The executive committee of the board of directors of Weyerhaeuser Company (NYSE: WY) on July 8, 2004, declared a dividend of $0.40 per share on the common stock of the corporation payable August 30, 2004, to shareholders of record at the close of business July 30, 2004.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
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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/ .

CONTACT: Xan McCallum of Weyerhaeuser Company, +1-253-924-3781.

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SOURCE: Weyerhaeuser Company

CONTACT: Xan McCallum of Weyerhaeuser Company, +1-253-924-3781

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