Weyerhaeuser Company (NYSE: WY) today announced that, as part of its strategic review, it is considering alternatives for its fine paper business. The alternatives range from continuing to hold and operate the assets to a possible sale or other disposition.

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The company said it is in active discussions with several parties, but there is no assurance that these discussions will lead to an agreement or result in a transaction.

"These are excellent assets operated by dedicated and knowledgeable employees who continue to make these mills among the best in the white paper industry," said Steven R. Rogel, chairman, president and chief executive officer. "I appreciate our employees' ongoing efforts to work safely and serve customers while we complete this review."

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2005, sales were $22.6 billion. It has offices or operations in 18 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/.

Media - Bruce Amundson (253) 924-3047

Analysts - Kathryn McAuley (253) 924-2058

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SOURCE: Weyerhaeuser Company

CONTACT: press, Bruce Amundson, +1-253-924-3047, or analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

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