Koch Industries Announces Future Georgia-Pacific Leaders

Joining Moeller will be Bill Caffey, who will becomeGeorgia-Pacific's executive vice president, operations excellence andcompliance.

"This is an exciting time to be an employee or customer ofGeorgia-Pacific, and I am honored to be leading the Georgia-Pacificteam forward," said Moeller, who has been with Koch companies for 40years. "Georgia-Pacific's talented employees have built a strongcompany, with world-class brands, businesses, assets and products.This is a foundation for growth that, combined with Koch Industries'commitment to reinvestment and its unique philosophy and capabilities,will add up to a great future for Georgia-Pacific."

"Joe's tremendous leadership throughout his six years as KochIndustries' president and chief operating officer gives us confidencehe will deliver more of the same at Georgia-Pacific," said Charles G.Koch, chairman and chief executive officer of Koch Industries. "Bill,during his 32 years with Koch, has done an exemplary job of buildingour operations excellence capability. I am certain Joe and Bill, alongwith the outstanding Georgia-Pacific team, will continueGeorgia-Pacific's proud tradition."

Moeller and Caffey will resign from the Koch Industries board ofdirectors and will serve on the Georgia-Pacific board of directorsthat will be in place after the merger closes. That board will bechaired by A.D. "Pete" Correll, formerly chief executive officer andchairman of the board, who will remain with Georgia-Pacific to assistin the transition. Lee Thomas, Georgia-Pacific's president and chiefoperating officer, will depart to pursue other opportunities.

Other Georgia-Pacific board members will include Charles Koch, whowill be involved in the education and application of Market BasedManagement(R) throughout the organization; Richard Fink, executivevice president of Koch Industries, who will focus on legal and publicaffairs; Steve Feilmeier, executive vice president and chief financialofficer of Koch Industries, who will bring expertise in transactionand financial excellence; John Pittenger, senior vice president ofKoch Industries, who will provide strategic and marketing leadership;and Dale Gibbens, Koch Industries' vice president of human resources,who will assist with strategic human resource issues.

Georgia-Pacific will retain its name and operate from its Atlantaheadquarters as a privately held, indirect wholly owned subsidiary ofKoch Industries. The remainder of the Georgia-Pacific seniormanagement team will be composed of current Georgia-Pacific leadersand a small number of additional team members from other Kochcompanies. That full team is expected to be finalized and announced toemployees in early January.

Moeller previously served as president and chief operating officerof Koch Industries, a position he held since 1999. Moeller began hiscareer at Koch in gasoline marketing, moved to the company's petroleumtrading business, and advanced to become vice president of KochIndustries' refined products group, president of Koch IndustriesInternational and president of Koch Ventures, Inc. Moeller was electedto the Koch Industries board of directors in 1987.

Caffey, who joined Koch in 1973, was most recently an executivevice president of Koch Industries, overseeing operations excellenceand compliance programs. Caffey has led operations excellence since1992 as vice president of transportation and operations and as seniorvice president and executive vice president of the operations group.Before these senior management roles, Caffey was president of bothKoch Pipeline, Inc. and Koch Gathering Systems, Inc. Caffey waselected to the Koch Industries board of directors in 1997.

Koch Industries, Inc., based in Wichita, Kan. (www.kochind.com),owns a diverse group of companies engaged in trading, operations andinvestments worldwide, including a presence in 50 countries in suchcore industries as trading, petroleum, chemicals, energy, fibers,resins, fertilizers, pulp and paper, ranching, securities and finance.

Headquartered at Atlanta, Georgia-Pacific is one of the world'sleading manufacturers and marketers of tissue, packaging, paper,building products and related chemicals. With 2004 annual sales ofapproximately $20 billion, the company employs 55,000 people at morethan 300 locations in North America and Europe. Its familiar consumertissue brands include Quilted Northern(R), Angel Soft(R), Brawny(R),Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), So-Dri(R) and VanityFair(R), as well as the Dixie(R) brand of disposable cups, plates andcutlery. Georgia-Pacific's building products manufacturing businesshas long been among the nation's leading suppliers of buildingproducts to lumber and building materials dealers and largedo-it-yourself warehouse retailers. For more information, visitwww.gp.com.

Forward-Looking Statements: Any statements made regarding theproposed transaction between Koch Industries, Inc. and Georgia-PacificCorporation, the future performance of Georgia-Pacific as a whollyowned subsidiary of Koch Industries, and any other statementscontained in this news release that are not purely historical fact areforward-looking statements that are based on management's beliefs,certain assumptions and current expectations. These statements may beidentified by their use of forward-looking terminology such as thewords "expects," "projects," "anticipates," "intends" and othersimilar words. Such forward-looking statements involve risks anduncertainties that could cause actual results to differ materiallyfrom those projected. These risks and uncertainties include, but arenot limited to, general economic, business and market conditions andthe satisfaction of the conditions to closing of the proposedtransaction. For a more complete discussion of certain of the risksand uncertainties that could cause actual results to differ from thosecontained in the forward-looking statements, please see the discussionof risks and uncertainties in the Georgia-Pacific 2004 10-K and otherSEC filings.