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Log Export Monitoring Monthly Report for December 2021

SGS, March 2022


                           Log Export Monitoring
                                      Monthly Report


                                                              For

                                       December 2021
                                Log Volume (m3) Export by Year - Last 10 Years
              4500000
                                                                                    4040234
                                            3800186   3869271                                 3793770
              4000000
                                                                3605878
              3500000             3297385                                 3270934
                        3154267
                                                                                                        2891135
              3000000                                                                                             2786624
Volume (m3)




              2500000

              2000000

              1500000

              1000000

               500000

                    0
                         2012      2013      2014      2015      2016      2017      2018      2019      2020      2021
                                                                     Year



                                                          to the




   Papua New Guinea Forest Authority

                                                      March 2022

Page 1 screenshot
Thursday 10th March 2022

Dear Reader,

          Re: EXPORT LOG MONITORING

Please find attached a copy of the SGS PNG monthly report on its log export monitoring activities for
the month of December – 2021. A comprehensive range of log export statistical tables and results of
the SGS PNG inspection services has been included.

A total of 41 inspections were carried out this month. Of these, serious discrepancies were detected
and corrected for 5 shipments. This represents 12 percent of all shipments. The total volume
inspected was 160,119m3 for the month. Logs exported without initially being declared for export by
exporters totalled 36m3. Supplementary declarations by the exporters were required for all these logs,
in order to ensure that The State obtained the full financial benefits of the total log export cargoes.

Financial highlights due to export monitoring for this month are as follows:

  Additional Log Export Development Levy collectable (K)                                                                  246
  Additional Customs Duty collectable (K)                                                                               3,234
  Additional Foreign Exchange (K)                                                                                       8,061
  Estimate of Additional Tax Revenue (K)                                                                                2,418

The following table summarises the benefits of the monitoring Agreement to Papua New Guinea for
the year to date, and the previous two years.

                                                                                         2019                     2020                  2021
Direct Project Expenses (K)                                                            7,927,445               7,898,979             8,996,138
Additional Development Levy Payable (K)                                                   55,457                  33,594                15,037
Additional Customs Duty Payable (K)                                                    1,037,643                 649,020               284,646
Additional Tax Payable IRC (K, Estimate)                                                 885,258                 428,608               189,754
Additional Foreign Exchange (K)                                                        2,113,701               1,428,694               632,511

Deterrent Effect (K, additional foreign exch. Estimate)                                62,296,674               45,579,316           46,262,591
Note: 2021 figures are for January to December


SGS has noted a significant decrease in discrepancies over time since surveillance services were
established in late 1994. This on-going ‘deterrent effect’ has been estimated by the PNGFA as five
per cent of the FOB value of log exports.

When reviewing the export and inspections data, it should be noted that not all shipments inspected
during the month were exported before month’s end.

For any change of address or if you would like to add a name to the mailing list or be removed from
the mailing list, please contact the SGS office by email, telephone or fax, at your convenience.
Similarly, please advise if you would prefer to receive an email copy of the report instead of a
printed copy.




                     PO Box 1260, Port Moresby, NCD Tel: (675) 323 1433 Fax: (675) 323 1697 E-mail:pg.portmoresby@sgs.com Web:www.sgs.com
                                                                           Member of the SGS Group (Société Générale de Surveillance)

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Yours faithfully




Bruce Telfer
Country Director
SGS PNG Ltd
Port Moresby




                   PO Box 1260, Port Moresby, NCD Tel: (675) 323 1433 Fax: (675) 323 1697 E-mail:pg.portmoresby@sgs.com Web:www.sgs.com
                                                                         Member of the SGS Group (Société Générale de Surveillance)

Page 3 screenshot
                        Highlights of Log Exports in 2021
1. In 2021, the highest monthly log volume export was in August with 302,149 m3 followed by
   December (300,027 m3). The lowest volume export was in May with 176,275 m3 (See Graph
   1).

2. This year, group one specie continued to be the major log group shipped at sixty-eight per
   cent of the total export volume, followed by group four at thirteen per cent. (See Graph 2)

3. East New Britain Province was the major exporter in 2021 amounting to twenty-one per cent
   of the yearly total, followed by West New Britain at (20 per cent) then New Ireland (15 per
   cent). West Sepik province achieved the highest FOB in Kina for the year, because of the
   high volume of kwila export. (See Graph 3)

4. Eighty-five per cent of the total log volume shipped in 2021 was rainforest saw veneer logs.
   Low grade log export amounted to thirteen per cent. (See Graph 4).


5. In 2021, China continued to be the major export destination, taking eighty-four per cent of the
   yearly total volume, followed by Vietnam at five per cent. (See Graph 5)

6. Taun was the dominant group 1 species exported in 2021 totalling 585,869 m3 followed by
   kwila with 272,388 m3 and, calophyllum with 183,375 m3. This comparison is for group 1
   specie only. (See graph 6)
7. Pacific Region Development Ltd topped the log volume export in 2021 with 224,632 m3
   followed by Cakara Alam (PNG) Ltd with 183,220 m3 then, Millionplus Corporation Ltd with
   137,995 m3. (See Graph 7).

8. Forest Clearance Authority (FCA) contributed twenty-eight per cent of the total log volume
   export in 2021. Timber Permit (TP) projects contributed half the log export for the year. (See
   Graph 8)

9. The highest log volumes for export came from Konoagil FCA project in 2021 with 137,995
   m3, followed by Rottock Bay Consolidated FMA (122,042 m3) then, Senbam Consolidated
   TRP with 107,582 m3. (See Graph 9).

Page 4 screenshot
                                                                 Highlights of Log Export by Graphs in 2021
Graph 1
                                                                        Lo g Vo lu m e (m 3) Exp o rt b y M o n th in 202 1
                        350000                                                                                                                                          120000000
                                                                                                                     302149                                   300027
                        300000                                                                                                                       277347             100000000
                                                                                                                                          253138
                        250000   227240    223728              225563
                                                      218528                                                                   213468                                   80000000
                                                                                      190769
          VOLUME (M3)




                        200000                                                                      178392




                                                                                                                                                                                    FOB (KINA)
                                                                           176275
                                                                                                                                                                        60000000
                        150000
                                                                                                                                                                        40000000
                        100000

                         50000                                                                                                                                          20000000

                             0                                                                                                                                          0
                                 January   February   March     April        May        June            July         August   September   October   November December
                                                                                               MONTH


                                                                                               Volume          FOB



Graph 2                                                                  Log Volume (m3) Export by Specie Group in 2021




                                                                               362628, 13%

                                                                        294683, 11%                                                                                           Group 1
                                                                                                                                                                              Group 2

                                                                        234161, 8%                                                                                            Group 3
                                                                                                                                                                              Group 4
                                                                                                  1895151, 68%

Page 5 screenshot
                                                                        Lo g Vo lu m e (m 3) Exp o rt b y Pr ovin ce in 20 21
                        700000                                                                                                                                                                            250000000
                                           599085
Graph 3                 600000                                                                                                                                 560729
                                                                                                                                                                                                          200000000
                        500000                                                                                              425560
          VOLUME (M3)
                                                                                                                                                                                                          150000000




                                                                                                                                                                                                                      FOB (KINA)
                        400000                                                                                                                                                339150

                        300000
                                 203186                                                                                                                                                                   100000000
                                                                                                                                                                                                184542
                        200000                        160035
                                                                   108400                                     108065
                                                                                                                                                                                                          50000000
                        100000
                                                                                                                                               62164
                                                                                                33072
                                                                                  2636
                             0                                                                                                                                                                            0
                                 Central   East New   East Sepik   Madang        Manus        Milne Bay       Morobe       New Ireland           Oro          West New       West Sepik         Western
                                            Britain                                                                                                            Britain
                                                                                                       PROVINCE


                                                                                                Volume (m3)            FOB (Kina)



                                                                                                                                             Plantation Dia 20-29 cm,
Graph 4                          Log Volume (m3) Export by Log Grade in 2021                                                                        10498, 0%
                                                                                                                                                                                Plantation Dia
                                                                                                                                   Plantation Dia 00-19 cm, 373, 0%            40-49 cm, 12764,
                                                                                                                                             Plantation Dia 30-39 cm, 21877, 1%       1%

                                                                                                              Low Grade, 372036,                       Plantation Dia 50-59 cm, 4985, 0%
                                                                                                                     13%
                                                                                                                                                              Plantation Dia 60+ cm, 2933, 0%




                                                                            Saw/Veneer, 2361160, 85%

Page 6 screenshot
                                                                                                     Lo g Vo lu m e (m 3) Exp o rt b y De sitin at io n in 20 21
                                                                                                                 77173, 3%        128521, 5%
Graph 5
                                                                                             77119, 3%             74715, 3%
                                                                                                    15987, 0%
                                                                                                      67752, 2%




                                                                                                                                                 2345357, 84%




                                                                                             China       India      Japan         Malaysia            South Korea                Taiwan          Vietnam




                                                                                            LOG VOLUME(M3) EXPORT FOR GROUP 1 SPECIE IN 2021
Graph 6




                                                                                                                                                                                                                                          585869
          VOLUME (M3)




                                                                                                                      272388
                                                 183375




                                                                                                                                                       167125




                                                                                                                                                                                                                                                             133787
                                                                                                                                                                        101566
                                                                    100035



                                                                                  94091



                                                                                            94141




                                                                                                                                                                                         54935



                                                                                                                                                                                                        45859
                              33271




                                                                                                                                                                                                                         19913
                                                                                                                                      7070




                                                                                                                                                                                                                                                   1470
                                                                                                          257




                        B U R C K E L L AC A L O P H Y L L U M D I L L E N I A   ERIMA    CANARIUM HEKAKORO         K W I L A L O P H O P T A L L U M M A L A S P E N C I L C E D A RM E R S A W A   W A L N U TP L A N C H O N E L L A   TAUN     TEAK   TERMINALIA
                                                                                                                                        GROUP 1 SPECIE

Page 7 screenshot
                                                                                    Graph 8
                                                                                                                                                                                                                                                                     Graph 7


                                                                                                                                                                                              VOLUME (M3)




                                                                                                                                                                                        0
                                                                                                                                                                                            50,000
                                                                                                                                                                                                     100,000
                                                                                                                                                                                                                 150,000
                                                                                                                                                                                                                            200,000
                                                                                                                                                                                                                                       250,000




                                                                                                                                                                   Active Forest Ltd
                                                                                                                                                          Alliance Lumber (PNG) Ltd
                                                                                                                                                                 Amanab 56 Timber ...
                                                                                                                                                            Amanab Forest Products...
                                                                                                                                                                                                               94,875




                                                                                                                                                              Aset Meriah (PNG) Ltd
                                                                                                                                                                  BDSL Shipping Ltd
                                                                                                                                                             Bismarck Industries Ltd
                                                                                                                                                             Cakara Alam (PNG) Ltd
                                                                                                                                                                                                                                  183,220




                                                                                                                                                                 Canopus No. 16 Ltd
                                                                                                                                                            Continental Alliance Ltd
                                                                                                                                                                 DD Investment Ltd
                                                                                                                                                                 East Papua Timber...




                                TL, 32859, 1%
                                                                                                                                                            Everwin Enterprises Ltd
                                                                                                                                                                  GL Niugini Pty Ltd
                                                                                                                                                                     Global Elite Ltd




                 TA, 1849, 0%
                                                                                                                                                            Golden Rise Investment...




LFA, 80560, 3%
                                                                                                                                                                    Green Point Ltd
                                                                                                                                                                  IFL Investment Ltd
                                                                                                                                                              Joinland Management ...
                                                                                                                                                             Kinmas Investment Ltd
                                                                                                                                                                 KK Connections Ltd
                                                                                                                                                                                                                    126,276




                                                                                                                                                                 KL Connections Ltd
                                                                                                                                                                    Laloani No.8 Ltd
                                                                                                                                                                Lawrence Wood Ltd
                                                   FCA, 769863, 28%




                                                                                                                                                                         Logohu Ltd
                                                                                                                                                             Low Impact Logging Ltd
                                                                                                                                                                 Lucky 99 (PNG) Ltd
                                                                                                                                                                  Lucky Logging Ltd
                                                                                                                                               EXPORTER
                                                                                                                                                                                                                                                  Log Volume (m3) Export by Exporters in 2021




                                                                                                                                                                 Maxland (PNG) Ltd
                                                                                                                                                                   Mekar (PNG) Ltd
                                                                                                                                                            Millennium Corporation...
                                TP, 1401974, 50%




                                                                                                                                                            Millionplus Corporation...
                                                                                                                                                                                                                        137,995




                                                                                                                                                                          Milton Ltd
                                                                                                                                                                  Musa Century Ltd
                                                                                              LOG VOLUME (M3) EXPORT BY PERMIT TYPES IN 2021




                                                                                                                                                                     Niugini Lumber ...
                                                                      FMA, 499518, 18%




                                                                                                                                                                    Northern Forest ...
                                                                                                                                                               Open Bay Timber Ltd
                                                                                                                                                                      Pacific Region...
                                                                                                                                                                                                                                            224,632




                                                                                                                                                                   PJ Plantation Ltd
                                                                                                                                                                  PL Connection Ltd
                                                                                                                                                                      Reach Niugini ...
                                                                                                                                                                          Samas Ltd
                                                                                                                                                                Sentawan (PNG) Ltd
                                                                                                                                                          Stettin Bay Lumber Co. Ltd
                                                                                                                                                             Summit Agriculture Ltd
                                                                                                                                                                        Sunland Ltd
                                                                                                                                                                    Super Green Ltd
                                                                                                                                                                    Tzen Niugini Ltd
                                                                                                                                                                    Vanimo Jaya Ltd
                                                                                                                                                                    Viva Success Ltd
                                                                                                                                                                     VJ Holdings Ltd
                                                                                                                                                                 Wasu Resource Ltd
                                                                                                                                                            Wawoi Guavi Timber Co...
                                                                                                                                                              Woodbank Pacific Ltd

Page 8 screenshot
                                                                                                                            Graph 9


                                                                  Volume (m3)




                                                       0
                                                             20,000
                                                             40,000
                                                                      60,000
                                                                                80,000
                                                                               100,000
                                                                               120,000
                                                                               140,000
                                                                                                                  160,000




                Aitape Lumi Consolidated FMA (61003)
            Aliai-Sisimi-Hargy Consolidated TP (11438)
                                 Alimbit Andru TP (11408)
                       Amanab Blocks 1-4 FMA (61001)
                     Amanab Blocks 5 & 6 FMA (61002)
                                                                                      98,63194,875




                                Andru Johana LFA (21410)
                       Ania Integrated Agri FCA (71517)
                  Ania Kapiura Consolidated TP (11452)
                    Ania Kapuira Forest Pltn TP (11403)
                                                                                                   105,557




                                 Apong Agric FCA (71301)
                                 Awio Amgen LFA (21409)
                                       Bewani LFA (21001)
                              Bonua Magarida TP (10328)
                          Brown River/Kuriva TP (10337)
                       Buhem Mongi Busiga TP (11338)
                                   Cape Offord TP (11548)
                         Central New Ireland TP (11642)
                                 Cloudy Bay FMA (60301)
              DANFU Block 12,13,14,15&18 TP (11640)
           Dengnenge "A"Intergrated Agri FCA (71515)
             Dengnenge 'B' Agro Forestry FCA (71516)
                                    East Arawe TP (11455)
                                                                                            94,920




                                   East Awin FMA (60101)
                               Far North Coast TP (11212)
                             Gar Consolidated TP (11544)
                                Gara Modewa TP (10406)
           Gweinif Wagasu Agro-Forestry FCA (71010)
                 Idam-saiwi Inter Agri Proj FCA (71009)
                       Illi Wawas/Masarau FCA (71502)
                   Kamdaru-Siaman-Lamasa TP (11635)
                     Kapuluk Timber Project TP (11450)
                   Konoagil Inter.Agri.Proj. FCA (71603)
                     Kui - Buso Consolidated TP (11332)
                                                                                                              137,995




                                          Kumil TP (11222)
                               Lak TRP Project TP (11643)
                   Lako Imila (PNGFAL - 682/10)-20302
                                  Lolo Block 1 LFA (21402)
                                  Lolo Block 2 LFA (21403)
                          Lower Musa Agro, FCA (70505)
                                  Lower Sepik LFA (21101)
Projects




                        Makapa Timber Area TP (10109)
                Makolkol Intergrated Agri. FCA (71509)
                                                                                         86,867




            Meander May Valley int.Agri. FCA (71105)
                                      Miama B TP (11337)
                 Morevona -Agro Forestry FCA (71403)
                                                                                                                              Log Volume (m3) Export by Project in 2021




                  Morobe Coast TP (11335) Mopi Camp
                                     Mosaleim TP (11457)
                             Mussau TRP Project (11641)
                          Musu-SaberjinSossi TP (11009)
                                                                                69,938




                                        Nakmai TP (11601)
              Open Bay Consolidated [Pltn] TP (11501)
                      Ormand Lako TRP Project (10330)
                Pakalua Agri. Forestry Intr FCA (71402)
                    Pohowa Agro_Forestry FCA (71801)
                                       Raicoast TP (11218)
                Rottock Bay Consolidated FMA (61402)
            Sapo Agroforest Dev Block 8A (TA 10-126)
                                                                                                  122,042




                                       Semon FCA (71302)
                               Senbam Cons. TRP (11552)
                            Seraji EXN TRP PROJ. (11558)
                                                                                                        107,582




                    Suikol Intergrated Agro FCA (71513)
             Taraiwara(Ext) Agro Reforest.FCA (71514)
                       Tewelas: Konos-Pue TRP (11632)
                                       Ugana LFA (TP16-2)
                     Ulamona consolidated TRP (11443)
                Ulewun Kamarere WoodLot TP (14-85)
                Utnari Land Agro-Forestry FCA (71521)
                       Vanimo Block 3,4 & 5 TP (11011)
              Wagana Wagasu Large scale FCA (71013)
                  Wammy Rural Development Pro. FCA...
                 Wanigela Tree Plantation FCA (70506)
                           Wasu Cattle farm FCA (71303)
                 Waterfall bay Extn CONS.TRP (11555)
                                 Wawoi Guavi TP (10107)
                                West Gadaisu TRP (10329)
                             Wewak/Turubu FCA (71103)
                               Wipim Tapila FMA (60110)

Page 9 screenshot
                       Table of Contents
                                Reports
                                                                       pages
                                                           3
1.    Log Exports Monthly Summary for 2021: Volumes (m ),
      FOB Values (USD and Kina) and Duty Payable (Kina)                 1-1

2.    Monthly Actual Shipped Volumes (m3) by Log Grades
      and Species/Groups                                          2-1 to 2-4

3.    Monthly Export Log Revenues (K’000) by Log Grades
      and Species/Groups                                          3-1 to 3-4

4.    Monthly Export Log Revenues (USD’000) by Log Grades
      and Species/Groups                                          4-1 to 4-4

5.    Monthly Average Actual Export Prices (Kina) by Log
      Grades and Species/Groups                                   5-1 to 5-4

6.    Monthly Average Actual Export Prices (USD) by Log
      Grades and Species/Groups                                   6-1 to 6-4

7.    Mean Monthly Endorsed Prices (USD) by Log Grades
      and Species/Groups                                          7-1 to 7-4

8.    Monthly Endorsed Volumes (m3) by Log Grades and
      Species/Groups                                              8-1 to 8-3

9.    Monthly Actual Shipped Volumes (m3) by Log Grade
      and Destination                                             9-1 to 9-3

10.   Monthly Average Actual Export Prices (USD) by Log
      Grade and Destination                                     10-1 to 10-3

11.   Monthly Actual Shipped Volumes (m3) by Export
      Company and Project                                      11-1 to 11-11

12.   Log Exports by Project Site (Volume and Value) for
      December - 2021, and Year to Date                        12-1 to 12-14

13.   Log Exports (Volume and Kina Value) by Province for
      December – 2021, and Previous Periods                            13-1

Page 10 screenshot
14.   Log Export Volumes and Prices by Destination, Grade
      and Group, for December – 2021                         14-1 to 14-3

15.   Log Export Volumes and Prices by Destination and
      Grade for Group 1 Species, for December - 2021         15-1 to 15-4

16.   Monthly Discrepancy Report for December – 2021         16-1 to 16-2

17.   Shipment Duty Calculation Comparison Summary
      for December – 2021                                    17-1 to 17-8

18.   Revenue, Banking, Document and Shipment Details
      for Log Exports by Exporting Company, Project Site
      and Shipment for December – 2021                      18-1 to 18-10

19.   Substantial Log Export Permit Discrepancies in Log
      Volumes Loaded for Export for December - 2021         19-1 to 19-10

20.   Monthly Document Delays for December - 2021            20-1 to 20-4

21.   Log Export Average Prices by Log Grades, Groups
      and Species and by Log Exporter Parent Companies,
      for December – 2021                                   21-1 to 21-13

22.   Annual Project Quotas and Log Exports, Year to
      Date: December - 2021                                  22-1 to 22-4

23.   General Conditions of Service                                 23-1

Page 11 screenshot
                             Log Export Statistics
                                                and
                       Export Monitoring
                           Highlights
                                December 2021
1.   This Report is a post facto summary of log export shipment inspections and log exports for the month
     of December 2021. Individual Log Inspection Reports (LIRs) have been prepared for each shipment
     immediately following the completion of loading. The LIR is forwarded directly to the PNGFA Project
     Supervisor if on site, and to the nominated Boarding Officer for clearance of the vessel. Data in this
     report are based on the LIRs, and post-shipment/commercial documents submitted by exporting
     companies, for Log Export Permits issued by the Papua New Guinea Forest Authority (PNGFA).

