LOUISIANA-PACIFIC CORPORATION ENTERS WOOD COMPOSITE DECKING MARKET 

Contacts: 
Marty Fajerman 
Product Manager 
704/875-2131
IBS Booth #5629 

Kelly Stoner 
Media Relations 
503/821-5281 

FOR IMMEDIATE RELEASE: January 14, 2000 

LOUISIANA-PACIFIC CORPORATION ENTERS WOOD COMPOSITE DECKING MARKET 

Portland, Ore. - Louisiana-Pacific Corporation today announced plans to construct two wood fiber composite decking facilities, paving the company's entry into the fastest growing segment of the decking market. 

The plants are expected to begin coming on line by the third quarter of 2000 and will be based in key U.S. locations to service major decking markets. Longer term, the company plans to construct additional plants to meet expected market growth. 

According to industry sources, the composite decking market has doubled each year since 1995. Current projections are for the total market to be more than $350 million by 2005 and $600 million by 2010. The market is currently served by a number of smaller companies. 

Composite decking is made of recycled and/or excess wood products and post-consumer recycled plastic. It is attractive and easy to work with and has enhanced weatherability compared to wood. L-P plans to offer a complete decking system solution. Products will include solid and hollow planks in addition to railing systems. 

Joe Kastelic, president of L-P's ABTco Division, said, "We are confident we can leverage the strengths of our existing sales force, strong industry relationships and distribution channels to quickly become an important industry player. As the specialty building products market grows, we intend to continue to meet the demands of our customers by offering comprehensive, low-maintenance solutions in a variety of different product lines." 

Louisiana-Pacific has licensed technology developed by Strandex Corp. to produce a state-of-the-art composite decking system. 

Louisiana-Pacific, now in its 27th year, is a major building products company headquartered in Portland, Oregon, with manufacturing facilities throughout the U.S. 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 regulation; 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.