Company Information for Forest Enterprises Australia Ltd

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Company Statement

Forest Enterprises Australia Ltd (FEA) is a publicly listed company and a leading forestry and forest products business operating in the agribusiness sector. FEA has been planting and growing trees in hardwood plantations since 1987 and also supplies wood fibre to local and world markets. More recently, the Company has developed a number of innovative timber products to service expanding timber markets.

FEA has a vertically-integrated structure, and therefore involvement in each step of the value chain. This gives us the ability to offer outstanding customer value to growers, investors and shareholders.

In the managed investments sector, FEA Plantations Ltd has over $150 million of funds under management on behalf of over 7,500 investors. As a successful investment manager, the FEA focus is on the establishment and cultivation of eucalypt plantations in Tasmania, Northern NSW and Southern Queensland. FEA Plantations will by June 2007 have in excess of 42,000 hectares of plantations under management with a growth target of 50,000 hectares.

As a leading timber company, FEA takes a long-term view with a strategy focused on creating stable growth and serving both local and overseas markets

Current Operations

About FEA Plantations

FEA Plantations Ltd is a leading Australian forestry and forest products investment manager. We have two decades of experience in the eucalypt plantations business and a track record of success in managed investments. FEA Plantations is a member company of FEA, and has an Australian Financial Services Licence issued under the Corporations Act (AFSL: 243515), which authorises us to operate Managed Investment Schemes related to forestry. The company offers a track record of expertise in offering Managed Investment Schemes in the forestry sector.

About FEA Timber

FEA Timber is the timber products and trading division of FEA. The division manages the production and marketing of FEA's eucalypt plantation hardwoods and other timber products.

FEA Timber Markets
World demand for hardwood timber has been increasing. As global markets for timber products grow, including those sourced from hardwood plantations, FEA Timber expects that demand for its plantation timbers will increase. As environmental pressure on native forests as a woodchip source also increases, it is expected that plantations will have a positive future.

FEA Timber also recognises that plantation forestry has the support of the Australian government which, in its Vision 2020 statement (1997), has a goal of trebling the national area under plantation by 2020.

About SmartFibre

FEA currently produces and markets its wood fibre products through SmartFibre Pty Ltd, a modern export woodchip facility located at Bell Bay in North Eastern Tasmania. SmartFibre Bell Bay (formerly known as Tasmanian Fibre) is jointly owned by FEA and Integrated Tree Cropping Ltd (ITC) and was established in September 2003.

SmartFibre Bell Bay exports eucalypt hardwood woodchips to pulp and paper manufacturing customers in Japan and China. SmartFibre wood fibre products are used to produce some of the world’s finest quality paper and paper board.

The SmartFibre mill currently produces and exports on average 250,000 tonnes of wood fibre per annum.

SmartFibre sources its wood supplies from FEA’s plantation sawmill residues, eucalypt plantations managed by FEA for its Project growers, FEA’s own plantations, State Government plantations, private tree farmers and native re-growth.

SmartFibre Bell Bay is part of the National SmartFibre Network, which aims, as plantation estates mature, to eventually export from seven facilities and ports around Australia, including Bell Bay in Tasmania, Brisbane and Gladstone in Queensland, Albany, Bunbury, and Esperance in WA and Portland in Victoria. SmartFibre also operates a marketing office in Tokyo, Japan.

Geographical Spread

Australia

Board of Directors and Key Management

Andrew White	Chief Executive Officer
Fergus Leicester	Chief Financial Officer and Company Secretary
Scott McKay, General Manager	FEA Plantations
Mike O'Shea, General Manager	Operations
Ross Barlow, General Manager	FEA Timber

Company Address 233b Charles Street Launceston, Tasmania, Australia 7250 Telephone: (03) 6334 7811 Facsimile: (03) 6334 4660 Email: enquiries[at]fealtd.com Website: http://www.fealtd.com

Additional Address/Key Contact For broker, institutional and shareholder enquiries please contact FEA on: Phone: (03) 6334 7811 Email: info@fealtd.com Postal Address PO Box 733 Launceston TAS 7250 Street Address 233B Charles Street Launceston TAS 7250

Most Recent Statement

01/09/08 - FEA LLC Award
26/08/08 - FEA announces financial results for year ended 30 June 2008
23/07/08 - FEA Expands into High Value African Mahogany
01/07/08 - FEA expand finance facilities to $250 million
28/03/07 - FEA's Enviromental Management System - Now Certified to Australian Forestry Standard - March 2007
06/02/07 - Half yearly Report/Half Year accounts