2.   Log exports for the month of December 2021 amounted to 300,027 m3 in 71 shipments. (See,
     Report No. 1). Foreign exchange earnings were equivalent to USD30.53 million, with a local
     currency value of K104.37 million.

3.   Log volumes endorsed in December for export amounted to a total of 255,341 m3, this
     volume decreased significantly by 63.4 per cent compared to the previous month. (See
     Report Number 8).

4.   Log export duty collectable by the PNG Customs Services total K47.72 million for the month, with an
     additional K2.35 million payable as export levy (see Report No. 1).

5.   The monthly weighted average f.o.b. invoiced price for all saw/veneer rainforest logs was
     USD111.28/m3 (November 2021: USD111.68/m3), and for all logs was USD101.77/m3 (see Report No.
     6). Average prices for the high value species which includes taun, pencil cedar, calophyllum, kwila and
     PNG mersawa remained generally steady for this month.

6.   Rainforest round logs were exported to five countries in December 2021, predominantly to
     China again (84.8) per cent of the monthly total volume, followed by India at 7.1 per cent and
     Taiwan (3.8) per cent. (See Report No. 9).

7.   During December 2021, Cakara Alam (PNG) Ltd group of companies was the major exporter with
     (21.7) per cent of the monthly total volume export followed by KK Connections Ltd group of
     companies with (10.0) per cent and Vanimo Jaya Ltd with (8.8) per cent. (See Report No. 11 and
     Report No. 12 for more).

8.   Logs were exported from ten provinces during December 2021. West New Britain Province was the
     major exporter with (33.1) per cent of the monthly total, followed by East New Britain (18.1) per cent
     and Western province with (10.9) per cent. (See Report No. 13).

9.   SGS PNG Inspectors reported major discrepancies for 5 shipments of logs inspected during
     December 2021. These discrepancies included 15 logs not declared for export which were
     loaded onto vessels and 9 logs for which the species had been mis-declared. (See Report No.
     16, page 16-2)


                                  Executive Summary Page 1 of 2

Page 12 screenshot
Full details of each discrepancy for each shipment are recorded at site on a ‘Notice of Discrepancy’ which is
countersigned by the Exporter, with a copy to the PNGFA’s Project Supervisor at the time of pre-shipment
checking or at loading. A copy of the final ‘Log Inspection Report’ which includes all Notices of Discrepancy
is made available to the PNGFA Boarding Officer at the time of clearance of each vessel for sailing.

Also, in accordance with the well-established log inspection practices, for all logs with a mis-declared species
code, the Exporters are required to endorse the ‘Notice of Discrepancy;’ withdraw the log or correct the species
code on their log tallies and summaries; and ensure that these changes are incorporated into their invoice
documentation. Similarly, for all loaded logs that SGS PNG inspectors detect as being ‘undeclared for export,’
the Exporters are required to sign a Notice of Discrepancy; make a supplementary declaration of these logs; add
the log volumes to their log tallies and summaries; and incorporate the additional volumes into the
documentation relating to Bills of Lading, Invoices and Customs Entries for the collection of export duties and
levies. By immediately correcting the errors as they are detected by SGS inspectors, the State maximizes its
returns from log exports

10.     Updated information on log export quota periods has not yet been made available for the
        various log export projects, and hence the monitoring of export quotas is not presently
        practicable (see Report Number 22).

11.     In December 2021, Cakara Alam (PNG) Ltd was the major exporter of low-grade logs
        with (18.4) per cent of the monthly total, shipped at an average FOB of USD55.00,
        followed by KK Connections Ltd group of companies with (13.1) per cent and Lucky
        Logging Ltd (9.7) per cent. Ninety-seven per cent of these low-grade natural logs
        were exported to China. (See report 9 & 21)

12.     This December, there were substantial log export permit discrepancies in log volumes loaded for export
        by various exporters where some discrepancies were over 400 per cent. These includes over loading of
        erima and calophyllum by 657 and 489 per cent by Green Point Ltd and GL Niugini Pty Ltd under
        PNGFA export permit number 2111085 and 2111142 respectively. (See report 19)

13.     There was an underpayment of duty by K39,159.00 by Cakara Alam (PNG) Ltd because of fob price
        differences. Taun was exported at USD100.00 instead of the approved price of USD110.00 under
        PNGFA export permit number 2111138 this month. (See report 17)

14.     This month, Wasu Resource Ltd and Milton Ltd over paid duty by K184,762.00 and K108,532.00
        under PNGFA export permit number 2112071 and 2111146 respectively (See Report 17).




                                      Executive Summary Page 2 of 2

Page 13 screenshot
    Log Exports Monthly Summary for 2021:
  Volumes (m3), FOB Values (USD and Kina) and
              Duty Payable (Kina)
Report printed: 30/01/2022 10:55:08 am




                                 Volume         Value           Value       Duty (K)           Levy (K)
Month
                                    (m3)      FOB (USD)        FOB (K)       Payable            Payable

January                            227,240     20,732,492    70,878,248    30,815,447           1,812,984

February                           223,728     18,959,169    64,817,671    28,006,982           1,789,822

March                              218,528     20,434,959    70,075,070    29,906,924           1,693,420

April                              225,563     22,686,017    77,640,716    35,234,773           1,796,378

May                                176,275     15,262,929    52,181,094    22,626,694           1,362,156

June                               190,769     20,663,096    70,726,750    33,079,002           1,526,150

July                               178,392     15,990,938    54,669,874    24,867,601           1,427,134

August                             302,149     31,431,572   107,458,365    49,020,136           2,314,635

September                          213,468     20,863,532    71,328,316    33,456,040           1,707,742

October                            253,138     24,153,488    82,782,555    37,367,191           1,968,041

November                           277,347     28,759,739    98,323,893    45,150,266           2,121,630

December                           300,027     30,533,877   104,369,274    47,719,680           2,345,471


Year to Date                   2,786,624      270,471,808   925,251,826   417,250,736          21,865,563




Report Number 1:          Page 1 of 1 pages                                             1- 1

Page 14 screenshot
    Monthly Actual Shipped Volumes (m3) by Log Grades
                    and Species/Groups

Log Grade:                 Saw/Veneer
                                                                                   Month                                                     12-month
Species / Group
                            12/21        11/21    10/21       9/21     8/21     7/21     6/21     5/21     4/21     3/21    2/21     1/21       total

Burckella                   3,479    2,299        2,186      2,023    2,843    1,451    1,278    1,716    1,841    3,470    3,487    1,900      27,972
Calophyllum               12,694     7,796       15,082     10,588   20,546    8,983    8,548   10,486   13,322   14,657   16,519   15,037     154,258
Dillenia                    7,292    6,717        4,774      9,446    5,081    5,590    5,550    8,659    8,582    4,926    4,276   10,176      81,069
Erima                       4,890   12,131       10,137      8,016    5,200   11,302    2,924   10,775    6,943    2,874    2,287    2,789      80,267
Grey Canarium               1,694    1,382        4,674      1,137    4,666    1,130    2,466     898     2,984    2,387    2,887    2,740      29,044
Hekakoro                        3          16        4           6      30         2        1      14       39       15       98        1            229
Kwila                     25,499    28,920       14,831     16,599   35,035    6,869   36,006    2,737   34,813   26,120   16,242   27,829     271,501
Lophopetallum/Perupok         685         466      446        677      767      257      441      623      250      651      385      478        6,125
Malas                     19,101    14,927        8,491     12,467   13,220    7,223   10,019    7,035   12,661   13,531    9,047   11,864     139,585
Pencil Cedar              10,097     5,585        5,741      7,655   16,450    3,474    3,174    4,825    5,860    6,720    9,784    6,524      85,889
PNG Mersawa                 5,841    4,570        2,232      3,555    4,208    1,766    1,414    2,970    3,454     895     4,072    6,483      41,461
PNG Walnut                  3,544    5,537        4,072      3,095    3,210    3,477    3,316    2,194    4,027    3,446    2,049    2,557      40,524
Red Canarium                6,334    5,039        4,114      5,025    5,459    2,874    4,026    3,699    4,702    3,910    4,337    3,983      53,502
Red Planchonella              608         789      483        574      634      336      225      257      483      439      686      642        6,155
Taun                      56,773    55,964       47,332     37,678   42,283   39,854   20,748   34,913   37,688   31,811   39,026   31,555     475,626
Terminalia                  9,635   11,015       12,411     10,260   13,662    8,292    6,783    7,561    8,769    9,988   10,441    9,452     118,271
White Planchonella          1,587    1,372        1,418      1,043     990      992      462      796      490      845      684      329       11,009

Field98:
Group 1 Species Total    169,756 164,526 138,428 129,842 174,283 103,872 107,381 100,158 146,910 126,685 126,306 134,339                     1,622,487
Field98:
Group 2 Species Total     13,553    11,239       14,970     10,112   14,978   11,559   12,776   15,308    9,030   19,014   12,112   13,914     158,565
Field98:
Group 3 Species Total     25,394    27,308       23,406     24,538   31,912   13,811   17,624   18,697   19,151   17,081   18,541   21,913     259,375

Field98:
Group 4 Species Total     32,804    29,946       34,878     24,018   33,861   19,900   25,085   24,389   22,897   22,619   25,539   24,796     320,733


Grade Total (m3)         241,506 233,019 211,682 188,511 255,034 149,142 162,867 158,552 197,989 185,399 182,498 194,962                     2,361,160



Log Grade:                 Plantation diam 60+ cm: regular
                                                                                   Month                                                     12-month
Species / Group
                            12/21        11/21    10/21       9/21     8/21     7/21     6/21     5/21     4/21     3/21    2/21     1/21       total

Group 2 Species               438         546      340                 248                        251      103      499               509        2,933

Field98:
Group 2 Species Total         438         546      340                 248                        251      103      499               509           2,933

Grade Total (m3)              438         546      340                 248                        251      103      499               509        2,933




Report Number 2:     Page 1 of 4 pages      Date Printed:              29/01/2022 10:53:53 am                                                2- 1

Page 15 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups          continued



Log Grade:                     Plantation diam 50 - 59 cm: small
                                                                                   Month                                                12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21      7/21      6/21     5/21    4/21   3/21    2/21   1/21      total

Group 2 Species                  604         738      614             1,086                         501    167    1,191            84       4,985

Field98:
Group 2 Species Total            604         738      614             1,086                         501    167    1,191            84          4,985

Grade Total (m3)                 604         738      614             1,086                         501    167    1,191           84       4,985



Log Grade:                     Plantation diam 40 - 49 cm: super small
                                                                                   Month                                                12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21      7/21      6/21     5/21    4/21   3/21    2/21   1/21      total

Group 2 Species                1,171    2,583       1,697             3,428                        1,550   140    2,168            25      12,764

Field98:
Group 2 Species Total          1,171    2,583       1,697             3,428                        1,550   140    2,168            25      12,764

Grade Total (m3)               1,171    2,583       1,697             3,428                        1,550   140    2,168           25      12,764



Log Grade:                     Plantation diam 30 - 39 cm: baby small
                                                                                   Month                                                12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21      7/21      6/21     5/21    4/21   3/21    2/21   1/21      total

Teak (c) baby smal (plntn                               3                                                                                         3
Group 2 Species                2,671    5,523       2,660             6,005                        2,652    95    2,269                    21,874

Field98:
Group 1 Species Total                                   3                                                                                         3
Field98:
Group 2 Species Total          2,671    5,523       2,660             6,005                        2,652    95    2,269                    21,874


Grade Total (m3)               2,671    5,523       2,663             6,005                        2,652    95    2,269                   21,877



Log Grade:                     Plantation diam 20 - 29 cm: tiny small
                                                                                   Month                                                12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21      7/21      6/21     5/21    4/21   3/21    2/21   1/21      total

Teak (b) tiny small (plntn)      222                  447                                                  425                              1,094
Group 2 Species                1,612    2,754       1,199             2,053                        1,052    11     724                      9,404

Field98:
Group 1 Species Total            222                  447                                                  425                                 1,094
Field98:
Group 2 Species Total          1,612    2,754       1,199             2,053                        1,052    11     724                         9,404


Grade Total (m3)               1,834    2,754       1,646             2,053                        1,052   436     724                    10,498



Log Grade:                     Plantation diam 00 - 19 cm: little small
                                                                                   Month                                                12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21      7/21      6/21     5/21    4/21   3/21    2/21   1/21      total

Teak (a) little small (plntn     125                  173                                                   75                                  373

Field98:
Group 1 Species Total            125                  173                                                   75                                  373

Grade Total (m3)                 125                  173                                                   75                                  373




Report Number 2:        Page 2 of 4 pages      Date Printed:          29/01/2022 10:54:04 am                                            2- 2

Page 16 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups           continued



Log Grade:                  Low Grade
                                                                                    Month                                                        12-month
Species / Group
                             12/21        11/21    10/21       9/21     8/21     7/21      6/21       5/21     4/21     3/21    2/21      1/21      total

Burckella                      974         442      143        154      681      250        141       118      378      800      781      436        5,299
Calophyllum                  4,004    2,517        1,765      2,236    2,461    1,536     2,104      1,747     889     3,221    5,638     999       29,117
Dillenia                     1,708         595     1,616       394     1,127     881        785       640      921     3,241    1,546    5,513      18,966
Erima                          710    1,803        1,100      1,611     797     1,696       602      1,680    2,262      92      894      578       13,824
Grey Canarium                  286         247       70        161       91       65        122        76       62       54      716      122        2,074
Hekakoro                                                                            2                                             26                     28
Kwila                          436                                         4     251                                       7     190                    888
Lophopetallum/Perupok          161          61       38        123       72       64         92        75       30       61      119        49          945
Malas                        6,375    1,060        2,867      1,106    3,715    1,378     1,230       713     2,715    2,759    1,802    1,821      27,540
Pencil Cedar                 3,472    1,342        1,148      1,107    1,013    1,027       950       506      611      683     3,366     451       15,676
PNG Mersawa                  1,439                  476       1,910      50     1,316       167      1,204    1,505     725     2,324    2,356      13,474
PNG Walnut                     416         611      839        353      490      805        372        58      643       46      500      202        5,335
Red Canarium                 1,452    1,178         914        833      795      710        535       381      763      456     1,069     436        9,521
Red Planchonella               111          66       75        125       83       71        107          7     140       52       69        99       1,006
Taun                        17,885   12,687       10,717      7,627    9,262    7,304     9,229      2,916    7,169    8,352    9,483    7,610     110,243
Terminalia                   1,658    1,549        1,627       451     2,561    1,484       834       217     1,544     866     1,298    1,426      15,516
White Planchonella             113         227       83        103      200      176        177       162      211       41      120      130        1,743

Field98:
Group 1 Species Total       41,202   24,384       23,477     18,294   23,402   19,015   17,449      10,501   19,843   21,458   29,943   22,228     271,195
Field98:
Group 2 Species Total        2,058    3,165        1,442       903     1,493    3,736     3,256       500      734      752     2,514    3,084      23,637
Field98:
Group 3 Species Total        4,184    2,406        3,584      3,363    4,924    2,310     3,092       323     2,576    1,660    3,701    3,184      35,308

Field98:
Group 4 Species Total        4,234    2,229        5,821      2,398    4,476    4,189     4,105       394     3,404    2,408    5,072    3,165      41,896


Grade Total (m3)            51,678   32,184       34,324     24,957   34,295   29,250   27,902      11,718   26,558   26,278   41,230   31,661    372,036




Report Number 2:      Page 3 of 4 pages      Date Printed:              29/01/2022 10:54:07 am                                                   2- 3

Page 17 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Species/Groups             continued



Product                         All logs
                                                                                      Month                                                        12-month
Species / Group
                                 12/21      11/21    10/21       9/21     8/21     7/21      6/21       5/21     4/21     3/21    2/21     1/21       total

Burckella                        4,453    2,740      2,329      2,177    3,524    1,701     1,419      1,834    2,219    4,270    4,268    2,336      33,271
Calophyllum                     16,697   10,313     16,847     12,823   23,007   10,519   10,652      12,233   14,212   17,878   22,158   16,036     183,375
Dillenia                         9,001    7,312      6,389      9,840    6,208    6,471     6,334      9,299    9,503    8,167    5,822   15,689     100,035
Erima                            5,600   13,934     11,236      9,627    5,997   12,997     3,526     12,454    9,205    2,966    3,182    3,367      94,091
Grey Canarium                    1,980    1,629      4,744      1,298    4,757    1,195     2,588       974     3,046    2,442    3,603    2,862      31,118
Hekakoro                            3         16        4           6      30         4          1       14       39       15      124        1           257
Kwila                           25,935   28,920     14,831     16,599   35,039    7,120   36,006       2,737   34,813   26,127   16,432   27,829     272,388
Lophopetallum/Perupok             846        527      484        800      839      320        533       698      281      712      504      527        7,070
Malas                           25,476   15,987     11,358     13,573   16,935    8,601   11,248       7,748   15,376   16,291   10,849   13,684     167,125
Pencil Cedar                    13,569    6,927      6,889      8,762   17,463    4,500     4,125      5,331    6,471    7,403   13,149    6,975     101,566
PNG Mersawa                      7,280    4,570      2,709      5,465    4,258    3,083     1,582      4,174    4,959    1,621    6,397    8,839      54,935
PNG Walnut                       3,960    6,148      4,911      3,448    3,700    4,282     3,689      2,252    4,670    3,492    2,549    2,758      45,859
Red Canarium                     7,786    6,217      5,028      5,858    6,254    3,584     4,561      4,080    5,465    4,366    5,406    4,418      63,023
Red Planchonella                  720        855      558        699      716      407        332       264      624      491      755      741        7,161
Taun                            74,659   68,651     58,050     45,305   51,545   47,157   29,978      37,829   44,858   40,163   48,509   39,165     585,869
Teak (a) little small (plntn      125                 173                                                         75                                      373
)
Teak (b) tiny small (plntn)       222                 447                                                        425                                   1,094
Teak (c) baby smal (plntn                               3                                                                                                   3
)
Terminalia                      11,294   12,564     14,038     10,711   16,224    9,777     7,617      7,779   10,313   10,854   11,740   10,878     133,787
White Planchonella               1,701    1,599      1,501      1,146    1,190    1,168       640       958      702      886      803      459       12,752

Field98:
Group 1 Species Total          211,306 188,909 162,527 148,136 197,685 122,887 124,830 110,659 167,253 148,143 156,250 156,567                     1,895,151
Field98:
Group 2 Species Total           22,106   26,548     22,922     11,015   29,290   15,295   16,032      21,813   10,281   26,617   14,626   17,616     234,161
Field98:
Group 3 Species Total           29,578   29,714     26,990     27,900   36,835   16,121   20,716      19,020   21,728   18,741   22,241   25,097     294,683

Field98:
Group 4 Species Total           37,038   32,175     40,699     26,416   38,337   24,089   29,191      24,783   26,301   25,027   30,611   27,961     362,628


Grand Totals (m3)              300,027 277,347 253,138 213,468 302,149 178,392 190,769 176,275 225,563 218,528 223,728 227,240                     2,786,624




