Carter Holt Harvey Limited

To: Market Announcement Platform Company: NZX

Company Announcement Platform ASX

From: Nikki Cooper Date: 4 October 2005

Subject: Director Independence Determination

As required by NZX Listing Rule 3.3.1B(b), the Board of Carter Holt Harvey Limited has determined that Messrs Thomas Degnan, Timothy Hardman, Graeme Hart and Bryce Murray are not independent directors as defined by NZX Listing Rule 1.1.2.

The Board has further determined, taking into account the waiver granted by NZX Regulation dated 15 September 2005, that Mr Mark Burrows is an independent director of Carter Holt Harvey Limited.

Nikki Cooper
Administrator – Company Secretarial

ENDS