Weyerhaeuser Company Limited and Brascan Corporation will hold a news conference today to discuss the sale of Weyerhaeuser's BC Coastal Group to Brascan.

In attendance will be Sandy McDade, President of Weyerhaeuser Company Limited, Sam Pollock, Managing Partner and President of Brascan Investments and Reid Carter, Managing Partner of Brascan Timberlands Asset Management.

Media are invited to attend the news conference or join it by teleconference.

   DETAILS OF THE NEWS CONFERENCE:
   DATE:  Friday, February 18, 2005
   TIME:  9:30 am Pacific Standard Time
          12:30 pm Eastern Standard Time
   LOCATION:  Vancouver Convention & Exhibition Centre
              Room 7, Meeting Room Level
              999 Canada Place
   TELECONFERENCE:  To participate in the teleconference please dial:
                    1-888-359-6744
                    Request news conference #R100958
                    Please dial in at 9:20 am PST (12:20 pm EST) to register

   For more information:
   Sarah Goodman             Katherine Vyse
   Weyerhaeuser              Brascan
   Tel:  604-661-8408        Tel:  416-369-8246

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

PRNewswire -- Feb.18

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 Limited

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