Press Release

7/24/2006

The Campbell Group to Acquire North Carolina Timber

PORTLAND, OREGON - July 24, 2006 - The Campbell Group, LLC is pleased to announce that it has executed the documentation with International Paper to purchase approximately 87,000 acres of timber in the state of North Carolina. The purchase will be made on behalf of TC&I, a company managed by The Campbell Group. TC&I already owned the land on which the timber resides.

"This is a great investment in the South for both our client and The Campbell Group" said John Gilleland, president of The Campbell Group.

The Campbell Group is a vertically integrated, full-service timberland investment advisory firm founded in 1981 to acquire and manage timberlands for institutional investors. Its exclusive focus is sourcing acquisition opportunities and managing timberland properties to produce superior risk-adjusted returns.

For more information contact John Gilleland or Gary Combs at (503) 275-9675

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