Report Number 2:        Page 4 of 4 pages      Date Printed:              08/03/2022 11:08:33 am                                                   2- 4

Page 18 screenshot
     Monthly Export Log Revenues (K'000) by Log Grades
                     and Species/Groups
Log Grade:                    Saw/Veneer
                                                                                      Month                                                     12-month
Species / Group
                               12/21        11/21    10/21      9/21     8/21     7/21     6/21     5/21     4/21     3/21     2/21     1/21       total

Burckella                        1,063      692        656        593      834      412      355      491      504      945      913      498       7,956
Calophyllum                      4,808    2,905      5,631      3,934    7,608    3,258    2,866    3,749    4,616    4,977    5,740    5,196      55,289
Dillenia                         2,261    2,065      1,449      2,796    1,511    1,653    1,527    2,523    2,348    1,320    1,113    2,645      23,212
Erima                            1,514    3,673      3,028      2,418    1,512    3,654      838    3,579    1,873      743      591      730      24,155
Grey Canarium                      523      420      1,373        333    1,355      319      684      278      817      621      707      690       8,120
Hekakoro                             1        5          1          2        9        1        0        4       11        4       28        0          66
Kwila                           22,993   25,836     13,059     14,571   30,757    5,862   30,247    2,288   26,144   19,537   12,277   20,827     224,397
Lophopetallum/Perupok              211      140        136        197      220       73      123      185       68      166       97      120       1,735
Malas                            5,855    4,500      2,579      3,647    4,009    2,179    2,746    2,002    3,543    3,759    2,443    3,095      40,357
Pencil Cedar                     4,107    2,067      2,116      2,836    5,990    1,245    1,120    1,802    2,030    2,193    3,216    2,085      30,809
PNG Mersawa                      2,124    1,611        767      1,349    1,497      639      515    1,010    1,258      277    1,375    2,292      14,713
PNG Walnut                       1,083    1,635      1,211        903      919      981      919      614    1,078      882      532      626      11,383
Red Canarium                     1,922    1,514      1,234      1,478    1,571      827    1,112    1,040    1,281    1,037    1,105    1,025      15,146
Red Planchonella                   185      234        144        166      182       94       63       81      132      113      177      173       1,745
Taun                            21,508   21,029     17,729     13,952   15,668   14,793    7,507   12,779   13,288   11,241   13,618   10,729     173,841
Terminalia                       2,994    3,288      3,714      2,981    3,947    2,333    1,881    2,137    2,347    2,607    2,615    2,388      33,231
White Planchonella                 485      420        432        308      293      310      130      214      134      224      167       80       3,197

Field98:
Group 1 Species Total          73,638    72,033     55,258     52,463   77,881   38,634   52,634   34,777   61,472   50,647   46,714   53,200     669,351

Field98:
Group 2 Species Total           3,711       3,012    3,949      2,710    3,902    2,996    3,250    3,797    2,213    4,332    2,668    3,094      39,633

Field98:
Group 3 Species Total           6,654       6,896    5,813      6,151    7,771    3,461    4,147    4,510    4,289    3,750    3,874    4,582      61,899

Field98:
Group 4 Species Total           7,850       7,027    8,103      5,524    7,581    4,366    5,541    5,402    4,717    4,489    4,860    4,848      70,307

Grade Total (K'000)           91,853     88,967     73,123     66,847   97,134   49,457   65,572   48,486   72,691   63,218   58,116   65,724     841,189

Log Grade:                    Plantation diam 60+ cm: regular
                                                                                      Month                                                     12-month
Species / Group
                               12/21        11/21    10/21      9/21     8/21     7/21     6/21     5/21     4/21     3/21     2/21     1/21       total

Group 2 Species                   212        192       166                 119                        117       34      253               173          1,267

Field98:
Group 2 Species Total            212         192       166                 119                        117       34      253               173          1,267

Grade Total (K'000)              212         192      166                 119                        117       34      253               173        1,267

Log Grade:                    Plantation diam 50 - 59 cm: small
                                                                                      Month                                                     12-month
Species / Group
                               12/21        11/21    10/21      9/21     8/21     7/21     6/21     5/21     4/21     3/21     2/21     1/21       total

Group 2 Species                   264        256       269                 459                        201       57      535                26          2,068

Field98:
Group 2 Species Total            264         256       269                 459                        201       57      535                26          2,068

Grade Total (K'000)              264         256      269                 459                        201       57      535                26        2,068




Report Number 3:        Page 1 of 4 pages      Date Printed:             30/01/2022 11:01:21 am                                                 3- 1

Page 19 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups                continued


Log Grade:                            Plantation diam 40 - 49 cm: super small
                                                                                         Month                                              12-month
Species / Group
                                       12/21        11/21   10/21      9/21   8/21    7/21       6/21    5/21   4/21   3/21   2/21   1/21      total

Group 2 Species                           457         845     658             1,291                       554     48    867             7          4,727

Field98:
Group 2 Species Total                    457          845     658             1,291                       554     48    867             7          4,727

Grade Total (K'000)                      457         845      658             1,291                       554     48    867             7      4,727

Log Grade:                            Plantation diam 30 - 39 cm: baby small
                                                                                         Month                                              12-month
Species / Group
                                       12/21        11/21   10/21      9/21   8/21    7/21       6/21    5/21   4/21   3/21   2/21   1/21      total

Teak (c) baby smal (plntn)                                      3                                                                                      3
Group 2 Species                           840       1,458     846             1,854                       761     30    753                        6,541

Field98:
Group 1 Species Total                                           3                                                                                      3

Field98:
Group 2 Species Total                    840        1,458     846             1,854                       761     30    753                        6,541

Grade Total (K'000)                      840        1,458     848             1,854                       761     30    753                    6,544

Log Grade:                            Plantation diam 20 - 29 cm: tiny small
                                                                                         Month                                              12-month
Species / Group
                                       12/21        11/21   10/21      9/21   8/21    7/21       6/21    5/21   4/21   3/21   2/21   1/21      total

Teak (b) tiny small (plntn)               199                 399                                                379                                 977
Group 2 Species                           300         537     223               364                       167      3    146                        1,741

Field98:
Group 1 Species Total                    199                  399                                                379                                977

Field98:
Group 2 Species Total                    300          537     223               364                       167      3    146                        1,741

Grade Total (K'000)                      499         537      622              364                        167    383    146                    2,718

Log Grade:                            Plantation diam 00 - 19 cm: little small
                                                                                         Month                                              12-month
Species / Group
                                       12/21        11/21   10/21      9/21   8/21    7/21       6/21    5/21   4/21   3/21   2/21   1/21      total

Teak (a) little small (plntn)             112                 154                                                 67                                333

Field98:
Group 1 Species Total                    112                  154                                                 67                                333

Grade Total (K'000)                      112                  154                                                 67                                333




Report Number 3:                Page 2 of 4 pages      Date Printed:          30/01/2022 11:01:32 am                                        3- 2

Page 20 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups           continued


Log Grade:                    Low Grade
                                                                                   Month                                                    12-month
Species / Group
                               12/21        11/21   10/21      9/21    8/21     7/21        6/21    5/21    4/21    3/21    2/21    1/21       total

Burckella                         190          84      28         28     124       43         24       19      64     133     124      68         928
Calophyllum                       759         470     341        398     433      251        342      276     145     530     938     152       5,033
Dillenia                          343         112     318         74     197      149        121      105     146     511     238     896       3,209
Erima                             134         338     228        302     144      324        118      286     384      14     152      99       2,523
Grey Canarium                      51          45      15         25      15       10         21       11      10       8     121      21         352
Hekakoro                                                                            0                                           4                   5
Kwila                              255                                     1       40                                   1      33                 330
Lophopetallum/Perupok               29         11        8        19      12       10          14      10       5       8      17       7         151
Malas                            1,236        203      553       206     660      233         230     122     452     442     287     284       4,909
Pencil Cedar                       656        254      233       199     184      169         169      82      98     111     559      67       2,782
PNG Mersawa                        293                  91       359       9      241          30     206     257     124     395     361       2,367
PNG Walnut                          80        113      170        65      91      140          69       9     100       7      83      29         958
Red Canarium                       284        220      185       145     141      123          92      59     124      74     171      68       1,685
Red Planchonella                    22         13       15        23      15       11          20       1      21       9      10      15         177
Taun                             3,471      2,387    2,182     1,365   1,692    1,296       1,821     455   1,180   1,393   1,562   1,222      20,027
Terminalia                         311        290      331        77     470      250         157      32     247     142     202     209       2,718
White Planchonella                  21         42       17        18      37       34          32      26      31       6      17      19         298

Field98:
Group 1 Species Total           8,136       4,581    4,714     3,304   4,225    3,324       3,261   1,699   3,264   3,513   4,914   3,517      48,450

Field98:
Group 2 Species Total            383          617     288        157     269      726        580       73     120     125     395     493          4,226

Field98:
Group 3 Species Total            792          444     724        593     920      405        555       55     407     263     584     474          6,217

Field98:
Group 4 Species Total            821          427    1,215       427     824      758        759       67     540     401     809     464          7,513

Grade Total (K'000)           10,132        6,069   6,941      4,481   6,237    5,213      5,155    1,895   4,331   4,303   6,702   4,948     66,406




Report Number 3:        Page 3 of 4 pages      Date Printed:           30/01/2022 11:01:35 am                                               3- 3

Page 21 screenshot
Report - Monthly Export Log Revenues (K'000) by Log Grades and Species/Groups             continued



Log Grade:                     All logs
                                                                                      Month                                                        12-month
Species / Group
                                 12/21      11/21    10/21       9/21     8/21     7/21        6/21     5/21     4/21     3/21    2/21     1/21       total

Burckella                       1,254        776      684        621      958      455          379     509      567     1,078    1,037     566           8,884

Calophyllum                     5,567     3,374      5,973      4,331    8,041    3,509      3,208     4,025    4,762    5,506    6,678    5,348      60,322

Dillenia                        2,604     2,177      1,767      2,870    1,708    1,802      1,648     2,628    2,494    1,831    1,350    3,541      26,420

Erima                           1,648     4,012      3,256      2,721    1,656    3,978         956    3,865    2,257     757      743      829       26,678

Grey Canarium                     574        464     1,387       358     1,370     329          705     289      827      628      828      711           8,472

Hekakoro                            1          5        1           2        9        1           0        4      11         4      33        0             71

Kwila                          23,249    25,836     13,059     14,571   30,757    5,902     30,247     2,288   26,144   19,538   12,309   20,827     224,727

Lophopetallum/Perupok             239        151      143        217      231       83          138     196       72      174      114      127           1,886

Malas                           7,091     4,703      3,132      3,853    4,669    2,412      2,976     2,124    3,996    4,201    2,730    3,379      45,266

Pencil Cedar                    4,763     2,321      2,350      3,036    6,174    1,414      1,289     1,884    2,128    2,304    3,775    2,152      33,591

PNG Mersawa                     2,417     1,611       858       1,708    1,506     881          545    1,215    1,515     401     1,769    2,654      17,080

PNG Walnut                      1,163     1,749      1,380       968     1,010    1,121         988     623     1,178     889      616      655       12,341

Red Canarium                    2,206     1,734      1,418      1,623    1,712     950       1,204     1,099    1,405    1,111    1,275    1,093      16,831

Red Planchonella                  207        247      159        190      197      105           83      82      153      123      188      188           1,921

Taun                           24,979    23,416     19,911     15,317   17,360   16,089      9,329    13,234   14,468   12,634   15,180   11,951     193,868

Teak (a) little small (plntn      112                 154                                                         67                                       333
)
Teak (b) tiny small (plntn)       199                 399                                                        379                                       977

Teak (c) baby smal (plntn                               3                                                                                                     3
)
Terminalia                      3,305     3,578      4,045      3,057    4,417    2,582      2,037     2,169    2,594    2,749    2,817    2,597      35,948

White Planchonella                506        461      449        326      330      344          162     240      165      230      185       99           3,495


Field98:
Group 1 Species Total          82,084    76,614     60,528     55,767   82,106   41,958     55,894    36,476   65,182   54,160   51,628   56,717     719,113
Field98:
Group 2 Species Total           6,168     6,917      6,399      2,867    8,257    3,723      3,830     5,671    2,505    7,011    3,062    3,793      60,203

Field98:
Group 3 Species Total           7,446     7,340      6,537      6,744    8,690    3,866      4,703     4,565    4,696    4,014    4,458    5,057      68,115

Field98:
Group 4 Species Total           8,672     7,453      9,318      5,951    8,405    5,123      6,300     5,469    5,257    4,891    5,670    5,312      77,820


Grand Total (K'000)            104,369   98,324     82,783     71,328 107,458    54,670      70,727   52,181   77,641   70,075   64,818   70,878     925,252




Report Number 3:        Page 4 of 4 pages      Date Printed:              30/01/2022 11:02:01 am                                                   3- 4

Page 22 screenshot
 Monthly Export Log Revenues (USD'000) by Log Grades
                  and Species/Groups

Log Grade:                 Saw/Veneer
                                                                                   Month                                                     12-month
Species / Group
                            12/21        11/21    10/21       9/21     8/21     7/21     6/21     5/21     4/21     3/21    2/21     1/21       total

Burckella                     311         202      192        174      244      121      104      144      147      276      267      146       2,326
Calophyllum                 1,407         850     1,647      1,151    2,225     953      836     1,097    1,347    1,452    1,679    1,520     16,164
Dillenia                      662         604      424        818      442      483      447      738      687      386      325      771       6,787
Erima                         443    1,074         886        707      442     1,069     245     1,047     548      217      173      214       7,065
Grey Canarium                 153         123      401         97      396       93      200       81      239      181      207      202       2,375
Hekakoro                        0           1        0           1        2        0        0        1        3        1       8        0            19
Kwila                       6,726    7,557        3,819      4,262    8,996    1,715    8,847     669     7,647    5,713    3,591    6,092     65,635
Lophopetallum/Perupok          62          41       40         58       64       21        36      54       20       48       28       35           507
Malas                       1,714    1,316         754       1,067    1,173     637      803      586     1,036    1,098     715      904      11,802
Pencil Cedar                1,202         605      619        830     1,752     364      326      527      592      641      941      610       9,008
PNG Mersawa                   621         471      223        394      438      187      146      295      364       81      402      671       4,294
PNG Walnut                    317         478      353        264      269      287      269      180      315      256      156      183       3,326
Red Canarium                  563         443      361        432      459      242      325      304      375      302      323      300       4,429
Red Planchonella               54          68       42         49       53       27        18      24       39       33       52       51           510
Taun                        6,293    6,151        5,180      4,081    4,583    4,327    2,194    3,738    3,885    3,271    3,983    3,140     50,825
Terminalia                    876         962     1,086       872     1,154     682      549      625      686      760      765      699       9,717
White Planchonella            142         123      126         90       86       91        38      63       39       66       49       23           935

Field98:
Group 1 Species Total     21,546    21,070       16,152     15,345   22,780   11,301   15,383   10,172   17,969   14,781   13,664   15,561    195,724
Field98:
Group 2 Species Total       1,086         881     1,145       793     1,141     876      950     1,111     646     1,266     780      904      11,579
Field98:
Group 3 Species Total       1,947    2,017        1,688      1,799    2,273    1,012    1,210    1,319    1,251    1,088    1,133    1,341     18,078

Field98:
Group 4 Species Total       2,297    2,055        2,350      1,616    2,217    1,277    1,615    1,580    1,377    1,308    1,422    1,419     20,533


Grade Total (USD'000) 26,876 26,023 21,335 19,553 28,412 14,466 19,157 14,182 21,244 18,443 16,999 19,225                                    245,914


Log Grade:                 Plantation diam 60+ cm: regular
                                                                                   Month                                                     12-month
Species / Group
                            12/21        11/21    10/21       9/21     8/21     7/21     6/21     5/21     4/21     3/21    2/21     1/21       total

Group 2 Species                62          56       49                  35                         34       10       74                51           371

Field98:
Group 2 Species Total          62          56       49                  35                         34       10       74                51           371


Grade Total (USD'000)          62          56       49                  35                         34       10       74                51           371




Report Number 4:     Page 1 of 4 pages      Date Printed:              30/01/2022 11:03:00 am                                                4- 1

Page 23 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups      continued



Log Grade:                     Plantation diam 50 - 59 cm: small
                                                                                   Month                                             12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21    7/21     6/21       5/21   4/21   3/21   2/21   1/21      total

Group 2 Species                   77          75       79             134                          59     17    157              8          605

Field98:
Group 2 Species Total             77          75       79             134                          59     17    157              8          605


Grade Total (USD'000)             77          75      79              134                          59     17    157             8           605


Log Grade:                     Plantation diam 40 - 49 cm: super small
                                                                                   Month                                             12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21    7/21     6/21       5/21   4/21   3/21   2/21   1/21      total

Group 2 Species                  134         247      193             378                         162     14    254              2      1,383

Field98:
Group 2 Species Total            134         247      193             378                         162     14    254              2      1,383


Grade Total (USD'000)           134         247      193              378                         162     14    254             2      1,383


Log Grade:                     Plantation diam 30 - 39 cm: baby small
                                                                                   Month                                             12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21    7/21     6/21       5/21   4/21   3/21   2/21   1/21      total

Teak (c) baby smal (plntn                               1                                                                                     1
Group 2 Species                  246         426      247             542                         223       9   220                     1,913

Field98:
Group 1 Species Total                                   1                                                                                     1
Field98:
Group 2 Species Total            246         426      247             542                         223       9   220                     1,913


Grade Total (USD'000)           246         426      248              542                         223      9    220                    1,914


Log Grade:                     Plantation diam 20 - 29 cm: tiny small
                                                                                   Month                                             12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21    7/21     6/21       5/21   4/21   3/21   2/21   1/21      total

Teak (b) tiny small (plntn)       56                  112                                                106                                274
Group 2 Species                   88         157       65             106                          49       1    43                         509

Field98:
Group 1 Species Total             56                  112                                                106                                274
Field98:
Group 2 Species Total             88         157       65             106                          49       1    43                         509


Grade Total (USD'000)           143         157      177              106                          49    107     43                         783


Log Grade:                     Plantation diam 00 - 19 cm: little small
                                                                                   Month                                             12-month
Species / Group
                               12/21        11/21   10/21      9/21   8/21    7/21     6/21       5/21   4/21   3/21   2/21   1/21      total

Teak (a) little small (plntn      31                   43                                                 19                                 93

Field98:
Group 1 Species Total             31                   43                                                 19                                 93


Grade Total (USD'000)             31                  43                                                  19                                 93




Report Number 4:        Page 2 of 4 pages      Date Printed:          30/01/2022 11:03:11 am                                         4- 2

Page 24 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups        continued



Log Grade:                  Low Grade
                                                                                   Month                                                   12-month
Species / Group
                             12/21        11/21   10/21       9/21    8/21    7/21      6/21        5/21    4/21    3/21    2/21    1/21      total

Burckella                       56          24        8          8      36      12          7          5      19      38      36      20          270
Calophyllum                    222         137      100        116     127      73       100         81       43     153     274      44      1,470
Dillenia                       100          33       93         22      58      44         35        31       43     148      70     262          937
Erima                           39          99       67         88      42      95         34        84      112       4      45      29          738
Grey Canarium                   15          13        4          7       4         3        6          3       3       2      35       6          103
Hekakoro                                                                           0                                           1                    1
Kwila                           75                                       0      12                                     0      10                   96
Lophopetallum/Perupok            8           3        2          6       3         3        4          3       1       2       5       2           44
Malas                          362          59      162         60     193      68         67        36      132     128      84      83      1,435
Pencil Cedar                   192          74       68         58      54      50         49        24       29      32     163      20          814
PNG Mersawa                     86                   27        105       3      71          9        60       75      36     116     106          692
PNG Walnut                      23          33       50         19      27      41         20          3      29       2      24       9          280
Red Canarium                    83          64       54         42      41      36         27        17       36      21      50      20          492
Red Planchonella                 7           4        4          7       5         3        6          0       6       3       3       4           52
Taun                         1,016         698      638        399     495     379       533        133      345     407     457     358      5,858
Terminalia                      91          85       97         22     138      73         46          9      72      40      59      61          794
White Planchonella               6          12        5          5      11      10          9          7       9       2       5       6           87

