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Weyerhaeuser Sends Letter to President Bush and Prime Minister Chretien Requesting Support for Envoy Process.

Business Editors

FEDERAL WAY, Wash.--(BUSINESS WIRE)--April 23, 2001

Steven R. Rogel, chairman, president and chief executive officer of Weyerhaeuser Company (NYSE:WY), sent a letter Friday to President George W. Bush and Prime Minister Jean Chretien requesting their support for a government-sponsored envoy process to help develop a long-term solution to the softwood lumber dispute between the United States and Canada. Following is the complete text of Rogel's letter to President Bush.

 The President
 The White House
 1600 Pennsylvania Ave., NW
 Washington, DC 20500

 Dear President Bush:

 Subject: Softwood Lumber Dispute

 With the expiry of the U.S./Canada Softwood Lumber Agreement
 (SLA) last month, the United States and Canadian governments
 and forest products industries are now facing a protracted,
 expensive and uncertain legal process that, in Weyerhaeuser
 Company's view, is not likely to resolve the issue.

 I am writing to you to respectfully recommend a government-
 sponsored envoy process -- or some form of government-
 sponsored negotiations -- as a concurrent and separate
 process from the Countervailing Duty and Anti-Dumping
 Petition submitted to the U.S. Department of Commerce.
 Weyerhaeuser Company has concluded that an envoy process is
 the most likely means of achieving a fair, long-term
 solution for all parties.

 Consumers in the United States depend on Canadian lumber to
 meet approximately one-third of their housing and
 repair/remodel needs. The United States does not have the
 softwood lumber manufacturing capacity, or forest resources,
 to supply sufficient volume to meet those needs.

 With that certainty in mind, I believe it is in the best
 interests of all parties -- on both sides of the border --
 to undertake a serious, and immediate, effort to reach a
 negotiated settlement. The principles we would suggest to
 guide an envoy process are as follows:

 -- Clarify what is expected of the envoys.

 -- Allow maximum flexibility on how the envoys carry out
 their responsibilities.

 -- Focus on substantive options for a long-term solution.

 -- Should not preclude existing legal/international trade
 dispute resolution processes from continuing.

 -- Have a realistic but firm timeline.

 -- Have envoys report their recommendations to their
 respective governments for consideration.

 With your support, I believe this process will lead us to a
 solution that promotes free trade and is supported by a
 majority of the affected stakeholder groups.

 As the largest North American softwood lumber producer with
 significant manufacturing and forestry operations on both
 sides of the border, I offer our services in any way you
 would deem helpful in initiating this process. For your
 information, attached is a summary of our position regarding
 the CVD and Anti-dumping Petition. I am also sending an
 identical letter to Prime Minister Jean Chretien. Thank you
 for your consideration of this proposal.

 Sincerely,
 /s/ Steven R. Rogel
 Chairman, President and Chief Executive Officer


Editor's Note: Today's news release, along with the attachment to the letter, is available on the Internet at www.weyerhaeuser.com under "Rogel Sends Letter to President Bush and Prime Minister Chretien."

Weyerhaeuser Company (NYSE:WY), one of the world's largest integrated forest products companies, was incorporated in 1900. In 2000, sales were $16 billion. It has offices or operations in 17 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. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com.

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Publication:Business Wire
Date:Apr 23, 2001
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