The board of directors of Weyerhaeuser Company Limited (TSX: WYL) on July 8, 2004, declared a dividend of $0.40 per share on the exchangeable shares of the corporation payable August 30, 2004, to shareholders of record at the close of business July 30, 2004.

  (Photo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
          http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b )

The dividend shall be paid in the Canadian dollar equivalent at the noon spot exchange rate on July 8, 2004, of 1.3163. The Canadian dollar equivalent amount is CDN$0.53.

For more information contact:

Xan McCallum 253-924-3781

Photo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b
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SOURCE: Weyerhaeuser Company Limited

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

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