Field98:
Group 1 Species Total        2,381    1,340       1,379        966   1,236     972       953        497      955   1,019   1,437   1,029     14,164
Field98:
Group 2 Species Total          112         181       84         46      79     212       170         21       35      36     115     144      1,235
Field98:
Group 3 Species Total          232         130      212        174     269     118       162         16      119      76     171     139      1,817

Field98:
Group 4 Species Total          240         125      355        125     241     222       222         20      158     114     237     136      2,194


Grade Total (USD'000) 2,965           1,775       2,030      1,311   1,824   1,525     1,506        554    1,267   1,245   1,960   1,448    19,410




Report Number 4:      Page 3 of 4 pages      Date Printed:            30/01/2022 11:03:13 am                                               4- 3

Page 25 screenshot
Report - Monthly Shipped Log Revenues (USD'000) by Log Grades and Species/Groups          continued



Log Grade:                     All logs
                                                                                      Month                                                        12-month
Species / Group
                                12/21       11/21    10/21       9/21     8/21     7/21     6/21        5/21     4/21     3/21    2/21     1/21       total

Burckella                        367         227      200        182      280      133      111         149      166      313      303      166       2,596

Calophyllum                     1,629        987     1,747      1,267    2,352    1,026     936        1,177    1,390    1,605    1,953    1,565     17,634

Dillenia                         762         637      517        840      500      527      482         769      729      534      395     1,034      7,725

Erima                            482     1,173        952        796      484     1,163     280        1,131     660      221      217      243       7,803

Grey Canarium                    168         136      406        105      401       96      206          85      242      184      242      208       2,477

Hekakoro                           0           1        0           1        2        0        0           1        3        1      10        0            21

Kwila                           6,800    7,557       3,819      4,262    8,996    1,726    8,847        669     7,647    5,713    3,600    6,092     65,731

Lophopetallum/Perupok             70          44       42         63       68       24        40         57       21       51       33       37           551

Malas                           2,076    1,376        916       1,127    1,366     706      870         621     1,168    1,226     799      987      13,237

Pencil Cedar                    1,394        679      687        888     1,806     414      376         551      621      673     1,104     630       9,821

PNG Mersawa                      707         471      250        500      440      258      154         355      439      117      518      777       4,986

PNG Walnut                       340         511      403        283      296      328      289         182      345      258      180      192       3,606

Red Canarium                     646         507      415        475      501      278      352         322      411      323      373      320       4,921

Red Planchonella                  61          72       46         55       58       31        24         24       45       35       55       55           561

Taun                            7,309    6,849       5,818      4,480    5,078    4,706    2,726       3,871    4,230    3,678    4,440    3,497     56,683

Teak (a) little small (plntn      31                   43                                                         19                                       93
)
Teak (b) tiny small (plntn)       56                  112                                                        106                                      274

Teak (c) baby smal (plntn                               1                                                                                                   1
)
Terminalia                       967     1,047       1,183       894     1,292     755      595         634      759      800      824      760      10,510

White Planchonella               148         135      131         95       96      101        47         70       48       67       54       29       1,022


Field98:
Group 1 Species Total          24,013   22,410      17,687     16,312   24,016   12,273   16,336      10,669   19,049   15,800   15,101   16,590    210,255
Field98:
Group 2 Species Total           1,804    2,023       1,862       838     2,415    1,089    1,119       1,659     732     2,049     896     1,108     17,595
Field98:
Group 3 Species Total           2,179    2,147       1,900      1,973    2,542    1,131    1,372       1,335    1,370    1,164    1,304    1,480     19,895

Field98:
Group 4 Species Total           2,537    2,180       2,705      1,741    2,458    1,499    1,837       1,600    1,535    1,422    1,658    1,554     22,727


Grand Total (USD'000) 30,534 28,760 24,153 20,864 31,432 15,991 20,663 15,263 22,686 20,435 18,959 20,732                                          270,472




Report Number 4:        Page 4 of 4 pages      Date Printed:              30/01/2022 11:03:37 am                                                   4- 4

Page 26 screenshot
           Monthly Average Actual Export Prices (Kina) by Log
                      Grades and Species/Groups
Log Grade :                   Saw/Veneer
                                                                                      Month
Species / Group                 12/21       11/21    10/21      9/21      8/21     7/21     6/21      5/21    4/21     3/21     2/21      1/21       Average

Burckella                      305.65       301.12   300.13    293.28    293.29   284.06   277.78    286.03   273.54   272.29   261.73    262.28           284.43
Calophyllum                    378.81       372.56   373.39    371.55    370.30   362.70   335.31    357.56   346.52   339.54   347.46    345.55           358.42
Dillenia                       310.04       307.48   303.61    296.04    297.48   295.61   275.19    291.37   273.58   267.94   260.25    259.93           286.32
Erima                          309.62       302.82   298.69    301.70    290.83   323.32   286.56    332.20   269.73   258.61   258.35    261.86           300.93
Grey Canarium                  308.95       303.73   293.69    292.64    290.47   282.34   277.26    309.60   273.91   260.04   245.02    251.90           279.58
Hekakoro                       307.69       307.69   290.60    290.60    287.88   273.50   290.60    273.50   287.60   259.83   290.60    239.07           287.67
Kwila                          901.73       893.36   880.52    877.77    877.88   853.41   840.06    835.69   751.00   747.96   755.88    748.40           826.51
Lophopetallum/Perupok          307.97       299.66   304.04    291.43    286.30   284.65   279.52    297.63   270.17   254.51   252.37    250.23           283.21
Malas                          306.53       301.47   303.67    292.52    303.24   301.72   274.12    284.60   279.86   277.82   270.04    260.86           289.12
Pencil Cedar                   406.80       370.10   368.60    370.55    364.12   358.39   352.68    373.52   346.43   326.39   328.73    319.63           358.70
PNG Mersawa                    363.58       352.60   343.69    379.38    355.67   362.03   364.31    339.90   364.11   309.42   337.54    353.58           354.87
PNG Walnut                     305.70       295.30   297.32    291.63    286.26   282.21   277.19    279.78   267.58   256.05   259.84    244.71           280.89
Red Canarium                   303.41       300.44   299.85    294.14    287.74   287.88   276.21    281.23   272.50   265.28   254.68    257.36           283.09
Red Planchonella               304.36       296.26   297.20    290.20    286.88   279.46   281.12    315.29   272.38   258.59   258.83    269.84           283.44
Taun                           378.83       375.75   374.57    370.29    370.56   371.19   361.83    366.02   352.58   353.37   348.94    340.00           365.50
Terminalia                     310.70       298.49   299.26    290.51    288.89   281.28   277.23    282.68   267.68   261.01   250.42    252.67           280.97
White Planchonella             305.74       305.72   304.83    294.95    296.12   312.77   280.59    269.23   272.35   265.45   244.46    242.74           290.40

All Group 1 Species             433.79      437.82   399.18    404.05    446.86   371.94   490.16    347.22   418.43   399.78   369.85    396.02           412.55
All Group 2 Species             273.79      267.97   263.78    267.98    260.50   259.23   254.37    248.04   245.11   227.81   220.27    222.35           249.95
All Group 3 Species             262.05      252.51   248.38    250.66    243.50   250.59   235.33    241.22   223.97   219.56   208.93    209.11           238.65
All Group 4 Species             239.31      234.64   232.33    229.98    223.89   219.38   220.87    221.48   205.99   198.48   190.31    195.52           219.21

Average Price (K)             380.34 381.80 345.44 354.61 380.87 331.61 402.61 305.80 367.15 340.98 318.45 337.11                                         356.26


Log Grade :                   Plantation diam 60+ cm: regular
                                                                                      Month
Species / Group                 12/21       11/21    10/21      9/21      8/21     7/21     6/21      5/21    4/21     3/21     2/21      1/21       Average

Group 2 Species                485.47       352.24   488.89              478.61                      466.67   331.15   507.69             340.43           432.09

All Group 2 Species             485.47      352.24   488.89              478.61                      466.67   331.15   507.69             340.43           432.09

Average Price (K)             485.47 352.24 488.89                      478.61                      466.67 331.15 507.69                 340.43           432.09


Log Grade :                   Plantation diam 50 - 59 cm: small
                                                                                      Month
Species / Group                 12/21       11/21    10/21      9/21      8/21     7/21     6/21      5/21    4/21     3/21     2/21      1/21       Average

Group 2 Species                437.61       347.40   437.61              422.79                      401.71   341.26   449.57             308.90           414.88

All Group 2 Species             437.61      347.40   437.61              422.79                      401.71   341.26   449.57             308.90           414.88

Average Price (K)             437.61 347.40 437.61                      422.79                      401.71 341.26 449.57                 308.90           414.88


Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:        Page 1 of 4 pages      Date Printed:             30/01/2022 11:04:30 am                                                    5- 1

Page 27 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups          continued



Log Grade :                           Plantation diam 40 - 49 cm: super small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21    1/21       Average

Group 2 Species                        389.74       327.15    388.03           376.60                      357.26    339.25   400.00           276.85           370.34

All Group 2 Species                     389.74      327.15    388.03           376.60                      357.26    339.25   400.00           276.85           370.34

Average Price (K)                     389.74 327.15 388.03                    376.60                    357.26 339.25 400.00                  276.85           370.34


Log Grade :                           Plantation diam 30 - 39 cm: baby small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21    1/21       Average

Teak (c) baby smal (plntn)                                    892.86                                                                                            892.86
Group 2 Species                        314.53       263.93    317.95           308.74                      287.18    314.53   331.62                            299.04

All Group 1 Species                                           892.86                                                                                            892.86
All Group 2 Species                     314.53      263.93    317.95           308.74                      287.18    314.53   331.62                            299.04

Average Price (K)                     314.53 263.93 318.57                    308.74                    287.18 314.53 331.62                                   299.12


Log Grade :                           Plantation diam 20 - 29 cm: tiny small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21    1/21       Average

Teak (b) tiny small (plntn)            892.86                 892.86                                                 892.86                                     892.86
Group 2 Species                        186.32       195.00    186.32           177.32                      158.97    280.34   201.71                            185.13

All Group 1 Species                     892.86                892.86                                                 892.86                                     892.86
All Group 2 Species                     186.32      195.00    186.32           177.32                      158.97    280.34   201.71                            185.13

Average Price (K)                     272.00 195.00 378.06                    177.32                    158.97 877.76 201.71                                   258.89


Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21    1/21       Average

Teak (a) little small (plntn)          892.86                 892.86                                                 892.86                                     892.86

All Group 1 Species                     892.86                892.86                                                 892.86                                     892.86

Average Price (K)                     892.86                 892.86                                                 892.86                                     892.86




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:                Page 2 of 4 pages      Date Printed:           30/01/2022 11:04:38 am                                                   5- 2

Page 28 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups     continued



Log Grade :                   Low Grade
                                                                                     Month
Species / Group                 12/21       11/21    10/21      9/21     8/21     7/21     6/21        5/21    4/21     3/21     2/21     1/21       Average

Burckella                      195.42       189.14   193.92    178.53   182.40   170.59   170.37      158.05   168.28   166.27   159.32   155.32           175.06
Calophyllum                    189.58       186.54   193.38    177.88   175.76   163.35   162.57      157.71   163.51   164.45   166.31   151.94           172.86
Dillenia                       200.59       188.51   196.76    188.03   174.43   169.60   153.76      164.26   158.24   157.68   153.73   162.48           169.18
Erima                          188.34       187.53   207.63    187.67   180.55   190.81   195.58      170.34   169.92   149.91   170.20   171.18           182.51
Grey Canarium                  178.42       181.11   208.72    155.87   160.25   159.43   172.23      144.51   155.24   139.63   168.52   172.24           169.51
Hekakoro                                                                         205.13                                          170.94                    173.26
Kwila                          585.44                                   153.85   159.87                                 175.63   170.94                    371.45
Lophopetallum/Perupok          176.93       181.27   198.05    158.11   164.75   163.99   157.19      136.75   148.70   139.25   143.63   149.45           159.73
Malas                          193.91       191.33   193.06    186.17   177.67   168.97   187.10      170.94   166.60   160.08   159.46   156.04           178.23
Pencil Cedar                   188.95       189.05   203.39    180.04   182.03   164.80   178.28      162.18   160.73   162.34   165.96   148.09           177.48
PNG Mersawa                    203.73                191.15    188.03   179.67   183.32   180.27      170.94   170.94   170.94   169.89   153.33           175.68
PNG Walnut                     191.34       185.85   202.26    185.35   186.80   173.92   184.73      157.75   156.30   152.94   166.56   145.52           179.55
Red Canarium                   195.62       186.38   202.26    174.07   177.99   173.06   171.82      155.55   162.17   162.08   159.57   155.19           176.95
Red Planchonella               199.71       200.57   201.81    183.93   186.86   157.12   186.86      158.40   149.26   178.11   151.38   147.19           175.58
Taun                           194.09       188.17   203.56    178.97   182.64   177.42   197.34      156.16   164.61   166.78   164.76   160.61           181.66
Terminalia                     187.85       187.21   203.34    170.33   183.64   168.10   188.19      145.46   159.83   164.15   155.73   146.58           175.15
White Planchonella             183.36       183.75   198.95    175.89   182.39   190.82   180.03      158.06   146.73   150.24   145.67   146.48           171.11

All Group 1 Species             197.46      187.87   200.79    180.60   180.53   174.81   186.87      161.76   164.49   163.72   164.11   158.21           178.65
All Group 2 Species             186.29      195.00   199.58    173.58   180.22   194.39   178.17      146.76   163.47   166.21   156.96   159.85           178.81
All Group 3 Species             189.21      184.47   202.02    176.46   186.85   175.18   179.49      170.94   157.96   158.69   157.80   148.98           176.07
All Group 4 Species             193.96      191.40   208.76    178.07   184.03   180.88   184.96      170.94   158.76   166.57   159.59   146.56           179.33

Average Price (K)             196.06 188.56 202.22 179.55 181.88 178.21 184.76 161.68 163.09 163.73 162.55 156.28                                         178.49




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:        Page 3 of 4 pages      Date Printed:            30/01/2022 11:04:41 am                                                     5- 3

Page 29 screenshot
Report - Monthly Average Actual Export Prices (Kina) by Log Grades and Species/Groups             continued



Log Grade :                           All Logs
                                                                                             Month
Species / Group                                                                                                                                             Average
                                        12/21       11/21    10/21      9/21     8/21     7/21     6/21        5/21    4/21     3/21     2/21     1/21

Burckella                              281.53       283.08   293.62    285.14   271.85   267.40   267.09      277.77   255.63   252.42   243.00   242.30          267.01
Calophyllum                            333.44       327.16   354.53    337.78   349.49   333.59   301.20      329.01   335.07   307.99   301.36   333.48          328.96
Dillenia                               289.27       297.81   276.59    291.72   275.13   278.46   260.15      282.62   262.40   224.18   231.96   225.69          264.11
Erima                                  294.24       287.90   289.78    282.63   276.18   306.04   271.02      310.37   245.21   255.26   233.57   246.28          283.53
Grey Canarium                          290.09       285.14   292.44    275.66   287.96   275.61   272.30      296.65   271.51   257.36   229.81   248.50          272.24
Hekakoro                               307.69       307.69   290.60    290.60   287.88   241.20   290.60      273.50   287.60   259.83   265.48   239.07          275.23
Kwila                                  896.41       893.36   880.52    877.77   877.81   828.96   840.06      835.69   751.00   747.81   749.10   748.40          825.02
Lophopetallum/Perupok                  282.99       286.03   295.71    270.90   275.93   260.72   258.38      280.29   257.00   244.68   226.66   240.85          266.71
Malas                                  278.35       294.17   275.75    283.85   275.70   280.45   264.61      274.15   259.87   257.87   251.67   246.91          270.85
Pencil Cedar                           351.05       335.03   341.08    346.47   353.56   314.22   312.50      353.46   328.90   311.25   287.07   308.54          330.73
PNG Mersawa                            331.98       352.60   316.86    312.49   353.61   285.71   344.86      291.18   305.49   247.42   276.62   300.21          310.92
PNG Walnut                             293.68       284.43   281.08    280.75   273.09   261.86   267.85      276.63   252.27   254.69   241.54   237.47          269.11
Red Canarium                           283.32       278.82   282.11    277.06   273.79   265.15   263.96      269.49   257.10   254.49   235.87   247.29          267.05
Red Planchonella                       288.16       288.93   284.43    271.14   275.32   258.15   250.63      311.11   244.70   250.03   249.00   253.43          268.29
Taun                                   334.57       341.08   343.00    338.08   336.79   341.18   311.19      349.85   322.54   314.57   312.94   305.14          330.91
Teak (a) little small (plntn)          892.86                892.86                                                    892.86                                     892.86
Teak (b) tiny small (plntn)            892.86                892.86                                                    892.86                                     892.86
Teak (c) baby smal (plntn)                                   892.86                                                                                               892.86
Terminalia                             292.66       284.77   288.14    285.45   272.27   264.10   267.48      278.84   251.53   253.28   239.95   238.77          268.70
White Planchonella                     297.60       288.41   298.96    284.28   277.00   294.39   252.69      250.43   234.55   260.08   229.74   215.55          274.09

All Group 1 Species                     388.46      405.56   372.42    376.46   415.33   341.44   447.76      329.62   389.72   365.59   330.42   362.25          379.45
All Group 2 Species                     279.00      260.56   279.17    260.24   281.92   243.39   238.90      259.99   243.67   263.41   209.39   215.31          257.10
All Group 3 Species                     251.75      247.00   242.22    241.72   235.93   239.78   227.00      240.03   216.14   214.16   200.42   201.48          231.15
All Group 4 Species                     234.13      231.64   228.96    225.27   219.23   212.69   215.82      220.68   199.88   195.41   185.22   189.97          214.60


Average Price (K)                     347.87 354.52 327.03 334.14 355.65 306.46 370.75 296.02 344.21 320.67 289.72 311.91                                    332.03




Notes: All prices are Kina FOB per cubic metre; dates of prices from Bills of Lading

Report Number 5:                Page 4 of 4 pages      Date Printed:            30/01/2022 11:05:20 am                                                     5- 4

Page 30 screenshot
           Monthly Average Actual Export Prices (USD) by Log
                      Grades and Species/Groups

Log Grade :                   Saw/Veneer
                                                                                      Month
Species / Group                 12/21       11/21    10/21      9/21      8/21     7/21     6/21      5/21    4/21     3/21     2/21     1/21       Average

Burckella                       89.45        88.08    87.65     85.78     85.79    83.09    81.20     83.66    80.00    79.40    76.56    76.74           83.16
Calophyllum                    110.83       108.97   109.22    108.68    108.31   106.09    97.78    104.58   101.14    99.06   101.63   101.11          104.79
Dillenia                        90.73        89.94    88.81     86.59     87.01    86.47    80.49     85.22    80.01    78.35    76.12    75.80           83.72
Erima                           90.58        88.58    87.37     88.25     85.07    94.57    83.81     97.17    78.90    75.43    75.57    76.64           88.02
Grey Canarium                   90.37        88.84    85.85     85.60     84.96    82.58    81.05     90.56    80.08    75.99    71.67    73.70           81.76
Hekakoro                        90.00        90.00    85.00     85.00     84.20    80.00    85.00     80.00    84.12    76.00    85.00    70.00           84.14
Kwila                          263.76       261.31   257.53    256.75    256.78   249.62   245.72    244.44   219.67   218.72   221.09   218.91          241.75
Lophopetallum/Perupok           90.12        87.65    88.93     85.24     83.74    83.26    81.36     87.06    78.47    74.45    73.82    73.25           82.80
Malas                           89.73        88.18    88.77     85.56     88.70    88.25    80.13     83.25    81.84    81.18    78.99    76.20           84.55
Pencil Cedar                   119.01       108.25   107.75    108.38    106.51   104.83   102.74    109.25   101.05    95.33    96.15    93.53          104.88
PNG Mersawa                    106.35       103.14    99.99    110.97    104.03   105.89   102.98     99.42   105.37    90.51    98.73   103.52          103.57
PNG Walnut                      89.42        86.38    86.71     85.30     83.73    82.55    81.06     81.83    78.27    74.24    76.00    71.61           82.08
Red Canarium                    88.82        87.88    87.67     86.03     84.16    84.21    80.77     82.26    79.67    77.18    74.49    75.32           82.78
Red Planchonella                89.03        86.66    86.91     84.88     83.91    81.74    82.23     92.22    79.67    74.62    75.71    78.98           82.84
Taun                           110.85       109.91   109.43    108.31    108.39   108.57   105.73    107.06   103.08   102.82   102.07    99.50          106.86
Terminalia                      90.95        87.31    87.49     84.97     84.50    82.28    81.00     82.68    78.27    76.07    73.25    73.93           82.16
White Planchonella              89.54        89.42    89.16     86.27     86.62    91.48    81.95     78.75    79.60    77.55    71.50    71.04           84.94

