Evergreen Forests Limited is a pure play, plantation forestry investment company, with no downstream processing. Evergreenís objective is to provide superior shareholder returns through a progressive listed company managing a portfolio of high-quality radiata plantation forestry assets that meet clearly defined investment criteria.

As at 30 June 2004, it owns or has, cutting rights over 19,461 stocked hectares (48,089 acres). The company is run by a small Auckland-based executive team. Forest management is undertaken by specialists on contract. Forestry New Zealand, a wholly owned subsidiary, manages Evergreenís sales and marketing activities.

Evergreen is a public company with 2,400 shareholders listed on the New Zealand Stock Exchange. The code of the ordinary shares is EVF and the code of the March 2009 zero coupon convertible notes is EVFGA. The company is also traded in the USA by way of a sponsored Level 1 American Depositary Receipt (ADR) programme (issuer code: EVFSY).

Statistics and Conversions:
1 hectare (ha) = 100 metres x 100 metres; 1 hectare (ha) = 2.47 acres; 1 cubic metre (m3) = 1m x 1m x 1m; 1cubic metre of radiata pine (green, undried) weighs between 1 and 1.1 tonnes (1,000 and 1,100 kg); 2.36 cubic metres = 1 thousand board foot (MBF) lumber measurement basis; 5 cubic metres = 1 MBF (approximately) log measurement basis.

All financial information is in New Zealand dollars, unless otherwise stated.