Weyerhaeuser Company (NYSE: WY) today priced its previously announced public offering of 14.5 million common shares at $59 per share. All of the shares are being sold by Weyerhaeuser. Weyerhaeuser expects to use the net proceeds from the offering to retire a portion of its outstanding debt during the twelve month period following the closing of the offering.

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Underwriters for the offering include Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc., joint book-running managers, as well as Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Banc of America Securities LLC, each a co-managing underwriter. The underwriters have the option to purchase up to an additional 2,175,000 common shares pursuant to an over-allotment option.

Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 1585 Broadway, New York, New York, 10036, or from J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, Floor 5b, New York, New York, 10081.

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.

    For more information contact:
    Media - Bruce Amundson, 253-924-3047
    Analysts - Kathryn McAuley, 253-924-2058

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SOURCE: Weyerhaeuser Company

CONTACT: Media, Bruce Amundson, +1-253-924-3047, or Analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser

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