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Weyerhaeuser Settles Containerboard Antitrust Cases; Will Take 10 Cents per Share Charge in Fourth Quarter

Dec 27, 2005

Weyerhaeuser Company (NYSE: WY) today announced it has reached agreements to settle all the remaining "opt out" cases in the linerboard antitrust litigation except for one plaintiff who had purchased small amounts of corrugated containers from Weyerhaeuser.

Weyerhaeuser said the settlements will result in an after-tax charge of $25 million, or 10 cents per share, in the fourth quarter.


"Although these lawsuits were without merit, we determined that settling them was in the best interests of our shareholders given the complexity, time and cost of litigation, and uncertainty of court proceedings," said Claire S. Grace, secretary and acting general counsel.

In 2003, Weyerhaeuser settled the class action portion of two civil antitrust lawsuits filed in May 1999 against several major containerboard and packaging producers. The current settlements deal with cases brought by customers who elected to "opt out" of the class and pursued litigation on their own. The complaints alleged that Weyerhaeuser and other companies conspired to fix or manipulate the price of linerboard and thereby the prices of corrugated sheets and corrugated containers which are made from linerboard.

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 .

  For more information contact:
  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

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