Boise Cascade Faces Asbestos Related Litigation ----------------------------------------------- Published December 13, 2002 Boise Cascade Corporation (NYSE: BCC) has been named a defendant in a number of cases where the plaintiffs allege asbestos-related injuries from exposure to asbestos products or exposure to asbestos while working at a job site over the past several years, and continuing in the third quarter of 2002. The claims vary widely and often are not specific about the plaintiff's contacts with Boise or with any of its facilities. None of the claims seek damages individually, and Boise is generally one of numerous defendants. Most of the cases filed have been voluntarily dismissed, although Boise has settled some cases for a nominal amount. The settlements paid have been covered largely by insurance, and Boise believes any future settlements or judgments would be similarly covered. To date, no asbestos case against the Company has gone to trial, and the nature of these cases makes any prediction as to the outcome of pending litigation inherently subjective. At this time, however, the Company believes its involvement in asbestos litigation is not material to either its financial position or its results of operations. COMPANY PROFILE Boise Cascade Corporation (NYSE: BCC) 1111 W. Jefferson St. Boise, ID 83728-0001 Phone: 208-384-6161 Fax: 208-384-7189 http://www.bc.com Employees : 24,168 Revenue : $ 7,422,200,000 Net Income : $ (42,500,000) Assets : $ 4,934,000,000 Liabilities : $ 3,355,700,000 (As of December 31, 2001) Description: With more than two million acres of US timberlands, Boise Cascade distributes office products and produces paper and building materials. Boise operates about 25 building-products mills, five paper mills, and nearly 30 wholesale building-material distribution centers. Its Boise Office Solutions subsidiary distributes office supplies through about 65 distribution centers and more than 100 retail outlets in Australia, Canada, New Zealand, and the US. Building and paper products include plywood, particleboard, newsprint, market pulp, containerboard, and uncoated free sheet paper. ------------------------------------------------------------------- LitigationDataSource.com