The board of directors of Weyerhaeuser Company Limited (TSX: WYL) on Jan. 13, 2005 declared a dividend of 40 cents per share on the exchangeable shares of the corporation payable Feb. 28, 2005 to shareholders of record at the close of business Feb. 4, 2005.

  (Logo: 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 Jan. 13, 2005 of 1.2003. The Canadian dollar equivalent amount is 48 cents.

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/ .

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

Photo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Weyerhaeuser Company

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

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