VOLUNTARY CANCELLATION CERTIFICATE

Presented to

RAM Active Investments (Europe) SA

Project(s):

Project for the reduction of greenhouse gas emissions of Hidroelectrica La Confluencia S.A.

Reason for cancellation

I am offsetting on behalf of RAM (LUX) SYSTEMATIC FUNDS – STABLE CLIMATE GLOBAL EQUITIES

Number of units cancelled
445 CERs
Equivalent to 445 tonne(s) of CO2
Start serial number: CL-5-22988015-2-2-0-4229
End serial number: CL-5-22988459-2-2-0-4229