[LOGO] TENON                                                        News Release
Wood Solutions to the World


TO:        THE BUSINESS EDITOR
From:      Paul Gillard - Director, Corporate & Legal Services, Tenon Limited
           Telephone:         64-9-571 9846
           Fax:               64-9-571 9872

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                    STOCK EXCHANGE LISTING: NEW ZEALAND (TEN)

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                TENON ANNOUNCES INITIATIVES IN THE UNITED STATES


Auckland,  2 May 2005 - Tenon  today  announced  that two of its United  States'
businesses  had  made  strategic  acquisitions  to  further  strengthen  Tenon's
interests in that market.

The  Empire  Company  Inc.,  a 67%  Tenon-owned  company,  has  purchased  Kok's
Woodgoods,  Inc., a Zeeland,  Michigan based specialist  manufacturer of quality
wood  products  including  mouldings,  casings,  chair rail,  and other  related
products.  Kok's  Woodgoods is a very  successful  manufacturer  of quality wood
products with  significant  opportunities  for further  growth.  Bringing  Kok's
Woodgoods  into  the  Tenon  family   provides   supply  chain  and  new  market
opportunities  as part of Empire's  overall  strategy to grow both the  National
Home Centre and lumberyard sides of its business, and to develop new markets.

American Wood Moulding L.L.C., (AWM) a 50% Tenon-owned company, has purchased on
option,  exercisable during 2006, to acquire initially 50% (with the right to go
to 100%  before  September  2009) of the  shares of Jim White  Millwork  LLC,  a
subsidiary  of the Jim White Group.  Jim White  Millwork  LLC,  located in Grand
Rapids,  Michigan, is a leading supplier of wood mouldings to the commercial and
industrial  market.  AWM's partnership with Jim White Millwork will expand AWM's
product offering and customer base.

ENDS