We are pleased to provide the newsletter for the 6th International Woodfibre Resources & Trade Conference. Five months out, we now have more than 100 registered delegates from more than 24 countries. Those who organise conferences will know that this many “ c onfirms ” , at this stage, bodes very well for another very successful and well attended meeting. Field trip numbers are filling up, so if you plan to attend we would recommend registering before the end of this year.

Since our last newsletter, we have confirmed an excellent speaker on the “ O utlook for international wood panel markets ” and its trends. We welcome Laszlo Döry, President, European Panel Federation and Vice-President CEI-Bois in Austria. Mr Döry has had both CEO experience in the wood panels sector ( Homogen Holz ) and for the last decade has been President of the European Panel Federation, with offices both in Vienna and Brussels. We have also decided to hold one ( the last ) speaking slot unfilled for a month or so, as we have a number of people suggesting titles and speakers, and we want to be sure we fill that slot with the most attractive topic and speaker for our delegate mix. Full details are provided on page 3 & 4 of this newsletter.

Conference Speakers

What ’ s happening in Turkey?

Seaborne woodchip imports into the Turkish wood panel sector continue to increase dramatically...... Continued on page 2. Also our Conference Manager, Pamela Richards, has just returned from visiting Istanbul and Sümeg ( H ungary ) and was impressed with the Hilton Hotel, the Esma Sultan Mansion, the venue for the Welcome Reception ( sponsored by Yildiz Entegre ) and the tours organised for the partners. The medieval Hotel Kapitany in Hungary has a castle built in the 1200’ s and the Regions Timberland Group is ensuring an excellent visit to their poplar plantations.

6th International Woodfibre Resources & Trade Conference

“ W oodchips & Biomass for Global & Regional Markets ”

Sunday 7 - Wednesday 10 April 2013 Istanbul, Turkey

Inside this issue:

Speakers 1/3/

4

Turkey & Welcome

Reception

2

Program/Speakers 3/4

Gallipoli/Pre Conference

Field Trip

5

Post Conference Field

Trip 6

Newsletter Date: 27 November 2012 Volume 6 : Issue 1

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Meanwhile, seaborne woodchip imports into the Turkish wood panel sector continue to increase dramatically, as continual wood panel manufacturing expansions fuel the demand for ever more imported volumes. With imports starting less than a decade ago, we expect the 2012 volume will be around 1.85 million GMT, and the 2013 volume may approach 2.0 million GMT ( see chart below) . This is more than the imports into either Korea or Taiwan, long seen as important Asian woodchip importers. Turkey is also, by far, the largest woodchip importing nation in the Atlantic region. We expect imports will have increased by a massive 75% from just 2010 to 2013. Even as this newsletter goes out, there are reports of a major new long term contact being negotiated/signed between a Turkish wood panel manufacturer and a new supplier, and from a new export port in the Americas. Where will it end?

The history of the venue is supplied by the owners—The Marmara. Esma Sultan, was born in 1873 at Dolmabahçe Palace, iand s the daughter of the 32nd Ottoman Sultan, Abdulaziz I. At the age of three, Esma Sultan was admitted in the harem of Sultan Abdulhamid I, and was brought up in the harem until 1876 when at 16 she married Mehmed Pasha, the Circassian who was one of the leading statesmen of his time. The 19th century Ottoman mansion located next to Ortaköy Mosque was presented to Esma Sultan as a wedding gift. The mansion was named after Esma Sultan who lived at the palace and the Esma Sultan Mansion was passed down through the generations. Esma Sultan Mansion became a Greek school in 1918, was used as a tobacco warehouse in 1922 then as a carpenter house, furniture warehouse and coal warehouse respectively in 1950s. The building was subsequently burnt down in a large fire in 1975. Esma Sultan Mansion was provided with a new cultural identity when it was bought by The Marmara in early 1990s, remaining true to the original plan of the mansion. The interior of the building was reconstructed in 2001 using glass and steel within the direction of the avant project by Philip Robert and was opened to service during 12 months of the year. The garden still contains the remains of the cistern, the Turkish bath and the stable.

