company presentation

South Pole Carbon Asset Management Ltd. The Company and its GHG Reduction Projects Around the Globe

Company presentation Zurich, July 2010

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•  Overview of South Pole

•  South Pole References

•  South Pole Projects

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South Pole provides the whole range of carbon asset management solutions

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South Pole – a Wealth of International Experience

Satellite office [staff number]

Head office [staff number]

Johannesburg [1]

Zurich [23]

Jakarta [8]

Bangkok [12]

Taipei [2]

Beijing [12]

Mexico City [7]

•  Incorporated in July 2006

•  10 offices worldwide

•  Over 75 carbon professionals

•  Projects in 20 countries

•  Specialized in high-quality “Gold Standard” projects

•  Developing both voluntary and compliance credits

California [1]

Caracas [1]

Istanbul [1]

Islamabad [1]

Local presence [staff number]

as of July 2010

Hanoi [10] New Delhi [2]

Medellin [1]

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South Pole – Quick Overview of a Success Story

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Number of Employees

Strategic minority investment from BP Alternative Energies

Office Jakarta

Office Beijing

Office Bangkok

Office Mexico City

Office Johannesburg

Office Taipei

Office Istanbul

Office New Delhi Office Hanoi

2006 2007 2008 2009

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International Market Leader in Compliance and Voluntary Market

•  Leadership Position on Gold Standard (GS) Registry: 45 projects listed •  One of the top GS VER developers with 10% of entire GS VER pipeline, market leader in issued GS VER credits •  Leading developer of GS CER projects with 25% of entire GS CER pipeline

Premium quality

•  Brought to market the first ever Gold Standard carbon credits (Biomass Malawalli / India) •  Handled the first ever international Kyoto carbon credit transfer •  First company to retire CERs, making sure that they cannot be resold

Carbon Market Firsts Rated among the World’s Top Carbon Wholesalers

*founded by South Pole partners in 2002 Source: The ENDS Guide to Carbon Offsets, 2008

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South Pole – a First Mover by Definition

•  In-house development of cutting edge software solutions to manage carbon projects, consultancies, and information exchange

• Largest portfolio worldwide of Gold Standard Certified Emission Reductions (CER) projects

• Largest portfolio worldwide of Gold Standard Voluntary Emission Reductions (VERs)

•  First company worldwide who generated and brought to the market CERs with the Gold Standard quality label

Gold Standard

Compliance Market

• First ever trade worldwide of CERs

• First CER cancellation worldwide to offset emissions

• One of the world leaders in Programmes of Activities (PoAs), the second generation type of carbon projects PoAs

IT Solutions

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South Pole is the world leader in issued Gold Standard VERs

Source: Gold Standard registry, 20 June 2010

Issued Gold Standard VERs, ktCO2e

myclimate 1

…

J.P. Morgan 70

Dogal Enerji 92

Camco 145

Mare Manastyr 160

ITC Invest 649

South Pole 660

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South Pole – a Global Team from 20 Countries

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South Pole – Experienced Partner Team

Dr. Christoph Sutter, CEO Dr. Christoph Grobbel, CFO and new business development

Ingo Puhl, Chief Growth Officer

Renat Heuberger, COO

Patrick Bürgi, CTO

Thomas Camerata, Chief Implementation Control Officer

•  12 years consulting with McKinsey & Co. •  Senior Expert for Emissions Trading and

Electric Power & Natural Gas •  Responsible for review of EU ETS for the

EU Commission

•  16 years experience in climate change policy and market mechanisms

•  Founder of 500 PPM in 1998 •  Employed by World Bank and International

Energy Agency

•  9 years experience in the carbon market •  Managing director and co-founder of

myclimate in 2002 •  Finalist of the Swiss Social Entrepreneur

Awards 2005

•  8 years experience in the carbon market •  Co-founder of myclimate in 2002 •  Supervised registration of more than 70

CDM/VER projects including the project to issue the first Gold Standard CERs ever

•  8 years experience in the carbon market •  Co-founder of myclimate in 2002 •  Expert for the voluntary carbon market

•  8 years carbon experience with McKinsey & Co. and Factor Consulting

•  Participated in the UN Methodology Panel •  Advised registered CDM projects with a

forecasted total of more than 100 million tonnes CO2e until 2012

•  Elected WEF Young Global Leader 2009

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•  Overview of South Pole

•  South Pole References

•  South Pole Projects

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South Pole Projects all around the globe

South Pole – a Rapidly Growing Portfolio of Projects

Broad project pipeline

•  More than 150 contracted projects in over 20 countries with a total volume of more than 60 million tCO2e until 2012 – ~50% are CDM projects – ~50% are Gold Standard projects

•  Projects in advanced negotiations with roughly 30 million tCO2e until 2012

Most important project types

•  Renewable Energy (Biomass, Hydro, Wind, Geothermal)

•  Waste Treatment (liquid and solid) •  Energy Efficiency

•  Reduction of Waste Gas (Oil, Gas and Chemical Industries)

•  Forestry •  Programmatic Approach (PoAs)

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South Pole – Extensive Network of High Quality Buyers

Extensive client network

Unparalleled carbon market expertise

•  Participation in the UNFCCC Methodology Panel •  Involved in major climate change negotiations since 1997 •  Carbon advisory to international organizations (World Bank, European

Commission, World Economic Forum, GTZ, Africa Progress Panel, World Food Programme, …) and to registered CDM projects with a volume of 100 million tCO2e until 2012

•  Top-rated compliance buyers such as the Austrian Government, Swiss Government, Climate Cent Foundation (Switzerland), Italcementi Group, LUSO Carbon Fund (Portugal), EGL, ...

