Temple-Inland Completes Offering of $250 Million Senior Notes Due 2016 and $250 Million Senior Notes Due 2018

The closing of the offering satisfies one of the conditions to theCompany's tender offer for its $100 million principal amount of MediumTerm Notes, Series D, due December 2006 (the "Series D Notes") and$345 million principal amount of 5.003% Senior Notes due May 2007 (the"2007 Notes"). Accordingly, the Company also today completed theinitial settlement of the tender offer. At the time of the initialsettlement, the Company had received tenders of $85,385,000 of theSeries D Notes and $339,730,000 of the 2007 Notes. Proceeds from thecompleted notes offering were used to pay for the tendered notes. Anyremaining net proceeds from the offering will be used to pay expensesof the offering and tender offer and for other general corporatepurposes. The tender offer remains open until 12:01 a.m. New York Citytime on December 8, 2005 unless extended.

This release shall not constitute an offer to sell or asolicitation of an offer to buy, nor shall there be any sale of thenotes in any state or jurisdiction in which such offer, solicitationor sale would be unlawful prior to registration or qualification underthe securities laws of any such state or jurisdiction.

Copies of the prospectus for the offering may be obtained bycontacting either of the underwriters at Citigroup Corporate andInvestment Banking, 140 58th Street, 8th Floor, Brooklyn, New York11220 (718-765-6732) or the Prospectus Department of Goldman, Sachs &Co. at 85 Broad Street, New York, NY 10004, telephone: 212-902-1171.

Questions regarding the tender offer and consent solicitationshould be directed to the dealer managers: Citigroup Corporate andInvestment Banking at 212-723-6106 or 800-558-3745 (Attention:Liability Management Group) and Goldman, Sachs & Co. at 212-357-8664or 800-828-3182 (Attention: Credit Liability Management Group).Requests for assistance or additional sets of the offer materials maybe directed to D.F. King & Co., Inc., the Information Agent for thetender offer, at 212-269-5550 or 800-431-9643. The Depositary for thetender offer is JP Morgan Chase Bank, N.A., which can be reached at214-468-6464 (Attention: Frank Ivins).

This press release shall not constitute an offer to purchase or asolicitation of acceptance of the tender offer, which may be made onlypursuant to the terms of the Offer to Purchase and related letter oftransmittal. In any jurisdiction where the laws require the offer tobe made by a licensed broker or dealer, the offer shall be deemed madeon behalf of the Company by one of the dealer managers or one or moreregistered brokers or dealers under the laws of such jurisdiction.

Temple-Inland Inc. is a major manufacturer of corrugated packagingand forest products, with a diversified financial services operation.The Company's 2.0 million acres of forestland are certified as managedin compliance with ISO 14001 and in accordance with the SustainableForestry Initiative(R) (SFI) program of the American Forest & PaperAssociation to ensure forest management is conducted in ascientifically sound and environmentally sensitive manner.Temple-Inland's common stock (TIN) is traded on the New York StockExchange and the Pacific Exchange. Temple-Inland's address on theWorld Wide Web is www.templeinland.com.