<B>Quarterly Reports Strong for Paper Companies</B>

Georgia-Pacific Group reported improved net income of $194 for the first quarter 2000, compared with net income of $99 million for first quarter 1999.

Sales for Georgia-Pacific Group in the first quarter 2000 grew to $5.4 billion, compared with $3.4 billion for the same period in 1999. First quarter 2000 results reflect the addition of a paper distribution segment, formerly the publicly held Unisource Worldwide Inc., and the integration of the former Wisconsin Tissue into the group’s commercial tissue business.

Within Georgia-Pacific Group’s pulp and paper businesses, the containerboard and packaging segment reported first quarter 2000 operating profits of $131 million, versus $35 million for the same quarter a year ago. Asset sales within this segment for the first quarter 2000 accounted for a pre-tax gain of $24 million.

The group’s pulp and paper segment, comprised of its pulp, bleached board, communication papers and tissue businesses, reported first quarter 2000 operating profits of $129 million, compared with $13 million in the same quarter last year.

Georgia-Pacific Group’s paper distribution segment, Unisource Worldwide, reported operating profits of $38 million in the first quarter 2000.

P. H. Glatfelter Company reported first quarter net income of $12.8 million, compared to first quarter 1999 net income of $8.1 million, or $.19 per share.

Net sales for the recently completed quarter were $181.3 million, an increase of 9% from $165.8 million in the first quarter of 1999. The restructuring charge is primarily the result of the previously announced decision to reconfigure the Company’s tobacco papers business by reducing production capacity and associated salary and labor costs.

Weyerhaeuser Company reported net earnings of $244 million for the first quarter of 2000 on strong results from all lines of business. This compares with a first quarter loss of $48 million for the same period last year.

Net sales for the first quarter of 2000 were $3.9 billion, a 47 percent increase from $2.7 billion for the same period last year. The increase resulted primarily from the addition of MacMillan Bloedel and Trus Joist and improvements in most major markets.

The company reported its pulp, paper and packaging earnings increased to $186 million from $41 million in 1999. The pulp and paper markets continued to improve during the quarter leading to higher prices for all major product lines produced by the company. Volumes for corrugated boxes increased late in the quarter and remain above 1999 levels. The pulp market finished the quarter very strong with inventories remaining tight. Labor disputes in Finland may further restrict the supply of pulp.