Chesapeake Corporation Foundation Announces Scholarship Winners.

Business Editors

RICHMOND, Va.--(BUSINESS WIRE)--May 26, 2000

Chesapeake Corporation (NYSE: CSK) has announced the winners of the 2000 Chesapeake Employees' Children Scholarship program for graduating high school seniors. The winners were selected by the Scholarship and Recognition Programs, an activity of the College Entrance Examination Board. The recipients will be eligible to receive up to $3,500 per year for up to four years of undergraduate study at a four-year college or university.

The Chesapeake Corporation Foundation scholarship program is available to children of employees of Chesapeake and its wholly-owned subsidiaries. Scholarship recipients must make normal academic progress from year to year and must remain in good academic standing at the college attended.

All phases of the scholarship competition, including the selection of winners, are handled on a competitive basis by the Scholarship and Recognition Programs. All members of the Scholarship Selection Committee are independent and separate from Chesapeake and the Foundation. Operational services are provided by Educational Testing Services of Princeton, N.J.

The 2000 winners are:

-- Jilleon B. Formanczyk, daughter of Leon E. Formanczyk, an employee of Chesapeake Display & Packaging Company in Winston Salem, N.C. She graduated from East Surry High School in May and plans to attend the University of North Carolina at Chapel Hill.

-- Jonathan A. Huff, son of William A. Huff, an employee of Chesapeake Display & Packaging Company in Pelahatchie, Miss. He will graduate from Forest High School in May. He has deferred a decision on attending a four-year college or university.

-- Kimberly R. Jessup, daughter of Thomas J. Jessup, Jr., an employee of Chesapeake Packaging Company in Madison, Ohio. She will graduate from Geneva High School in June and plans to attend Ohio's Kent State University.

-- Sandra A. Kipp, daughter of Michael K. Kipp, an employee of Chesapeake Display & Packaging Company in Visalia, Calif. She will graduate from Hanford High School in June and plans to attend California State University in Fresno.

-- Eric D. Riggs, son of Marlene Smith, an employee of Chesapeake Display & Packaging Company in Sharonville, Ohio. He will graduate from Loveland High School in May and plans to attend Miami University in Oxford, Ohio.

Chesapeake Corporation, headquartered in Richmond, Va., is a global leader in specialty packaging and merchandising services. Chesapeake is the largest North American producer of temporary and permanent point-of-purchase displays, the leading European folding carton, leaflet and label supplier, and a local leader in specific U.S. markets for customized, corrugated packaging. Chesapeake has over 70 locations in North America, Europe, Africa and Asia. Chesapeake's net sales in 1999 were $1.2 billion. Chesapeake's website is http://www.cskcorp.com .