The Manager

Companies Announcements Office Australian Securities Exchange

31 January 2017 Dear Sir/Madam,

MoU with Mitsui Bussan Woodchip Oceania for timber offtake

Kangaroo Island Plantation Timbers Ltd (KPT or the Company) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Mitsui Bussan Woodchip Oceania Pty Ltd (MWO), an Australian subsidiary of Japanese conglomerate Mitsui & Co Ltd.

The MoU sets out a framework and a timetable under which the Company will export its timber (as both woodchips and logs) from its plantations on Kangaroo Island. Timber products from Kangaroo Island will be sold via MWO and its related bodies corporate.

The arrangement gives MWO exclusive access to a valuable resource during a period of anticipated scarcity, while giving KPT the security of dealing with a highly-regarded and reliable trader, marketer and offtake partner.

The MoU also identifies areas for potential further cooperation and investment. Yours faithfully

Ms Vicky Allinson Company Secretary

79 Angas Street, Adelaide SA 5000

T (08) 8227 2482 F (08) 8312 2020

kipt.com.au ACN 091 247 166

Kangaroo Island Plantation Timbers Ltd. published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 February 2017 04:53:09 UTC.

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