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BRAZILPLANTATIONFOREST SECTOR STUDY TOUR V

VISITING EUCALYPTUS PLANTATION OPERATIONS –

IP do BRASIL, ARACRUZ, ARACRUZ SAWMILL, BAHIA SUL CAF SANTA BARBARAVERACEL

24 December 2007

ITINERARY & SCHEDULE – 06 April to 12 APRIL 2008

(Detailed Schedule Flight, Lodging and Ground Transport Schedule subject to finalarrangements)

N ote: Tour starts in Curitiba _Parana / Campinas – Sao Paulo and ends in ProtoSeguro-BahiaState

1. CURITIBA–PR to CAMPINAS – Sao Paulo State (SP)

Sunday 06 April - Depart Curitiba Airport (End point for Southern Tour)

Fly to Campinas- SP TGAMJJ 3330 dep. 13:05 – 15:15arr.

Transfer by van to city

Stay – The RoyalPalmTower Address:

Rua Boaventura do Amaral, 1274

Tel: (019) 3731-5900 Fax: (019) 3731-5901

Web-page –

Seminar Wood Quality & other Eucalypt Research Programs UFV(pm)

Including reaction wood testing study..

Prof. J. Livio Gomide, University of Vicosa, Pulp Technology Section

Program

12:30 - Check in for JJ Flt 33330 (Departs 13:05 )

15:15- ArrivalCampinasAirport & take transfer van to Hotel

16:00 – Registration at The Royal Palm Tower Hotel

16:30- Seminar presentation Prof. J. Gomide

19:30 – Reception & orientation on eucalypt tour / travel

19:30-- Dinner in Hotel Dining Room with Gomide.

2. CAMPINAS to MOGI GUACU–SP & return to fly to VITORIA -ES

Monday07April–Visit IP do Brasil forestry laboratory & nursery in Mogi Guacu

Arranged by Oswaldo Diepri, IP Forestry Director Sao PauloRegion

(detailed IP visit schedule to be provided )

Travel by tourism van – Hwy SP 340 (50 km) & return /airport transfer

Fly to Vitoria – Espirito Santo State (ES) GOL 1896 20:30-- (too late)

TAM xx 17:30 -- ??

Transfer by van / tourism coach (to be confirmed)

Stay Tuesday night - Hotel Canto do Sol(5 minutes from airport)

Address: Av.Dante Michelini, 3957

Tel: (027) 3337-2244 (close to Airport; possibly no internet connection)

Program

07:15- Depart Hotel front door for Mogi Guacu

08:00- Arrive for coffee & briefing

08:45- Tour IP facilities -- Forest Technology Center & Nursery

12:00 - Lunch

12:30 - Tour IP forestry operations – planting, logging & silviculture activities

16:00 - Return trip to hotelRoyalPalmTower / Campinas airport

1730- GOL / TAM flightg to Vitoria (to be confirmed)

20:30 - GOL flight 1896 departs for Brasiliaconnect GOL flight 1730 -Vitoria

22:45 - Arrive Vitoria and transfer by van to HotelCanto do Sol

23:00 – Late evening snack/dinner

3. VITORIA– ES to ARACRUZ –ES and MUCURI - BA

Tuesday08Apr –Visit Aracruz Celulose SA forestry operations in Aracruz – ES

Visit arranged by Public Affairs Manager, Tiago Nogueira

Travel by tourism executive coach – Hwy BR 101 (75 km)

Meet Aracruz Forestry Senior Managers & tour guides

Drive to Mucuri in SouthBahiaState (160 km)

Stay - Mucuri Rio Pousada Address: Hwy BR 101

Tel: (073) 3605-2121 Web-site: internet connection

Program

07:45 – Depart Hotel front door

09:15 –Arrive Aracruz / meet senior forestry staff / business briefing /

initiate tour program including nursery & ecological biodiversity

watershed preserve -- guide Tiago Nogueira

12:00 -Lunch at Aracruz / “brown bag” in preserve

13:30 - Continue tour of planting and harvesting operations

16:30 - Depart for Mucuri in BahiaState (BA)

19:00 - Arrive Mucuri Rio Pousada

20:00 - Reception & Dinner at Pousada with APM Manager Peter Rogers

4. MUCURI – BA to POSTO DA MATA & TEIXEIRA DE FREITAS–BA

Wednesday09Apr –Tour SuzanoBahiaSul forestry activities in Mucuri region in am

Arranged by Remi Bertol, Forestry General Manager- Bahia Sul

Visit Aracruz Eucalyptus Sawmill in Posto da Mata - BA in pm.

