VOLUNTARY CANCELLATION CERTIFICATE

Presented to

Kyoto Economics EE

Project(s):

Yunnan Lincang Zhenai Hydropower Project

Reason for cancellation

Offsetting the carbon footprint of SEMELI ESTATE S.A.

Number of units cancelled
166 CERs
Equivalent to 166 tonne(s) of CO2
Start serial number: CN-5-1160539801-2-2-0-1994
End serial number: CN-5-1160539966-2-2-0-1994