Longview Fibre Company

Longview, Washington, USA, 30 November 2006 -– Longview Fibre Company (NYSE:LFB) announced today that, at its regularly scheduled board meeting, the Board of Directors declared a regular quarterly cash dividend of USD 0.23 per share on the company's common stock, payable 03 January 2007, to shareholders of record at the close of business 15 December 2006.

The company's future dividend payments are subject to final board approval and will be based on the company's results of operations, cash flow, and prospects at the time, as well as any contractual limitations in the company's debt instruments.

About Longview Fibre Company

Longview Fibre Company is a Real Estate Investment Trust (REIT). 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, and a network of converting plants. The company's products include logs, corrugated and solid-fiber containers, commodity and specialty kraft paper, and paperboard. Longview Fibre press releases, SEC filings and Annual Reports are available at no charge through the company's Web site at www.longviewfibre.com.