The executive committee of the board of directors of the Weyerhaeuser Company (NYSE: WY) today declared a dividend of 50 cents per share on the common stock of the corporation payable May 31, 2005 to shareholders of record at the close of business May 6, 2005.

This is an increase of 25 percent from the first quarter dividend of 40 cents per share.

"This action reflects the board's confidence in the company's financial strength," said Steven R. Rogel, chairman, president and chief executive officer. "It also demonstrates the commitment we made to shareholders that we would capitalize on opportunities to enhance shareholder value after reducing our debt following the Willamette acquisition."

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2004, sales were $22.7 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/ .

  CONTACT:
   Media, Bruce Amundson, +1-253-924-3047
   Analysts, Kathryn McAuley, +1-253-924-2058

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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/