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First Quarter Results Announcement – 16 April

First Quarter Results Announcement – Wednesday 16 April 2003

You are invited to attend Carter Holt Harvey Limited’s quarter ended 31 March 2003 results presentation, to be held at The Westin, Sydney, No 1 Martin Place at 10am with results pack available from 9.30am.

The schedule for the morning is set out below (times are Sydney Australia based):

9.30am Result released through the New Zealand and Australian Stock Exchanges 9.30am Result available to attendees at The Westin, Sydney and emailed to all usual recipients 10.00am- 11.00am Presentation 11.10am-11.30am Media Q&A for those attending the presentation 11.30am-12.00pm Radio/TV interviews with Peter Springford 12.00pm – 12.30pm Conference call including Q&A

There will be no lock up prior to the commencement of the presentation but to ensure attendees at The Westin are not disadvantaged, there will be a delay of 30 minutes before the presentation begins and a copy of the release will be made available to them from 9.30am.

For those TV and radio media wishing to arrange an interview with CEO Peter Springford please contact Bridget Beaurepaire, Manager External Communications on (09) 262 6175 or mobile (025) 993 760 prior to Friday 11 April 2003.

Conference Call A telephone conference call will be held at 12pm Sydney Australia time. The following speakers will be available for comment: Peter Springford - Chief Executive Officer Jonathan Mason - Chief Financial Officer Maree Webster – General Manager Finance, Strategy and Investor Relations Below are details outlining how you can join the conference call: 1. For international participants: dial international access code +64 83-08-30-33
For national participants (ie NZ): dial 08-30-33 2. Wait for voice prompt 3. Enter PIN Number: 309856# You are now connected to the conference call. Please mute your phone to avoid feedback on the call. Please confirm your attendance at the presentation by Friday 11 April 2003. If you intend to participate in the conference call, please advise and the details of the result will be e-mailed to you prior to the conference call. All inquiries and confirmations should be directed to Aqshai Vasan on (64 9) 262 6058 or e-mail: mailto: mailto:aqshai.vasan@chh.co.nz

Yours sincerely,

Maree Webster GENERAL MANAGER – FINANCE, STRATEGY & INVESTOR RELATIONS

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