, the Company reported 2006 net sales of $3.6 billion.  The Company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing and converting. The Company's pressure sensitive materials business specializes in adhesive technologies.  Headquartered in Neenah, Wisconsin, Bemis employs about 15,700 individuals in 55 manufacturing facilities in 10 countries around the world.  More information about the Company is available at our website, http://www.bemis.com/.