Page 2 6th International Woodfibre Resources & Trade Conference

Welcome Reception Tuesday evening (sponsored by Yildiz Entegre) - included in registration fee.

What ’ s happening in Turkey?

Page 3 6th International Woodfibre Resources & Trade Conference

Conference Program, including Speakers as at 27 November 2012

www.woodfibreconference.com

Tuesday 9 April 2013

Time Topic

8:30am - 8:40am Welcome 8:40am - 9:20am Outlook for the international pulp markets

Oliver Lansdell, Director — Pulp and Paper, Hawkins Wright, UK

9.20am - 9.50am Transportation impact on international woodchip and

biomass trade Bjørn Bodding, Senior analyst and Partner,

RS Platou Economic Research, Norway 9:50am - 10:20am Morning Break

10.20am - 10.50am International wood fibre price trends and outlook

Hakan Ekstrom, President, Wood Resources International, USA

10:50am - 11:20am Japan woodchip market and outlook

Kiyoshi Kamikawa, Managing Director, Japan Paper Association, Japan

11.20am - 11.50am China woodchip market and outlook, & biomass import

potential Gavin Hao, Forest Specialist,

RISI Shanghai, China 11:50am - 12:00pm Q & A to above speakers

12:00pm - 1:30pm Lunch

1:30pm - 2:00pm Australia, Fiji & New Zealand woodchip supply and outlook

Greg McCormack, Chairman, Midway Limited, Australia

2:00pm - 2:30pm African woodchip supply and outlook

Patrick Kime, General Manager, NCT Forestry Cooperative Limited, South Africa

2:30 pm- 3:00pm Latin America woodchip supply and outlook

Miguel Zunino, Commercial Managing Director, Comaco Forestal, Chile

3:00pm - 3:30pm Afternoon Break

3.30pm - 4.30pm Southeast Asia woodchip supply and outlook: How

sustainable? Dennis Neilson, Director, DANA Ltd, New Zealand

4:30pm - 5.15pm North America woodchip & wood pellet supply and outlook

Bob Flynn, Director International Timber, RISI, USA

6:30pm - 9:00pm Evening networking reception and dinner

(sponsored by Yildiz Entegre A.S)

Page 4 6th International Woodfibre Resources & Trade Conference

Conference Program, including Speakers — continued

Register now and don't miss this opportunity to attend this informative conference!

Wednesday 10 April 2013

Time Topic

8:50am - 9:00am Welcome and housekeeping announcements

9.00am - 9.30am Outlook for international wood panel markets—

Laszlo Döry, President, European Panel Federation, Austria

9.30am - 10.00am Turkish woodchip market and outlook

Hakki Yidiz, Managing Director, Yildiz Entegre A.S., Turkey

10.00am - 10.10am KEAS company overview

Selcuk Inan, Foreign Purchasing Expert, Kastamonu Entegre A.S, (KEAS), Turkey

10:10am - 10:40am Morning Break

10.40am - 11.10am European biomass/pellet market outlook from a European

utility's perspective Christian Rakos, President,

European Pellet Council, Austria

11:10am- 12:10pm Dedicated biomass plantation developments & investment

analysis: Global developments. Presentations on Europe, Latin America, USA, Africa, Asia

Jeff Nuss, CEO, Greenwood Resources, USA; Michael Weitz, Managing Director, Lignovis GmbH, Germany; João Cordeiro,

Principal, Pöyry Management Consulting, Finland

12:10pm - 1:30pm Lunch

1:30pm - 2:00pm Sustainability/Certification and legal wood requirements:

Impact of 2013 European decisions and other recent laws Ulrich Leberle, Raw Materials Manager, CEPI, Belgium

2.00pm - 2.30pm Iberian pulp log, woodchip and biomass supply, demand and

outlook Pedro Lencart, Managing Director,

Sierras Calmas (ENCE), Uruguay

2:30pm - 3:00pm Central-Northern Europe pulp log and woodchip supply,

demand and outlook Thomas Agrell, Wood Supply Manager for Sydved/StoraEnso, Sweden

3:00pm - 3:30pm Afternoon Break

3:30pm - 4:00pm Topic and Speaker - TBA

4.00pm - 5:15pm Invited panel discussion on woodchip and biomass supply:

Introduction of new projects

Only two seats remain.

