SEATTLE, May 8, 2002 (BUSINESS WIRE) -- Plum Creek Timber Company, Inc.(NYSE:PCL) announced that the company's board of directors has appointed Ernst &Young LLP to replace PricewaterhouseCoopers LLP as the company's independentpublic accountant.

“自1989年该公司上市以来，PriceWaterhouseCoopers为Plum Creek提供了出色的Professionalservice，” Andceo总裁Rick Holley说。“ Plum Creek的资源和商机已经大大变化和扩展，我们认为这是一个适当且适时的时间，可以评估哪些专业服务提供商最能为您提供服务。我们期待与Ernst＆Young Auditand税务专业人士合作，成为公司继续增长。”

The appointment of Ernst & Young was made after a thorough evaluation processconducted by members of Plum Creek management and the Audit and ComplianceCommittee of the board of directors. Plum Creek said the decision to changeauditors was not based on any disagreement between the company andPricewaterhouseCoopers LLP on any matter of accounting principles or practices,financial disclosure, or auditing scope or procedure.

Plum Creek, a real estate investment trust, is one of the largest land owners inthe nation, with over 7.8 million acres of timberlands in every significanttimber-growing region of the United States and ten wood product manufacturingfacilities in the Northwest.

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CONTACT:
Plum Creek Timber Company
John Hobbs, 800/858-5347
www.plumcreek.com

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