Phaunos Timber Fund Limited (the “Company”) is a closed ended investment company registered in Guernsey which aims to provide its shareholders with attractive long term total returns through a diversified global portfolio of timberland and timber-related investments. FourWinds Capital Management is the Investment Manager of the Company.

The Company has a broadly diversified portfolio including investments in North America, South America, Africa, Asia, and Australasia and the Investment Manager’s goal is to enlarge commitments in the regions where investments have already been made.

Launched in 2006, the Company has approximately US$622 million of assets at 30 June 2011. The Company completed its programme of full investment by the year-end, and held a cash reserve for committed projects and working capital.

The Ordinary Shares of the Company are admitted to trading on the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange. The Ordinary Shares are also admitted to listing and trading on the CISX.

The Company's ticker is PTF. Its capital is denominated in US Dollars. The Company does not have a fixed life.