Canfor Pulp Income Fund completes US$110 million cross-border private placement

Acted for Canfor Pulp Limited Partnership's private placement of US$110 million of unsecured notes to institutional investors in the United States, and $75 million unsecured revolving credit facility

Matter Value: US 185,000,000

November 30, 2006

On November 30, 2006, Canfor Pulp Limited Partnership (CPLP), the operating subsidiary of Canfor Pulp Income Trust, completed two debt financings, one by private placement of US$110 million of unsecured notes to institutional investors in the US, and the other a $75 million unsecured revolving credit facility with a syndicate of Canadian banks led by Bank of America.

CPLP was represented on both transactions by Doug Buchanan, Yukiko Kojima, Kate Bake-Paterson and Sarah Ciarrocchi from the Vancouver office of Davis LLP.