La Cumbre 2013
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General Information
Company: La Cumbre
Sector: Forestry
Product: Teak
Location: Provincia del Guayas, Cantón Balzar

Plantation Data
Property surface: 345 ha.
Planted surface: 286 ha.
Sowing distribution: 13 ha. year 2004, 6 ha. year 2009, 85 ha. year 2011 and 182 will be sowed during the winter of 2013.

Placement
Placement: Secondary Public Offering in process.
Number of shares: 350,000 shares
Placement price: US $12.00 per share
Profitability: 15% annual*
Profitability perception: At plantation’s cut down.
Estimated cut down age: 20 years after sowing.

Entities of Management and Support
Financial and Administrative Management: SIEMBRA (Integrated System of Companies Based in Environmental Resources)
Attorney at Law: Pandzic & Asociados
Accounting and Taxes: Auditing & Taxes
Audit: Deloitte & Touche
Marketing: FreeMarket S.A.
Stock Placement: Albion Casa de Valores S.A
Insurance Company: Seguro Cóndor

*Calculation of return is based on the projected growth of wood, on conservative estimates of prices, costs and expenses. The project involves accumulating all the necessary resources for the maintenance until the cutting, from the beginning of the operation. The company does not expect the existence of financial liabilities.



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