Potlatch Board Declares Distribution on Common Stock

SPOKANE, Wash.--(BUSINESS WIRE)--The Board of Directors of Potlatch Corporation (NYSE: PCH) has declared a quarterly distribution on the Company’s common stock. The distribution of $0.51 per share is payable September 3, 2008, to stockholders of record on August 4, 2008.

ABOUT POTLATCH

Potlatch owns approximately 1.7 million acres of forestland in Arkansas, Idaho, Minnesota and Wisconsin, and operates 12 manufacturing facilities that produce lumber and panel products and bleached pulp products, including paperboard and tissue. The company, which employs 3,600 people, also conducts a land sales and development business. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its resources.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include those risks and uncertainties described from time to time in the company’s public filings with the Securities and Exchange Commission. The company does not undertake to update any forward-looking statements.

www.potlatchcorp.com

Potlatch Corporation
(Media)
Matt Van Vleet, 509-254-1571
or
(Investors)
Douglas D. Spedden, 509-835-1549