Seattle, Washington, USA, 09 January 2008 --(BUSINESS WIRE)-- Plum Creek Timber Company, Inc. (NYSE:PCL) today announced the tax treatment for dividend distributions made in 2007 on its common stock.

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

Plum Creek is the largest and most geographically diverse private landowner in the nation with 8.2 million acres of timberlands in major timber producing regions of the United States and 10 wood products manufacturing facilities in the Northwest.

Source: Plum Creek Timber Company, Inc.