Grandis Timber Ltd. is focused on Commercial Reforestation/Plantation Development. It is a wholly owned subsidiary of Monsoon Timber K/S, under the management of SRP International Group Ltd. Monsoon Timber K/S is a joint venture between Capricorn Forest Fund K/S and SRP International Group Limited. Capricorn Forest Fund is comprised of investments from Scandinavian pension funds under the management of International Woodlands Company A/S based in Copenhagen.