VOLUNTARY CANCELLATION CERTIFICATE

Presented to

NORACID S.A.

Project(s):

Chacayes Hydroelectric Project, Chile

Reason for cancellation

I am offsetting greenhouse gas emissions for my company

Number of units cancelled
1,811 CERs
Equivalent to 1,811 tonne(s) of CO2
Start serial number: CL-5-41970546-2-2-0-6848
End serial number: CL-5-41972356-2-2-0-6848