Boise Cascade Company Announces Common Stock Distribution by Pre-IPO Investor

Boise Cascade Company
1111 West Jefferson Street Ste 300 PO Box 50 Boise, ID 83728
T 208 384 6161

Investor Relations Contact
Wayne Rancourt
Office 208 384 6073

Media Contact
John Sahlberg
Office 208 384 6451

For Immediate Release: March 3, 2014

Boise Cascade Company Announces Common Stock Distribution by Pre-IPO Investor
BOISE, Idaho – Boise Cascade Company (“Boise Cascade” or the “Company”) (NYSE:
BCC) today announced that Boise Cascade Holdings, L.L.C. (“BC Holdings”), the holder
of approximately 19.8% of the Company’s outstanding common stock, distributed
7,785,938 shares of common stock to its members, including Forest Products Holdings,
L.L.C., an entity controlled by Madison Dearborn Capital Partners IV, L.P. Following this
distribution, BC Holdings does not own any shares of the Company’s common stock. All
of the distributed shares were in turn distributed by Forest Products Holdings, L.L.C.
and Madison Dearborn Capital Partners IV, L.P. to their respective members and
partners and, as a result, neither entity holds any shares of the Company’s common
stock following the distribution.

“We appreciate the constructive manner in which Madison Dearborn worked with our
management team to transform the Company into a leading building products
manufacturer and distributor during the period of private ownership. This distribution
completes what has been a successful return of the Company to public ownership, a
process which began a little over a year ago with our IPO in February 2013,”
commented Tom Carlile, CEO for Boise Cascade. “I want to thank Madison Dearborn
for its support while we strengthened the Company’s competitive position.”

“After a successful partnership with the Boise Cascade management team, we wish
Tom Carlile and his exceptional team the best as Boise Cascade continues to move
forward as a public company,” said Samuel M. Mencoff, co-Chief Executive Officer at
Madison Dearborn Partners, LLC. “Management has done a tremendous job growing
the Company’s business through the downturn and positioning Boise Cascade to take
advantage of the market recovery that is underway. We appreciate all that they have
done for the Company and its equityholders over our tenure together, and we believe
that Boise Cascade will continue to benefit from their talented leadership.”

BC Holdings and Forest Products Holdings, L.L.C. were formed in October 2004 in
connection with the acquisition of OfficeMax Incorporated’s forest products and paper
assets. BC Holdings continued to hold approximately 68.7% of the Company’s
outstanding common stock following its initial public offering in February 2013. BC
Holdings has decreased its ownership since the Company’s initial public offering
through two underwritten secondary offerings and a repurchase of shares of common
stock by the Company from BC Holdings in July 2013.

About Boise Cascade
Boise Cascade is a large vertically-integrated wood products manufacturer and building
materials distributor with widespread operations in the United States and Canada. Boise
Cascade is headquartered in Boise, Idaho.

Forward-Looking Statements
This press release contains forward-looking statements, which are subject to substantial
risks, uncertainties and assumptions. You should not place reliance on these
statements. Forward-looking statements include information concerning the offering.
These statements often include words such as “believe,” “expect,” “anticipate,” “intend,”
“plan,” “estimate,” “seek,” “will,” “may” or similar expressions. You should not place
undue reliance on these forward-looking statements. All such statements speak only as
of the date made, and we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future events or
otherwise.

 

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