Potlatch Announces Tax Treatment For 2012 Dividend Distributions

SPOKANE, Wash., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq:PCH) announced today the tax treatment for its dividend distributions made in 2012 on the company's Common Stock. The total dividend distribution of $1.24 per share is classified for income tax purposes as follows: $0.534340 (43.09194%) per share as a Non-Dividend Distribution (return of capital) and $0.705660 (56.90806%) per share as a 15% rate Capital Gain Distribution on the 2012 Form 1099-Div.

The table below summarizes the income tax treatment of the company's 2012 dividends:

2012 Dividend Tax Reporting Information (Form 1099-DIV)

Potlatch Corporation Common Stock: PCH

CUSIP# 737630103

	March Distribution	June Distribution	September Distribution	December Distribution	Total
Non-dividend Distributions (return of capital)	$0.133585	$0.133585	$0.133585	$0.133585	$0.534340
Capital Gain Distributions (long-term 15% rate)	0.176415	0.176415	0.176415	0.176415	0.705660
Total	$0.310000	$0.310000	$0.310000	$0.310000	$1.240000

Shareholders are encouraged to consult with their tax advisors regarding the tax treatment for their Potlatch distributions.

ABOUT POTLATCH

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.43 million acres of timberland in Arkansas, Idaho and Minnesota. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. For more information about the company, visit our website at www.potlatchcorp.com .

The Potlatch Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11346

CONTACT: (Investors)
         Eric Cremers
         509-835-1548
         
         (Media)
         Mark Benson
         509-835-1513