Plum Creek Legacy News Releases

Plum Creek Announces New Board Appointment

Aug 5, 2003

SEATTLE--(BUSINESS WIRE)--Aug. 5, 2003--Plum Creek Timber Company,Inc. (NYSE:PCL) today announced the appointment of Robin Josephs toits board of directors.

"I am very pleased that Robin has agreed to join our board. She isextremely well qualified with her background in real estate andcomplements the diverse skills and expertise of our other boardmembers," noted Rick R. Holley, president and chief executive officerof Plum Creek.

Josephs is the managing director of Ropasada, LLC, a privateinvestment firm. Josephs was employed by Goldman Sachs from 1986 to1996 in their Real Estate Investment Banking Division and in theEquity Capital Markets Group. Prior to working at Goldman Sachs,Josephs served as an analyst for Booz Allen & Hamilton, Inc. in NewYork from 1982 to 1984. Josephs received a B.S. degree in economicsfrom the Wharton School of the University of Pennsylvania and anM.B.A. from Columbia University.

Josephs also serves as a director of iStar Financial (and itspredecessors) and has since March 1998.

With the addition of Josephs, Plum Creek now has eight boardmembers.

Plum Creek is one of the largest land and timber owners in thenation, with over 8 million acres of timberlands in major timberproducing regions throughout the United States and ten wood productmanufacturing facilities in the Northwest.

CONTACT: Plum Creek Timber Company, Inc.
John Hobbs, 800-858-5347
Bob Jirsa, 206-467-3626
www.plumcreek.com

SOURCE: Plum Creek Timber Company, Inc.

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