Press Release

IFF Declares a regular quarterly cash dividend of 15 cents per share

New York, N.Y., December 11, 2001 … 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, 2002 to shareholders of record December 24, 2001.

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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 42 countries worldwide and approximate annual revenues of $1.9 billion. For more information, please visit our Web site at www.iff.com.