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Schweitzer-Mauduit Expects First Quarter 2008 Earnings, Excluding Restructuring Expenses, to be $(.03) to $.03 Per Share 

Schweitzer-Mauduit International, Inc. (NYSE: SWM) today indicated that net income per share, excluding restructuring expenses, for the first quarter of 2008 will likely be in the range of a net loss of $0.03 to net income of $0.03 compared with first quarter 2007 net income per share of $0.38, excluding restructuring expenses. The decline in net income per share is attributable to a longer than expected start-up of a rebuilt paper machine at SWM's Papeteries de Mauduit paper mill in France which caused lower unit volume and increased manufacturing costs. The earnings comparison also was negatively effected by company-wide inflationary cost increases, unfavorable currency impacts from the U.S. dollar weakening significantly versus the euro and the Brazilian real and increased interest expense from higher debt levels.

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