All Group 1 Species             126.92      128.06   116.68    118.19    130.71   108.79   143.25    101.56   122.31   116.67   108.18   115.84           120.63
All Group 2 Species              80.11       78.38    76.50     78.38     76.20    75.82    74.33     72.55    71.57    66.59    64.43    64.95            73.02
All Group 3 Species              76.67       73.86    72.13     73.32     71.22    73.30    68.63     70.56    65.35    63.69    61.11    61.19            69.70
All Group 4 Species              70.03       68.63    67.36     67.27     65.49    64.17    64.39     64.78    60.13    57.85    55.66    57.21            64.02

Ave. Price (USD)              111.28 111.68 100.79 103.72 111.40                  97.00 117.62       89.45 107.30      99.48    93.15    98.61           104.15


Log Grade :                   Plantation diam 60+ cm: regular
                                                                                      Month
Species / Group                 12/21       11/21    10/21      9/21      8/21     7/21     6/21      5/21    4/21     3/21     2/21     1/21       Average

Group 2 Species                142.00       103.03   143.00              139.99                      136.50    96.86   148.50             99.62          126.39

All Group 2 Species             142.00      103.03   143.00              139.99                      136.50    96.86   148.50             99.62           126.39

Ave. Price (USD)              142.00 103.03 143.00                      139.99                      136.50    96.86 148.50               99.62           126.39




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:        Page 1 of 4 pages      Date Printed:             30/01/2022 11:06:17 am                                                   6- 1

Page 31 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups           continued




Log Grade :                           Plantation diam 50 - 59 cm: small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21   1/21      Average

Group 2 Species                        128.00       101.62    128.00           123.67                      117.50     99.82   131.50          90.38          121.35

All Group 2 Species                     128.00      101.62    128.00           123.67                      117.50     99.82   131.50          90.38           121.35

Ave. Price (USD)                      128.00 101.62 128.00                    123.67                    117.50       99.82 131.50             90.38          121.35


Log Grade :                           Plantation diam 40 - 49 cm: super small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21   1/21      Average

Group 2 Species                        114.00        95.69    113.50           110.15                      104.50     99.23   117.00          81.00          108.32

All Group 2 Species                     114.00       95.69    113.50           110.15                      104.50     99.23   117.00          81.00           108.32

Ave. Price (USD)                      114.00        95.69 113.50              110.15                    104.50       99.23 117.00             81.00          108.32


Log Grade :                           Plantation diam 30 - 39 cm: baby small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21   1/21      Average

Teak (c) baby smal (plntn)                                    250.00                                                                                         250.00
Group 2 Species                         92.00        77.20     93.00            90.31                       84.00     92.00    97.00                          87.47

All Group 1 Species                                           250.00                                                                                          250.00
All Group 2 Species                      92.00       77.20     93.00            90.31                       84.00     92.00    97.00                           87.47

Ave. Price (USD)                       92.00        77.20     93.17            90.31                       84.00     92.00    97.00                           87.49


Log Grade :                           Plantation diam 20 - 29 cm: tiny small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21   1/21      Average

Teak (b) tiny small (plntn)            250.00                 250.00                                                 250.00                                  250.00
Group 2 Species                         54.50        57.04     54.50            51.87                       46.50     82.00    59.00                          54.15

All Group 1 Species                     250.00                250.00                                                 250.00                                   250.00
All Group 2 Species                      54.50       57.04     54.50            51.87                       46.50     82.00    59.00                           54.15

Ave. Price (USD)                       78.21        57.04 107.55               51.87                       46.50 245.86       59.00                           74.56


Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                          Month
Species / Group                         12/21       11/21     10/21    9/21     8/21    7/21    6/21        5/21     4/21     3/21     2/21   1/21      Average

Teak (a) little small (plntn)          250.00                 250.00                                                 250.00                                  250.00

All Group 1 Species                     250.00                250.00                                                 250.00                                   250.00

Ave. Price (USD)                      250.00                 250.00                                                 250.00                                   250.00




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:                Page 2 of 4 pages      Date Printed:           30/01/2022 11:06:27 am                                                 6- 2

Page 32 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups    continued




Log Grade :                   Low Grade
                                                                                   Month
Species / Group                 12/21       11/21    10/21      9/21    8/21    7/21     6/21        5/21   4/21    3/21    2/21    1/21      Average

Burckella                       57.19       55.32    56.72     52.22   53.35    49.90   49.80       46.23   49.22   47.33   46.60   45.43           51.01
Calophyllum                     55.50       54.56    56.56     52.03   51.41    47.78   47.45       46.13   47.83   47.36   48.64   44.44           50.48
Dillenia                        58.73       55.14    57.55     55.00   51.02    49.61   44.97       48.05   46.29   45.68   44.96   47.55           49.42
Erima                           55.11       54.85    60.73     54.89   52.81    55.81   57.21       49.82   49.70   43.85   49.78   50.10           53.39
Grey Canarium                   52.19       52.97    61.05     45.59   46.87    46.63   50.27       42.27   45.41   40.76   49.29   50.42           49.58
Hekakoro                                                                        60.00                                       50.00                   50.68
Kwila                          171.24                                  45.00    46.76                               50.00   50.00                  108.64
Lophopetallum/Perupok           51.81       53.02    57.93     46.25   48.19    47.97   45.62       40.00   43.50   40.73   42.01   43.73           46.70
Malas                           56.80       55.96    56.47     54.46   51.97    49.42   54.73       50.00   48.73   46.38   46.64   45.64           52.11
Pencil Cedar                    55.29       55.30    59.49     52.66   53.25    48.20   51.99       47.44   47.01   47.26   48.54   43.32           51.90
PNG Mersawa                     59.59                55.91     55.00   52.55    53.62   51.65       50.00   50.00   50.00   49.69   44.89           51.38
PNG Walnut                      55.99       54.36    59.16     54.21   54.64    50.87   54.02       46.14   45.72   44.74   48.72   42.56           52.52
Red Canarium                    57.25       54.52    59.16     50.92   52.06    50.62   50.26       45.50   47.44   46.50   46.68   45.39           51.72
Red Planchonella                58.41       58.67    59.03     53.80   54.66    45.96   54.66       46.33   43.66   50.00   44.28   43.06           51.25
Taun                            56.78       55.04    59.54     52.35   53.42    51.89   57.71       45.68   48.15   48.75   48.19   46.99           53.14
Terminalia                      54.95       54.76    59.48     49.82   53.72    49.17   55.01       42.55   46.75   46.70   45.55   42.88           51.16
White Planchonella              53.66       53.75    58.19     51.45   53.35    55.81   52.63       46.23   42.92   43.70   42.61   42.85           50.04

All Group 1 Species              57.78       54.95   58.73     52.83   52.80    51.13   54.62       47.32   48.11   47.50   48.00   46.29            52.23
All Group 2 Species              54.49       57.04   58.38     50.77   52.72    56.86   52.10       42.93   47.81   47.29   45.91   46.77            52.26
All Group 3 Species              55.36       53.96   59.09     51.62   54.65    51.24   52.41       50.00   46.20   45.63   46.16   43.58            51.46
All Group 4 Species              56.75       55.99   61.06     52.09   53.83    52.91   53.97       50.00   46.44   47.30   46.68   42.87            52.36

Ave. Price (USD)               57.37        55.15    59.15     52.52   53.20   52.13    53.98       47.29   47.70   47.36   47.55   45.72          52.17




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:        Page 3 of 4 pages      Date Printed:           30/01/2022 11:06:30 am                                               6- 3

Page 33 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grades and Species/Groups              continued



Log Grade :                           All Logs
                                                                                             Month
Species / Group                                                                                                                                             Average
                                        12/21       11/21    10/21      9/21     8/21     7/21     6/21        5/21    4/21     3/21     2/21     1/21

Burckella                               82.39        82.80    85.75     83.40    79.52    78.21    78.07       81.25    74.77    73.39    71.08    70.89           78.04
Calophyllum                             97.57        95.69   103.70     98.80   102.23    97.58    87.84       96.24    97.80    89.75    88.15    97.58           96.16
Dillenia                                84.66        87.11    80.90     85.33    80.48    81.45    76.09       82.67    76.75    65.38    67.85    65.87           77.22
Erima                                   86.08        84.21    84.76     82.67    80.78    89.52    79.27       90.78    71.72    74.45    68.32    72.08           82.93
Grey Canarium                           84.85        83.40    85.49     80.63    84.23    80.61    79.60       86.77    79.38    75.20    67.22    72.71           79.61
Hekakoro                                90.00        90.00    85.00     85.00    84.20    70.55    85.00       80.00    84.12    76.00    77.65    70.00           80.50
Kwila                                  262.21       261.31   257.53    256.75   256.76   242.47   245.72      244.44   219.67   218.68   219.11   218.91          241.31
Lophopetallum/Perupok                   82.82        83.66    86.50     79.24    80.71    76.26    75.19       81.98    74.68    71.57    66.30    70.50           77.97
Malas                                   81.49        86.04    80.62     83.03    80.64    82.03    77.35       80.19    75.99    75.28    73.61    72.14           79.21
Pencil Cedar                           102.70        98.00    99.71    101.34   103.42    91.91    91.05      103.39    95.95    90.89    83.97    90.29           96.70
PNG Mersawa                             97.11       103.14    92.24     91.40   103.43    83.57    97.56       85.17    88.56    72.37    80.91    87.89           90.77
PNG Walnut                              85.91        83.20    82.01     82.12    79.88    76.59    78.33       80.91    73.79    73.85    70.65    69.49           78.64
Red Canarium                            82.93        81.56    82.49     81.04    80.08    77.56    77.19       78.82    75.17    73.97    68.99    72.37           78.09
Red Planchonella                        84.29        84.51    83.18     79.31    80.53    75.51    73.31       91.00    71.57    72.00    72.83    74.17           78.40
Taun                                    97.90        99.77   100.22     98.89    98.51    99.79    90.94      102.33    94.30    91.58    91.53    89.29           96.75
Teak (a) little small (plntn)          250.00                250.00                                                    250.00                                     250.00
Teak (b) tiny small (plntn)            250.00                250.00                                                    250.00                                     250.00
Teak (c) baby smal (plntn)                                   250.00                                                                                               250.00
Terminalia                              85.66        83.30    84.24     83.49    79.64    77.25    78.16       81.56    73.55    73.72    70.19    69.86           78.56
White Planchonella                      87.15        84.36    87.45     83.15    81.02    86.11    73.82       73.25    68.56    75.97    67.20    63.07           80.17

All Group 1 Species                     113.64      118.63   108.82    110.11   121.49    99.87   130.86       96.41   113.89   106.65    96.65   105.96          110.94
All Group 2 Species                      81.62       76.21    81.23     76.12    82.46    71.19    69.81       76.05    71.17    76.97    61.25    62.91           75.14
All Group 3 Species                      73.66       72.25    70.40     70.70    69.01    70.14    66.21       70.21    63.08    62.09    58.62    58.95           67.51
All Group 4 Species                      68.51       67.76    66.46     65.89    64.13    62.21    62.92       64.55    58.36    56.83    54.18    55.59           62.67


Ave. Price (USD)                      101.77 103.70          95.42     97.74 104.03      89.64 108.31         86.59 100.57      93.51    84.74    91.24           97.06




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 6:                Page 4 of 4 pages      Date Printed:            30/01/2022 11:06:53 am                                                     6- 4

Page 34 screenshot
    Mean Monthly Endorsed Prices (USD) by Log Grades
                  and Species/Groups

Log Grade : Saw/Veneer
                                                                                      Month
Species / Group                                                                                                                                   12-month
                                12/21       11/21    10/21      9/21     8/21      7/21     6/21      5/21    4/21     3/21     2/21     1/21      average

Burckella                       90.41        89.38    88.24     87.12    86.87     85.68    83.32     80.67    81.21    81.13    78.11    76.10         83.73
Calophyllum                    111.68       109.45   108.79    109.04   109.45    108.32   106.17     95.75   103.24   100.23   100.34   100.94        105.58
Dillenia                        93.06        89.88    89.78     86.94    88.42     85.86    83.34     80.67    83.10    80.20    81.09    72.38         84.49
Erima                           92.06        89.47    87.56     87.24    87.95     99.25    83.63     81.25    85.07    79.59    77.56    73.42         86.93
Grey Canarium                   90.98        89.07    86.86     85.75    86.28     84.99    83.74     80.48   104.55    80.77    75.61    72.61         84.17
Hekakoro                        90.00        88.12    85.00     86.79              85.00    82.90     85.00    80.00    84.28    84.13    83.89         84.30
Kwila                          260.32       264.38   263.97    257.65   250.46    259.45   249.83    247.60   248.38   223.32   225.23   220.11        249.05
Lophopetallum/Perupok           92.18        89.29    86.28     86.57    84.86     84.61    82.29     80.21    84.03    81.16    76.18    72.46         83.54
Malas                           89.82        89.63    88.36     86.67    88.24     87.40    84.62     80.10    81.06    81.59    83.17    76.10         85.28
Pencil Cedar                   127.31       106.13   108.08    107.29   108.16    104.77   105.10    103.29   104.72    97.61    98.87    94.88        105.88
PNG Mersawa                    107.30       108.52   107.26     92.05   107.99    102.51   111.25     99.27    99.80   104.81    95.53   102.91        103.65
PNG Walnut                      89.44        89.04    87.41     86.51    85.37     85.83    81.79     80.41    80.93    79.40    74.30    73.83         83.38
Red Canarium                    89.81        88.85    87.53     87.06    86.36     86.43    81.60     80.24    81.48    79.73    76.39    75.38         83.91
Red Planchonella                91.86        89.42    86.22     86.03    84.87     84.84    80.81     81.97   116.27    80.06    74.19    74.99         85.57
Taun                           111.55       109.89   109.53    109.59   108.85    109.57   106.81    104.75   111.96   102.81   103.19   101.53        107.91
Terminalia                      91.31        89.34    86.81     86.64    86.35     84.69    82.22     79.79    82.78    79.30    75.62    72.92         83.64
White Planchonella              90.66        89.49    88.64     87.66    87.64     91.99    85.48     80.85    80.07    81.62    76.00    72.89         86.06

All Group 1 Species            113.92       145.70   135.18    115.24   105.11    133.06   119.30     98.16   124.79   111.45   132.57   101.41        122.97
All Group 2 Species             80.18        79.87    76.93     76.86    77.78     77.17    74.54     73.14    73.53    70.84    64.67    65.40         74.31
All Group 3 Species             77.17        74.62    73.28     72.69    73.17     72.60    69.69     68.46    69.47    65.84    61.50    61.23         70.91
All Group 4 Species             71.48        69.46    68.00     67.47    67.74     66.17    64.42     64.47    65.65    60.66    55.40    56.91         65.55

Mean Grade Price               98.90 123.34 116.11             99.62    93.57 114.82 102.61         85.39 106.98       95.50 114.98      87.70     105.41



Log Grade : Plantation diam 60+ cm: regular
                                                                                      Month
Species / Group                                                                                                                                   12-month
                                12/21       11/21    10/21      9/21     8/21      7/21     6/21      5/21    4/21     3/21     2/21     1/21      average

Group 2 Species                             142.00   104.51    143.00             138.50             144.00   125.79   143.00   107.00   133.27        130.92

All Group 2 Species                         142.00   104.51    143.00             138.50             144.00   125.79   143.00   107.00   133.27        130.92

Mean Grade Price                        142.00 104.51 143.00                     138.50             144.00 125.79 143.00 107.00 133.27             130.92




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:        Page 1 of 4 pages      Date Printed:            30/01/2022 11:07:26 am                                                  7- 1

Page 35 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups                 continued



Log Grade : Plantation diam 50 - 59 cm: small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/21       11/21    10/21       9/21    8/21     7/21     6/21     5/21     4/21     3/21      2/21     1/21      average

Group 2 Species                                     128.00   102.73     128.00           119.50            129.00    116.19   128.00    102.00   130.73        122.03

All Group 2 Species                                 128.00   102.73     128.00           119.50            129.00    116.19   128.00    102.00   130.73        122.03

Mean Grade Price                                128.00 102.73 128.00                    119.50            129.00 116.19 128.00 102.00 130.73               122.03



Log Grade : Plantation diam 40 - 49 cm: super small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/21       11/21    10/21       9/21    8/21     7/21     6/21     5/21     4/21     3/21      2/21     1/21      average

Group 2 Species                                     114.00    96.68     113.50           107.00            113.50    104.42   113.50    100.00   116.94        108.67

All Group 2 Species                                 114.00    96.68     113.50           107.00            113.50    104.42   113.50    100.00   116.94        108.67

Mean Grade Price                                114.00       96.68 113.50               107.00            113.50 104.42 113.50 100.00 116.94               108.67



Log Grade : Plantation diam 30 - 39 cm: baby small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/21       11/21    10/21       9/21    8/21     7/21     6/21     5/21     4/21     3/21      2/21     1/21      average

Group 2 Species                                      84.56    74.99      93.00            86.00             93.50     84.00    93.00     92.00    97.00         85.58

All Group 2 Species                                  84.56    74.99      93.00            86.00             93.50     84.00    93.00     92.00    97.00         85.58

Mean Grade Price                                    84.56    74.99      93.00            86.00            93.50      84.00    93.00     92.00    97.00         85.58



Log Grade : Plantation diam 20 - 29 cm: tiny small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/21       11/21    10/21       9/21    8/21     7/21     6/21     5/21     4/21     3/21      2/21     1/21      average

Teak (b) tiny small (plntn)                         250.00              250.00           250.00                      250.00             250.00                 250.00
Group 2 Species                                      54.50    53.00      54.50            48.50             54.50     46.50              82.00    59.00         52.96

All Group 1 Species                                 250.00              250.00           250.00                      250.00             250.00                 250.00
All Group 2 Species                                  54.50    53.00      54.50            48.50             54.50     46.50              82.00    59.00         52.96

Mean Grade Price                                    68.05    53.00      69.54            68.65            54.50      79.06             239.50    59.00         68.53



Log Grade : Plantation diam 00 - 19 cm: little small
                                                                                             Month
Species / Group                                                                                                                                           12-month
                                        12/21       11/21    10/21       9/21    8/21     7/21     6/21     5/21     4/21     3/21      2/21     1/21      average

Teak (a) little small (plntn)                       250.00              250.00           250.00                      250.00             250.00                 250.00

All Group 1 Species                                 250.00              250.00           250.00                      250.00             250.00                 250.00

Mean Grade Price                                250.00                 250.00           250.00                      250.00             250.00              250.00


Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:                Page 2 of 4 pages      Date Printed:             30/01/2022 11:07:30 am                                                 7- 2

Page 36 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups       continued



Log Grade : Low Grade
                                                                                  Month
Species / Group                                                                                                                           12-month
                              12/21       11/21    10/21      9/21    8/21      7/21     6/21     5/21   4/21    3/21    2/21    1/21      average

Kwila                                     180.00                                                                                               180.00

All Group 1 Species                       180.00                                                                                               180.00
Mixed Group Species            55.88       57.03   56.21     58.23   53.91     52.53     53.81   51.29   47.85   50.78   47.45   47.65          53.52

Mean Grade Price             55.88        57.77    56.21     58.23   53.91     52.53    53.81    51.29   47.85   50.78   47.45   47.65         53.66




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:      Page 3 of 4 pages      Date Printed:           30/01/2022 11:07:30 am                                             7- 3

Page 37 screenshot
Report - Mean Monthly Endorsed Prices (USD) by Log Grades and Species/Groups                      continued


Log Grade : All Logs
                                                                                             Month
Species / Group                                                                                                                                              12-month
                                        12/21       11/21    10/21      9/21     8/21     7/21       6/21      5/21    4/21     3/21     2/21     1/21        average

