Sino-Forest Corporation completes $201,135,000 public offering


    TORONTO, June 12 /CNW/ - Sino-Forest Corporation (TSX: TRE.S) today
announced that it has completed a public offering of 15,900,000 common shares
at Cdn$12.65 per share for gross proceeds of Cdn$201,135,000. The offering
included the exercise of the over-allotment option by the underwriters to
purchase 2,000,000 common shares. The offering was underwritten by a syndicate
led by Dundee Securities Corporation and included CIBC World Markets Inc.,
Credit Suisse Securities (Canada) Inc., Merrill Lynch Canada, Inc., UBS
Securities Canada Inc. and Haywood Securities Inc. In addition to the offering
in Canada, a portion of the offering was sold on a private placement basis in
the United States, Asia and elsewhere.
    "This successful offering solidifies Sino-Forest's foundation upon which
we can execute our growth strategy," said Allen Chan, Chairman and Chief
Executive Officer.

    The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.

    About Sino-Forest Corporation

    Sino-Forest Corporation, a Canadian company, is a leading commercial
forestry plantations operator in China. The company started its operations in
1994 and is the first foreign and privately managed operator involved in
forest products in China. Its principal businesses include the ownership and
management of forestry plantation trees and sales of standing timber, wood
chips and logs, and complementary manufacturing of downstream engineered-wood
products. The Corporation's common shares trade on the Toronto Stock Exchange
under the symbol TRE since 1995.

    Please note: This press release contains projections and forward-looking
statements regarding future events. Such forward-looking statements are not
guarantees of future performance of the Company and are subject to risks and
uncertainties that could cause actual results and company plans and objectives
to differ materially from those expressed in the forward-looking statements.
Such risks and uncertainties include, but are not limited to, changes in China
and international economies; changes in currency exchange rates; changes in
worldwide demand for the Company's products; changes in worldwide production
and production capacity in the forest products industry; competitive pricing
pressures for the Company's products and changes in wood and timber costs.

For further information:

For further information: Sino-Forest Corporation: Toronto: Dave Horsley
- Senior Vice President & Chief Financial Officer, Tel: (905) 281-8889, Email:; Hong Kong: Louisa Wong - Manager, Investor
Communications & Relations, Tel: +852 2514 2109, Email:

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