Updated 12:33 PM ET August 31, 1999

Jared G. Carter To Become Executive Vice President and General Counsel Of
The Pacific Lumber Company

Eminent Environmental and Land Use Attorney to Oversee Operational
Implementation of the Landmark Headwaters Agreement

SCOTIA, Calif. (BUSINESS WIRE) -- The Pacific Lumber Company announced
today that Jared G. Carter has been named executive vice president and
general counsel of the Company.

Mr. Carter will be responsible for overseeing the Company's operational
implementation of the landmark Headwaters Agreement. In addition, he will
serve as chairman of the executive committee of The Pacific Lumber
Company's Board of Directors.

"This is an exciting time to be joining Pacific Lumber," Mr. Carter said.
"All of us, both public and private, who participated in negotiating the
Headwaters transaction intend to make it work. The citizens of this state
are insisting upon another hard look at the balance between timber
harvesting and environmental values, including species protection; and we
can play a constructive role in this process. I'm looking forward to being
a part of the Pacific Lumber team that makes the promise of Headwaters a
positive reality for its employees, the community of Humboldt County, and
the citizens of this state."

"We are fortunate to have someone of Jared Carter's stature and background
join the Pacific Lumber team," said John Campbell, president and chief
executive officer of The Pacific Lumber Company. "He was instrumental in
helping Pacific Lumber negotiate the Headwaters Agreement and is well known
throughout California for his keen insights on the host of economic, legal,
and regulatory issues timber companies must master in order to succeed in
today's competitive marketplace."

Mr. Carter was a senior partner with the law firm of Carter, Behnke,
Oglesby & Bacik where he served as a legal advisor to the Company on a wide
range of land use and environmental issues, including negotiations
concerning the landmark Headwaters Agreement. Prior to entering private
practice, he had a distinguished career in public service at the Department
of State, the Department of Defense, and the Department of Interior. While
at the Department of Interior, he served as Deputy Under Secretary and was
granted the Outstanding Service Award for his involvement in a number of
major environmental and resources-related matters, including negotiations
over the trans-Alaska pipeline.

Mr. Carter, age 64, holds a B.A. from the University of California-Los
Angeles and is a graduate of Stanford University Law School, member of the
Order of the Coif. He was a law clerk to United States Supreme Court
Justice William O. Douglas and has served as an assistant professor of law
at Stanford University.

Contact: The Pacific Lumber Company, Scotia John A. Campbell, 707/764-2222

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