VOLUNTARY CANCELLATION CERTIFICATE

Presented to

Frasers Property Australia

Project(s):

Zhejiang Tangcun 32MW Hydropower Project

Reason for cancellation

Purchase of Offsets for Real Utilities

Number of units cancelled
2,000 CERs
Equivalent to 2,000 tonne(s) of CO2
Start serial number: CN-5-1014265760-2-2-0-6447
End serial number: CN-5-1014267759-2-2-0-6447