Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per Share

  Plum Creek Timber Company, Inc. Announces Quarterly Dividend of $0.42 Per
  Share

Business Wire

SEATTLE -- February 5, 2013

Plum Creek Timber Company, Inc. (NYSE: PCL) today announced a quarterly cash
dividend of $0.42 per share. The dividend is payable on March 1, 2013, to
shareholders of record as of Feb. 15, 2013. Plum Creek’s dividend is expected
to be characterized as long-term capital gain income primarily because the
income generated by the sale of Plum Creek’s timber is considered long-term
capital gain. As such, Plum Creek’s dividend is expected to be taxed at a
maximum rate of 20 percent for most U.S. taxpayers.

Plum Creek is one of the largest landowners in the nation and the most
geographically diverse, with approximately 6.4 million acres of timberlands in
major timber producing regions of the United States and wood products
manufacturing facilities in the Northwest. For more information, visit
www.plumcreek.com.

Contact:

Plum Creek Timber Company, Inc.
Investors: John Hobbs, 1-800-858-5347
Media: Kate Tate, 1-888-467-3751
 
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