Weyerhaeuser Company Limited Declares Dividend

    FEDERAL WAY, Wash., Oct. 18 /CNW/ -- The board of directors of
Weyerhaeuser Company Limited (TSX: WYL) on Oct. 18, declared a dividend of
U.S. 60 cents per share on the exchangeable shares of the corporation payable
Dec. 3, 2007, to shareholders of record at the close of business Nov. 9, 2007.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a)
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b)
    The dividend shall be paid in the Canadian dollar equivalent at the noon
spot exchange rate on Oct. 18, 2007, of 0.9734 the Canadian dollar equivalent
amount is CDN 58 cents.
    Weyerhaeuser Company (NYSE:   WY), one of the world's largest forest
products companies, was incorporated in 1900. In 2006, sales were $21.2
billion ($18.7 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 http://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, both for Weyerhaeuser Company 
Limited Web Site: http://www.weyerhaeuser.com

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