Press Release

The Directors of IFF declared a regular quarterly cash dividend


New York, N.Y., December 17, 2002 --- The Directors of International Flavors & Fragrances Inc. today declared a regular quarterly cash dividend of 15 cents per share on the common stock of the Corporation, payable January 10, 2003 to shareholders of record December 24, 2002.

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About IFF
IFF is the world's leading creator and manufacturer of flavors and fragrances used in a wide variety of consumer products—from fine fragrances and toiletries, to soaps, detergents and other household products, to beverages and food products. IFF is dedicated to The Pursuit of Excellence in every area of its business, using knowledge, creativity, innovation and technology to continually provide customers with the highest quality products and service and superior consumer understanding.

IFF has sales, manufacturing and creative facilities in 37 countries worldwide and annual sales exceeding $1.8 billion. For more information, please visit our Web site at www.iff.com.