The Most Established Investor Event in Timberland: Why You Need to Be There

The landscape of the global Timberland investment market is rapidly changing. The sale of some of the last large industrial parcels of land in the US is nearing completion. Higher levels of leveraged financing and a downturn in the housing market have caused a squeeze in historically high rates of returns. As a result, investors who have accumulated pools of funds for Timberland investing are beginning to look towards international markets and to explore alternative options for generating revenue from their Timberland holdings.

Back by popular demand, the 3rd Timberland Investing World Summit returns to engage investors, international institutions, educators and governments on the most pressing issues in the market today. For registration, click here.

Summit Agenda

Monday, October 29, 2007

8:00 Registration

8:45 Chairman’s Introduction

Jim Webb

Senior Vice President

RMK TIMBERLAND GROUP

9:00 The Future Of US Timber And Timberland Investing

Changes in the US market post Temple Inland

Rates of return in North American timber markets

Functioning as an investor in a sellers’ market

Impact of currency exchange rates on the competitiveness of foreign investors for US investment opportunities

Reid Carter

Managing Partner

BROOKFIELD ASSET MANAGEMENT Liane Luke

Managing Director

FOUR WINDS CAPITAL MANAGEMENT Brian Watson

Manager Timber Investments

SIRIOS CAPITAL MANAGEMENT LP

9:45 Identifying Investment Opportunities And Increasing Returns In US Timber Investments

Sourcing fair value opportunities for pooled and commingled funds in a sellers’ market

Due diligence for investments in a changing market

Alternative valuations and factoring them into purchasing decisions

Balancing long and short-term investment expectations

Why continue to invest in the US timber market?

Diversity and efficiency benefits of US investment

Historical cycles and patterns in US timber

The real risks of investing in a changing US timberland market

Chris Zinkhan

Managing Director

THE FORESTLAND GROUP Dick Molpus

President

MOLPUS WOODLAND GROUP

Thomas N. Urban

President and Chief Executive Officer

CELLFOR Mike Clutter

Dean

THE WARNELL SCHOOL OF FORESTRY AND NATURAL RESOURCES, THE UNIVERSITY OF GEORGIA

10:30 Networking Coffee Break

11:15 Integrating Timber Into Investment Portfolios

Volatility, correlation and alpha in timberland investing

Understanding the importance of time horizons in timber investments

Comparing timberland to other alternative assets: a risk / returns perspective

Diversifying portfolios though timberland investments

Tim Corriero

Managing Director

FIA TIMBER PARTNERS Andrew Kelsen

Director of Alternative Investments

GRAY & COMPANY

11:45 Leverage, Debt And Securitization In Financial Structuring For Timberland Investments

Deconstructing leverage structures in complex financial modeling

Raising additional capital for pooled acquisitions

Comparing discount rates on all-equity and leveraged transactions

The tradeoff between debt obligation structures and leverage

Using non-cash instruments to finance future acquisitions

Analyzing structures using public debt to create timber investment opportunities

Jerry Barag

Managing Director

TIMBER STAR

12:45 Networking Luncheon

1:45 Understanding Investor Perspectives

Factors driving and restricting investment in timber

Key concerns in choosing a TIMO or other timber investment partner / manager

Weighing US and international opportunities against various types of risk

Jeb Burns

Chief Investment Officer

MICHIGAN MUNICIPAL EMPLOYEES RETIREMENT SYSTEM

2:30 Sustainable Development And Conservation In US Investments

Advantages of conservation easements

Benefits of NGO partnerships from an investor perspective

Building an investment around sustainable development goals

Uses of certification and partnerships in land acquisition

Laurie Wayburn

President

THE PACIFIC FOREST TRUST Kent W. Gilges

Managing Director Finance and Acquisitions

THE NATURE CONSERVANCY

3:15 Networking Coffee Break

3:45 Maximizing Returns From Higher-Better-Use Land

The benefits of designating and identifying HBU land

HBU land valuation techniques

Factoring in or parceling out HBU land for land sale

The attractiveness of self-developing HBU lands for timber investors

What HBU land is going to be most valuable? A rural real estate analysis

Impact of HBU land on portfolio strategy

Clark Love

CEO

LANWORTH

4:30 Monetizing Carbon Credits For Timberland

Overview of the structure and strengths of the US carbon trading market

How do carbon credits get assessed for Timberlands – and who regulates them?

