VOLUNTARY CANCELLATION CERTIFICATE

Presented to

BAUX AB

Project(s):

Valdivia biomass power plant

Reason for cancellation

I am offsetting greenhouse gas emissions for my company

Number of units cancelled
125 CERs
Equivalent to 125 tonne(s) of CO2
Start serial number: CL-5-15871941-1-1-0-1787
End serial number: CL-5-15872065-1-1-0-1787