SEATTLE, Jan 12, 2010 (BUSINESS WIRE) -- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced the tax treatment for dividend distributions made in 2009 on its Common Stock.

For shareholders of Plum Creek Timber Company, Inc. stock, the total dividend distribution of $1.68 per share is classified for income tax purposes as follows: $1.68 (100.0000%) is classified as a 15% rate Capital Gain Dividend; and $0.00 (0.0000%) is classified as Return of Capital.

The table below summarizes the income tax treatment of the company's 2009 dividends:

2009 Dividend Tax Reporting Information (Form 1099-DIV)

Plum Creek Timber Company, Inc.

Common Stock

CUSIP # 729251108

Ticker Symbol: PCL

		March Distribution		May Distribution		August Distribution		November Distribution		Total
Capital Gain Distributions (long-term 15% rate)		100.00000%		100.00000%		100.00000%		100.00000%		100.00000%
Nondividend Distributions (return of capital)		0.0000%		0.0000%		0.0000%		0.0000%		0.0000%
Total		100.00000%		100.00000%		100.00000%		100.00000%		100.00000%

Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information, visit www.plumcreek.com.

SOURCE: Plum Creek Timber Company, Inc.

Plum Creek Timber Company, Inc.
Investors: John Hobbs, 1-800-858-5347
Media: Kathy Budnick, 1-888-467-3751