Business News

WEYERHAEUSER ANNOUNCES THE ESTIMATED NUMBER OF SHARES FOR THE STOCK PORTION OF THE SPECIAL DIVIDEND

Friday 27. August 2010 - Weyerhaeuser Company (NYSE: WY) today announced that it will distribute approximately 324 million shares to pay the stock portion of the special dividend.

This distribution is based on the average closing price for Weyerhaeuser common stock on Aug. 24, 25, and 26 of $15.54.

The special dividend is payable to shareholders of record as of July 22 in connection with the company’s previously announced intent to convert to a real estate investment trust (REIT).

After paying the dividend, the company will have approximately 536 million common shares outstanding.

Weyerhaeuser expects to pay the special dividend on Sept. 1.