Securing carbon credits and conducting financial valuations

Prospects for a US carbon trading scheme and the status of state and regional level initiatives

EU emissions trading scheme and opportunities in emerging markets

Peter J. Stewart

Chief Executive Officer

FOREST2MARKET

5:15 Assessing The Future Potential For Producing Cellulosic Ethanol From Timber Products

The current status in developing technologies for timber based ethanol production

Understanding the role of timber related biomass in the liquification and production process

Roadblocks to beginning production today: What investors need to know

The use of wood chips and pellets in fuel generation

The current political and policy climate for Bio-Fuel investment

Jeff Nuss

President and Chief Executive Officer

GREENWOOD RESOURCES

6:00 Networking Reception

________

Tuesday, October 30, 2007

8:00 Registration

8:45 Chairman's Introduction

Mark Stayer

Shareholder

Schwabe, Williamson and Wyatt

9:00 Going Global With Timber Investments

Matching strategies and opportunities with investor risk appetites

Factors to consider in deciding whether to enter into new markets or remain domestic

Realities of returns from foreign investments

What are the most popular investment markets and why?

Analyzing risk characteristics: political, currency, and other forms of risk

Addressing a lack of information on certain markets

Bret Vicary

Vice President

JAMES W. SEWALL COMPANY Eva Greger

Managing Partner

GMO RENEWABLE RESOURCES

Dennis A. Neilson

Director

DANA LIMITED Robert Hagler

Principal

FORESTEDGE INTERNATIONAL

9:45 The Next Generation Of Policy And Regulation In US And International Timberland Investing

Implementing and integrating lobbying and policy influence into timberland business strategies

Utilizing mitigation and other constructs to generate additional returns on timberland assets

Harnessing the Kyoto protocol to increase returns in international markets

Scott Jones

Executive Vice President

Forest Landowners Association

10:30 Networking Coffee Break

11:15 Building Partnerships In Emerging Timber Markets

Structuring international partnerships and goals

Leveraging local and organizational knowledge in project planning

Healthy growth and lower risk through sustainable local development

The use of conservation, certification and sustainability in investment agreements

Steve Gretzinger

Regional Head

WWF GFTN CENTRAL AMERICA

11:45 Latin American Forest Investment Attractiveness Index

An update to the 2004 edition of the index across 80 variables and 20 indicators

Utilizing data to drive individualized quantitative investment models

Factoring indexes into due-diligence

Jose Rente Nascimento

Senior Natural Resource Specialist

INTER AMERICAN DEVELOPMENT BANK

12:15 Navigating An Expanding Latin American Investment Market

An overview of land ownership regimes, tax structures and key areas of risk

A snapshot of the returns that current investors are earning

Identifying investment opportunities in various regions of central and south America and matching them to specific investment objectives

Factoring diversity and hardwood ownership into the investment process

Building partnerships with local and international organizations

Kurt Akers

Director of Research

GLOBAL FOREST PARTNERS Aldo de Cresci Neto

Partner

FLEURY MALHEIROS GASPARININ DE CRESCI E NOGUEIRA DE LIMA ADVOGADOS Eliseo Quintanilla

CEO

ECOBOSQUES

Mark Wishnie

Director of Project Management

EQUATOR ENVIRONMENTAL José Leal

Chief Executive Officer

Brazil Timber

1:15 Networking Luncheon

2:15 African Investments: Experiences, Partnerships And Possibilities

International investing initiatives in natural and plantation / managed forestry

The existing environment and structures promoting or obstructing investor confidence

Acquiring and harnessing forest certifications to drive investments

Forging partnership that provide sustainable development for local communities and enhance returns through timber products

Jon Lewis

Managing Director

PLATINUM CAPITAL PARTNERS Mads Asprem

Managing Director

TREE FARMS AS

3:00 Searching Asia And Australasia For The Next Generation Of Timber Investing

Existing timber and forest product trade in Australia, China, Indonesia and New Zealand

Joint agreements on land ownership for foreign investors

Sustainable forestry initiatives and partnerships

Legal and capital flow structures and incentives for the timber industry

Plantation diversity and key varieties driving Australasian investment

Olli Haltia

Chief Executive Officer

INDUFOR Jeff Nuss

President and Chief Executive Officer

GREENWOOD RESOURCES Marcus Derham

Chief Executive Officer

Willmott Forests

3:45 European Investment Opportunities

Addressing land fragmentation and historical ownership

Tax structures, title clarity and risk compared to other non-US markets

Timber quality and yields as compared to other markets

Export issues and benefits for the international investor to invest in Europe

Market efficiency comparisons compared to US timber investing

Christian Roeckemann

Managing Director

FIRST FOREST GMBH

4:30 Conference Concludes