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Joint Announcement - Tembec / Lignum

2006-02-01 — Tembec Industries Inc. and Lignum Forest Products LLP are pleased to announce that they have entered into a joint marketing and sales agreement covering up to 125 million fbm of Tembec MSR products. Lignum will sell these products primarily to truss manufacturers located in the western United States while Tembec and Lignum will cooperate on marketing initiatives with regard to market and product development.

"Tembec's reputation as a producer of high quality MSR is well established," said Jake Kerr, Managing Partner, Lignum Forest Products LLP. "Our network of over 20 distribution facilities in the western United States will result in improved distribution and service of Tembec products to our customer base. Our existing partnership with Pope & Talbot will provide a complimentary volume and mix of products in key market segments."

Jean-Luc Carriere, Vice President, Sales and Marketing for Tembec Industries said, "We consider a strategic alliance with Lignum Forest Products to be the most effective option in furthing the distribution of out MSR products from British Columbia to truss manufacturers. We believe that with the combination of Tembec quality, Lignum marketing expertise distribution network, we will have a value proposition second to none in the industry."

Tembec is a large, diversified and integrated forest products company with operations principally located in North America and France and approximately 10,000 employees. Tembec's common shares are listed on the Toronto Stock Exchange under the symbol TBC. Additional information on Tembec is available on its website at www.tembec.com.

Lignum Forest Products LLP is a marketer and distributor of forest products for the North American market. Headquartered in Vancouver, British Columbia, the company is a partnership operated by principles from the former Lignum Ltd. trading company and Pope & Talbot Inc. of Portland, Oregon, a major forest products manufacturer. Additional information on Pope & Talbot is available on its website at www.poptal.com. Lignum and its predecessor companies have been involved in the wood products industry since 1946. For more information, please visit Lignum's website at www.lignum.com.

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For more information, please contact:
Jean-Luc Carriere
Tembec Industries Inc.
Forest Products Group
(905) 381-0482
Jake Kerr
Managing Partner
Lignum Forest Products LLP
(604) 484-5000

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