Potlatch Board Declares Dividend on Common Stock

[Potlatch via BizWire]

SPOKANE, Wash.--(BUSINESS WIRE)--April 28, 2004--Directors of
Potlatch Corporation (NYSE:PCH) have declared the regular quarterly
dividend on the company's common stock. The dividend of $0.15 per
share is payable June 7, 2004 to stockholders of record May 7, 2004.

Potlatch is a diversified forest products company with timberlands
in Arkansas, Idaho and Minnesota.

This news release contains, in addition to historical information,
certain forward-looking statements. These forward-looking statements
are based on management's best estimates and assumptions regarding
future events, and are therefore subject to known and unknown risks
and uncertainties and are not guarantees of future performance. The
company's actual results could differ materially from those expressed
or implied by forward-looking statements. The company disclaims any
intent or obligation to update these forward-looking statements.