Timbercorp Limited confirms the following information in relation to the Timbercorp Bond interest payment for the quarter ending 30 September 2008:

(a) The interest is to be paid on 30 September 2008.

(b) The amount of the interest payment is $2.24 per issued bond, calculated at 8.90% on the face value of the bonds ($100) for the payment period (92 days).

(c) The bond holders’ register will close at 5.00 pm on 22 September 2008 in order to determine entitlement to the interest payment (i.e. Record Date).