Burckella                               90.41        89.38    88.24     87.12    86.87    85.68     83.32      80.67    81.21    81.13    78.11    76.10           83.73
Calophyllum                            111.68       109.45   108.79    109.04   109.45   108.32    106.17      95.75   103.24   100.23   100.34   100.94          105.58
Dillenia                                93.06        89.88    89.78     86.94    88.42    85.86     83.34      80.67    83.10    80.20    81.09    72.38           84.49
Erima                                   92.06        89.47    87.56     87.24    87.95    99.25     83.63      81.25    85.07    79.59    77.56    73.42           86.93
Grey Canarium                           90.98        89.07    86.86     85.75    86.28    84.99     83.74      80.48   104.55    80.77    75.61    72.61           84.17
Hekakoro                                90.00        88.12    85.00     86.79             85.00     82.90      85.00    80.00    84.28    84.13    83.89           84.30
Kwila                                  260.32       263.85   263.97    257.65   250.46   259.45    249.83     247.60   248.38   223.32   225.23   220.11          248.95
Lophopetallum/Perupok                   92.18        89.29    86.28     86.57    84.86    84.61     82.29      80.21    84.03    81.16    76.18    72.46           83.54
Malas                                   89.82        89.63    88.36     86.67    88.24    87.40     84.62      80.10    81.06    81.59    83.17    76.10           85.28
Pencil Cedar                           127.31       106.13   108.08    107.29   108.16   104.77    105.10     103.29   104.72    97.61    98.87    94.88          105.88
PNG Mersawa                            107.30       108.52   107.26     92.05   107.99   102.51    111.25      99.27    99.80   104.81    95.53   102.91          103.65
PNG Walnut                              89.44        89.04    87.41     86.51    85.37    85.83     81.79      80.41    80.93    79.40    74.30    73.83           83.38
Red Canarium                            89.81        88.85    87.53     87.06    86.36    86.43     81.60      80.24    81.48    79.73    76.39    75.38           83.91
Red Planchonella                        91.86        89.42    86.22     86.03    84.87    84.84     80.81      81.97   116.27    80.06    74.19    74.99           85.57
Taun                                   111.55       109.89   109.53    109.59   108.85   109.57    106.81     104.75   111.96   102.81   103.19   101.53          107.91
Teak (a) little small (plntn)                       250.00             250.00            250.00                        250.00            250.00                   250.00
Teak (b) tiny small (plntn)                         250.00             250.00            250.00                        250.00            250.00                   250.00
Terminalia                              91.31        89.34    86.81     86.64    86.35    84.69     82.22      79.79    82.78    79.30    75.62    72.92           83.64
White Planchonella                      90.66        89.49    88.64     87.66    87.64    91.99     85.48      80.85    80.07    81.62    76.00    72.89           86.06

All Group 1 Species                    113.92       145.91   135.18    115.52   105.11   133.27    119.30      98.16   125.09   111.45   132.93   101.41          123.12
All Group 2 Species                     80.18        82.61    78.68     80.59    77.78    81.91     74.54      80.19    78.11    75.02    65.56    77.66           78.29
All Group 3 Species                     77.17        74.62    73.28     72.69    73.17    72.60     69.69      68.46    69.47    65.84    61.50    61.23           70.91
All Group 4 Species                     71.48        69.46    68.00     67.47    67.74    66.17     64.42      64.47    65.65    60.66    55.40    56.91           65.55
Mixed Group Species                     55.88        57.03    56.21     58.23    53.91    52.53     53.81      51.29    47.85    50.78    47.45    47.65           53.52

Overall Mean Price                     91.93 112.18 105.01             95.70    85.80 107.85       94.47      81.39 103.85      90.15 106.70      82.68           98.22




Notes: All prices are USD per cubic metre; dates of prices from PNGFA Permit Notices


Report Number 7:                Page 4 of 4 pages      Date Printed:            30/01/2022 11:07:46 am                                                     7- 4

Page 38 screenshot
             Monthly Endorsed Volumes (m3) by Log Grades and
                             Species/Groups

Log Grade :                   Saw/Veneer
                                                                                        Month
Species / Group                12/21        11/21    10/21       9/21      8/21      7/21      6/21      5/21      4/21      3/21     2/21      1/21            Total


Burckella                       1,844     4,376       1,944      2,644     1,669     2,662     1,587     1,485     2,201     3,435     3,845     3,140       30,831
Calophyllum                    20,659    12,327       7,160     13,103     9,565    15,071    13,608     7,721    11,850    13,340    16,729    14,129      155,262
Dillenia                        3,373     9,732       7,890      6,185     6,476     8,280     2,720     6,679    10,246     2,363     5,420     8,562       77,926
Erima                           6,740     9,403       5,654      8,408     9,484     8,315     8,708     2,451     8,992     7,716     2,424     2,808       81,104
Grey Canarium                   4,866     2,277         913      4,490     1,456     4,202     1,236     2,745     1,084     3,035     2,573     3,421       32,299
Hekakoro                           19        13          10         41                  10        10        40        42       275       266       135          861
Kwila                           7,794    65,102      22,986     14,837     4,575    34,128    18,150     3,407    23,403    16,583    48,803    11,114      270,882
Lophopetallum/Perupok             830       989         226        842       535       761       431       455       765       694       997       625        8,149
Malas                          10,313    21,008      12,752      8,850    13,180    14,922     4,712     8,235    10,377     8,106    10,226    12,996      135,678
Pencil Cedar                    8,843     7,360       4,629      7,411     7,367     6,763    10,277     2,477     4,888     4,944     9,178     8,745       82,881
PNG Mersawa                     2,035     8,195       1,550      2,906     3,753     3,812     2,097       506     3,152     4,310     4,466     1,858       38,640
PNG Walnut                      2,627     4,990       2,541      3,901     2,933     2,568     5,378     1,890     1,934     3,149     2,759     2,347       37,017
Red Canarium                    5,261     7,742       3,169      4,621     4,219     4,819     5,079     2,446     3,990     4,033     4,692     4,148       54,219
Red Planchonella                  597     1,017         404      1,177       794       632       352       269       407       822       490       678        7,639
Taun                           43,435    67,395      23,663     49,844    33,493    40,715    45,748    15,007    31,187    36,627    36,194    28,536      451,845
Terminalia                      9,250    12,278       6,326     14,437     7,359    10,891     8,772     6,693     8,882     7,230    10,301     7,071      109,490
White Planchonella              1,889     2,076         561      1,419       697     1,345     1,017       443       817       580     1,110       536       12,491
Group 1 Species Total       130,375 236,280 102,379 145,119 107,555 159,894 129,881                    62,950 124,219 117,244 160,472 110,849              1,587,217
Group 2 Species Total        20,527     18,886      10,487     12,347    13,773    15,988    13,488    14,065    12,914    16,610    14,341    17,740        181,165
Group 3 Species Total        27,229     38,922      14,028     28,430    25,389    26,859    19,842    14,167    19,054    18,902    16,204    17,157        266,184
Group 4 Species Total        35,825     47,587      19,542     37,966    19,560    24,248    29,763    18,759    25,794    25,812    20,700    21,776        327,333

Total Volume (m3)           213,957 341,675 146,436 223,862 166,277 226,990 192,974 109,941 181,982 178,567 211,717 167,522                                2,361,899



Log Grade :                   Plantation diam 60+ cm: regular
                                                                                        Month
Species / Group                12/21        11/21    10/21       9/21      8/21      7/21      6/21      5/21      4/21      3/21     2/21      1/21            Total


Group 2 Species                              440       429          5                 265                  65       337       335        15       671           2,562
Group 2 Species Total                        440      429           5                265                   65      337       335         15      671            2,562

Total Volume (m3)                            440      429           5                265                   65      337       335         15      671            2,562



Log Grade :                   Plantation diam 50 - 59 cm: small
                                                                                        Month
Species / Group                12/21        11/21    10/21       9/21      8/21      7/21      6/21      5/21      4/21      3/21     2/21      1/21            Total


Group 2 Species                              608       682        105                 760                 475       521       505       145      1,200          5,001
Group 2 Species Total                        608      682        105                 760                 475       521       505       145      1,200           5,001

Total Volume (m3)                            608      682        105                 760                 475       521       505       145      1,200           5,001




Report Number 8:        Page 1 of 3 pages      Date Printed:               30/01/2022 11:08:17 am                                                        8- 1

Page 39 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups                   continued




Log Grade :                           Plantation diam 40 - 49 cm: super small
                                                                                                Month
Species / Group                        12/21        11/21    10/21       9/21      8/21      7/21       6/21     5/21    4/21       3/21    2/21     1/21              Total


Group 2 Species                                     1,166     2,457      1,245               2,040               1,665    1,554      445      130     2,193          12,895
Group 2 Species Total                           1,166        2,457      1,245              2,040                1,665    1,554      445      130     2,193            12,895

Total Volume (m3)                               1,166        2,457      1,245              2,040                1,665    1,554      445      130     2,193            12,895



Log Grade :                           Plantation diam 30 - 39 cm: baby small
                                                                                                Month
Species / Group                        12/21        11/21    10/21       9/21      8/21      7/21       6/21     5/21    4/21       3/21    2/21     1/21              Total


Group 2 Species                                     3,485     6,327      2,500               2,720               3,445    2,650      160       80     2,275          23,642
Group 2 Species Total                           3,485        6,327      2,500              2,720                3,445    2,650      160       80     2,275            23,642

Total Volume (m3)                               3,485        6,327      2,500              2,720                3,445    2,650      160       80     2,275            23,642



Log Grade :                           Plantation diam 20 - 29 cm: tiny small
                                                                                                Month
Species / Group                        12/21        11/21    10/21       9/21      8/21      7/21       6/21     5/21    4/21       3/21    2/21     1/21              Total


Teak (b) tiny small (plntn)                           120                  100                100                           200               150                        670
Group 2 Species                                     1,611     1,165      1,200                900                1,150    1,050                10      725             7,811
Group 1 Species Total                                120                 100                 100                          200                150                         670
Group 2 Species Total                           1,611        1,165      1,200                900                1,150    1,050                10      725              7,811

Total Volume (m3)                               1,731        1,165      1,300              1,000                1,150    1,250               160      725              8,481



Log Grade :                           Plantation diam 00 - 19 cm: little small
                                                                                                Month
Species / Group                        12/21        11/21    10/21       9/21      8/21      7/21       6/21     5/21    4/21       3/21    2/21     1/21              Total


Teak (a) little small (plntn)                        230                  200                 200                          100                350                      1,080
Group 1 Species Total                                230                 200                 200                          100                350                       1,080

Total Volume (m3)                                    230                 200                 200                          100                350                       1,080



Log Grade :                           Low Grade
                                                                                                Month
Species / Group                        12/21        11/21    10/21       9/21      8/21      7/21       6/21     5/21    4/21       3/21    2/21     1/21              Total


Kwila                                                409                                                                                                                409
Group 1 Species Total                                409                                                                                                                 409
Mixed Grp Spp. Total                 41,385    67,590       27,733     23,790    40,523   27,625      38,638   17,627    9,200    25,490   30,775   29,173           379,547

Total Volume (m3)                    41,385    67,999       27,733     23,790    40,523   27,625      38,638   17,627    9,200    25,490   30,775   29,173           379,956




Report Number 8:                Page 2 of 3 pages      Date Printed:               30/01/2022 11:08:18 am                                                     8- 2

Page 40 screenshot
Report - Monthly Endorsed Volumes (m3) by Log Grades and Species/Groups                    continued


Log Grade :                           All Logs
                                                                                                 Month
Species / Group                                                                                                                                                           Total
                                       12/21        11/21    10/21       9/21      8/21       7/21       6/21      5/21      4/21      3/21     2/21      1/21

Burckella                               1,844       4,376     1,944      2,644     1,669      2,662      1,587     1,485     2,201     3,435     3,845     3,140      30,831
Calophyllum                            20,659    12,327       7,160     13,103     9,565    15,071      13,608     7,721    11,850    13,340    16,729    14,129     155,262
Dillenia                                3,373       9,732     7,890      6,185     6,476      8,280      2,720     6,679    10,246     2,363     5,420     8,562      77,926
Erima                                   6,740       9,403     5,654      8,408     9,484      8,315      8,708     2,451     8,992     7,716     2,424     2,808      81,104
Grey Canarium                           4,866       2,277      913       4,490     1,456      4,202      1,236     2,745     1,084     3,035     2,573     3,421      32,299
Hekakoro                                   19         13        10         41                   10         10        40        42       275       266       135             861
Kwila                                   7,794    65,511      22,986     14,837     4,575    34,128      18,150     3,407    23,403    16,583    48,803    11,114     271,291
Lophopetallum/Perupok                     830        989       226        842       535        761        431       455       765       694       997       625           8,149
Malas                                  10,313    21,008      12,752      8,850    13,180    14,922       4,712     8,235    10,377     8,106    10,226    12,996     135,678
Pencil Cedar                            8,843       7,360     4,629      7,411     7,367      6,763     10,277     2,477     4,888     4,944     9,178     8,745      82,881
PNG Mersawa                             2,035       8,195     1,550      2,906     3,753      3,812      2,097      506      3,152     4,310     4,466     1,858      38,640
PNG Walnut                              2,627       4,990     2,541      3,901     2,933      2,568      5,378     1,890     1,934     3,149     2,759     2,347      37,017
Red Canarium                            5,261       7,742     3,169      4,621     4,219      4,819      5,079     2,446     3,990     4,033     4,692     4,148      54,219
Red Planchonella                          597       1,017      404       1,177      794        632        352       269       407       822       490       678           7,639
Taun                                   43,435    67,395      23,663     49,844    33,493    40,715      45,748    15,007    31,187    36,627    36,194    28,536     451,845
Teak (a) little small (plntn)                        230                  200                  200                            100                 350                     1,080
Teak (b) tiny small (plntn)                          120                  100                  100                            200                 150                       670
Terminalia                              9,250    12,278       6,326     14,437     7,359    10,891       8,772     6,693     8,882     7,230    10,301     7,071     109,490
White Planchonella                      1,889       2,076      561       1,419      697       1,345      1,017      443       817       580      1,110      536       12,491

Group 1 Species Total               130,375 237,039 102,379 145,419 107,555 160,194 129,881                      62,950 124,519 117,244 160,972 110,849            1,589,376
Group 2 Species Total                20,527     26,196      21,547     17,402    13,773    22,673      13,488    20,865    19,026    18,055    14,721    24,804      233,076
Group 3 Species Total                27,229     38,922      14,028     28,430    25,389    26,859      19,842    14,167    19,054    18,902    16,204    17,157      266,184
Group 4 Species Total                35,825     47,587      19,542     37,966    19,560    24,248      29,763    18,759    25,794    25,812    20,700    21,776      327,333
Mixed Grp Spp Total                  41,385     67,590      27,733     23,790    40,523    27,625      38,638    17,627     9,200    25,490    30,775    29,173      379,547

Total Volume (m3)                   255,341 417,334 185,229 253,007 206,800 261,600 231,612 134,368 197,594 205,502 243,371 203,758                                 2,795,516




Report Number 8:                Page 3 of 3 pages      Date Printed:               30/01/2022 11:08:35 am                                                          8- 3

Page 41 screenshot
Monthly Actual Shipped Volumes (m3) by Log Grade and
                     Destination

Log Grade: Saw/Veneer
                                                                            Month                                                            12-month       % of
Destination         12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21      4/21      3/21      2/21      1/21        total       total
China               204,875   179,005   195,614    155,289    209,098   136,908   128,115   155,390   180,866   150,207   170,003   140,007 2,005,377      85.3%
India                17,022    21,003                          10,483               8,227                         4,940               2,371    64,047       2.7%
Japan                           3,862                2,497                                    3,162     2,648                         3,147    15,316       0.7%
Malaysia              3,274     7,311      5,744     7,288     10,091                                                       7,163    22,674    63,544       2.7%
South Korea           7,112    10,824      2,693    12,867      2,564     5,274     5,309              10,669               4,272     6,728    68,311       2.9%
Taiwan                9,224     5,237      5,214     3,291     13,797     1,432                         3,806    13,328     1,059     6,539    62,928       2.7%
Vietnam                         5,777      2,417       120      9,002     5,527    21,216                        14,539              13,495    72,093       3.1%

Total (m3)         241,506 233,019 211,682 181,352 255,034 149,142 162,867 158,552 197,989 183,015 182,498 194,962                           2,351,617      100%



Log Grade: Plantation diam 60+ cm: regular
                                                                            Month                                                            12-month       % of
Destination         12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21      4/21      3/21      2/21      1/21        total       total
China                                                                                                     16                           203         219      7.5%
South Korea                                                                                               87                           305         393     13.4%
Taiwan                           454                                                                                                               454     15.5%
Vietnam                438        91        340                  248                           251                 499                           1,867     63.6%

Total (m3)            438       546        340                  248                           251       103       499                 509       2,933       100%



Log Grade: Plantation diam 50 - 59 cm: small
                                                                            Month                                                            12-month       % of
Destination         12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21      4/21      3/21      2/21      1/21        total       total
China                                                                                                    146                            21         167      3.4%
South Korea                                                                                               21                            62          84      1.7%
Taiwan                           424                                                                                                               424      8.5%
Vietnam                604       314        614                 1,086                          501                1,191                          4,310     86.5%

Total (m3)            604       738        614                1,086                           501       167     1,191                  84       4,985       100%



Log Grade: Plantation diam 40 - 49 cm: super small
                                                                            Month                                                            12-month       % of
Destination         12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21      4/21      3/21      2/21      1/21        total       total
China                                                                                                    136                             7        143       1.1%
South Korea                                                                                                4                            18         22       0.2%
Taiwan                          1,099                                                                                                           1,099       8.6%
Vietnam               1,171     1,485      1,697                3,428                         1,550               2,168                        11,499      90.1%

Total (m3)           1,171    2,583     1,697                 3,428                         1,550       140     2,168                  25      12,764       100%




Report Number 9:       Page 1 of 3 pages      Date Printed:               30/01/2022 11:17:29 am                                                         9- 1

Page 42 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grades and Destination           continued


Log Grade: Plantation diam 30 - 39 cm: baby small
                                                                           Month                                                               12-month      % of
Destination        12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21        4/21      3/21      2/21      1/21         total      total
China                                                                                                      95                                        95      0.4%
India                                        3                                                                                                        3      0.0%
Taiwan                         2,458                                                                                                              2,458     11.2%
Vietnam              2,671     3,064      2,660                6,005                         2,652                 2,269                         19,321     88.3%

Total (m3)          2,671     5,523     2,663                 6,005                         2,652          95     2,269                          21,877      100%



Log Grade: Plantation diam 20 - 29 cm: tiny small
                                                                           Month                                                               12-month      % of
Destination        12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21        4/21      3/21      2/21      1/21         total      total
China                                                                                                      11                                        11      0.1%
India                  222                 447                                                            425                                     1,094     10.4%
Taiwan                         1,588                                                                                                              1,588     15.1%
Vietnam              1,612     1,166      1,199                2,053                         1,052                  724                           7,805     74.3%

Total (m3)          1,834     2,754     1,646                 2,053                         1,052        436       724                           10,498      100%



Log Grade: Plantation diam 00 - 19 cm: little small
                                                                           Month                                                               12-month      % of
Destination        12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21        4/21      3/21      2/21      1/21         total      total
India                  125                 173                                                             75                                      373     100.0%

Total (m3)            125                 173                                                              75                                      373       100%



Log Grade: Low grade
                                                                           Month                                                               12-month      % of
Destination        12/21     11/21     10/21      9/21       8/21      7/21      6/21      5/21        4/21      3/21      2/21      1/21         total      total
China               50,064    30,415    27,852     23,047     29,081    26,457    23,681    11,047      26,558    24,101    40,419    17,081    329,802     88.6%
India                                                                                                                                  2,235      2,235      0.6%
Japan                                                                                            671                                                671      0.2%
Malaysia                                  4,294                4,194                                                                   5,087     13,575      3.6%
South Korea                               1,354                1,020                                                          535      2,996      5,905      1.6%
Taiwan                                              1,910                2,793                                     2,178      276      1,065      8,222      2.2%
Vietnam              1,614     1,770       823                                     4,221                                               3,198     11,626      3.1%

Total (m3)         51,678    32,184    34,324     24,957     34,295    29,250    27,902    11,718      26,558    26,278    41,230    31,661     372,036      100%




Report Number 9:      Page 2 of 3 pages      Date Printed:               30/01/2022 11:19:44 am                                                           9- 2

