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Weyerhaeuser Announces Expiration and Results of Its Any and All Tender Offers

PRNewswire-FirstCall
FEDERAL WAY, Wash.
May 17, 2007

Weyerhaeuser Company (NYSE: WY) announced the expiration of its Any and All Offers. According to information provided by Global Bondholder Services Corporation, the depositary for the tender offers, the following table summarizes the aggregate principal amount of debentures validly tendered and not validly withdrawn at or before 5:00 p.m. New York City time on May 16, 2007, the expiration of the Any and All Offers. Weyerhaeuser has accepted for payment all debentures validly tendered and not validly withdrawn in the Any and All Offers and expects that the applicable payment for the debentures purchased pursuant to the Any and All Offers will be made by the depositary in same-day funds on May 17, 2007.

                                                             Percentage
                              Principal       Principal    of Outstanding
                               Amount          Amount          Amount
  Title of Security          Outstanding      Tendered        Tendered

  7.25% Debentures due
   July 1, 2013              $250,000,000    $121,474,000       48.59%

  7.00% Debentures due
   February 1, 2018          $100,000,000     $37,658,000       37.66%

  7.125% Debentures due
   July 15, 2023             $250,000,000     $58,911,000       23.56%

  7.35% Debentures due
   July 1, 2026              $149,786,000     $87,474,000       58.40%


J.P. Morgan Securities Inc. and Banc of America Securities LLC are the dealer managers for the offers. Morgan Stanley & Co. Inc. and Citigroup Global Markets, Inc. are the co-dealer managers for the offers. Global Bondholder Services Corporation is the Depositary and Information Agent. This news release is neither an offer to purchase nor a solicitation of an offer to sell the securities. The offers are made only by the Offer to Purchase, and the information in this news release is qualified by reference to the Offer to Purchase. Persons with questions regarding the offers should contact J.P. Morgan Securities Inc. toll free at (866) 834-4666 or collect at (212) 834-4077, Attn. Liability Management Group or Banc of America Securities LLC toll free at (866) 475-9886 or collect at (704) 388-4603, Attn. Liability Management Group. Requests for documents should be directed to Global Bondholder Services Corporation toll free at (866) 804-2200 or collect at (212) 430-3774.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2006, sales were $21.9 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 www.weyerhaeuser.com.

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 Analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

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

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