Arranged by Peter Rogers, Manager APM operations

Travel by tourism executive coach – Hwy BR 101 (75 km in total)

Meet Bahia Sul foresters at Pousada for tour of regional forests in am

Return to Pousada for lunch with Bahia Sul foresters

Travel by coach –Hwy BR 101(20 km) to Aracruz Sawmill --

(Aracruz Produtos Madeiras or APM)

Travel by coach to Teixeira de Freitas in South Bahia State BR 101 (50 km)

Stay - Hotel Lord Plaza Address: Rua Juscelino Kubitschek, 123

Tel: (073) 291-9000 Modern hotel and good quality accommodation

Web-site:

Program

07:45 - Depart Mucuri Pousada front door with Suzano Bahia Sul Foresters

08:00 -Meet Bahia Sul foresters for tour

08:30 - Tour with Bahia Sul foresters

12:00 - Lunch at Mucuri Rio Pousada with Bahia Sul Foresters

12:45 - Depart for Aracruz sawmill in Posto de Mata – BA (20km)

13:30 - Arrive Aracruz sawmill / meet senior sawmill staff / initiate tour program

14:45 - Visit regional Euaclyptus plantation

17:00 -Depart for Teixeira de Freitas –BA (50 km)

18:30 - Arrive Hotel Lord Plaza in Teixeira de Freitas

20:30 -Meet Remi Bertol -Suzano Bahia Sul staff z/ CAF Managers to review

visitdinner at Hotel

5. TEIXEIRA DE FREITAS–BA toCAF EUANAPOLIS & PORTO SEGURO -BA Thursday 10 Apr. – Travel ½ day, meet CAF Managers/Staff tourenergy/pulp plantations

Visit arranged by CAFXanta Barbara: Mr. ElesierLima Goncalves &

Regional Manger Mr. Fausto Guerra

Meet Forestry Management at hotel and travel site for presentation and tour

Of forestryoperations in Teixeira de Freias region

Travel by tourism coach – Hwy 101(175 km) & BR367(45km) PortoSeguro

Tour Veracel nursery in Euanapolis (pm)

: Followed by Genolyptus program review, Dr. Dario Gratapaglia Program

Director or national genetic project associate:

Prof.Dario Gratapaglai / Julio Cascado ,UESC(Illheus-BA)co-PI for

Genolyptus program

(Or alternative schedule for Friday 11 May at Hotel Brisda Prfaia)

and industry consultant/collaborator in tissue culture/plant

physiology

Stay - Hotel Brisa da Praia, Av. Beira Mar, 1860 Praia Traperapuan

CEP 45.810- 000 Porto Seguro – BA

Tel: 55 – 73 -3288-8600/ 55-73- 7288-8636

e-mail:

Program

07:30–DepartHotelLordPlaza front door

08:00–Visit CAF plantations with presentation of CAF program.

11:30 – Depart for Porto Seguro

13:00 – Lunch at restaurant in / Euanapolis city

14:00–Visit Veracel nursery in Euanapolis(pm)

