Plum Creek Timber Company, Inc. Announces Public Offering of Common Stock

  Plum Creek Timber Company, Inc. Announces Public Offering of Common Stock

Business Wire

SEATTLE -- October 28, 2013

Plum Creek Timber Company, Inc. (NYSE: PCL) today announced that it intends to
offer 14,100,000 shares of its common stock, par value $0.01 per share, in an
underwritten public offering, subject to market and other conditions. In
addition, Plum Creek intends to grant the underwriters a 30-day option to
purchase up to 2,115,000 additional shares of Plum Creek common stock to cover
over-allotments, if any. Plum Creek intends to use the net proceeds from the
offering, if completed, to finance the acquisition of timberlands and other
real estate assets from MeadWestvaco Corporation that was announced earlier
today, and for general corporate purposes, including the repayment of a
portion of Plum Creek’s outstanding debt.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC are serving as joint
book-running managers for the offering. Wells Fargo Securities, LLC is also
serving as a bookrunner. Mitsubishi UFJ Securities (USA), Inc., Piper Jaffray
& Co., RBS Securities Inc., Rabo Securities USA, Inc. and The Williams Capital
Group, L.P. are serving as co-managers. The shares are being offered pursuant
to an effective shelf registration statement on Form S-3 that was previously
filed with the Securities and Exchange Commission (SEC). The offering will be
made only by means of a prospectus supplement and the accompanying prospectus,
copies of which may be obtained, when available, from Goldman, Sachs & Co.,
Prospectus Department, 200 West Street, New York, NY, 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316, or by emailing, or from J.P. Morgan Securities LLC, attention:
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
telephone: 866-803-9204.

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or other jurisdiction.

Plum Creek is among the largest and most geographically diverse private
landowners in the nation with approximately 6.3million acres of timberlands
in major timber producing regions of the United States and wood products
manufacturing facilities in the Northwest.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended. Some of
these forward-looking statements can be identified by the use of
forward-looking words such as “believes,’ “expects,” “may,” “will,” “should,”
“seek,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates,” or
the negative of those words or other comparable terminology. The accuracy of
such statements is subject to a number of risks, uncertainties and assumptions
including, but not limited to, the completion of the acquisition in the time
frame, on the terms and in the manner currently anticipated, the cyclical
nature of the forest products industry, our ability to harvest our timber, our
ability to execute our acquisition strategy, the market for and our ability to
sell or exchange non-strategic timberlands and timberland properties that have
higher and better uses, and various regulatory constraints. These and other
risks, uncertainties and assumptions are detailed from time to time in our
filings with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, and the Securities Act of 1933, as amended.
It is likely that if one or more of the risks materializes, or if one or more
assumptions prove to be incorrect, the current expectations of Plum Creek and
its management will not be realized. Forward-looking statements are not
guarantees of performance, and speak only as of the date made, and neither
Plum Creek nor its management undertakes any obligation to update or revise
any forward-looking statements.


Plum Creek Timber Company, Inc.
John Hobbs, 1-800-858-5347
Kathy Budinick, 1-888-467-3751
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