Weyerhaeuser Company (NYSE: WY) and Coast Mountain Hardwoods, Inc. today announced an agreement to settle a lawsuit filed in U.S. District Court in Portland, Ore. Under the terms of the agreement, Weyerhaeuser will pay $14 million before taxes in a settlement of all claims with no admission of liability.

The plaintiffs originally sought more than $820 million, but revised their filing to seek approximately $420 million -- $90 million after trebling for attempted monopolization of alder sawlog and finished lumber markets, and $330 million for alleged fraud.

Weyerhaeuser said the settlement will result in an after-tax charge of about $9 million, or 4 cents per share, in the first quarter. The company is a defendant in another antitrust case relating to alder filed in U.S. District Court in Portland, Ore., that is scheduled to go to trial on May 11.

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 - Bruce Amundson, +1-253-924-3047
   Analysts - Kathryn McAuley, +1-253-924-2058

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SOURCE: Weyerhaeuser Company

CONTACT: press, Bruce Amundson, +1-253-924-3047, or analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

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