Company Information for Eco Securities

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Company Statement

EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon credits. EcoSecurities structures and guides greenhouse gas emission reduction projects through the Kyoto Protocol, acting as principal intermediary between the projects and the buyers of carbon credits.
EcoSecurities works with companies in developing and industrialising countries to create carbon credits from projects that reduce emissions of greenhouse gases. EcoSecurities has experience with projects in the areas of renewable energy, agriculture and urban waste management, industrial efficiency, and forestry. With a network of offices and representatives in 20 countries on five continents, EcoSecurities has amassed one of the industry's largest and most diversified portfolios of carbon projects. Today, the company is working on 213 projects in 26 countries using 17 different technologies, with the potential to generate more than 130 million carbon credits.
EcoSecurities also works with companies in the developed world to assist them in meeting their greenhouse gas emission compliance targets. Utilising its highly diversified carbon credit portfolio, EcoSecurities is able to structure carbon credit transactions to fit compliance buyer's needs, and has executed transactions with both private and public sector buyers in Europe, North America and Japan.
Working at the forefront of carbon market development, EcoSecurities has been involved in the development of many of the global carbon market's most important milestones, including developing the world's first CDM project to be registered under the Kyoto Protocol. EcoSecurities' consultancy division has been at the forefront of all the significant policy and scientific developments in this field. EcoSecurities Consult has been recognised as the world's leading greenhouse gas advisory firm over the last five years by reader surveys conducted by Environmental Finance Magazine.

Company Diagram

Figure 1: Conventional and Carbon Project Cycle Activities

CDM/JI Project Cycle

For projects to be able to generate carbon credits, particular processes and procedures must be followed, according to guidelines laid down under the Clean Development Mechanism (CDM). These stages include a carbon assessment to determine the suitability of the project under the CDM, a Project Design Document, a formal outline of the project and expected emissions reductions, validation of this document by an independent body and the project’s formal registration with the CDM Executive Board. In addition to this, contracts are signed, and carbon credits are verified, issued and sold. Most carbon project developers sell credits through Emission Reduction Purchase Agreements (ERPAs), which are contractual obligations to buy/sell credits, similar to a Power Purchase Agreement (PPA). JI projects follow a similar project cycle.

Project cycle stages

Design – project participants submit a project design document (PDD) to the CDM Executive Board, with evidence of how they will meet criteria and estimate carbon sequestration
Validation – the PDD is independently reviewed and authorised
Registration – the project is formally accepted and registered by the Executive Board
Monitoring – data recording the project’s greenhouse gas (GHG) reductions is collected and archived by EcoSecurities.
Verification – the monitored reductions are periodically reviewed by a third party
Certification – the reviewer gives written assurance that during the specified time period, the project achieved the contracted level of carbon sequestration
Issuance – the CDM registry administrator issues CERs for the project activity and deducts the corresponding amount of GHGs from the participating country’s GHG registry.

Operations and Technology

• 353 projects underway
• in 26 countries
• using 17 different technologies
• amounting to over 156 million carbon credits

Geographical Spread

EcoSecurities has one of the industry's largest and most diversified portfolios of greenhouse gas emission reduction projects worldwide, distributed over more than 25 countries on five continents and using more than 20 technologies. The projects in our pipeline are in different stages of development, but many are far advanced in the CDM or JI project cycle, and most have already secured finance in order to proceed with project construction and operation. More importantly, our expertise in the JI / CDM sector gives carbon buyers comfort that projects will be processed through the regulatory project cycle in an efficient and reliable manner. This is illustrated by our track record in this field, which includes the development of the first project ever to be registered with the CDM Executive Board (the NovaGerar landfill gas to energy project in Brazil) and one of the world's first projects to have carbon credits issued (the La Esperanza hydro project in Honduras).

Our unique strength lies in our transaction experience and the unrivalled size and diversity of our project portfolio. Buyers of carbon credits can choose from a wide variety of carbon credit types (CERs, ERUs, VERs), technologies, greenhouse gas reduction methodologies, geographic areas, risk profiles, terms, volumes and sustainability co-benefits. EcoSecurities' innovative compliance products are based on portfolio transaction structures designed to reduce both compliance cost and delivery risk. Our commercialization team has successfully structured compliance products to meet the specific needs of a large variety of buyers, including public and private sector entities in Europe, North America and Japan. Additionally, EcoSecurities has also developed customised Carbon Facilities, designed to source and create carbon credits for governmental agencies.

We work in the following countries:

UK; Chile; Indonesia; Ireland
Brazil; Malaysia; France; Morocco
Philippines; Spain; Jordan; Thailand
United States; China; South Africa; Mexico
India; Guatemala; Pakistan

Board of Directors and Key Management

Bruce Usher	CEO
Mark Nicholls	Non-Executive Chairman
Pedro Moura Costa	COO

Company Address 1st Floor Park Central 40-41 Park End Street Oxford, United Kingdom OX1 1JD Telephone: +1865 202 635 Email: uk[at]ecosecurities.com Website: http://www.ecosecurities.com

Additional Address/Key Contact Registered Office 40 Dawson Street Dublin 2 Ireland Tel +353 1613 9814 Fax +353 1672 4716 Email ireland@ecosecurities.com

Capital 91,627,000 shares Euro 0.0025

Annual General Meeting 25 May 2007

Year End 31 December

Major Shareholders

Major Shareholders	Amount	% Holding
MSM Capital Partners (dup A)	14,172,628	15.47%
Pedro Henrique Moura Costa (dup B)	13,348,000	14.57%
Polar Sky Corporation (dup B)	13,348,000	14.57%
Marc Stuart	12,192,000	13.31%
Jesse Michael Fink (dup A)	10,558,608	11.52%
UBS AG	7,643,298	8.34%
Cargill Inc	6,172,628	6.74%
Bruce Michael Usher	4,682,467	5.11%

Related News

29/09/08 - EcoSecurities Seeks To Regain Market Confidence With Prudent Portfolio Management And Cost Control
05/03/08 - EcoSecurities Sell Off Is Likely Overdone But Regulatory Risk Remains High
17/09/07 - EcoSecurities Poised For Expansion Following Tie- Up With Credit Suisse
04/01/07 - EcoSecurities Is Building A Carbon Portfolio Ahead Of Phase II Trading

Most Recent Statement

23/09/08 - Total Voting Rights
11/09/08 - Interim Results
01/07/08 - Blocklisting Interim Review
30/06/08 - Company Secretary Change
27/05/08 - AGM Statement
22/05/08 - Exercise of Warrants