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Investor Presentaiton

South Pole Group Mourachan. Results. • Area of eligible land regenerating: 6,025 ha. • Typical model commencement date (date we show that regeneration started): 1 January 2007. . Aiming for reduction of woody debris in the baseline scenarios. . Project commencement date (date that project starts): 31 October 2016. Date of first issuance of credits: 31 October 2016. Page 36 • With our $8 net options, the 220,000 ACCU option would include a return of an estimated $1.76 million. Note: 27 CEAS are not included in this calculation, as they are all smaller than 20 ha. The total excluded area is 151.7 ha. Date Initial calculations MCD shifted to July 2007 Baseline debris reduced by 50% Combined: MCD shifted and Baseline debris reduced 31-Oct-16 31-Oct-17 -117,905 -57,359 -53,718 6,828 31-Oct-18 -94,497 -31,831 -30,310 25,528 31-Oct-19 -69,703 -6,696 -5,515 25,135 31-Oct-20 -44,207 17,627 19,980 24,322 31-Oct-21 -18,768 19,800 25,439 19,800 31-Oct-22 6,189 22,805 24,957 22,805 31-Oct-23 23,826 21,571 23,826 21,571 31-Oct-24 19,641 20,295 19,641 20,295 31-Oct-25 22,269 19,127 22,269 19,127 31-Oct-26 20,976 17,951 20,976 17,951 31-Oct-27 19,771 16,908 19,771 16,908 Total 112,672 156,084 176,859 220,271
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