1. Presentation to FOMA Roadmap to Success 2003 Conference Friday 17 October 2003

2. 1989 Forestry Agreement NZMC and FOMA legal challenge upheld by High Court resulting in a formal agreement between the Crown and Maori Clause 6: Crown-Maori Agreement, 20 July 1989 “The Crown and Maori agree they will jointly use their best endeavours to enable the Waitangi Tribunal to identify and process all claims relating to forestry lands and to make recommendations within the shortest reasonable period”.

3. Role of CFRT Maori and Crown execute a deed to establish Crown Forestry Rental Trust Recital C, Trust Deed, 30 April 1990 a)Receive the rental proceeds from the Crown Forest Land upon which Crown Forestry Assets are located; and b) Make the interest, earned from investment in those rental proceeds, available to assist Maori in the preparation, presentation and negotiation of claims before the Waitangi Tribunal which involve, or could involve, certain Crown Forest land.

4. Current Trustees Sir Graham Latimer (Chairman) - 1990 to present Whatarangi Winiata – April 1997 to present Maryan Street – August 2000 to present Gregory Fortuin – November 2002 to present Paul Morgan – June 2003 to present Angela Foulkes – September 2003 to present

5. CFRT Tax Update CFRT continuing to seek the best tax solution (Charitable, Maori Authority, or Qualifying Trust). CFRT has a responsibility to seek the best option for its beneficiaries. CFRT continues to negotiate for a political solution for its tax status. CFRT has filed its appeal with Privy Council, due to be heard 24-25 Nov 2003 CFRT has confirmed two Trustees to oversee the resolution to the tax issue. Refer p3 Report to Appointors 02-03 for additional information

6. CFRT Errata A series of typographical errors have been identified in the 02/03 Report to Appointers. These errors appear on page 25 of the report. Corrections are: 20032002 Hauraki Ngati Koi Claimant Committee19, 758 King Country Maniapoto Maori Trust Board Te Maru o Rereahu Trust50, 625 Te Nehinehi Claims Roopu23, 625

7. CFRT Financials Total accumulated rentals as at 31 Mar 03 $348,934,191 Year To31 Mar 0331 Mar 0231 Mar 01 Total Income 21,300,000$21,300,000$21,500,000 Expenditure Direct Assistance To Claimants $5,540,000$7,065,000$5,888,000 Indirect Services $7,326,000$7,384,000$7,051,000 Administration $2,759,000$2,548,000$2,861,000 Refer to Report to Appointors 02-03 p 16 & 01-02 p 14

8. CFRT Focus CFRT supports early settlement of claims involving Crown Forest Licensed Land. Priority to support early settlement in the Central North Island and other early settlements where viable opportunities arise – Government advanced CNI as a priority. Deliver high quality information to support early settlement.

9. CFRT Activities Central North Island (CNI) Update Ngati Manawa and Ngati Whare have completed advertising deed of mandate - ended on 10 October 03. Ngati Tuwharetoa - preparing for deed of mandate Te Arawa – an Executive Council made up from Nga Kaihautu o Te Arawa has been selected as mandated representatives on behalf of all Te Arawa in direct negotiations with the Crown. Continued…

10. CFRT Activities CNI Update Continued… Ngai Tuhoe me Nga Hapu o Te Urewera are considering options for advancing their claims – first Urewera hearing is scheduled for Nov 03. While CNI discussions are at a very early stage, CFRT is optimistic that definite progress will be made towards returning significant assets to their rightful owners within the shortest reasonable period. Refer to Report to Appointors 02-03 p 7

11. CFRT Activities The CFRT has developed a series of policies to assist claimants to pursue settlement through either the Waitangi Tribunal process or by direct negotiation with the Office of Treaty Settlements. Ngati Apa – completed their deed of mandate six months ahead of schedule. Te Tau Ihu – cooperation between all parties means hearings for this district conclude in Jan 2004. Refer to Report to Appointors 02-03, Achievements pp 6-10 for additional claimant communities information

12. Business Development Team Why the need? Lack of understanding about how CFRT operates in the settlement process Lack of understanding around the realities of settlement Need to view settlement in larger context of Maori development

13. Business Development Team Work programme Define the settlement process from claimant perspective and how CFRT operates in that space Implement a sustainable development approach Educate claimant communities about the negotiations process

14. Settlement Process

15. Knowledge generation Negotiations Companions WTMandatePre-NegNeg Asset Growth Process Knowledge Process Knowledge

16. 3.Identify Capability Gaps And Refine Proposed Model 4. Layout Implementat ion Plan And Launch Strategic Initiatives 1. Review Starting Position Demographic and socio-economic characteristics Financial and non-financial assets and capabilities Trends affecting the hapu, the region and NZ in general 2.Develop Vision, Strategy And Enterprise Model Define requirements based on Maori aspirations Legal requirements Activities of related organisations ( Understand models employed by similar organisations Other Maori tribes Analogous organisations - NZ-based and offshore Design proposed enterprise model Key activities Organisa tion design Governa nce Linkages Develop vision and strategy Social Cultural Commerci al Environm ental BDT Development Framework

17. CFRT’s Role