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CITIC Statement in response to NZ Herald Article

CITIC STATEMENT

Statement made by CITIC in response to an article in today’s NZ Herald under he heading “Chinese whispers on Fletcher Forests sale”.

This statement is made by Greg Molloy, CITIC New Zealand Limited

“CITIC is involved in a protracted dispute with Fletcher Forests over the Central North Island Forestry Partnership and is disappointed with the lack of progress in negotiating a settlement. Our High Court action to resolve the dispute continues on schedule.”

For further information please contact

Mr Greg Molloy
CITIC New Zealand Limited
Tel 0-9-309 1528. Cell phone 025 449 110

Issued on behalf of CITIC New Zealand by
Dennis Lynch, Network Communications, tel 0-9-379 3154

BUDMR004

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