Investor Presentaiton

6,016,000 6,920,000 6,024,000 6,928,000 6,032,000 000'90's 6,940,000 6,044,000 South Pole Group Mourachan. Forest cover. 688,000 692,000 696,000 Mourachan Native forest Project - Baseline 700,000 704,000 708,000 712,000 Meters 2.550 5,100 10,200 15,300 20,400 688.000 692,000 696,000 700,000 704,000 708,000 712,000 716.000 720,000 6,916,000 716,000 720,000 6,920,000 6,924,000 6,928,000 6,932,000 000 906'9 1:126,000 0,940,000 6,944,000 south pole group climate friendly Generally, areas with 'forest cover' are ineligible under the methodology. Project Area Baseline Forest Cover 2009-2015 'Forest cover' includes forest with: • . • Trees that are 2 metres high. 20% canopy. Area of 0.2 ha. Page 33

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