Forest Value Investment Management S.A. (“FVIM”) manages a specialised investment fund (“Forest and Biomass” or the “Fund”). The Fund invests in and manages undervalued land and forests for the production of wood, agriculture and biomass products. The objective is to build multiple property clusters that will derive benefits from forthcoming major changes in the demand for and the supply of those products. The initial focus is on Europe, OECD countries outside of Europe and selected emerging markets.