Page 43 screenshot
Report - Monthly Actual Shipped Volumes (m3) by Log Grade and Destination              continued


Log Grade: All Logs
                                                                             Month                                                           12-month % of
Destination        12/21     11/21     10/21       9/21     8/21         7/21      6/21      5/21      4/21      3/21      2/21      1/21       total total
China           254,938     209,420   223,466    178,336   238,179      163,365   151,796   166,437   207,827   174,308   210,422   157,320 2,335,814    84.1%
India              17,369    21,003      622                10,483                  8,227                500      4,940              4,606     67,752     2.4%
Japan                         3,862                2,497                                      3,832     2,648                        3,147     15,987     0.6%
Malaysia            3,274     7,311    10,038      7,288    14,285                                                          7,163   27,761     77,119     2.8%
South Korea         7,112    10,824     4,047     12,867        3,584     5,274     5,309              10,782               4,808   10,109     74,715     2.7%
Taiwan              9,224    11,260     5,214      5,201    13,797        4,226                         3,806    15,506     1,335    7,604     77,173     2.8%
Vietnam             8,109    13,667     9,751        120    21,821        5,527    25,437     6,006              21,390             16,693    128,521     4.6%

Grand Total 300,027 277,347 253,138 206,309 302,149 178,392 190,769 176,275 225,563 216,144 223,728 227,240                                  2,777,081   100%




Report Number 9:        Page 3 of 3 pages       Date Printed:               30/01/2022 11:21:17 am                                                       9- 3

Page 44 screenshot
      Monthly Average Actual Export Prices (USD) by Log
                   Grade and Destination

Log Grade : Saw/Veneer
                                                                                  Month
Destination                   12/21       11/21    10/21     9/21      8/21     7/21    6/21      5/21     4/21     3/21     2/21     1/21     Average
China                         100.78       98.03   101.13    106.06    107.37   98.11   114.88     89.61   109.72    96.50    94.74   108.89       102.06
India                         265.00      265.00                       260.00           250.00                      220.00             89.62       252.29
Japan                                      98.31              98.75                                81.61    93.75                      82.80        90.96
Malaysia                       93.61       81.35   106.74     78.06     74.30                                                 66.80    68.02        76.38
South Korea                    88.82       88.39    90.55     93.02     91.37   90.14    86.50              79.49             69.57    70.65        85.18
Taiwan                         84.50       98.58    96.99    107.94     97.33   75.67                       79.46   122.35   110.54    82.42        98.48
Vietnam                                    79.93    78.36    260.00    100.96   81.41    90.63                       71.20             70.40        82.52

Ave. Price (USD)            111.28 111.68 100.79 104.04 111.40                  97.00 117.62      89.45 107.30      99.70    93.15    98.61       104.20


Log Grade : Plantation diam 60+ cm: regular
                                                                                  Month
Destination                   12/21       11/21    10/21     9/21      8/21     7/21    6/21      5/21     4/21     3/21     2/21     1/21     Average
China                                                                                                      107.00                      95.00        95.88
South Korea                                                                                                 95.00                     102.68       100.98
Taiwan                                     95.00                                                                                                    95.00
Vietnam                       142.00      143.00   143.00              139.99                     136.50            148.50                         142.96

Ave. Price (USD)            142.00 103.03 143.00                      139.99                     136.50    96.86 148.50               99.62       126.39


Log Grade : Plantation diam 50 - 59 cm: small
                                                                                  Month
Destination                   12/21       11/21    10/21     9/21      8/21     7/21    6/21      5/21     4/21     3/21     2/21     1/21     Average
China                                                                                                      102.00                      85.00        99.84
South Korea                                                                                                 85.00                      92.21        90.36
Taiwan                                     85.00                                                                                                    85.00
Vietnam                       128.00      124.00   128.00              123.67                     117.50            131.50                         126.36

Ave. Price (USD)            128.00 101.62 128.00                      123.67                     117.50    99.82 131.50               90.38       121.35


Log Grade : Plantation diam 40 - 49 cm: super small
                                                                                  Month
Destination                   12/21       11/21    10/21     9/21      8/21     7/21    6/21      5/21     4/21     3/21     2/21     1/21     Average
China                                                                                                      100.00                      75.00        98.75
South Korea                                                                                                 75.00                      83.42        81.78
Taiwan                                     75.00                                                                                                    75.00
Vietnam                       114.00      111.00   113.50              110.15                     104.50            117.00                         111.68

Ave. Price (USD)            114.00        95.69 113.50                110.15                     104.50    99.23 117.00               81.00       108.32



Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading
Report Number 10:     Page 1 of 3 pages      Date Printed:             30/01/2022 11:25:39 am                                             10- 1

Page 45 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grade and Destination           continued




Log Grade : Plantation diam 30 - 39 cm: baby small
                                                                                      Month
Destination                    12/21       11/21    10/21     9/21     8/21        7/21        6/21    5/21     4/21     3/21    2/21    1/21    Average
China                                                                                                            92.00                                 92.00
India                                               250.00                                                                                            250.00
Taiwan                                     60.00                                                                                                       60.00
Vietnam                         92.00      91.00     93.00             90.31                           84.00             97.00                         90.94

Ave. Price (USD)               92.00       77.20    93.17             90.31                            84.00    92.00    97.00                        87.49


Log Grade : Plantation diam 20 - 29 cm: tiny small
                                                                                      Month
Destination                    12/21       11/21    10/21     9/21     8/21        7/21        6/21    5/21     4/21     3/21    2/21    1/21    Average
China                                                                                                            82.00                                 82.00
India                          250.00               250.00                                                      250.00                                250.00
Taiwan                                     60.00                                                                                                       60.00
Vietnam                         54.50      53.00     54.50             51.87                           46.50             59.00                         52.92

Ave. Price (USD)               78.21       57.04 107.55               51.87                            46.50 245.86      59.00                        74.56


Log Grade : Plantation diam 00 - 19 cm: little small
                                                                                      Month
Destination                    12/21       11/21    10/21     9/21     8/21        7/21        6/21    5/21     4/21     3/21    2/21    1/21    Average
India                          250.00               250.00                                                      250.00                                250.00

Ave. Price (USD)             250.00                250.00                                                      250.00                                250.00


Log Grade : Low grade
                                                                                      Month
Destination                    12/21       11/21    10/21     9/21     8/21        7/21        6/21    5/21     4/21     3/21    2/21    1/21    Average
China                           57.29      54.87     59.34    52.31    53.04       51.30       54.22   47.73     47.70   47.56   47.63   45.15         52.20
India                                                                                                                                    45.00         45.00
Japan                                                                                                  40.00                                           40.00
Malaysia                                             60.00             55.09                                                             45.00         52.86
South Korea                                          55.00             50.00                                                     45.00   50.00         50.69
Taiwan                                                        55.00                60.00                                 45.15   41.00   50.00         52.97
Vietnam                         60.00      60.00     55.00                                     52.63                                     45.00         52.85

Ave. Price (USD)               57.37       55.15    59.15     52.52   53.20        52.13      53.98    47.29    47.70    47.36   47.55   45.72        52.17




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading
Report Number 10:      Page 2 of 3 pages      Date Printed:           30/01/2022 11:26:03 am                                                 10- 2

Page 46 screenshot
Report - Monthly Average Actual Export Prices (USD) by Log Grade and Destination           continued

Log Grade : All Logs
                                                                                     Month
Destination                    12/21       11/21    10/21     9/21     8/21        7/21        6/21    5/21    4/21     3/21     2/21    1/21     Average

China                          92.24        91.76    95.92     99.11   100.73      90.53      105.42   86.83   101.78    89.73   85.69   101.94        95.02

India                         264.70       265.00   250.00             260.00                 250.00           250.00   220.00            67.97       245.40

Japan                                       98.31              98.75                                   74.33    93.75                     82.80        88.82

Malaysia                       93.61        81.35    86.74     78.06    68.66                                                    66.80    63.80        72.24

South Korea                    88.82        88.39    78.65     93.02    79.59      90.14       86.50            79.63            66.83    65.66        82.54

Taiwan                         84.50        81.76    96.99     88.50    97.33      65.31                        79.46   111.51   96.18    77.88        91.19

Vietnam                        86.73        82.35    88.94    260.00    96.43      81.41       84.32   87.71             83.33            65.54        84.26


Ave. Price (USD)             101.77 103.70          95.42     97.81 104.03         89.64 108.31        86.59 100.57     93.64    84.74   91.24        97.08




Notes: All prices are USD FOB per cubic metre; dates of prices from Bills of Lading

Report Number 10:      Page 3 of 3 pages      Date Printed:            30/01/2022 11:26:41 am                                                 10- 3

Page 47 screenshot
    Monthly Actual Shipped Volumes (m3) by Export Company and Project
Report printed 29/01/2022 10:35:06 am



                                                                                                                                  Month
Co. Grouping Exporter                              Site Code                                                                                                                                  12-month
                                                                                   12/21    11/21    10/21     9/21     8/21    7/21  6/21      5/21     4/21     3/21    2/21        1/21        total

Active Forest Limited
                  Active Forest Limited           Cloudy Bay (FMA 60301)                    20,011                             9,232                   17,081    8,009                             54,332
                  Total for Exporter: Active Forest Limited                                 20,011                             9,232                   17,081    8,009                            54,332
                  Per Cent of Grand Total                                                     7.2%                              5.2%                     7.6%     3.7%                              1.9%
Total for Active Forest Limited                                                             20,011                             9,232                   17,081    8,009                            54,332
Per Cent of Grand Total                                                                       7.2%                              5.2%                     7.6%     3.7%                              1.9%
Alliance Lumber (PNG) Ltd
                  Alliance Lumber (PNG) Ltd       Musu-SaberjinSossi (TP11009)                                7,483                                                                                    7,483
                  Total for Exporter: Alliance Lumber (PNG) Ltd                                               7,483                                                                                7,483
                  Per Cent of Grand Total                                                                      3.5%                                                                                 0.3%
Total for Alliance Lumber (PNG) Ltd                                                                           7,483                                                                                7,483
Per Cent of Grand Total                                                                                        3.5%                                                                                 0.3%
Amanab 56 Timber Investments Ltd
                  Amanab 56 Timber Investments Amanab Blocks 5 & 6 FMA 110-4 (61                     9,618   10,997    5,135            9,988          16,129                        10,029        61,895
                  Total for Exporter: Amanab 56 Timber Investments Ltd                               9,618   10,997    5,135            9,988          16,129                       10,029        61,895
                  Per Cent of Grand Total                                                             3.8%     5.2%     1.7%             5.2%            7.2%                          4.4%         2.2%
Total for Amanab 56 Timber Investments Ltd                                                           9,618   10,997    5,135            9,988          16,129                       10,029        61,895
Per Cent of Grand Total                                                                               3.8%     5.2%     1.7%             5.2%            7.2%                          4.4%         2.2%
Amanab Forest Products Ltd
                  Amanab Forest Products Ltd    Amanab Blocks 1-4 FMA (61001)      17,022   21,003              773   18,620           16,357                   10,831   10,269                    94,875
                  Total for Exporter: Amanab Forest Products Ltd                   17,022   21,003             773    18,620           16,357                   10,831 10,269                     94,875
                  Per Cent of Grand Total                                            5.7%     7.6%             0.4%     6.2%             8.6%                     5.0%     4.6%                     3.4%
Total for Amanab Forest Products Ltd                                               17,022   21,003             773    18,620           16,357                   10,831 10,269                     94,875
Per Cent of Grand Total                                                              5.7%     7.6%             0.4%     6.2%             8.6%                     5.0%     4.6%                     3.4%




         11- 1                                                                                                                                             Report Number 11:      Page 1 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project      continued




                                                                                                                                            Month                                                          12-month
Co. Grouping Exporter                            SiteCode
                                                                                            12/21    11/21    10/21    9/21     8/21     7/21  6/21        5/21     4/21     3/21     2/21       1/21          total

Aset Meriah (PNG) Ltd
              Aset Meriah (PNG) Ltd           Alimbit Andru (TP 11408)                                                  6,584                      4,850                     22,834                             34,267
              Total for Exporter: Aset Meriah (PNG) Ltd                                                                 6,584                      4,850                     22,834                            34,267
              Per Cent of Grand Total                                                                                    3.1%                       2.5%                      10.4%                              1.2%
              Milton Limited                     Mosaleim TRP (TP 11457)                     6,905    8,522             5,215                      8,417    3,863                      5,587                    38,509
                                                 Pakalua Agri. Forestry Intr (FCA 7140                                           3,166                                                10,569                    13,735
              Total for Exporter: Milton Limited                                             6,905    8,522             5,215    3,166             8,417   3,863                      16,155                   52,243
              Per Cent of Grand Total                                                         2.3%     3.1%              2.4%     1.0%              4.4%    2.2%                        7.2%                     1.9%
Total for Aset Meriah (PNG) Ltd                                                              6,905    8,522            11,799    3,166            13,267   3,863             22,834 16,155                     86,511
Per Cent of Grand Total                                                                       2.3%     3.1%              5.5%     1.0%              7.0%    2.2%              10.4%     7.2%                     3.1%
BDSL Shipping Ltd
              BDSL Shipping Ltd             Sapo Agroforest Dev Block 8A (TA 10                                                                             1,849                                                   1,849
              Total for Exporter: BDSL Shipping Ltd                                                                                                        1,849                                                1,849
              Per Cent of Grand Total                                                                                                                       1.0%                                                 0.1%
Total for BDSL Shipping Ltd                                                                                                                                1,849                                                1,849
Per Cent of Grand Total                                                                                                                                     1.0%                                                 0.1%
Bismarck Industries Ltd
              Bismarck Industries Ltd        Kapuluk Timber Project (11450)                  4,041             5,414   10,447    2,201                                                                          22,103
              Total for Exporter: Bismarck Industries Ltd                                    4,041             5,414   10,447    2,201                                                                         22,103
              Per Cent of Grand Total                                                         1.3%              2.1%     4.9%     0.7%                                                                           0.8%
Total for Bismarck Industries Ltd                                                            4,041             5,414   10,447    2,201                                                                         22,103
Per Cent of Grand Total                                                                       1.3%              2.1%     4.9%     0.7%                                                                           0.8%
Brilliant Investment Ltd
              DD Investment Ltd              Bewani LFA (21001)                                                                                    2,117                                           2,497            4,614
              Total for Exporter: DD Investment Ltd                                                                                                2,117                                          2,497         4,614
              Per Cent of Grand Total                                                                                                               1.1%                                            1.1%         0.2%
Total for Brilliant Investment Ltd                                                                                                                 2,117                                          2,497         4,614
Per Cent of Grand Total                                                                                                                             1.1%                                            1.1%         0.2%
Cakara Alam (PNG) Ltd
              Cakara Alam (PNG) Ltd              East Arawe TP (11455)                      13,973             4,852            17,993                              10,970    8,691    4,700                   61,178
                                                 Rottock Bay Consolidated (FMA 6140         37,120            19,214            25,174   10,067             5,745    1,204   21,016    2,501                  122,042
              Total for Exporter: Cakara Alam (PNG) Ltd                                     51,094            24,066            43,166 10,067              5,745    12,174   29,707    7,201                  183,220
              Per Cent of Grand Total                                                        17.0%              9.5%             14.3%    5.6%              3.3%      5.4%    13.6%     3.2%                     6.6%




      11- 2                                                                                                                                                             Report Number 11:      Page 2 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project     continued




                                                                                                                                           Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                           12/21    11/21    10/21    9/21     8/21     7/21  6/21       5/21     4/21     3/21     2/21       1/21          total

              Tzen Niugini Ltd                   Cape Offord (TP 11548)                     2,741                      3,196                     2,346             5,049                         5,897        19,230
                                                 Illi Wawas/Masarau (FCA 71502)            11,190                      9,877                    11,185             4,989                         3,145        40,387
              Total for Exporter: Tzen Niugini Ltd                                         13,932                     13,073                    13,532            10,039                        9,042        59,617
              Per Cent of Grand Total                                                        4.6%                       6.1%                      7.1%              4.5%                          4.0%         2.1%
Total for Cakara Alam (PNG) Ltd                                                            65,025            24,066   13,073   43,166 10,067    13,532    5,745   22,213   29,707   7,201       9,042      242,838
Per Cent of Grand Total                                                                     21.7%              9.5%     6.1%    14.3%    5.6%     7.1%     3.3%     9.8%    13.6%     3.2%        4.0%        8.7%
Canopus No. 16 Ltd
              Canopus No. 16 Ltd             Wipim Tapila FMA (60110)                                                  7,625            7,027                      3,451    6,561                             24,664
              Total for Exporter: Canopus No. 16 Ltd                                                                   7,625            7,027                      3,451    6,561                            24,664
              Per Cent of Grand Total                                                                                   3.6%             3.9%                       1.5%     3.0%                              0.9%
Total for Canopus No. 16 Ltd                                                                                           7,625            7,027                      3,451    6,561                            24,664
Per Cent of Grand Total                                                                                                 3.6%             3.9%                       1.5%     3.0%                              0.9%
Continental Alliance Ltd
              Continental Alliance Ltd           Meander May Valley int.Agri. (FCA 7                          2,143             1,291            1,509             2,016             1,905       3,428        12,291
                                                 Wagana Wagasu Large scale (FCA 10-         1,029    3,019    3,172             4,284                                                                         11,504
              Total for Exporter: Continental Alliance Ltd                                  1,029    3,019    5,315             5,575            1,509             2,016            1,905       3,428        23,795
              Per Cent of Grand Total                                                        0.3%     1.1%     2.1%              1.8%             0.8%              0.9%              0.9%        1.5%         0.9%
Total for Continental Alliance Ltd                                                          1,029    3,019    5,315             5,575            1,509             2,016            1,905       3,428        23,795
Per Cent of Grand Total                                                                      0.3%     1.1%     2.1%              1.8%             0.8%              0.9%              0.9%        1.5%         0.9%
CS Boss International Ltd
              Stettin Bay Lumber Co. Ltd         Ania Kapiura Consolidated (11452)         14,180   13,944    4,010   14,982            8,676            16,712   18,680                        14,373      105,557
                                                 Ania Kapuira Forest Pltn (TP 11403)                                                                                 403                                        403
              Total for Exporter: Stettin Bay Lumber Co. Ltd                               14,180   13,944    4,010   14,982            8,676            16,712   19,084                       14,373       105,961
              Per Cent of Grand Total                                                        4.7%     5.0%     1.6%     7.0%             4.9%              9.5%     8.5%                          6.3%         3.8%
Total for CS Boss International Ltd                                                        14,180   13,944    4,010   14,982            8,676            16,712   19,084                       14,373      105,961
Per Cent of Grand Total                                                                      4.7%     5.0%     1.6%     7.0%             4.9%              9.5%     8.5%                          6.3%        3.8%
East Papua Timber Resources Ltd
              East Papua Timber Resources L Brown River/Kuriva (10337)                        348               622                                                  500                                          1,470
              Total for Exporter: East Papua Timber Resources Ltd                            348               622                                                  500                                       1,470
              Per Cent of Grand Total                                                        0.1%              0.2%                                                 0.2%                                       0.1%
Total for East Papua Timber Resources Ltd                                                    348               622                                                  500                                       1,470
Per Cent of Grand Total                                                                      0.1%              0.2%                                                 0.2%                                       0.1%




      11- 3                                                                                                                                                           Report Number 11:      Page 3 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project    continued




                                                                                                                                          Month                                                        12-month
Co. Grouping Exporter                            SiteCode
                                                                                          12/21    11/21    10/21    9/21     8/21     7/21  6/21      5/21     4/21     3/21     2/21       1/21          total

