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VERIFICATION STATEMENT FOR BANCO DE DESARROLLO DE EL SALVADOR AS TRUSTEE OF FIDECAM World Trade Center, Tower 2 Level 4 Colonia Escalón San Salvador, El Salvador Verification Scope: Rainforest Alliance has verified that Banco de Desarrollo de El Salvador as Trustee of FIDECAM is in conformance with the Methodology titled “Emission Reductions Calculations for the FICAFE Project Version 04 2008”. The project is located in El Salvador. This independent third-party verification covers a REDD project of 53,560.63 hectares of privately owned land. The objective of this verification audit is to verify the implementation of the project methodology. The information supporting the GHG assertion is projected in nature. The verification assessment covered the monitoring period from 2008 to 2010, and verified the project implementation of the methdology during the monitoring period. As a result of the use of the methodology, the project has estimated the following emission reductions during the monitoring period: Total number of emission reductions and/or removals: 368,964 tCO2e Verification Registration Code: RA-VER-FIDECAM-015263 Effective Date: 25 January 2012 The validity of this statement is contingent upon the project’s continued implementation of the Methodology titled “Emission Reductions Calculations for the FICAFE Project Version 04 2008” and as further defined in the Rainforest Alliance Verification Audit Report dated 25 January 2012. _________________________________________________ Jon Jickling Rainforest Alliance 65 Millet Street, Suite 201, Richmond, Vermont USA 05477 Rainforest Alliance provides carbon project validation and verification services, based on protocols and standards developed by third party organizations and for which Rainforest Alliance has been accredited as a validation or verification body. This statement signifies that Rainforest Alliance has verified that the project listed above complies with the particular standard listed above, as set forth in the audit report referenced above. In no circumstance does Rainforest Alliance warrant or guarantee the delivery of carbon emissions reductions credits or the financial or market value of any credits verified in connection with this verification statement. This statement is prepared solely for the benefit of the organization listed above and may not be relied upon by any third party without the express written consent of Rainforest Alliance.