KURA Kurawood

    KURAWOOD PLC                                  

                               AGENCY AGREEMENT                                

Kurawood PLC ('Kurawood' or 'the Company') announces that it has signed an
agency agreement with Hong Kong based Matrex Global Limited ('Matrex'). Matrex,
acting in their capacity as a full commissioned `del credere' agent has
undertaken to market and promote Vecowood and is guaranteeing to Kurawood the
due performance of any contract of sale with customers located in the
territories of China, Japan, Korea, Taiwan, Vietnam and Australia. Matrex is
appointed for an initial period of five years and is subject to them achieving
certain minimum yearly sales targets.

Matrex President and CEO, Mr Yun Woo Ko, said, "We are excited about the
significant opportunities that Kurawood presents to create value and growth
both for Matrex, Kurawood and our rapidly expanding network of customers.
Having conducted our own initial marketing, we are satisfied that Vecowood�
answers the demand for durable, dimensionally stable wood for window frames,
doors and flooring where heat and humidity causes swelling. We also expect the
added benefit of Vecowood's� environmental sustainability credentials and
organic certification to offer a strong competitive advantage to our customers
in this market. We are delighted to have secured our agency agreement with
Kurawood and are committed to live by our motto, "in partnership, we grow
together".

Kurawood's Chairman and CEO, Roy Tilleard, added, "Early on in our development
we established that there is overwhelming potential for Vecowood� within the
Asian markets as demand for certified forest products (CFPs) continue to rise
in Japan with China, the world's largest hardwood importer, producing an
increasing array of CFPs mainly for re-export to North America and Europe".

Conservative estimates put Chinese demand for all types of wood (for both their
domestic and re-export markets) at 239 million cubic metres in 2010 but will
only have a domestic production capacity of 144 million cubic metres leading to
a potential import demand for upwards of 125 million cubic metres of wood. With
their local knowledge and experience we are delighted to have secured the
services of Yun and his colleagues to trade with China and the other Asian
territories in these rapidly expanding marketplaces whilst the team at Kurawood
further develop similar environmentally sensitive markets closer to home".

Matrex will be supplied from Kurawood's wholly owned subsidiary PG Industries
Limited. This subsidiary, based in Tauranga, New Zealand, operates expanded
production facilities capable of producing 0.3 million m3 of Vecowood� per
annum.

Enquiries:

Justin Martin, Kurawood plc

Tel: +44 (0)1624 820040    

James Caithie, Dowgate Capital Advisers Ltd

Tel: +44 (0)20 7492 4777

Ruari McGirr/Mark Anwyl, St Helen's Capital plc

Tel: +44 (0)20 7628 5582

John Bick, Hansard Group

Tel: +44 (0)20 7245 1100

End

About Matrex Global Ltd ("Matrex")

Formed in 2001, Matrex has grown rapidly to become the specialist marketer of
forestry products in the Far East. From headquarters in Hong Kong and satellite
offices in Seoul, Shanghai, Melbourne and Auckland, today Matrex manages
integrated supply chains delivering logs, sawn timber and engineered products
to over 70 customers in 8 Asian target markets, regularly generating a turnover
in excess of US$50 million per annum.

About Kurawood PLC

In today's global economy where increasing demand for soft and hardwood timber,
conflicts with deforestation and other environmental concerns, Kurawood PLC
aims to build a significant and successful presence as a supplier of
sustainably managed hardened wood and certified forestry products to amongst
others, the primary building and flooring markets. Listed on AIM in September
2007, Kurawood PLC uses its proprietary organic Veco formulation to enhance
plantation grown softwoods, giving them the dimensional stability, durability
and usability akin to traditional virgin forest hardwoods at a lower cost.





END

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