This report contains statements concerning the company’s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “may,” “will,” “believes,” “should,” “approximately,” “anticipates,” “estimates” and “plans” and the negative or other variations of those terms or comparable terminology or by discussions of goals, strategy, plans or intentions. In particular, some of these forward-looking statements deal with expectations regarding the way we will conduct business; reduction in greenhouse gas emissions by 2020; the impact of forest management programs and sustainable forest management systems; reductions in recordable incident rates; reduction in energy use (including use of purchased electricity); reduction in air and water pollution; use of biomass; reduction in water use; reduction in chemical use; increase in diversity; return on net assets; building of three new state-of-the-art softwood lumber mills; the potential for the Cellulose Fibers business and new products; outlook for WRECO during the current real estate cycle; cost savings from restructuring of transportation and warehousing organizations and implementation of a common integrated technology platform; contributions to pension funds in 2007; alignment of climate change management strategy to meet likely future regulatory obligations; requests for customer input; and similar matters. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, including the level of interest rates and housing starts; market demand for the company’s products, which may be tied to the relative strength of various U.S. business segments; energy prices; raw material prices; chemical prices; performance of the company’s manufacturing operations; the successful execution of internal performance plans and initiatives; the level of competition from domestic and foreign producers; the effect of forestry, land use, environmental and other governmental policies and regulations, and changes in accounting regulations; the effect of weather; the risk of loss from fires, floods, windstorms, hurricanes, pest infestation and other natural disasters; transportation costs; legal proceedings; the effect of timing of retirements and changes in the market price of company stock on charges for stock-based compensation; and performance of pension fund investments and related derivatives. The company is also a large exporter and is affected by changes in economic activity in Europe and Asia, particularly Japan, and by changes in currency exchange rates, particularly the relative value of the U.S. dollar to the Euro and the Canadian dollar, and restrictions on international trade or tariffs imposed on imports. These and other factors could cause or contribute to actual results differing materially from such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will occur or, if any of them occurs, what effect they will have on the company’s results of operations or financial condition. The company expressly declines any obligation to publicly revise any forward-looking statements that have been made to reflect the occurrence of events after the date of this news release.