AUSTIN, TX – Temple-Inland, which recently split into three stand-alone public companies, announced the executive leadership for each of the spin-offs. They include:

• Doyle Simons, chairman of the board and CEO of Temple-Inland;
• J. Patrick Maley III, president, COO and a director of Temple-Inland;
• Kenneth Dubuque, president, CEO and a director of Guaranty Financial Services; and
• James DeCosmo, president, CEO and a director of Forestar Real Estate Group.

In addition, Kenneth Jastrow will step down as chairman and CEO of Temple-Inland upon completion of the spin-offs and will become non-executive chairman of the board of both Guaranty Financial Services and Forestar Real Estate Group.

"We are on target to complete our transformation plan by year-end 2007, which includes the separation of Temple-Inland into three focused, stand-alone public companies and sale of our strategic timberland," Jastrow said. "The creation of three public companies provides expanded opportunity for employees and for maximizing shareholder value."

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