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To: Bidder who wrote (453)	7/28/1999 3:38:00 PM
From: Bidder	Read Replies (1) \| Respond to of 1152

How about this? Now their going to fight over lumber companies!! -------------------------------------------------------------------------------- Related Quotes LPX 22 7/16 -13/16 delayed 20 mins - disclaimer Wednesday July 28, 1:09 pm Eastern Time Company Press Release Louisiana-Pacific Corp. Issues Statement Regarding Boise Cascade Offer for Forex PORTLAND, Ore.--(BUSINESS WIRE)--July 28, 1999-- Louisiana-Pacific received written notification yesterday from Le Groupe Forex (Forex) that Boise Cascade has made a conditional superior offer to acquire all shares of the company. Under the terms of the agreements signed with L-P, Forex is prohibited from accepting any other proposal without first giving L-P the opportunity to amend its offer. L-P has five business days to match Boise Cascade's offer. L-P is entitled to a significant break-up fee of CDN $23 MM if Forex enters into an agreement with a third party and L-P concludes that it is unable to secure Forex for a price that is in the best interests of its stockholders. Louisiana-Pacific, now in its 26th year of operation, is a major building products company headquartered in Portland, Oregon, with manufacturing facilities throughout the United States and in Canada and Ireland. Visit L-P's website at www.LPCorp.com. FORWARD-LOOKING STATEMENTS This news release contains statements concerning Louisiana-Pacific Corp.'s future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, including the level of interest rates and housing starts, market demand for the company's products; the effect of forestry, land use, environmental and other governmental regulations; the ability to obtain regulatory and other approvals for the acquisition; the ability of Louisiana-Pacific to successfully integrate the two companies, and the risk of losses from fires, floods and other natural disasters. These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings. -------------------------------------------------------------------------------- Contact: Louisiana-Pacific Kelly Stoner (Media Relations), 503/821-5281 or Bill Hebert (Investor Relations), 503/821-5311 or businesswire.com