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Weyerhaeuser News Release

Weyerhaeuser To Hold Special Dividend Conference Call

FEDERAL WAY, Wash., July 12, 2010 Weyerhaeuser Company (NYSE: WY) will hold a live conference call at 5:30 a.m. Pacific (8:30 a.m. Eastern) on July 12 to discuss announcement of the company’s special dividend.

To access the conference call from within North America, dial (877) 296-9413 (access code – 84047456) at least 15 minutes prior to the call. Those calling from outside North America should dial 1-(706) 679-2458 (access code – 84047456). Replays will be available for one week at (800) 642-1687 (access code – 84047456) from within North America and at 1-(706) 645-9291 (access code – 84047456) from outside North America.

The call is being webcast through Weyerhaeuser’s Internet site at http://investor.weyerhaeuser.com and is accessible by selecting the “Special Dividend” link.

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).

ABOUT WEYERHAEUSER

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.

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