Norbord Appoints Chief Financial Officer

    TORONTO, Feb. 1 /CNW/ - Norbord Inc. (TSX:NBD) announced today that Robin
Lampard has been appointed Senior Vice President and Chief Financial Officer,
effective February 15, 2008.
    Ms. Lampard replaces John Tremayne who will step down on the same day.
    Since joining Norbord in 1996, Ms. Lampard has held a number of
increasingly senior roles in Finance and Treasury, including her most recent
position of Vice President, Treasurer. Previously, Ms. Lampard spent several
years with an international accounting firm.
    "Norbord's well developed succession planning process ensured that we had
a very strong candidate capable of assuming the CFO role," said Barrie
Shineton, Norbord's President and CEO. "Robin has proven herself to be the
right person to drive our financial priorities. She has played a key role in
financing Norbord's capacity expansion over the years. Robin has also done an
excellent job ensuring the company's balance sheet remains protected
throughout the business cycle. Her financial expertise and capital markets
experience will be invaluable as Norbord continues to grow its OSB business."
    A Chartered Accountant, Ms. Lampard received her Masters of Business
Administration from the University of Toronto.

    This news release contains forward-looking statements, as defined in
applicable legislation. The words "will be," and other expressions which are
predictions of or indicate future events, trends or prospects and which do not
relate to historical matters identify forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Norbord to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
    Although Norbord believes it has a reasonable basis for making these
forward-looking statements, readers are cautioned not to place undue reliance
on such forward-looking information. By its nature, forward-looking
information involves numerous assumptions, inherent risks and uncertainties,
both general and specific, which contribute to the possibility that the
predictions, forecasts and other forward-looking statements will not occur.
Factors that could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include: general
economic conditions; risks inherent with product concentration; effects of
competition and product pricing pressures; risks inherent with customer
dependence; effects of variations in the price and availability of
manufacturing inputs; risks inherent with a capital intensive industry; and
other risks and factors described from time to time in filings with Canadian
securities regulatory authorities and the US Securities and Exchange
    Except as required by applicable laws, Norbord does not undertake to
update any forward-looking statements, whether as a result of new information,
future events or otherwise, or to publicly update or revise the above list of
factors affecting this information. See the "Caution Regarding Forward-Looking
Information" statement in the March 1, 2007 Annual Information Form and the
cautionary statement contained in the "Forward-Looking Statements" section of
the 2006 Management's Discussion and Analysis dated January 31, 2007.

For further information:

For further information: Anita Veel, Director, Corporate Affairs, (416)

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