Weyerhaeuser Announces Ex-Dividend Date for Special Dividend

Weyerhaeuser Company (NYSE:WY) today announced the New York Stock
Exchange has notified the company that the ex-dividend date for its
recently declared $5.6 billion special dividend will be July 20, 2010.
Weyerhaeuser expects to pay the special dividend, which includes the
approximately $11 million regular third quarter dividend on Sept. 1,
2010 to shareholders of record on July 22, 2010.

On July 11, 2010, to satisfy one of the IRS requirements for Real Estate
Investment Trust (REIT) election, Weyerhaeuser announced that its board
of directors had declared the special dividend of $26.47 per share,
based on 211.6 million shares outstanding.

Shareholders can elect stock or cash for the special dividend, with the
total cash payment limited to 10 percent, or $560 million, of the total
distribution.

Weyerhaeuser intends that the cash and stock portions of the dividend
will be treated as a taxable dividend to its shareholders for 2010
federal income tax purposes.

A copy of the company′s prospectus on the special dividend is available
on Weyerhaeuser′s website at http://investor.weyerhaeuser.com/phoenix.zhtml?c=92287&p=irol-sec
and selecting form 424B4 from the list of filings.

ABOUT WEYERHAEUSER

Weyerhaeuser Company, one of the world′s largest forest products
companies, began operations in 1900. We grow and harvest trees, build
homes and make a range of forest products essential to everyday lives.
We manage our timberland on a sustainable basis in compliance with
internationally recognized forestry standards. At the end of 2009, we
employed approximately 14,900 employees in 10 countries. We have
customers worldwide and generated $5.5 billion in sales in 2009. Our
stock trades on the New York Stock exchange under the symbol WY.
Additional information about us is available at http://www.weyerhaeuser.com.

Weyerhaeuser Company

Media ? Bruce Amundson, 253-924-3047

or

Analysts
? Kathryn McAuley, 253-924-2058