Albury Mill BiomassGas Cogeneration 3 March 2011 2

Albury Mill Biomass/Gas Cogeneration 3 March 2011

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5. Project Benefits – Phase 1 – – – – CO 2 reduction of 15% or 107, 000 t CO 2 per annum Mill steam supplier No internal manning changes Creation of 5 external jobs in biomass supply chain Up to 100 construction jobs 75% less natural gas than used now No upgrade to gas network is required for this phase Part of the current gas network is available for Albury City Council Planned Industrial Hub project – 8 MW generated on-site, • Exempt from AEMO • 6 MW green generation • 2 MW gas generation 3

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5. Project Benefits – Phase 2 – Phase 1 benefits plus, – CO 2 reduction by a further 16% or 115, 000 t CO 2 per annum – Total CO 2 reduction is now 31% or 222, 000 t CO 2 per annum – All of the current gas network is available for Albury City Council Planned Industrial Hub project* – 33 MW generated on-site, • 6 MW green generation • 27 MW gas generation * Requires new high pressure gas pipeline infrastructure 5

5. This Stage Deliverables ▪ The expected deliverables of this stage 3 Phase 1 are as follows: – – – – 6 Planning approval completed EIS completed and approvals underway Detailed design completed Trans. Grid connection agreement completed Commercial arrangements in place including for biomass supply Construction contractor appointed Major equipment suppliers selected and agreements in place Preliminary equipment orders placed Government funding agreed Re-confirmed business case Toll gate submission Board report and submission To be completed by 31 December 2011

For further project information please contact: Mr Michael Machin Environment and Business Development Manager Albury Mill Ph +61 260583089 (Office) +61418124951 (mobile/cell phone) michael. machin@norskeskog. com 7