Shareholders Meeting Not Required To Approve Tarawera Forestry Right Sale
Auckland, 5 May, 2004 – Tenon Limited announced today that it had received confirmation from both the New Zealand
Exchange and the Australian Stock Exchange that shareholder approval was not required in respect of the NZ$165 million
Tarawera forestry right sale to Kiwi Forests Group Limited and Hancock Natural Resource Group, Inc. The sale was
announced to the market on 1 April 2004.