Weyerhaeuser Company Limited Declares Dividend

    FEDERAL WAY, Wash., April 19 /CNW/ -- The board of directors of
Weyerhaeuser Company Limited (TSX: WYL) on April 19, declared a dividend of
U.S. 60 cents per share on the exchangeable shares of the corporation payable
May 29 to shareholders of record at the close of business May 4.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a

    The dividend shall be paid in the Canadian dollar equivalent at the noon
spot exchange rate on April 19, 2007, of 1.1286 the Canadian dollar equivalent
amount is CDN 68 cents.

    Weyerhaeuser Company (NYSE:   WY), one of the world's largest forest
products companies, was incorporated in 1900. In 2005, sales were $27.4
billion ($22.7 billion US). It has offices or operations in 18 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.
Weyerhaeuser Company Limited, a wholly owned subsidiary, has Exchangeable
Shares listed on the Toronto Stock Exchange under the symbol WYL. Additional
information about Weyerhaeuser's businesses, products and practices is
available at www.weyerhaeuser.com.

    For more information contact:

    Media - Bruce Amundson (253) 924-3047
    Analysts - Kathryn McAuley (253) 924-2058


For further information:

For further information: media, Bruce Amundson, +1-253-924-3047, or 
analysts, Kathryn McAuley, +1-253-924-2058 Web Site:

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