We are pleased to bring to you our February 2013 Newsletter. The Conference

program is complete and we are sure you will find it exciting, interesting and a ‘must attend’ event.

SAVE US$325 and register before Friday 1 March 2013. The registration fee

will increase from US$1685 to US$2010 on 2 March 2013. If more than one person

from a company registers, a further discount will apply. At this time people from 31

countries have registered.

North American Wood Pellet Exports Hit New Record Volume in 2012.

Exports of wood pellets from both Canada and the USA hit new all-time record

volumes in 2012, up 40% from 2011. Although there are still some problems with

reporting statistics, we estimate that in 2012 Canada exported nearly 1.4 million

tonnes of wood pellets and the USA exported over 1.9 million tonnes. The vast

majority of Canadian exports are from British Columbia to Europe, although a small

volume of about 100,000 tonnes was exported to Japan. Exports from the USA are

from a number of large producers in the US South, including Georgia Biomass (RWE),

Green Circle Bioenergy, FRAM and Enviva.

The most striking announcement came in mid-December when Drax, a UK power

company, stated its intention to build two 450,000 tonnes pellet plants, one in the state

of Louisiana and one in Mississippi. Most other export oriented pellet plants, while

invested in by European utilities, are separate US-based entities, with supply

agreements and MOU’s defining the business relationship.

Refer to page 2 for further information.......................

Pöyry Management Consulting

As a new addition to the Istanbul events, Pöyry Management Consulting will organise

a pre-conference seminar on April 8 with the theme "The world is changing - are you

ready for the change?". This seminar will be available for those invited by Pöyry

(invitations will be sent in the early-mid February). More information is available by

contacting marja-leena.lyytikainen@poyry.com.

Exhibition

The committee is pleased to welcome Peterson Pacific who will have an exhibition

stand at the conference.

Gallipoli Tour, Pre Conference Field Trip and Post Conference Field Trip

Two seats remain for the Gallipoli Tour.

Seats remain available for the Pre Conference Field trip to the Yildiz MDF Factory.

Post Conference Field trip to Regions Timberland Group poplar plantation in Western

Hungary has one x one way ticket available and return tickets upon request.

Refer to Pages 5 & 6 for further information..................

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enter your email address and UNSUBSCRIBE in the subject box UNSUBSCRIBE

6th International Woodfibre Resources & Trade Conference

“ W oodchips & Biomass for Global & Regional Markets ”

Sunday 7 - Wednesday 10 April 2013 Istanbul, Turkey

Inside this issue:

Overview 1

North American Wood Pellet Exports……...

2

Program/Speakers 3/4

Gallipoli/Pre Conference

Field Trip

5

Post Conference Field

Trip 6

Social events & Tours 6/7

Newsletter Date: 19 February 2013 Volume 9: Issue 1

PR Conference Consultants PO Box 502

Kilmore Vic 3764 Australia

+61 3 5781 0069

+61 3 5781 0082

enquiry@prcc.com.au

Enquiries:

Wood Resources

International

North American Wood Pellet Exports Hit New Record Volume in 2012.

Exports of wood pellets from both Canada and the USA hit new all-time record volumes in 2012, up 40% from

2011. Although there are still some problems with reporting statistics, we estimate that in 2012 Canada exported

nearly 1.4 million tonnes of wood pellets and the USA exported over 1.9 million tonnes. The vast majority of

Canadian exports are from British Columbia to Europe, although a small volume of about 100,000 tonnes was

exported to Japan. Exports from the USA are from a number of large producers in the US South, including

Georgia Biomass (RWE), Green Circle Bioenergy, FRAM and Enviva.

The most striking announcement came in mid-December when Drax, a UK power company, stated its intention

to build two 450,000 tonnes pellet plants, one in the state of Louisiana and one in Mississippi. Most other export

oriented pellet plants, while invested in by European utilities, are separate US-based entities, with supply

agreements and MOU ’ s defining the business relationship.

The three major European pellet import countries remain the UK, the Netherlands, and Belgium, while Italy,

Denmark and Sweden are notably involved in pellet imports from North America, but on a much smaller scale.

Denmark ’ s Dong Energy utility, however, announced its intentions to switch to woody biomass at three of its

coal plants, an action likely to add demand from the US Southeast.

Announced US South pellet export plants increased sharply in the 2nd half of 2012. Export pellet

facilities, which are under construction, conversion or redesigned will add an additional 1.7 million tons of

capacity during 2013, as reported in the North American Wood Fiber Review (www.wri-ltd.com). In addition to

these plants that are already under construction, five more large new plants have been announced, and if they

are actually built on the disclosed sites, they would bring another 2.3 million tons of capacity into play by the end

of 2014.

The rapidly developing international trade in biomass will be a focus of discussion at the upcoming

International Woodfibre Resources and Trade Conference, to be held April 8-10, 2013 in Istanbul,

Turkey.

