Tenon Provides Update On Forest Consent Process

Tenon Provides Update On Forest Consent Process

Auckland, 23 April, 2004 – Tenon Limited advised today that it had to date received consents for the transfer of non-freehold forest assets to the Kiwi Group consortium covering approximately NZ$82 million of such assets (including NZ$40 million of consents previously disclosed to the market on 25 March 2004), which is approximately 40% of the total value of the non-freehold assets.

The Company has until the end of August 2004 to obtain all necessary consents.

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