The Board of Kangaroo Island Plantation Timbers (KPT) has for some time planned a transition to a governance and management structure better suited to an operating timber export business. As the development phase of the company's growth approaches its conclusion and the production phase draws nearer, the board announced that Mr. Keith Lamb has joined KPT as a non-executive director. The date of the appointment is October 15, 2018. Mr. Lamb holds masters-level qualifications in Forestry and in Business Administration. He was Director of Operations and Portfolio Manager for New Forests Asset Management Pty Ltd. (New Forests) from 2005 until 2017, with responsibility for $2.5 billion in timberland and related agricultural and industrial assets. Mr. Lamb has also served as a director of several forestry companies and trusts within and outside the New Forests group. His early career included both government and non-government forestry roles. In addition to forestry operations management, Mr. Lamb has considerable expertise in raising and deploying institutional capital for direct investment in forestry and agro-forestry projects. The company may find this useful, should it elect to expand its business in this way in future. Bringing Mr. Lamb into the business will reduce key person risk, while giving the company access to Mr. Lamb's experience in managing and expanding operating forestry businesses. Mr. Lamb's appointment has been agreed after the finalization of the notice of Annual General Meeting (AGM). However, Mr. Lamb will attend the AGM, to be held on October 16, 2018 in Adelaide, and he looks forward to meeting shareholders at that time.