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Difficult Markets Prompt Weyerhaeuser Downtime on the B.C. Coast

VANCOUVER, British Columbia
Jun 24, 2003

Weyerhaeuser Company Limited today announced that five Crown timberlands operations and five sawmills, all on the coast of British Columbia, will take periods of downtime in July as a result of poor market conditions.

"We kept our mills and timberlands working as long as possible, but difficult markets are forcing us to take this action to balance production with demand," said Craig Neeser, Weyerhaeuser's vice-president for British Columbia. "The factors working against our coastal operations, include weak market demand, falling prices resulting from a general oversupply of lumber, high costs associated with operating on the B.C. Coast, softwood duties, and a rapidly rising Canadian dollar."

All five of Weyerhaeuser's Crown timberlands operations on the coast, including West Island, North Island, Stillwater, Port McNeill, and Queen Charlotte Islands, will be down for the month of July. On the mill side, Somass and Island Phoenix Division will be down for four weeks, Alberni Pacific Division for three weeks, New Westminster for two weeks and Chemainus for one week.

Weyerhaeuser Company (NYSE: WY), one of the world's largest integrated forest products companies, was incorporated in 1900. In 2002, sales were Cdn$29.1 billion (US$18.5 billion). It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Weyerhaeuser Company Limited, a wholly owned subsidiary, has Exchangeable Shares listed on the Toronto Stock Exchange under the symbol WYL. Additional information about Weyerhaeuser's businesses, products and practices is available at .

CONTACT: Sarah Goodman of Weyerhaeuser Company Limited, +1-604-661-8408.

SOURCE: Weyerhaeuser Company Limited

CONTACT: Sarah Goodman of Weyerhaeuser Company Limited, +1-604-661-8408

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