December 20, 2012

New Forests will acquire all the assets of Gunns Timber Products (GTP), including the Bell Bay and Tarpeena sawmills. The transaction is anticipated to complete in late January 2013. 

Mark Korda and Bryan Webster, Receivers of Gunns Limited and its wholly owned subsidiaries (Gunns) (ASX: GNS), confirm they have signed a sale and purchase deed with New Forests to sell the timber business as a going concern. The sale price is confidential. 

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