* Christian Rakos, President of the European Pellets Council, will talk about the outlook for development of

the wood pellet markets in Europe.

* Bob Flynn, of RISI, will talk about woodchip and wood pellet exports from North America, and

* Kiyoshi Kamikawa of the Japan Paper Association will talk about the markets for woodchips and biomass

in Japan.

There will also be a panel discussion on dedicated biomass plantation development and investment, which will

include Jeff Nuss, CEO of Greenwood Resources; Michael Weitz, MD of Lignovis GmbH; and Joao Cordeiro,

Principal, Pöyry Management Consulting.

See Pages 3 and 4 for further program details..........

Page 2 6th International Woodfibre Resources & Trade Conference

From page 1

www.woodfibreconference.com

Page 3 6th International Woodfibre Resources & Trade Conference

Conference Program, including Speakers as at 19 February 2013

www.woodfibreconference.com

Tuesday 9 April 2013

Time Topic

8:30am - 8:40am Welcome 8:40am - 9:20am Outlook for the international pulp markets

Oliver Lansdell, Director — Pulp and Paper, Hawkins Wright, UK

9.20am - 9.50am Transportation impact on international woodchip and

biomass trade Bjørn Bodding, Senior analyst and Partner,

RS Platou Economic Research, Norway 9:50am - 10:20am Morning Break

10.20am - 10.50am International wood fibre price trends and outlook

Hakan Ekstrom, President, Wood Resources International, USA

10:50am - 11:20am Japan woodchip market and outlook

Kiyoshi Kamikawa, Managing Director, Japan Paper Association, Japan

11.20am - 11.50am China woodchip market and outlook, & biomass import

potential Gavin Hao, Forest Specialist,

RISI Shanghai, China 11:50am - 12:00pm Q & A to above speakers

12:00pm - 1:30pm Lunch

1:30pm - 2:00pm Australia, Fiji & New Zealand woodchip supply and outlook

Greg McCormack, Chairman, Midway Limited, Australia

2:00pm - 2:30pm African woodchip supply and outlook

Patrick Kime, General Manager, NCT Forestry Cooperative Limited, South Africa

2:30 pm- 3:00pm Latin America woodchip supply and outlook

Miguel Zunino, Commercial Managing Director, Comaco Forestal, Chile

3:00pm - 3:30pm Afternoon Break

3.30pm - 4.30pm Southeast Asia woodchip supply and outlook: How

sustainable? Dennis Neilson, Director, DANA Ltd, New Zealand

4:30pm - 5.15pm North America woodchip & wood pellet supply and outlook

Bob Flynn, Director International Timber, RISI, USA

6:30pm - 9:00pm Welcome Reception and dinner at The Marmara Esma Sultan Palace

(sponsored by Yildiz Entegre A.S)

Page 4 6th International Woodfibre Resources & Trade Conference

Conference Program, including Speakers — continued

Register now and don't miss this opportunity to attend this informative conference!

Wednesday 10 April 2013

Time Topic

8:50am - 9:00am Welcome and housekeeping announcements

9.00am - 9.30am Outlook for international wood panel markets—

Laszlo Döry, President, European Panel Federation, Austria

9.30am - 10.00am Turkish woodchip market and outlook

Hakki Yidiz, Managing Director, Yildiz Entegre A.S., Turkey

10.00am - 10.10am KEAS company overview

Selcuk Inan, Foreign Purchasing Expert, Kastamonu Entegre A.S, (KEAS), Turkey

10:10am - 10:40am Morning Break

10.40am - 11.10am European biomass/pellet market outlook from a European

utility's perspective Christian Rakos, President,

European Pellet Council, Austria

11:10am- 12:10pm Dedicated biomass plantation developments & investment

analysis: Global developments. Presentations on Europe, Latin America, USA, Africa, Asia

Jeff Nuss, CEO, Greenwood Resources, USA; Michael Weitz, Managing Director, Lignovis GmbH, Germany; João Cordeiro,

Principal, Pöyry Management Consulting, Finland

12:10pm - 1:30pm Lunch

1:30pm - 2:00pm Sustainability/Certification and legal wood requirements:

Impact of 2013 European decisions and other recent laws Ulrich Leberle, Raw Materials Manager, CEPI, Belgium

2.00pm - 2.30pm Iberian pulp log, woodchip and biomass supply, demand and

outlook Pedro Lencart, Managing Director,

Sierras Calmas (ENCE), Uruguay

2:30pm - 3:00pm Central-Northern Europe pulp log and woodchip supply,

demand and outlook Thomas Agrell, Wood Supply Manager for Sydved/StoraEnso, Sweden

3:00pm - 3:30pm Afternoon Break

3:30pm - 4:00pm An investor's perspective on global investments in pulpwood

and biomass plantations Jon Caulfield, Director of Research & Analysis, Regions Timberland Group, USA

4.00pm - 5:15pm Invited panel discussion on woodchip and biomass supply:

Introduction of new projects

Only two seats remain.

