Louisiana-Pacific Corporation (“LP”) (NYSE:LPX) announced today the commencement of an exchange offer pursuant to which it is offering to exchange up to $350,000,000 in aggregate principal amount of its 7.500% Senior Notes due 2020 (the “New Notes”), which have been registered under the Securities Act of 1933 (the “Act”), for an equal aggregate principal amount of its unregistered outstanding 7.500% Senior Notes due 2020 (the “Old Notes”). The Old Notes were issued on May 21, 2012 in a transaction exempt from registration under the Act. The terms of the New Notes will be substantially identical to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not be subject to restrictions on transfer or provisions relating to special interest applicable to the Old Notes. The New Notes will bear a different CUSIP or ISIN number from the Old Notes and will not entitle their holders to registration rights. The terms and conditions of the exchange offer for the Old Notes are set forth in a prospectus dated July 10, 2012 and the related letter of transmittal. The exchange offer will expire at 5:00 p.m., New York City time, on August 7, 2012, unless extended or earlier terminated (such date and time, as the same may be extended, being the “Expiration Time”). Except in the limited circumstances described in the prospectus, any and all Old Notes that are validly tendered in the exchange offer and not validly withdrawn prior to 5:00 p.m., New York City time, on August 7, 2012, the Expiration Time, will be accepted for exchange. This press release is for informational purposes only and is not an offer to purchase any Old Notes or sell any New Notes or a solicitation of an offer to sell any Old Notes or purchase any New Notes. The exchange offer is being made only pursuant to a prospectus and letter of transmittal that have been filed with the Securities and Exchange Commission (the “SEC”) as part of Louisiana-Pacific Corporation's Registration Statement on Form S-4 (File No. 333-182441). The Registration Statement was declared effective by the SEC on July 10, 2012.