Weyerhaeuser Company (NYSE: WY) today announced that it intends to sell three wood products mills:

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
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  -- A plywood and lumber complex in Chester, S.C., with the capacity to
     produce 240 million square feet of plywood and 45 million board feet of
     lumber a year.  The complex employs 330 people.
  -- A hardwood plywood mill in Moncure, N.C., with the capacity to produce
     115 million square feet of hardwood plywood for use primarily in the
     production of furniture.  The plant employs 200 people.
  -- A lumber mill in Barnesville, Ga., with the capacity to produce 140
     million board feet of lumber.  The facility employs 80 people.

The company will continue to operate the mills as prospective buyers are sought.

"These are good mills," said William R. Corbin, executive vice president, Wood Products. "However, they do not match Weyerhaeuser's business strategies, and we believe they will have a better strategic value to a new owner."

The intention to sell the mills does not reflect on the efforts of their employees, Corbin said.

"The employees at these three facilities have a strong commitment to safely making these mills run well and meeting customer needs," Corbin said. "Their excellence and records of workplace safety will help demonstrate the mills' viability to prospective new owners."

Weyerhaeuser acquired the Carolina mills when it purchased Willamette Industries in 2001. Barnesville was acquired from Procter & Gamble Co. in 1992.

Weyerhaeuser employs 5,000 people in the Carolinas, where it manages 552,000 acres of forestland and more than 15 operations. In Georgia, the company employs 1,700 in nine facilities and owns 320,000 acres of timberlands.

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2003, sales were $19.9 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. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/ .

   For more information contact:
   Media -- Frank Mendizabal 253-924-3357
   Analysts -- Kathryn McAuley 253-924-2058

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SOURCE: Weyerhaeuser Company

CONTACT: media, Frank Mendizabal, +1-253-924-3357, or analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

Web site: http://www.weyerhaeuser.com/