•  Well-known voluntary buyers such as BP, Unilever, Axpo, Swiss Re, WWF, Austrian Post, Eneco Energy, RBC, Greenpeace, Ben & Jerry’s, Transoflex, …

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•  Overview of South Pole

•  South Pole References

•  South Pole Projects

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Wastewater Treatment Project, Thailand

Project type: Standard: Annual ERs: Additional benefits:

Renewable energy / Reduction of greenhouse gas emissions through avoided methane emissions

90,000 tCO2e •  Technology and know-how transfer with high replication potential •  New jobs for local people and improvement of economic conditions in rural areas •  Replacement of fossil fuel & contribution to energy conservation •  Improvement of the quality of water treatment

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Geothermal Energy Project, Indonesia

Renewable energy / Reduction of GHG emissions through electricity production from geothermal energy

120,000 tCO2e •  Creation of job opportunities for the local population •  Technology and know-how transfer •  Improvement of grid frequency and availability of electricity to local consumers •  Diversification of the national energy supply (today dominated by fossil fuels) •  Technological and know-how transfer •  No end products in the form of solid waste

Project type: Standard: Annual ERs: Additional benefits:

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Forestry Project, Colombia

Reforestation in mixed stands with about 20 native tree species 43,000 tCO2e •  New habitats for endangered species •  Local job opportunities as an alternative to illegal mining and coca plantations •  New, ecologically sensitive methods to battle mosquitos •  Study program for the Universidad de Medellin (CO) and Georg-August-Universität Göttingen (DE).

Project type: Standard (foreseen): Annual ERs: Additional benefits:

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Wind Power Project, Taiwan

Renewable energy / Reduction of greenhouse gas emissions through wind power generation

VER

370.000 tCO2e •  Creation of local employment both during the construction and operational phase •  Technology transfer and support to establishment of local wind energy industry •  Replacement of fossil fuel and contribution to better air quality •  Improvement of local economy in remote fishing villages •  promotion of renewable energies all over Taiwan

Project type: Standard: Annual ERs: Additional benefits:

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Small Hydro Power Project, Honduras

•  En

Reduction of greenhouse gas emissions through hydro power generation

20,000 tCO2e •  Creation of 400 new jobs during the construction phase and 30 jobs during the operation phase •  Provision of technical assessment to the population working in crop cultivation near the river basin •  Scholarships for local students •  Electrification of five isolated rural villages •  Construction of a police station and donation of a police car to the local authorities •  Mobile dental health unit for school children.

Project type: Standard: Annual ERs: Additional benefits:

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Waste Heat Recovery Project, China

Energy efficiency / Reduction of greenhouse gas emissions through waste heat recovery in a coking plant

VER

280,000 tCO2e •  Creation of local employment both during the construction and operational phase •  Technology and know-how transfer •  Contribution to better air quality in the region •  Promotion of efficient use of available resources and displacement of fossil fuels (coal) for electricity generation

Project type: Standard: Annual ERs: Additional benefits:

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Landfill Gas Recovery Project, China

Renewable energy/ Reduction of GHG emissions through avoidance of methane emissions

VER (1st GS VER not pre-CDM-project in China)

114,000 tCO2e •  Knowledge and technology transfer to the region •  Creation of 20 regular employment positions for the plant operation (54 jobs during construction phase) •  Environmental benefits to region’s air, soil and water resources •  Efficient use of available resources and displacement of fossil fuels (coal) for electricity generation

Project type: Standard: Annual ERs: Additional benefits:

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South Pole Contacts

Zurich Christoph Sutter Phone: +41 43 501 35 50 c.sutter@southpolecarbon.com Bangkok Patrick Bürgi Phone: +66 2 678 89 79 p.buergi@southpolecarbon.com Beijing Caspar Chiquet Phone: +86 10 84 54 99 53 c.chiquet@southpolecarbon.com New Delhi Thomas Camerata Phone: +91 956 018 99 91 t.camerata@southpolecarbon.com

Jakarta Paul Butarbutar Phone: +62 21 720 75 67 p.butarbutar@southpolecarbon.com Johannesburg Bruce Wylie Phone: +27 11 280 66 20 b.wylie@southpolecarbon.com Mexico City Alberto Carrillo Phone: +52 55 55319013 a.carrillo@southpolecarbon.com

Taipei Jules Chuang Phone: +886 2 8758 2911 j.chuang@southpolecarbon.com Istanbul Phone: +90 212 274 32 25 k.kartick@southpolecarbon.com Hanoi Marco Hirsbrunner Phone: +41 43 501 35 50 m.hirsbrunner@southpolecarbon.com

Thank you for your attention!