Plum Creek Legacy News Releases

Carl B. Webb Joins Plum Creek Board of Directors

Oct 30, 2003

SEATTLE--(BUSINESS WIRE)--Oct. 30, 2003--Plum Creek TimberCompany, Inc. (NYSE:PCL) today announced that Carl B. Webb has joinedthe company's board of directors.

"With more than 25 years in the banking industry, Carl's businessleadership and experience will be invaluable to Plum Creek," said RickHolley, president and chief executive officer. "We are pleased to beable to attract such an accomplished individual to our board."

Webb served as president, chief operating officer and director ofGolden State Bancorp, Inc. and its wholly owned subsidiary CaliforniaFederal Bank. Prior to working at Golden State Bancorp, Webb wasemployed by First Madison Bank as president and chief executiveofficer and director. Additionally, Webb served on the board ofdirectors of First Nationwide Mortgage Corporation of Frederick,Maryland, one of the largest mortgage loan originators and mortgageloan services in the country. Webb holds a bachelor of businessadministration degree from West Texas A&M University and a graduatebanking degree from Southern Methodist University in Dallas, Texas.

Plum Creek is one of the largest land and timber owners in thenation, with over eight million acres of timberlands in major timberproducing regions of the United States and 10 wood productsmanufacturing facilities in the Northwest.

CONTACT: Plum Creek Timber Company, Inc.
John Hobbs, 800-858-5347 (Investors)
Kathy Budinick, 206-467-3620 (Media)

SOURCE: Plum Creek Timber Company, Inc.

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