London, 9 April 2010

The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA yesterday held the first voluntary carbon credit market auction. A total amount of 180,000 voluntary carbon units, divided into three lots of 60,000 tons, from projects managed by the Social Carbon Company were offered. The auction ended without a buyer.

This auction, the first of its kind to be held at an Exchange in Brazil, shows BM&FBOVESPA’s commitment to the Brazilian carbon credit market.

BM&FBOVESPA’s Carbon Credit Market

This is the third carbon credit auction held at BM&FBOVESPA and the first voluntary carbon credit sale to be held at an Exchange in Brazil. The previous auctions were carried out in 2007 and 2008 and offered Certified Emissions Reductions (CERs), held by the São Paulo Municipal Government, and generated by the Bandeirantes and São João landfill projects.

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The Social Carbon Company provides carbon management services to project developers in the Verified Emission Reduction (VER) market and applies Voluntary Carbon Standard (VCS) and SOCIALCARBON® Methodology to implement carbon emission reduction projects in partnership with project developers. This unique approach to project development and sustainability reduces project risk and adds long term sustainability to the projects. The current list of projects includes the switching from non-renewable biomass as a fuel source to renewable biomass sources, energy efficiency, landfill and small-scale hydro-electricity. For more information, please visit www.socialcarbon.com