SEATTLE--(BUSINESS WIRE)--Dec. 3, 2002--Plum Creek Timber Company,Inc. (NYSE:PCL) announced today that it had completed the previouslyannounced purchase of forestlands in the North Central U.S. from StoraEnso North America Corp., a division of Stora Enso Oyj (NYSE: SEO).

The timberland, located primarily in Northern Wisconsin, containsa diversified mix of timber types and age profiles including maturemixed hardwood stands, mixed natural conifer stands, and hardwood andconifer plantations.

In addition, Plum Creek announced that it had entered into a fibersupply agreement with Stora Enso North America to supply a portion ofthe annual harvest from Plum Creek lands in the region to Stora Ensoproduction facilities.

Plum Creek is one of the largest landowners in the nation with 8.1 million acres of timberlands in every region of the United States and ten wood product manufacturing facilities in the Northwest.

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