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Weyerhaeuser Pledges Building Materials for Haiti Rebuilding Effort

Jan 28, 2010

FEDERAL WAY, Wash., January 28, 2010 Weyerhaeuser Company (NYSE: WY) today announced an initial pledge of up to $250,000 in building materials to aid in rebuilding Haiti.

"As this devastating tragedy has shown, Haiti must not only be rebuilt, but it must also be rebuilt safely to prevent future tragedies of this type," says Dan Fulton, president and chief executive officer. "As a leader in the building materials industry, we can do our part to help achieve a safer Haiti as it recovers from this earthquake."

Weyerhaeuser says its pledge includes the immediate donation of building materials to help with temporary housing and the exploration of alternatives that could help introduce safer products for the longer-term rebuilding efforts. For example, the company’s iLevel Shear Brace is specifically designed to help buildings resist the lateral forces created by high wind and earthquakes and could potentially be used in the rebuilding effort.

The company also committed to providing necessary technical assistance to help explore opportunities that may increase the likelihood that buildings will survive future earthquakes in the region. Weyerhaeuser is in the process of identifying an appropriate partner in this rebuilding effort.

“We recognize there are many organizations currently helping Haiti recover and we believe we could be most effective by working with one of these organizations and being part of their efforts,” Fulton said. “We also want to ensure that our efforts are used at the appropriate time and place. Finding a knowledgeable partner is key to the success of our efforts.”

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2008, sales were $8 billion. It has offices or operations in 10 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 and development. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.

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