Poulsbo, Washington, USA, 05 August 2008 -- (BUSINESS WIRE) -- Pope Resources (NasdaqGSM: POPE) announced today that it has entered into a new USD 40 million revolving line of credit with Northwest Farm Credit Services, PCA that closed on 31 July 2008. This is an unsecured line of credit that expires in August 2011, with variable rates dependent on factors set forth by the loan agreement. No amounts were outstanding under the new agreement at closing.


Pope Resources, a publicly traded limited partnership, and its subsidiaries, Olympic Resource Management and Olympic Property Group, own or manage more than 400,000 acres of timberland and development property in Washington and Oregon. In addition, the company provides forestry consulting and timberland investment management services to third-party owners and managers of timberland in Washington, Oregon, and California. The company and its predecessor companies have owned and managed timberlands and development properties for more than 150 years. Additional information on the company can be found at www.poperesources.com.