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      Forest and Biomass Romania S.A. (“FBR”)

FBR integrates the production of biomass in the traditional forestry and farming activities

a “Forest and Biomass Holding S.A.” company
      Forest and Biomass Romania S.A. (“FBR”)

FBR integrates the production of biomass in the traditional forestry and farming activities

a “Forest and Biomass Holding S.A.” company
      Forest and Biomass Romania S.A. (“FBR”)

FBR integrates the production of biomass in the traditional forestry and farming activities

a “Forest and Biomass Holding S.A.” company