Offer Document Posted

RNS Number:7704D
European Forest Resources Acq Ltd
12 September 2007


Not for release, publication or distribution, in whole or in part, in or into
the United States, Canada, Australia or Japan.

FOR IMMEDIATE RELEASE

12 September 2007

                                   Cash offer

                                       by

                 European Forest Resources Acquisition Limited

                                      for

                             Highland Timber P.L.C.



Further to the announcement by European Forest Resources Acquisition Limited
(the "Offeror") of the terms of a cash offer (the "Offer") to be made by the
Offeror for the entire issued and to be issued ordinary share capital of
Highland Timber P.L.C. (the "Target") on 11 September 2007 (the "Firm Intention
Announcement"), the board of the Offeror is now pleased to announce that the
offer document dated 12 September 2007 (the "Offer Document") in respect of the
Offer and the Form of Acceptance are being posted to Shareholders today.

The Offer is of 120 pence per Share in cash and values the issued and to be
issued share capital of the Target at approximately #14.8 million.

The Offer is conditional, inter alia, upon the resolution to approve the FIM
Offer being defeated at an EGM of the Target convened for 20 September 2007.
Holders of Shares who wish to accept the Offer should therefore vote their
Shares against this resolution.

Copies of the Offer Document will be available for inspection at the offices of
Herbert Smith LLP, Exchange House, Primrose Street, London EC2A 2HS, during
usual business hours on any weekday (Saturdays and public holiday excepted)
during the Offer Period.

Terms used in this announcement have the same meanings as in the Firm Intention
Announcement



Enquiries:

European Forest Resources Acquisition Limited

William Straker-Nesbit                              +44 20 7596 1000

Auden Capital LLP

Piers von Simson                                    +44 20 3008 8830

Auden Capital LLP is an appointed representative of Mirabella Financial Services
LLP, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, and is acting for the Offeror and no-one else in connection
with the Offer and will not be responsible to anyone other than the Offeror for
providing the protections afforded to clients of Auden Capital LLP or for
providing advice in relation to the Offer, or the contents of this announcement
or any matter referred to herein.

The Offer will not be made, directly or indirectly, in or into, or by the use of
the mails or any means of instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or any
facilities of a national securities exchange of the United States, Canada,
Australia or Japan.  Accordingly, except as required by applicable law, copies
of this announcement are not being, and may not be, mailed or otherwise
forwarded, distributed or sent in, into or from the United States, Canada,
Australia or Japan.  Persons receiving this announcement (including without
limitation nominees, trustees or custodians) must not forward, distribute or
send it into the United States, Canada, Australia or Japan.

The availability of the Offer to the Target Shareholders who are not resident in
the United Kingdom may be affected by the laws of the relevant jurisdictions.
In particular, the Offer will not be made directly or indirectly into the United
States, Canada, Australia or Japan.  Shareholders who are not resident in the
United Kingdom should inform themselves about and observe any applicable
requirements.

This announcement does not constitute, or form any part of, any offer for, or
solicitation of any offer for, securities.  Any acceptance or other response to
the Offer should be made on the basis of the information contained in the Offer
Document and the Form of Acceptance.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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