VOLUNTARY CANCELLATION CERTIFICATE

Presented to

First State Investments - European Infrastructure Investment Team

Project(s):

Ceran's Monte Claro Run of River Hydropower Plant CDM Project Activity

Reason for cancellation

I am offsetting my greenhouse gas emissions from travel

Number of units cancelled
617 CERs
Equivalent to 617 tonne(s) of CO2
Start serial number: BR-5-80041848-1-1-0-773
End serial number: BR-5-80042464-1-1-0-773