Delegates to make their way to the Hilton Istanbul Hotel for pickup on Friday morning

10am to transfer to Canakkale by luxury coach.

5 April 2013 (Friday)

On the way to Canakkale visit TROY

6 APRIL 2013 (Saturday)

09:00 Departure from the hotel

09:30 Ferry to Eceabat

10:00 Drive to Anzac Sites—Visit Anzac Cove; Ariburnu; Simpson ’ s Grave;

Lone Pine and Chunk Bair

13:00 Lunch at Kum Hotel

14:45 Visit of the museum

15:30 Drive to ferry

16:00 Ferry to Canakkale

16:30 Drive to Kolin Hotel

16:45 Arrival to the hotel, time at leisure at the Hotel

19:30 Dinner at the main Restaurant of the hotel

7 APRIL 2013 (Sunday)

8.00am Depart hotel for Istanbul

2.00pm Arrival Hilton Hotel

Optional visit to Gall ipol i: Friday 5 - Sunday 7 Apri l, 2013

Yildiz Entegre A.S. Seats are limited to the first 100 registrants so register now!

This is a full day tour and delegates will be collected from the Hilton Istanbul Hotel at 8.00am on Monday 8 April 2013 and returned around 5.00pm. The Conference registration desk will open at 4.30pm on Sunday for those attending to collect their namebadge and pack. Delegates will have the opportunity to visit the world's largest single site MDF production complex (500,000 sq. metres, producing 3,500 m³ of MDF per day), plus a visit to its woodchip import port. Yildiz imports pulplogs from several European countries and imports woodchips from the USA, Brazil, Venezuela and Canada, and exports wood panels to several markets. Cost is US$250.00 per person and is limited to Conference attendees only.

6th International Woodfibre Resources & Trade Conference Page 5

Optional Pre-Conference Field tr ip - Monday 8 April , 2013

www.woodfibreconference.com

Cost is US$850.00 per

person and includes:

-2 night’s accommodation

and breakfast

-Lunch Friday & Saturday

(meal only) drinks at own

expense

-Dinner Saturday night

(meal only) drinks at own

expense

-Entrance fees to ANZAC

sites and Museum

-Snacks and bottled water

during the tour

-Luxury Coach and English

speaking guide

Optional Post Conference Field Trip - Thursday 11 & Friday 12 Apri l, 2013

Regions Timberland Group - Western Hungary. 1 x one way ticket available. Return tickets are upon request and cannot be guaranteed. Offer open until 14 March 2013. A 1 ½ day field trip to see dedicated biomass plantation operations in Western Hungary. This trip will visit short rotation hybrid poplar plantations managed by Regions Timberland Group, a US-based Timber Investment Management Organisation, and will include planting and harvesting, as well as a possible visit to a biomass heat plant using this woodfibre for energy.

Page 6 6th International Woodfibre Resources & Trade Conference

Partners attending will go on a separate tour of Sümeg on the Friday and then meet up with the delegates at

the end of the day for lunch and the transfer to Vienna.

Social Events and Partner Tours

Monday Evening Pre-Registration/Networking: Hilton Conference Centre

Sponsored by Cogent Fibre

Delegates are invited to collected their conference pack and enjoy a drink and nibbles in the Exhibition area,

with new and existing colleagues. One ticket to this event is included in the conference registration. Please

ensure you indicate your attendance when you register.

Additional tickets can be purchased for US$45 per person.

www.woodfibreconference.com

Social Events and Partner Tours continued…..

Page 7 6th International Woodfibre Resources & Trade Conference

Tuesday Evening Welcome Reception : The Marmara Esma Sultan Mansion

Sponsored by Yildiz Entegre A.S.

Included in the registration fee is a ticket to this famous mansion, and an all inclusive dinner.

Built in the 19th century as a family home, it has been used during the years for many other purposes. It was

burned in 1975 and re-constructed in 2001 using glass and steel to keep the building together. Located on the

Bosphorus, its garden still contains the remains of the cistern, the Turkish bath and the stable.

Please ensure you select this option when registering for the conference. An evening not to be missed.

Additional tickets can be purchased for US$120 per person.

During the days of the Conference in Turkey, tours around Istanbul have been designed for the partners of the

delegates to enjoy the many historical sights.

These include:

Monday: The Topkapi Palace and Grand Bazaar

Tuesday: Hippodrome, Blue Mosque and Hagia Sophia

Wednesday: Dolmabahce Palace by boat

Tours will only operate with a minimum of 15 people, so if your partner is attending with you to the conference,

ensure you book them on these tours. Please click this link to read further about the tours.

Tours are optional extras to the conference registration fee.

Partner Tours

www.woodfibreconference.com