Weyerhaeuser to Hold Investor Call Regarding Dividend Guidance for 2011

Weyerhaeuser Company (NYSE: WY) will hold a live conference call at 6
a.m. Pacific (9 a.m. Eastern) on Monday, Dec. 13 to discuss the
company′s dividend guidance for 2011.

To access the conference call from within North America, dial
1-866-518-4547 at least 15 minutes prior to the call. Those calling from
outside North America should dial 1-706-643-9225. The access code of the
conference call is 29140156. Replays will be available for one week at
1-800-642-1687 from within North America and at 1-706-645-9291 from
outside North America. The access code for the replays is 29140156.

The call will also be webcast through Weyerhaeuser′s Internet site at http://investor.weyerhaeuser.com
and is accessible by selecting the 'Dec. 13 Conference Call? link. The
access code is 30600.

The webcast is available through the Thomson StreetEvents Network to
both institutional and individual investors. Individual investors can
listen to the call at http://www.fulldisclosure.com,
Thomson′s individual investor portal, powered by StreetEvents.
Institutional investors can access the call via Thomson′s
password-protected site, StreetEvents (http://www.streetevents.com).

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

Analysts
- Kathryn McAuley, 253-924-2058