Weyerhaeuser Company (NYSE: WY) announced today the results of its previously announced tender offer for four series of Notes. The offers commenced on Oct. 22, 2004, and expired at 12:00 Midnight New York City time, on Nov. 19, 2004. At settlement (scheduled for today), the Company will pay approximately $754 million in total (including interest) for all Notes purchased. The Company expects to record a pre-tax charge to earnings of approximately $55 million in connection with the offer.

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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 19 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/.

The following table provides the aggregate principal amount tendered and accepted for each series:

                                            Aggregate
                                         Principal Amount
                            CUSIP          Tendered and           Prorate
   Title of Securities      Number           Accepted           Percentage
   6.125% Notes due
    March 15, 2007         962166BM5 /
                           962166BD5       $400,140,000           55.917%
   5.950% Notes due
    November 1, 2008       962166BA1       $225,127,000           46.690%

   5.250% due
    December 15, 2009      962166BS2        $75,046,000           33.150%

Because Weyerhaeuser's Maximum Tender Amount of $700 million was exceeded by tenders of the three series of Notes referenced above on or prior to the Early Tender Date, the Company will not purchase any 6.000% Notes due August 1, 2006 and its tender offer for such Notes has been cancelled in accordance with the terms of the Company's Offer to Purchase.

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 Company

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