Federal Way, Washington, USA, 19 April 2007 -- /PRNewswire/ -- The board of directors of Weyerhaeuser Company Limited (TSX: WYL) on 19 April declared a dividend of USD 0.60 per share on the exchangeable shares of the corporation payable 29 May to shareholders of record at the close of business 04 May.

The dividend shall be paid in the Canadian dollar equivalent at the noon spot exchange rate on 19 April 2007, of 1.1286 the Canadian dollar equivalent amount is CAD 0.68.

Weyerhaeuser Company (NYSE:WY), one of the world's largest forest products companies, was incorporated in 1900. In 2005, sales were USD 22.7 billion (CAD 27.4 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. Weyerhaeuser Company Limited, a wholly owned subsidiary, has Exchangeable Shares listed on the Toronto Stock Exchange under the symbol WYL. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com.

Source: Weyerhaeuser Company

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