Geographically speaking, Plum Creek is a small stream in Minnesota. In the 1930s, lumberman D.C. Dunham had a business named D.C. Dunham Lumber Company located about 70 miles from Plum Creek in Bemidji, Minnesota. In 1945, Dunham moved his lumber company to Columbia Falls, Montana and renamed it Plum Creek. Dunham died in 1966 and his family later sold the business to Northern Pacific Railroad, which became part of Burlington Northern (BN). In 1987, BN spun off its non-railroad holdings, including the Plum Creek mills and timberlands, into a holding company called Burlington Resources.

Plum Creek Timber Company, L.P., a publicly traded partnership (MLP), was established in 1989 and purchased the timberlands and mills from Burlington Resources. Today, Plum Creek, based in Seattle, Washington, is the largest private landowner in the United States with approximately 6.8 million acres. Plum Creek is organized as a REIT in managing its timberlands. It also conducts various business activities through its taxable REIT subsidiaries (TRS). The company has been listed on the New York Stock Exchange since 1989.

Plum Creek History
1989	Plum Creek formed as an MLP and acquires 1.4 million acres of Northwest timberlands from Burlington Resources; company lists on the New York Stock Exchange (NYSE) as PCL.
1993	Acquires 865,000 acres of land in Montana from Champion International.
1996	Purchases 538,000 acres of timberland in Louisiana and Arkansas from Riverwood International Corp.
1998	Acquires 905,000 acres in Maine from SAPPI.
1999	Converts to a Real Estate Investment Trust (REIT) and is the first company to have all of its lands third-party certified to the Sustainable Forestry Initiative® (SFI®) program.
2001	Merges with The Timber Company creating the second largest private timberland owner in the country with 7.8 million acres.
2002	Appears on the S&P 500 Index and acquires 307,000 acres in Wisconsin.
2003	Purchases 139,000 acres in South Carolina, Arkansas and New Hampshire.
2004	Acquires 78,000 acres in Arkansas and Maine. Completes certification of all its lands under the SFI program.
2005	Acquires 56,000 acres of land in Florida from Soterra LLC. Purchases 650,000 acres of land in the Upper Peninsula of Michigan from Escabana Timber LLC.
2006	Acquires 88,000 acres in central Oregon.
2007	Acquires 69,000 acres in Oregon and Georgia.
2008	Acquires 147,000 acres in Georgia, Oregon and Vermont; partners with The Nature Conservancy and The Trust for Public Land to conserve approximately 310,000 acres in three phases of the Montana Legacy Project (also known as the Working Forest Project); closes on Phase I of the Montana Legacy Project (130,000 acres); contributes 454,000 acres across the southeast to joint venture with The Campbell Group.
2009	Closes on 110,000 acres included in Phase II of the Montana Legacy Project.
2010	Closes on third and final phase (69,600 acres) of the Montana Legacy Project.

© 2011 Plum Creek Timber Company, Inc.
999 Third Avenue, Suite 4300, Seattle, WA 98104
Phone: 206-467-3600 or 1-800-858-5347