1. Papyrus Australia Walkamin Conversion Facility Status update Nov 2009

2. Entrance to Mt Uncle Plantation, Walkamin

3. New Lady Finger Plantation near the Papyrus facility

4. Concrete foundation / floor being poured December 2008

5. Steel work being erected January 2009

6. Internal view of new shed January 2009

7. Road front view of new facility at Walkamin January 2009

8. Gas storage area view from back of the facility January 2009

9. Veneer dryer install in progress February 2009

10. Veneer dryer installation nearing completion February 2009

11. Beta veneering Unit in Situ March 2009

12. Beta veneering Unit being commissioned March 2009

13. Oil transfer thermal heating unit being installed March 2009

14. Trunk Billetiser / conveying system installation March 2009

15. Veneer exiting the BVU into the factory during commissioning May 2009

16. Veneer being conveyed and quality checked May 2009

17. Veneer ready for drying

18. Veneer tones post drying

19. Veneered coffee table on display during the Monaco Yacht show Sept 2009

20. Veneered Unit on display during the Monaco Yacht show Sept 2009

21. Veneered TV Unit on display during the Monaco Yacht show Sept 2009

22. Jaguar Airbag panel on display during the Monaco Yacht show Sept 2009

24. Banana fibre board product displayed during the Monaco Yacht show Sept 2009

26. Banana fibre board model boat filled with accelerant and set alight until it self extinguished (the burn time was approx 20mins) – it remained afloat and intact with only internal surface charring

27. Dried veneers with its deep tones and contrasting stripe engineered through process control

28. Thank you for your attention