The Forest Company publishes Net Asset Value as of March 31st, 2011.

May 31, 2011 17:17

St Peter Port, Guernsey, Tuesday May 31^st, 2011 - The Forest Company Limited, a closed-ended investment company, incorporated and registered in Guernsey, announced that the Net Asset Value as of March 31^st, 2011 was USD 199,278,520 or USD 9.00 per share.

For additional information, please contact:

Vielcka D. Dutt, The Forest Company, +1 441 295 4736

About The Forest Company:

The Forest Company is a vehicle that combines socially and environmentally responsible forestry investment with unique potential for stable and attractive returns through the participation in the value chain of competitive and sustainable industries.

The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey in 2007, in order to take advantage of investment opportunities in trees, timberland and timber related assets. The Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. As of March 31^st, 2011, The Forest Company had raised USD176 million in equity capital through private placements to institutional investors and family offices. Thus far, the Company has committed capital to four projects which include both greenfield and standing plantations located in Brazil and Colombia.

The Company aims to build a diversified timberland portfolio in terms of age, class and species that is intended to maximise the risk/return profile. The Company believes that this approach will generate both long-term capital appreciation for shareholders and an attractive and sustainable income yield. For more information, visit www.theforestcompany.se.

Timber Capital Limited is the investment manager to The Forest Company.

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Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States. No offer is directed at individuals whose participation would require additional prospectus, registration or other measures beyond those prescribed by Swedish law, or would violate applicable rules in such countries. Any Prospectus or application form relating to any offer, may not be distributed in any country in which the distribution of an offer or any offer itself requires measures as outlined above, or are contrary to the regulations in such countries.

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The Forest Company publishes Net Asset Value as of March 31st, 2011