16:30 – Depart for Porto Seguro and chek into Hotel Brisda Praia

18:00 - Presentation Dr. Dario Grattapaglia – Overview Genolyptus & sandwiches

20:00– Depart for Hotel for Porto Seguro city tour and free time

20:300 –Dinner at Hotel Brisda da Praia/ or city restaurantwith guersts

6. PORTO SEGURO –BA to VERACEL FORESTRY OPERATIONS & return

Friday 11 May –Veracel forestry tour of operations

Tour arranged by Veracel Silviculural Management

Travel by tourism coach – Hwy BR 367 (45 km) to Euanapolis & forests

Drive back to Porto Seguro for departure / spend night in Porto Seguro

Stay – Hotel Brisda Praia

Program

07:45 - Meet at Hotel Brisda Praia front doorwith Veracel Forestry

08:00 - Outline tour program and corp. presentation including John

Walker’sdiscussion of reaction wood in eucalyptus and

observations for Brazil (30 min)

09:00 - Depart for forestry sightseeing tour with Veracel Forestry – continue tour

started on Friday and include, if possible, clonal forestry trials, pruning/

thinning trials, co-op research plus forest /operating areas.

12:00 - Depart for Hotel & closing discussion

13:00 - Lunch at Hotel Brisda Praia

13:30 - Open afternoon for sightseeing in Porto Seguro / city tour to be confirmed

/ transport to Porto Seguro airport to be arranged for 12:30 & 13:30 flights.

18:00 Alternate time for Genolyptus presentation

19:00 - Reception

19:30 - Dinner at Hotel local restaurant with Veracel / Genolyptus guests

7. PORTO SEGURO –BA end of tour

Saturday12Apr –Open day

Program

No Formal program. Open for beach and old city sightseeing (est 1500)

Transport arranged and paid for transfer to PortoSeguroAirport with connections

to international /domestic flights. Normally around mid-day. See schedule below.

Notes:

(1)Tour includes terms and conditions outlined in 2008 brochure and agreement, which also covers eucalyptus extension segment. Inclusive cost US$ 3,200/ person for tour period 06 April to12April2007 if paid prior to 10 February and US$ 3,500 / person thereafter..

(2)For those only attending the north tour, the meeting places for the start of the tour are either the CuritibaInternationalAirport or The Royal Palm Tower Hotel in central Campinas (see location in itinerary above). Please advise us of your intentions. We will give connection information for Campinas and a cost discount if applicable will be calculated.

(3)Flights and Costs – updated for 2007 – April * To be confirmed

Outbound flights from Porto Seguro – BA and the end-point for eucalypt tour:

27/04(a) Porto Seguro – Sao Paulo Guarulhos (intefrnaional) Aifrport TAM1771/1969 12:59 – 19:50

via Salvador Fare:R$399.50or Porto Seguro – Sao Paulo congonhas (domestic) TAM3474/ 304113:25–18:25 R$375.42(connecting via Salvador) with busor taxi to intenational airfport Fare:299.50 .

28/04( b) Porto Seguro – Rio de Janeiro Santos Dumont (Domestic Airport): TAM 1771/1526

15:35 – 20:00 (connecting via Sao Paulo) Fare R$289.50.42 & TAM 3474/3041 17:25: –

21:30(connecting) Fare: R$289.50

28/04 (c) Porto Seguro – Sao Paulo – Congonhas (Domestic)TAM 1771 15:35 – 17:33(direct)

Fare: R$299.50 with bus (R$30)/ taxi (R$100)connection to Int.Airport (Guarulhos)--1hr+

28/04(d) Porto Seguro – Sao Paulo – Guarulhos (International) TAM 3474/3041 12:59 – 19:50

(connecting in Salvador) and TAM 3474/3502 13:30 – 19:50(connecting) Fare:R$399.50

29/04 (e) Porto Seguro – Sao Paulo – Guarulhos (International) 16:45 – 19:30arr. or 13:30 – 19:50arr.

Fare: R$ 299.50

r.*Note: Travel agency - Brementur, Faride Guedes, Executiva de Contas Corporativas, Tel: 41 3310 6677

and 41 9955 1324 (). Available to arrange follow on travel in Brazil.

