The Bute Forest Group comprises two forest investments in the Wairarapa which are considering a proposal by manager Forest Enterprises to harvest as a collective.

The joint venture participant forest investments are Awadale and Tinui.

The information on this page is for the benefit of the investors in the participant forests as they prepare to vote on the Collective Harvest proposal.

Collective Harvest by Joint Venture

Collective Harvest by Joint Venture Report, October 2021

Letter from Forme Consulting, 30 August 2022 – Bute Group – Collective Harvest by Joint Venture, Plan Variation and Review of Forestry Inputs into Harvest Costs and Revenue Share Calculations

Awadale & Tinui Joint Harvest Wood Flow and Cashflow

Awadale Forest Wood Flow and Cashflow, August 2022

Tinui Forest Wood Flow and Cashflow, August 2022

Awadale & Tinui Joint Venture Share Allocation

Awadale & Tinui Harvest Share Calculations Report, August 2022

Deloitte Discount Rate Opinion, December 2018

Land LP Share Allocation

Morice Limited valuation report on Bute Group Land LP Share Allocation, July 2022

Harvest Management Fee

Minutes of Meeting and Vote Certificates – respective Harvest Management Fee vote for each participant forest (these votes have closed)

Summary of Forest Enterprises Harvest Management Services, 20 September 2021

Forme Consulting Group Limited opinion on Harvest Management Fee, 10 May 2021

Background Information

Client Update to Investors, 14 February 2022

Awadale & Tinui Combined Meeting, 29 July 2022 – Slides

Awadale & Tinui Combined Meeting, 29 July 2022 – Meeting Recording

Managed Investment Scheme Information (Companies Office Disclose Register)

Awadale Forest Investment

Tinui Forest Investment