Moving Public Folders In a Public Folder Tree
You can move a public folder to a new location in the same public folder tree by cutting and pasting the folder in the left pane of Exchange System Manager. You can also copy the folder or move a group of folders in a folder tree.
Important
You cannot move, copy, or paste a folder from one public folder tree to another.
Moving a public folder in a tree is considered a change to the hierarchy of the tree, and this action differs from placing content replicas of folders on new public folder stores. For more information about configuring content replicas, see "Configuring Replicas" in "Controlling Exchange Server 2003 Public Folder Replication" in Working with the Exchange Server 2003 Store.