Longview Fibre Company Shareholders Approve Merger Agreement with Brookfield Asset Management Inc.

  
    
  
  
    
      Longview Fibre Company (NYSE:LFB) (“Longview”) 
      today announced that its shareholders approved the Agreement and Plan of 
      Merger, dated as of February 2, 2007, as amended, by and among Longview, 
      Brookfield Asset Management, Inc. and Horizon Acquisition Co., a 
      wholly-owned subsidiary of Brookfield. As a result of this approval, 
      Longview expects that the merger will be consummated shortly in 
      accordance with the terms of the agreement.
    
    
      About Longview Fibre Company
    
    
      Longview Fibre Company is a real estate investment trust (REIT) engaged 
      in the ownership and management of 588,000 acres of softwood timberlands 
      predominantly located in western Washington and Oregon, and manufactures 
      specialty paper and containers through a wholly-owned subsidiary. For 
      more information, please visit Longview’s Web 
      site at www.longviewfibre.com.
    
    
      Statements in this press release that are not historical, including 
      as to the expected timing of the completion of the merger, may be deemed 
      forward-looking statements within the meaning of US federal securities 
      laws. Although Longview believes the expectations reflected in 
      any forward-looking statements are based on reasonable assumptions, no 
      assurance can be given that these expectations will be attained or that 
      the transaction will be completed, and it is possible that actual 
      circumstances and results may differ materially from those indicated by 
      these forward-looking statements due to a variety of risks and 
      uncertainties, including the closing conditions to which the completion 
      of the merger is subject and other risk factors relating to Longview’s 
      business and its industry that are detailed from time to time in Longview’s 
      reports filed with the SEC. Longview undertakes no obligation to 
      publicly update or revise any forward-looking statements, whether as a 
      result of new information, future events or otherwise. The reader 
      is directed to Longview’s various filings with 
      the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K 
      and its annual reports on Form 10-K, for a discussion of such risks and 
      uncertainties.