Timberlands Ownership

• Timberlands in North America
• Timberlands in Uruguay

TIMBERLANDS IN NORTH AMERICA

We manage 20.3 million acres of timberlands in North America. All of this acreage has been independently certified as meeting the requirements of the Sustainable Forestry Initiative standard. In October 2010, we joined with several First Nations, the Government of Ontario, and other forest companies and contractors to sign a historic shareholder-managed Sustainable Forest License covering the Kenora Forest in Ontario (shown as “cooperatively managed” on the map below).

TIMBERLANDS IN URUGUAY

We manage 325,580 acres of land in Uruguay, where we planted trees on grasslands that were primarily used for cattle grazing. A portion of this acreage is certified to the Forest Stewardship Council South American plantation standard. The remainder is managed to the requirements of our internal sustainable forestry policy. We collaborated with others in Uruguay to develop the Uruguayan sustainable forestry standard (UNIT), which has been endorsed by the Programme for the Endorsement of Forest Certification (PEFC).