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Press release from Business Wire

Plum Creek Announces Tax Treatment of 2011 Dividend

Tuesday, January 10, 2012

Plum Creek Announces Tax Treatment of 2011 Dividend16:10 EST Tuesday, January 10, 2012 SEATTLE (Business Wire) -- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced the tax treatment for dividend distributions made in 2011 on its Common Stock. For shareholders of Plum Creek Timber Company, Inc. stock, the total dividend distribution of $1.68 per share is classified for income tax purposes as Capital Gain Distribution, taxed at a maximum rate of 15 percent. The table below summarizes the income tax treatment of the company's 2011 dividends: 2011 Dividend Tax Reporting Information (Form 1099-DIV) Plum Creek Timber Company, Inc. Common Stock CUSIP #729251108 Ticker Symbol: PCL         March Distribution   May Distribution   August Distribution   November Distribution   Total Capital Gain Distributions (long-term 15% rate)     100%   100%   100%   100%   100% Nondividend Distributions (return of capital)     0%   0%   0%   0%   0% Total     100%   100%   100%   100%   100% Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 6.7 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. Plum Creek Timber Company, Inc.Investors: John Hobbs 1-800-858-5347Media: Kathy Budinick 1-888-467-3751