<P><B>L-P Closing Two Mills</B>

Louisiana-Pacific Corp. announced plans to permanently close two high-cost, non-competitive mills in the U.S. as part of the company's effort to focus on higher return facilities.

The mills scheduled for permanent closure are LP's New Waverly, Texas, plywood facility and Bernice, Louisiana, lumber mill. Both plants will continue operations until all raw materials on site are converted, shipped to other facilities or sold. Equipment will either be transferred to other LP facilities or salvaged.