POULSBO — Pope Resources’ 2012 Annual Report is available on its corporate website: www.poperesources.com/InvestorRelations.aspx.

The Annual Report includes the President’s Letter and other information required under Rules 14a-3 and 14a-16 and NASDAQ Rule 5250 (d)(1)(C).

Security holders are entitled to receive a copy of the Annual Report free of charge. Contact the partnership’s vice president and chief financial officer at (360) 697-6626.

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 196,000 acres of timberland and development property in Washington, Oregon, and California.

Pope Resources also manages and co-invests in three timberland investment funds, and provides forestry consulting and timberland investment management services.