Longview Fibre Company

Longview, Washington, USA, 31 August 2006 –- Longview Fibre Company (NYSE:LFB) announced today that, at its regularly scheduled board meeting, the board of directors declared a quarterly cash dividend of USD 0.23 per share on the company's common stock, payable 03 October 2006, to shareholders of record at the close of business 15 September 2006.

This dividend equates to an annual dividend rate of USD 0.92 per share and reflects the incremental 14,673,663 shares of the company's common stock which were distributed on 07 August 2006 as part of a special cash-and-stock distribution to shareholders in conjunction with the company's conversion to a real estate investment trust (REIT).

About Longview Fibre Company

Longview Fibre Company is a diversified timberlands owner and manager, and a specialty paper and container manufacturer. Using sustainable forestry methods, the company manages approximately 589,000 acres of softwood timberlands predominantly located in western Washington and Oregon, primarily for the sale of logs to the U.S. and Japanese markets. Longview Fibre's manufacturing facilities include a pulp-paper mill at Longview, Washington; a network of converting plants; and a sawmill in central Washington. The company's products include logs, corrugated and solid-fiber containers, commodity and specialty kraft paper, paperboard; and dimension and specialty lumber. Longview Fibre press releases, SEC filings, and annual reports are available at no charge through the company's Web site at www.longviewfibre.com.