Press Release

12/16/1999

Hawthorne Timber Company, LLC Finalized the $397 Million Purchase of Timberland in California

Portland, Oregon - Dec. 16, 1999 - Hawthorne Timber Company, LLC finalized the purchase of 194,000 acres of timberland from The Timber Company (www.thetimbercompany.com), a separate group of Georgia Pacific. The property is located in northern California in Humboldt & Mendocino counties.

"This acquisition creates an opportunity for The Campbell Group to demonstrate, once again, the balance of sound investment principles, best forestry practices and a strong commitment to the environment" said Duncan Campbell, President and founder of The Campbell Group.

Hawthorne Timber Company, LLC is an investment entity managed and partially owned by The Campbell Group, Inc. The Campbell Group (TCG) is a timber investment and management company. Currently, TCG has over $700 million in assets under management. In its 17-year history, the company has been involved with over $1 billion of acquisitions and has managed over 600,000 acres.