NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 2, 2005--Louisiana-Pacific Corporation (LP) (NYSE:LPX) announced today it will donate $500,000 cash to the American Red Cross to help with immediate relief efforts, as well as match employee contributions to hurricane relief.

Additionally, LP will work with appropriate state agencies and charitable organizations to donate 1.5 million square feet of its oriented strand board (OSB) product for rebuilding efforts in Alabama, Mississippi and Louisiana. OSB, a structural panel product, is among the building products most needed in the period following a natural disaster.

CEO Rick Frost said, "Hurricane Katrina has had such devastating effects on lives and homes. We trust our cash donation will help provide some measure of immediate relief, and that our products will help the rebuilding effort in the difficult months ahead."

Additionally, LP will immediately switch production at its Silsbee, Texas mill from producing siding to manufacturing OSB structural panels, in order to help provide adequate and timely supply to customers in the aftermath of Hurricane Katrina.

"Our Silsbee facility has the flexibility to quickly switch from producing siding to making structural OSB panels. We want to ensure our current customers have the OSB they need to provide to people rebuilding their homes and lives," said Frost.

LP is a premier supplier of building products, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers. Visit LP's Web site at www.lpcorp.com for additional information on the company.

Copyright Business Wire 2005

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