Robert Donnelly,

RH DonnellyAssociates, BrazilEucalyptus Plantation Study Tour Coordinator

RH Donnelly & Associates

52 Kotuku Crescent

Christchurch, New Zealand

Tel: 64-3-332-3190 / Fax: 64-3-384-7391

e-mail:

RH Donnelly

Rua Martin Afonso, 1918 / 142

80.730- 303 Curitiba – PR, Brazil

Tel/Fax: 55 - 41- 3336-2791

Cel: 55 – 41 – 9968-1256

e-mail:

PS Unfortunately, our visit to Veracel was cancelled by Stora Enso management. It was a shock as we have visited 3 prior years. And there was no compromise given for a drive though trip. Reportedly, there have been incidents of missing clonal material with other visitors. This view is not shared by the other major members of the Brazilian industry, including Aracruz.. There is an understanding that two way communication is important and benefits both parties. We believe it is premature for Veracel as there is some forestry fine tuning that remains to be evaluated.

6. PORTO SEGURO –BA to EUANOPOLIS - BA & return

Saturday 06 May –Veracel forestry sight-seeing of operations

Travel by tourism coach – Hwy BR 367 (45 km) to Euanapolis & forests

Drive back to Porto Seguro for departure / spend night in Porto Seguro

Stay – Hotel Arcobaleno

Program

07:45 - Meet at Hotel Arcobaleno front doorwith Veracel Forestry

08:00 - Outline tour program

08:15 - Depart for forestry sightseeing tour with Veracel Forestry – continue tour

started on Friday and include, if possible, clonal forestry trials, pruning/

thinning trials, co-op research plus forest /operating areas.

12:00 - Depart for Hotel & closing discussion

13:00 - Lunch at Hotel Arcobaleno

13:30 - Open afternoon for sightseeing in Porto Seguro / city tour to be confirmed

/ transport to Porto Seguro airport to be arranged for 12:30 & 13:30 flights.

19:00 - Reception

19:30 - Dinner at Hotel Arcobaleno or local restaurant with Veracel guests

7. PORTO SEGURO -BA -- tour end point

Sunday 07 May– Open day

Confirm transport arrangement to Porto Seguro airport for connecting flights

Hotel check out likely 11 am (to be confirmed)

Flight schedules from Porto Seguro listed in notes below

Notes:

(1)Tour includes terms and conditions outlined in 23 – 30 April 2006 brochure and agreement, which also covers eucalyptus extension segment. Inclusive cost US$ 2,900/ person for period 30 April to 07 May 2006.

(2)For those only attending the north tour, the meeting places for the start of the tour are either the CuritibaInternationalAirport or The Royal Palm Tower Hotel in central Campinas (see location in itinerary above). Please advise us of your intentions. We will give connection information for Campinas and a cost discount has been calculated.

(3)Flights and Costs – updated for 2006 – 07 May *

Outbound flights from Porto Seguro – BA and the end-point for eucalypt tour:

(a) Porto Seguro – Rio de Janeiro Galeao (International) GOL 1771/1969 12:30 – 16:55

via Sao Paulo Fare:R$489.42 & TAM 3474/ 3041 13:30 – 17:00 R$375.42(connecting)

( b) Porto Seguro – Rio de Janeiro Santos Dumont (Domestic Airport): GOL 1771/1526

12:30 – 16:20 (connecting via Sao Paulo) Fare R$489.42 & TAM 3474/3041 13:30 –

20:00(connecting) Fare: R$375.42

(c) Porto Seguro – Sao Paulo – Congonhas (Domestic) GOL 1771 12:30 – 14:20 (direct)

Fare: R$370.42 with bus (R$30)/ taxi (R$100)connection to Int.Airport (Guarulhos)--1hr+

(d) Porto Seguro – Sao Paulo – Guarulhos (International) TAM 3474/3041 13:30 – 21:15

(connecting) Fare:R$ 441.42 and TAM 3474/3502 13:30 – 19:50(connecting) Fare:R$502

*Note: Travel agency - Brementur, Faride Guedes, Executiva de Contas Corporativas, Tel: 41 3310 6677

and 41 9955 1324 ()

Robert Donnelly,

RH DonnellyAssociates, Brazil Eucalyptus Plantation Study Tour Coordinator