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Weyerhaeuser Company Limited Declares Dividend

Jan 10, 2008

FEDERAL WAY, Wash., January 10, 2008 The board of directors of Weyerhaeuser Company Limited (TSX: WYL) on Jan. 10, declared a dividend of U.S. 60 cents per share on the exchangeable shares of the corporation payable Feb. 25 to shareholders of record at the close of business Feb. 1.

The dividend shall be paid in the Canadian dollar equivalent at the noon spot exchange rate on Jan. 10, 2008, of 1.0139 the Canadian dollar equivalent amount is CDN 61 cents.

Weyerhaeuser Company (NYSE: WY), one of the world's largest forest products companies, was incorporated in 1900. In 2006, sales were $24.8 billion ($21.9 billion US). 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. Weyerhaeuser Company Limited, a wholly owned subsidiary, has Exchangeable Shares listed on the Toronto Stock Exchange under the symbol WYL. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.

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