Crown Pacific Announces President And Chief Executive Officer's Intention To Purchase Units

Business Wire, Sept 1, 1998

PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 1, 1998--Crown Pacific Partners, L.P. (NYSE:CRO) today announced that it has been advised by Peter W. Stott, its President and Chief Executive Officer, that he intends to purchase at least an additional $1 million of the company's common units in the open market.

Since Mr. Stott's announcement of his intention to acquire additional units in June of this year he has purchased 68,600 units. Mr. Stott currently owns approximately 1.66 million general, subordinated and common limited partnership units that represent 6.0% of Crown Pacific Partners, L.P.

Mr. Stott explained his rationale for increasing his investment in the company at this time. "The substantial drop in the overall stock market, has generated a decline in the price of the company's common units. At the current price the units provide a yield of more than 10.5%. This yield combined with the intrinsic value of the company's underlying assets, I believe make Crown Pacific units a very attractive investment opportunity."

The information contained in this release includes certain forward-looking statements that are based on assumptions that in the future may prove not to be accurate. Those statements, and Crown Pacific Partners, L.P.'s business and prospects are subject to a number of risks, including the volatility of timber and lumber prices, factors limiting harvesting of timber including contractual obligations, weather and access limitations, the substantial capital expenditures required to supply its operations, environmental risks, operating risks normally associated with the timber industry, competition, government regulation, the value of the U.S. dollar against foreign currencies such as the Japanese yen, and the ability of the partnership to implement its business strategy. These and other risks are described in the partnership's reports and registration statements that are available from the United States Securities and Exchange Commission.

Crown Pacific Partners, L.P. is a leading integrated forest products partnership with extensive timber holdings and conversion facilities located in Oregon, Washington, Idaho and Montana. Additional information and news releases may be obtained from Crown Pacific's Internet page at www.crownpacificpartners.com or by calling the partnership directly at 888-NYSE CRO (697-3276).

    CONTACTS: Financial Inquiries:
               Crown Pacific
               Mark B. Conan, 503/274-2300




                      OR
               Media Inquiries:
               Crown Pacific
               Bob Hess, 503/274-2300