With bookings for the 2015 centenary celebrations hard to obtain, this optional pre-

conference tour, of the famous WWI battle grounds of Gallipoli where the Turkish army

and armies from Australia, New Zealand, United Kingdom and France clashed for

several months in 1915 - 1916, in one of the bloodiest campaigns of that war, is your

best opportunity to visit this famous site.

Delegates to make their way to the Hilton Istanbul Hotel for pickup on Friday evening

at 9.00pm to transfer to Canakkale - Gallipoli for overnight stay at the Kolin Hotel.

Saturday visit ANZAC sites and the Kabatepe Museum and return to Istanbul on

Sunday morning at 7.15am.

Cost is US$850.00 per person and includes:

Return economy airfare

2 night’s accommodation and breakfast

Lunch Saturday (meal only) drinks at own expense

Dinner Saturday night (meal only) drinks at own expense

Entrance fees to ANZAC sites and Museum

Snacks and bottled water during the tour

Coach and English speaking guide

Return transfers

Please ensure you include this tour when registering for the conference.

Optional visit to Gall ipol i: Friday 5 - Sunday 7Apri l, 2013

Yildiz Entegre A.S. Seats are limited to the first 100 registrants so register now!

This is a full day tour and delegates will be collected from the Hilton Istanbul Hotel at 8.00am on Monday 8 April 2013 and returned around 5.00pm. The Conference registration desk will open at 4.30pm on Sunday for those attending to collect their namebadge and pack. Delegates will have the opportunity to visit the world's largest single site MDF production complex (500,000 sq. metres, producing 3,500 m³ of MDF per day), plus a visit to its woodchip import port. Yildiz imports pulplogs from several European countries and imports woodchips from the USA, Brazil, Venezuela and Canada, and exports wood panels to several markets. Cost is US$250.00 per person and is limited to Conference attendees only. Includes: morning & afternoon tea, lunch, site visit and coach.

6th International Woodfibre Resources & Trade Conference Page 5

Optional Pre-Conference Field tr ip - Monday 8 April , 2013

www.woodfibreconference.com

Optional Post Conference Field Trip - Thursday 11 & Friday 12 Apri l, 2013

Regions Timberland Group - Western Hungary. 19 tickets remain. A 1 ½ day field trip to see dedicated biomass plantation operations in Western Hungary.

This trip will visit short rotation hybrid poplar plantations managed by Regions Timberland Group, a US-based Timber Investment Management Organisation, and will include planting and harvesting, as well as a possible visit to a biomass heat plant using this woodfibre for energy.

Cost US$1,550.00 per person and includes: 1. Economy airfare from Istanbul to Vienna and return (refer below for one way cost) 2. Lunch at Hotel Bassiana Sarvar, Hungary 3. One night’s accommodation at Hotel Kapitány, Sümeg, Hungary 4. Dinner ( including drinks) at Sümeg Castle with Medieval Knights Festival 5. Tour as quoted above including morning tea and lunch 6. One night’s accommodation at Vienna airport hotel 7. Snacks and water on coach 8. Coach The tour will conclude in Vienna Friday night. Delegates can plan to fly to their home destination that evening or the Saturday morning or spend more time in Vienna. Those participants requiring a one way flight from Istanbul, the cost is US$1,400.00 per person.

Page 6 6th International Woodfibre Resources & Trade Conference

Partners attending will go on a separate tour of Sümeg on the Friday and then meet up with the delegates at

the end of the day for the transfer to Vienna.

Partner ’ s Tours

During the days of the Conference in Turkey, tours have been designed for the partners

to enjoy the sights of Istanbul. Click this link to see what is on offer.