2 August 2005
Carter Holt Harvey Confirms Protocols
Carter Holt Harvey (CHH) today confirmed that it had agreed a set of protocols with International Paper (IP) covering
IP’s review of its shareholding in CHH.
On 27 June, CHH announced that its majority shareholder, IP, intended to explore strategic alternatives for its 50.5%
stake in CHH. At the time, IP advised that it would consult with the Board of Directors and management of CHH to
facilitate the review process.
Chairman of the CHH Board, John Maasland confirmed today that the protocols agreed between the Company and IP were
designed to facilitate a process which is focused on maximising value to all shareholders.
IP has advised that it hopes to complete the review process before the end of the year. In the meantime, it is business
as usual at CHH.
Parties interested in participating in this process should contact one of the following:
ENDS