Investor Presentaiton

viii. Estimated Emission Reductions: 97,1 mtCO2eq Effectiveness of program: Year Gross ER after 4% 26% ER Uncertainty Buffer Net ER (million) ■ Improvements in governance (million) Set-Aside (million) (million) (27% reduction) 2020 18,6 17,5 4,5 12,9 Keeping the primary forests 2021 19,0 17,9 4,6 13,2 within protection forest areas 2022 19,4 18,3 4,7 13,5 and conservation areas (30% 2023 19,8 18,6 4,8 13,8 reduction) 2024 20,2 19,0 4,9 14,1 ■ Licensing moratorium on peat ERPA 97,1 91,3 23,7 67,5 Period (20% reduction) ■ Increasing the number of RIL-C implementers (12% reduction) ■ Activities to address land fires (20% reduction) Maximum contract volume = 22 M ton CO2 eq

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