Willamette Responds to Weyerhaeuser Tender Offer

30 November 2000

The Board of Directors of Willamette Industries confirmed it has received notice of an unsolicited offer to purchase all of the outstanding shares of Willamette for $48 per share in cash from Weyerhaeuser Company. The Board will review the offer and make a recommendation to Willamette shareholders promptly. The Board urges Willamette shareholders not to take any action with respect to the offer until the Board makes its recommendation. Willamette Industries is an integrated forest products company with 106 plants, located in the U.S., France, Ireland and Mexico. The company owns 1.7 million acres of forestland which has been third-party certified as meeting the Sustainable Forest Initiativesm standards of the American Forest and Paper Association. Willamette produces building materials, composite wood panels, fine paper, office paper products, corrugated packaging and grocery bags.

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