Release Details

PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 4, 2003--Louisiana-Pacific Corporation (LP) (NYSE:LPX) today announced that Daniel K. Frierson, chairman & chief executive officer of The Dixie Group, has been elected to the board of directors, effective February 1, 2003.

"Dan is a highly ethical, honest, and knowledgeable businessman. His experience with The Dixie Group will benefit LP as we work to complete the restructuring program announced last May and focus on improving our ongoing businesses," said Mark A. Suwyn, LP chairman and chief executive officer.

Frierson joins LP with more than 37 years of operational experience. He began his career with Dixie Yarns, Inc., now called The Dixie Group, in 1966. In 1969, Frierson moved to the Candlewick division, where he was promoted to sales manager in 1970. From 1975 to 1977, he served as vice president of the Candlewick division, and from 1977 to 1979, he served as President of the division and Executive Vice President of Dixie Yarns, Inc. In 1979, he became President of Dixie Yarns, Inc. and in 1987 was elected Chairman of the Board. Frierson graduated from the University of Virginia and received his MBA from the University's Darden School of Business.

Also on February 1, 2003, LP's board of directors voted to amend the company's bylaws to increase the number of directors on the board from 10 to 11 positions.

LP is a premier supplier of building materials, 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.

FORWARD-LOOKING STATEMENTS

This news release contains statements concerning Louisiana-Pacific Corporation's (LP) 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, and prices for structural products; the effect of forestry, land use, environmental and other governmental regulations; the ability to obtain regulatory approvals, 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.