Continental Wood Ltd has announced a restructuring of their UK businesses,
into two distinct trading units.

The Softwood trading company, Continental Wood Products Ltd will continue
to trade from its Westerham base, in Carcassing, Fencing Products, Birch,
and Pallet timbers, headed by a new Managing Director, Mr Alan Penfold,
who will assume this role from 1st May 2010. Alan is well known within the
timber industry, and will bring his selling skills, and management expertise to
this new role.

A new unit, Norvik Shipping is to be formed, which will incorporate the
activities of Baltic Distribution, Crouch Shipping Agency, and MV Mosvik, the
ship owned by CWL. The Managing Director for this operation is Mr John
Phillips, who was a founder member of Continental Wood, and will bring his
experience in logistics to the new unit, in order to expand the port and
shipping operation, for both CWP and third party cargoes.

The day-to-day management of Baltic Distribution and Crouch Shipping
Agency will continue to be handled by Mr Robert Croshaw and Mr Dean
Border, both of whom report to Mr John Phillips.

Both, Mr Alan Penfold and Mr John Phillips will report to Mr Sampsa Auvinen,
CEO, Norvik Timber Industries.

Continental Wood Ltd is a subsidiary of Norvik Group and Norvik Timber

Additional information by:

Sampsa J. Auvinen, CEO
Norvik Timber Industries
Tel: +371 28631100
Tel: + 44 7979 754532

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.