SAN DIEGO (January 17, 2013) – The Greystone Group announced today that it advised Plum Creek Timber Company, Inc. (NYSE: PCL) in its acquisition of its interest in approximately 144 million tons of aggregate reserves at four quarries from Vulcan Materials Company (NYSE: VMC) for $75 million. The quarries are located near the Greenville and Spartanburg, South Carolina markets and will continue to be operated by Vulcan. Beginning in January 2013, Plum Creek will receive royalty payments from the production and sale of the crushed stone from the quarries for approximately 25 years. “It is always nice to see the successful execution of an acquisition strategy that our firm helps develop” said Tim Oitzman, President of Greystone.

“This is an attractive, cash-accretive investment in a familiar natural resource asset for Plum Creek” said Rick Holley, president and chief executive officer of Plum Creek. “The investment adds to our existing construction materials royalty streams, and the quarries will continue to be owned and operated by Vulcan, a leader in the industry. We are optimistic that the favorable growth prospects for aggregate demand in these markets will enhance future earnings potential.”

About Plum Creek Timber

Plum Creek is among the largest and most geographically diverse private landowners in the nation with approximately 6.4 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest.

About Vulcan Materials Company

Vulcan Materials Company is the nation’s largest producer of construction aggregates – primarily crushed stone, sand and gravel – and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. Vulcan’s coast-to-coast footprint and strategic distribution network align with and serve the nation’s growth centers.