<B>Crown Pacific Opts Not to Sell</B>

Crown Pacific Partners, L.P. announced that its Board is no longer pursuing the sale of the company because of current market conditions. However, the board has authorized active exploration of other strategic options, including the sale of selected non-strategic assets and the conversion of the company to a real estate investment trust

``In the current marketplace, with depressed lumber prices, an outright sale would not reflect what we believe is the inherent value of our assets or serve the best interest of our unitholders,'' said Peter W. Stott, president and chief executive officer of Crown Pacific. ``Simply put, we will not sell in a down market,'' he added.

Crown Pacific announced this past March that it would explore alternatives to increase unitholder value with its advisor, UBS Warburg. No timetable has been set to complete the analysis of the other options currently under review by the company.