Louisiana-Pacific Declares Quarterly Dividend

May 1, 2000

Portland, Ore-- Louisiana-Pacific Corporation's (NYSE: LPX) Board of Directors has declared a regular quarterly dividend of $0.14 a share. The dividend will be paid on June 1, 2000 to stockholders of record on May 17, 2000.

Louisiana-Pacific, now in its 27th year, is a premier supplier of building products, offering a valuable mix of commodity and value added specialty products to our rapidly growing retail, homebuilding and industrial customers. Visit L-P's website at www.lpcorp.com.