HTB Highland Timber

    HIGHLAND TIMBER P.L.C. ("Highland" or "the Company")

28 November 2007

RESULT OF EGM

The Company announces that, following the resolution proposed at the
Extraordinary General Meeting of the Company held earlier today being duly
passed by shareholders:

  * Mr Robert Palmer of Gallaghers has been appointed liquidator for the
    purpose of winding up the Company and distributing its assets to
    shareholders; and
   
  * Cancellation of trading of the Company's ordinary shares on AIM is expected
    to take effect from 7.00 a.m. on Thursday 6 December 2007.
   
It is intended that an initial distribution of cash to shareholders , which
would comprise a substantial portion of the Company's cash assets, will be made
in early 2008, with the remainder to be distributed as soon as practicable
thereafter.

Shareholders will be notified by the Liquidator in due course in relation to
the distributions.

Enquiries:

Oliver Waring 020 7937 0755

Chief Executive

Robert Palmer 020 7490 7774

Gallaghers

Tom Griffiths 020 7012 2000

Arbuthnot



END

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