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Weyerhaeuser Announces Results of Maximum Tender Offers
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Federal Way, Washington, USA, 07 June 2007 -- /PRNewswire/ -- Weyerhaeuser Company (NYSE:WY) announced the expiration, as of 12:00 midnight, New York City time on 06 June 2007, of its previously announced Maximum Tender Offers for up to $519,483,000 in aggregate principal amount of securities. According to the terms set forth in the Offer to Purchase dated May 9, 2007, $595,211,000 in aggregate principal amount of securities were validly tendered and accepted for purchase, resulting in a Final Proration Factor of approximately 20.27% for the 6.95% Debentures due August 1, 2017.

As previously announced, $305,517,000 in aggregate principal amount of securities in the Any and All Offers, which expired on May 16, 2007, were validly tendered and accepted for purchase on May 17, 2007. The table below more fully describes results of the Maximum Tender Offers:

Principal Principal Percentage
Amount Amount of Acceptance
Title of Security Outstanding Tendered Outstanding Priority
(US$) (US$) Amount Level
Tendered

Offer for Securities Listed Below: Maximum Tender Offers


7.50% Debentures due $250,000,000 $94,389,000 37.76 % 1
March 1, 2013
7.95% Debentures due $250,000,000 $113,967,000 45.59 % 2
March 15, 2025
7.85% Debentures due $200,000,000 $100,101,000 50.05 % 3
July 1, 2026
5.95% Debentures due $524,873,000 $191,810,000 36.54 % 4
November 1, 2008
6.95% Debentures due $300,000,000 $94,944,000 31.65 % 5
August 1, 2017

The terms and conditions of the Offers, including the conditions to Weyerhaeuser's obligation to accept any securities tendered and to pay the applicable Full Tender Offer Consideration, plus accrued and unpaid interest, are set forth in the Offer to Purchase. Each Offer was conditioned upon the satisfaction of certain conditions described in the Offer to Purchase.

J.P. Morgan Securities Inc. and Banc of America Securities LLC were the dealer managers for the Offers. Morgan Stanley & Co. Inc. and Citigroup Global Markets, Inc. were the co-dealer managers for the Offers. Global Bondholder Services Corporation was the Depositary and Information Agent.

Persons with questions regarding the offers should contact J.P. Morgan Securities Inc. toll free at (866) 834-4666 or collect at (212) 834-4077, Attn. Liability Management Group or Banc of America Securities LLC toll free at (866) 475-9886 or collect at (704) 386-4603, Attn. Liability Management Group.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2006, sales were USD 21.9 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/.

Source: Weyerhaeuser Company

Web site: http://www.weyerhaeuser.com/


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