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Fletcher Challenge Forests Clarifies Position

STOCK EXCHANGE LISTINGS: NEW ZEALAND, AUSTRALIA, NEW YORK (FFS).

Fletcher Challenge Forests Clarifies Position

Auckland, 12 December, 2003 – Fletcher Challenge Forests said this morning that it was not announcing a sale of its forest assets today, as suggested by the National Business Review in an article published today.

The Company will make an announcement once a sale has been concluded.

Ends


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