Everwin Enterprises Ltd
              Everwin Enterprises Ltd            Kui - Buso Consolidated TRP (TP 113                                                                                                 359       1,000         1,359
                                                 Miama B TRP (TP 11337)                                                                                                              516       1,319         1,835
                                                 Morobe Coast TRP (TP 11335) Mopi          6,691             6,510    5,201            6,108            6,255    6,005    4,015   10,491       2,287        53,564
              Total for Exporter: Everwin Enterprises Ltd                                  6,691             6,510   5,201             6,108           6,255    6,005    4,015 11,367         4,606        56,758
              Per Cent of Grand Total                                                       2.2%              2.6%    2.4%              3.4%            3.5%     2.7%     1.8%     5.1%         2.0%         2.0%
Total for Everwin Enterprises Ltd                                                          6,691             6,510   5,201             6,108           6,255    6,005    4,015 11,367         4,606        56,758
Per Cent of Grand Total                                                                     2.2%              2.6%    2.4%              3.4%            3.5%     2.7%     1.8%     5.1%         2.0%         2.0%
GL Niugini Pty Ltd
              GL Niugini Pty Ltd              East Awin (FMA 60101)                        6,308    7,158                      7,601           6,875             5,068                        10,070        43,079
              Total for Exporter: GL Niugini Pty Ltd                                       6,308    7,158                     7,601            6,875            5,068                        10,070        43,079
              Per Cent of Grand Total                                                       2.1%     2.6%                      2.5%             3.6%             2.2%                           4.4%         1.5%
Total for GL Niugini Pty Ltd                                                               6,308    7,158                     7,601            6,875            5,068                        10,070        43,079
Per Cent of Grand Total                                                                     2.1%     2.6%                      2.5%             3.6%             2.2%                           4.4%         1.5%
Global Elite Ltd
              Global Elite Ltd                   Gweinif Wagasu Agro-Forestry (FCA 7                         3,243                                                                                           3,243
                                                 Wammy Rural Development Pro. (FCA                           2,026             4,545           8,400             5,909    1,568    5,392       8,749        36,589
              Total for Exporter: Global Elite Ltd                                                           5,269            4,545            8,400            5,909    1,568    5,392       8,749        39,832
              Per Cent of Grand Total                                                                         2.1%             1.5%             4.4%             2.6%     0.7%     2.4%         3.8%         1.4%
Total for Global Elite Ltd                                                                                   5,269            4,545            8,400            5,909    1,568    5,392       8,749        39,832
Per Cent of Grand Total                                                                                       2.1%             1.5%             4.4%             2.6%     0.7%     2.4%         3.8%         1.4%
Golden Rise Investment Ltd
              Golden Rise Investment Ltd      Raicoast (11218)                             9,963    7,380                              8,712                                                                26,055
              Total for Exporter: Golden Rise Investment Ltd                               9,963    7,380                              8,712                                                               26,055
              Per Cent of Grand Total                                                       3.3%     2.7%                               4.9%                                                                 0.9%
Total for Golden Rise Investment Ltd                                                       9,963    7,380                              8,712                                                               26,055
Per Cent of Grand Total                                                                     3.3%     2.7%                               4.9%                                                                 0.9%
Green Point Limited
              Green Point Limited             Ania Integrated Agri FCA 15-17               7,685                                                                                                                7,685
              Total for Exporter: Green Point Limited                                      7,685                                                                                                            7,685
              Per Cent of Grand Total                                                       2.6%                                                                                                             0.3%
Total for Green Point Limited                                                              7,685                                                                                                            7,685
Per Cent of Grand Total                                                                     2.6%                                                                                                             0.3%




      11- 4                                                                                                                                                        Report Number 11:       Page 4 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project    continued




                                                                                                                                          Month                                                          12-month
Co. Grouping Exporter                            SiteCode
                                                                                          12/21    11/21    10/21    9/21     8/21     7/21  6/21        5/21     4/21     3/21     2/21       1/21          total

IFL Investment Ltd
              IFL Investment Ltd                 Bonua Magarida TRP (TP 03-28)            15,113            21,120                     20,005                     11,943                                      68,181
                                                 West Gadaisu TRP (10329)                                                                                                            9,016                     9,016
              Total for Exporter: IFL Investment Ltd                                      15,113            21,120                     20,005                     11,943            9,016                    77,197
              Per Cent of Grand Total                                                       5.0%              8.3%                      11.2%                       5.3%              4.0%                     2.8%
Total for IFL Investment Ltd                                                              15,113            21,120                     20,005                     11,943            9,016                    77,197
Per Cent of Grand Total                                                                     5.0%              8.3%                      11.2%                       5.3%              4.0%                     2.8%
Joinland Management (PNG) Ltd
              Joinland Management (PNG) Lt Kamdaru-Siaman-Lamasa (TP 16-35)                4,231                                                                                                               4,231
                                                 Lak TRP Project (TP 11643)                        11,537   18,149    5,783             2,705             6,945                      4,877                    49,997
              Total for Exporter: Joinland Management (PNG) Ltd                            4,231   11,537   18,149    5,783             2,705             6,945                     4,877                    54,228
              Per Cent of Grand Total                                                       1.4%     4.2%     7.2%     2.7%              1.5%              3.9%                       2.2%                     1.9%
Total for Joinland Management (PNG) Ltd                                                    4,231   11,537   18,149    5,783             2,705             6,945                     4,877                    54,228
Per Cent of Grand Total                                                                     1.4%     4.2%     7.2%     2.7%              1.5%              3.9%                       2.2%                     1.9%
Kinmas Investment Ltd
              Kinmas Investment Ltd          Lako Imila (PNGFAL - 682/10)-20302                             16,383                                       10,977             5,500                             32,859
              Total for Exporter: Kinmas Investment Ltd                                                     16,383                                       10,977            5,500                             32,859
              Per Cent of Grand Total                                                                         6.5%                                         6.2%              2.5%                              1.2%
Total for Kinmas Investment Ltd                                                                             16,383                                       10,977            5,500                             32,859
Per Cent of Grand Total                                                                                       6.5%                                         6.2%              2.5%                              1.2%
KK Connections Ltd
              KK Connections Ltd                 Seraji EXN TRP PROJ. (TP 11558)           4,363      609      212    2,223    3,659    2,727    4,478    3,347    1,766    1,599    2,588       3,371        30,943
                                                 Taraiwara(Ext) Agro Reforest.(FCA 71     10,892      361      611    6,893             2,897    6,439    7,039    3,396    7,574    4,264       9,497        59,864
                                                 Utnari Land Agro-Forestry (FCA 15-21              14,256            16,392    3,752    1,068                                                                 35,469
              Total for Exporter: KK Connections Ltd                                      15,254   15,227     823    25,508   7,411     6,693   10,916   10,386    5,162   9,173    6,853 12,868            126,276
              Per Cent of Grand Total                                                       5.1%     5.5%     0.3%    11.9%    2.5%      3.8%     5.7%     5.9%     2.3%     4.2%     3.1%        5.7%         4.5%
              KL Connections Ltd                 Dengnenge 'B' Agro Forestry (FCA 715      7,615   12,546    1,155    9,281    3,313   13,741   11,684    3,832    7,338    8,004    7,528       8,882        94,920
                                                 Makolkol Intergrated Agri. (FCA 7150                                                              144                90             8,928          91         9,253
              Total for Exporter: KL Connections Ltd                                       7,615   12,546    1,155    9,281   3,313 13,741      11,829    3,832    7,428   8,004 16,456         8,973       104,173
              Per Cent of Grand Total                                                       2.5%     4.5%     0.5%     4.3%    1.1%      7.7%     6.2%     2.2%     3.3%     3.7%     7.4%        3.9%         3.7%
              Laloani No.8 Ltd                Dengnenge "A"Intergrated Agri (FCA7                   5,522      304    3,941    5,056    8,399    3,270    4,527    5,828             4,539       6,894        48,279
              Total for Exporter: Laloani No.8 Ltd                                                  5,522     304     3,941   5,056     8,399    3,270    4,527    5,828            4,539       6,894        48,279
              Per Cent of Grand Total                                                                2.0%     0.1%     1.8%    1.7%      4.7%     1.7%     2.6%     2.6%              2.0%        3.0%         1.7%




      11- 5                                                                                                                                                           Report Number 11:      Page 5 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/21    11/21    10/21    9/21     8/21     7/21  6/21       5/21     4/21     3/21     2/21       1/21          total

              Super Green Ltd                Ormand Lako TRP Project (TP 10330)           7,251                               9,002            6,084                      9,006                5,984        37,327
              Total for Exporter: Super Green Ltd                                         7,251                               9,002            6,084                      9,006               5,984        37,327
              Per Cent of Grand Total                                                      2.4%                                3.0%             3.2%                       4.1%                 2.6%         1.3%
Total for KK Connections Ltd                                                             30,121   33,295    2,282   38,730   24,782 28,833    32,099 18,746     18,418   26,183 27,847       34,720      316,055
Per Cent of Grand Total                                                                   10.0%    12.0%     0.9%    18.1%     8.2%   16.2%    16.8%   10.6%      8.2%    12.0%   12.4%        15.3%       11.3%
Logohu Limited
              Logohu Limited                 Mussau TRP Project (TP 11641)                                 14,217            11,987            4,673            11,654    7,047   10,973       9,387        69,938
              Total for Exporter: Logohu Limited                                                           14,217            11,987            4,673            11,654    7,047 10,973        9,387        69,938
              Per Cent of Grand Total                                                                        5.6%              4.0%             2.4%              5.2%     3.2%     4.9%        4.1%         2.5%
Total for Logohu Limited                                                                                   14,217            11,987            4,673            11,654    7,047 10,973        9,387        69,938
Per Cent of Grand Total                                                                                      5.6%              4.0%             2.4%              5.2%     3.2%     4.9%        4.1%         2.5%
Low Impact Logging Ltd
              Low Impact Logging Ltd         Buhem Mongi Busiga (11338)                                     1,000                                       4,932             4,110    6,400                    16,442
              Total for Exporter: Low Impact Logging Ltd                                                    1,000                                      4,932              4,110   6,400                    16,442
              Per Cent of Grand Total                                                                        0.4%                                       2.8%               1.9%     2.9%                     0.6%
Total for Low Impact Logging Ltd                                                                            1,000                                      4,932              4,110   6,400                    16,442
Per Cent of Grand Total                                                                                      0.4%                                       2.8%               1.9%     2.9%                     0.6%
Lucky 99 (PNG) Ltd
              Lucky 99 (PNG) Ltd             Apong Agric - (FCA 71301)                                                                3,929                                        1,638                        5,567
              Total for Exporter: Lucky 99 (PNG) Ltd                                                                                  3,929                                       1,638                     5,567
              Per Cent of Grand Total                                                                                                  2.2%                                         0.7%                     0.2%
              Lucky Logging Limited              Semon (FCA 71302)                                 6,594                              5,430                                        7,266                    19,290
              Total for Exporter: Lucky Logging Limited                                            6,594                              5,430                                       7,266                    19,290
              Per Cent of Grand Total                                                               2.4%                               3.0%                                         3.2%                     0.7%
Total for Lucky 99 (PNG) Ltd                                                                       6,594                              9,359                                       8,904                    24,857
Per Cent of Grand Total                                                                             2.4%                               5.2%                                         4.0%                     0.9%
Lucky Logging Limited
              Wasu Resource Ltd             Wasu Cattle farm (FCA 13-03)                 10,007                                                                                                             10,007
              Total for Exporter: Wasu Resource Ltd                                      10,007                                                                                                            10,007
              Per Cent of Grand Total                                                      3.3%                                                                                                              0.4%
Total for Lucky Logging Limited                                                          10,007                                                                                                            10,007
Per Cent of Grand Total                                                                    3.3%                                                                                                              0.4%




      11- 6                                                                                                                                                         Report Number 11:      Page 6 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                       12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/21    11/21    10/21    9/21     8/21     7/21  6/21      5/21     4/21   3/21      2/21       1/21          total

Mekar (PNG) Limited
              Mekar (PNG) Limited           Aliai-Sisimi-Hargy Consolidated TP 11                  8,884    7,509                     4,003   4,871    2,803            8,209                5,207        41,486
              Total for Exporter: Mekar (PNG) Limited                                              8,884    7,509                     4,003   4,871   2,803            8,209                5,207        41,486
              Per Cent of Grand Total                                                               3.2%     3.0%                      2.2%    2.6%    1.6%              3.8%                 2.3%         1.5%
Total for Mekar (PNG) Limited                                                                      8,884    7,509                     4,003   4,871   2,803            8,209                5,207        41,486
Per Cent of Grand Total                                                                             3.2%     3.0%                      2.2%    2.6%    1.6%              3.8%                 2.3%         1.5%
Millennium Corporation Ltd
              Millennium Corporation Ltd         Nakmai LFA (TP 11601)                                                        8,941                                     5,658                             14,599
                                                 Tewelas: Konos-Pue TRP (TP11632)                                             7,141                                              9,961                    17,102
                                                 Ugana LFA (TP16-2)                                                                                                                          2,996         2,996
              Total for Exporter: Millennium Corporation Ltd                                                                 16,082                                    5,658    9,961       2,996        34,697
              Per Cent of Grand Total                                                                                          5.3%                                      2.6%     4.5%        1.3%         1.2%
Total for Millennium Corporation Ltd                                                                                         16,082                                    5,658    9,961       2,996        34,697
Per Cent of Grand Total                                                                                                        5.3%                                      2.6%     4.5%        1.3%         1.2%
Milton Limited
              Milton Limtied                  Morevona -Agro Forestry FCA14-03            3,808                               3,999                                                                           7,808
              Total for Exporter: Milton Limtied                                          3,808                               3,999                                                                       7,808
              Per Cent of Grand Total                                                      1.3%                                1.3%                                                                        0.3%
Total for Milton Limited                                                                  3,808                               3,999                                                                       7,808
Per Cent of Grand Total                                                                    1.3%                                1.3%                                                                        0.3%
Musa Century Limited
              Musa Century Limited          Lower Musa Agro, (FCA 70505)                          14,437                      5,202   3,750                             6,926                             30,314
              Total for Exporter: Musa Century Limited                                            14,437                      5,202   3,750                            6,926                             30,314
              Per Cent of Grand Total                                                               5.2%                       1.7%    2.1%                              3.2%                              1.1%
Total for Musa Century Limited                                                                    14,437                      5,202   3,750                            6,926                             30,314
Per Cent of Grand Total                                                                             5.2%                       1.7%    2.1%                              3.2%                              1.1%
Northern Forest Products Ltd
              Northern Forest Products Ltd Wanigela Tree Plantation (FCA 70506)                    6,775             7,158    8,263                    7,269            2,384                             31,849
              Total for Exporter: Northern Forest Products Ltd                                     6,775            7,158     8,263                   7,269            2,384                             31,849
              Per Cent of Grand Total                                                               2.4%             3.4%      2.7%                    4.1%              1.1%                              1.1%
Total for Northern Forest Products Ltd                                                             6,775            7,158     8,263                   7,269            2,384                             31,849
Per Cent of Grand Total                                                                             2.4%             3.4%      2.7%                    4.1%              1.1%                              1.1%




      11- 7                                                                                                                                                       Report Number 11:      Page 7 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/21    11/21    10/21    9/21     8/21     7/21  6/21       5/21     4/21     3/21     2/21       1/21          total

Open Bay Timber Ltd
              Open Bay Timber Ltd            Open Bay Consolidated [Pltn] (11501)         6,495    6,120    6,511            12,819                     6,006             6,851                             44,802
              Total for Exporter: Open Bay Timber Ltd                                     6,495    6,120    6,511            12,819                     6,006             6,851                            44,802
              Per Cent of Grand Total                                                      2.2%     2.2%     2.6%              4.2%                      3.4%              3.1%                              1.6%
Total for Open Bay Timber Ltd                                                             6,495    6,120    6,511            12,819                     6,006             6,851                            44,802
Per Cent of Grand Total                                                                    2.2%     2.2%     2.6%              4.2%                      3.4%              3.1%                              1.6%
Pacific Region Development Ltd
              Pacific Region Development Ltd Far North Coast TRP (TP 11212)                          812                      1,869            4,946             8,757                         3,269       19,653
                                                 Gar Consolidated TRP (TP 11544)                   4,947    2,090    3,575    8,820              591    5,500    4,397    5,482                5,346       40,748
                                                 Senbam Cons. TRP (TP11552)                       14,474   27,861            12,209   16,511     527   10,558    4,619   10,315               10,508      107,582
                                                 Waterfall bay Extn CONS.TRP(TP 11                 7,107    1,260   12,078            15,066           10,448                     10,690                   56,649
              Total for Exporter: Pacific Region Development Ltd                                  27,339   31,211   15,653   22,898 31,577     6,064   26,506   17,773   15,797 10,690 19,124             224,632
              Per Cent of Grand Total                                                               9.9%    12.3%     7.3%     7.6%   17.7%     3.2%    15.0%     7.9%     7.2%     4.8%        8.4%         8.1%
Total for Pacific Region Development Ltd                                                          27,339   31,211   15,653   22,898 31,577     6,064 26,506     17,773   15,797 10,690       19,124      224,632
Per Cent of Grand Total                                                                             9.9%    12.3%     7.3%     7.6%   17.7%     3.2%    15.0%     7.9%     7.2%     4.8%        8.4%        8.1%
PJ Plantation Limited
              PJ Plantation Limited           Idam-Saiwi Inter Agri Proj (FCA 7100        3,696    7,810                      7,511                                       6,877                             25,895
              Total for Exporter: PJ Plantation Limited                                   3,696    7,810                      7,511                                       6,877                            25,895
              Per Cent of Grand Total                                                      1.2%     2.8%                       2.5%                                        3.1%                              0.9%
Total for PJ Plantation Limited                                                           3,696    7,810                      7,511                                       6,877                            25,895
Per Cent of Grand Total                                                                    1.2%     2.8%                       2.5%                                        3.1%                              0.9%
PL Connection Ltd
              PL Connection Ltd              Suikol Intergrated Agro (FCA 15-13)          3,274                                                                                                                 3,274
              Total for Exporter: PL Connection Ltd                                       3,274                                                                                                             3,274
              Per Cent of Grand Total                                                      1.1%                                                                                                              0.1%
Total for PL Connection Ltd                                                               3,274                                                                                                             3,274
Per Cent of Grand Total                                                                    1.1%                                                                                                              0.1%
Reach Niugini Construction
              Reach Niugini Construction     Gara Modewa TRP (TP 10406)                   5,001             4,379                                      10,400                     13,291                    33,072
              Total for Exporter: Reach Niugini Construction                              5,001             4,379                                      10,400                     13,291                   33,072
              Per Cent of Grand Total                                                      1.7%              1.7%                                        5.9%                       5.9%                     1.2%
Total for Reach Niugini Construction                                                      5,001             4,379                                      10,400                     13,291                   33,072
Per Cent of Grand Total                                                                    1.7%              1.7%                                        5.9%                       5.9%                     1.2%




      11- 8                                                                                                                                                         Report Number 11:      Page 8 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/21    11/21    10/21    9/21     8/21     7/21  6/21       5/21     4/21     3/21     2/21       1/21          total

Rimbunan Hijau (PNG) Ltd
              Niugini Lumber Merchants Ltd Andru Johana (LFA 21410)                       5,688    3,569             7,311                                                                                  16,568
                                                 Awio Amgen (21409)                      13,737                      8,939                                                                                  22,676
              Total for Exporter: Niugini Lumber Merchants Ltd                           19,425    3,569            16,250                                                                                 39,244
              Per Cent of Grand Total                                                      6.5%     1.3%              7.6%                                                                                   1.4%
              Wawoi Guavi Timber Co Ltd     Wawoi Guavi (10107)                                                                                7,794            11,048            11,089                    29,931
              Total for Exporter: Wawoi Guavi Timber Co Ltd                                                                                    7,794            11,048            11,089                   29,931
              Per Cent of Grand Total                                                                                                           4.1%              4.9%              5.0%                     1.1%
Total for Rimbunan Hijau (PNG) Ltd                                                       19,425    3,569            16,250                     7,794            11,048            11,089                   69,175
Per Cent of Grand Total                                                                    6.5%     1.3%              7.6%                      4.1%              4.9%              5.0%                     2.5%
Samas Ltd
              Samas Ltd                     Aitape Lumi Consolidated FMA (6100            1,614    7,311   11,244    7,288   14,285   8,108    5,826                      4,496   11,407      27,053        98,631
              Total for Exporter: Samas Ltd                                               1,614    7,311   11,244    7,288   14,285   8,108    5,826                     4,496 11,407 27,053               98,631
              Per Cent of Grand Total                                                      0.5%     2.6%     4.4%     3.4%     4.7%    4.5%     3.1%                       2.1%     5.1%       11.9%         3.5%
Total for Samas Ltd                                                                       1,614    7,311   11,244    7,288   14,285   8,108    5,826                     4,496 11,407        27,053        98,631
Per Cent of Grand Total                                                                    0.5%     2.6%     4.4%     3.4%     4.7%    4.5%     3.1%                       2.1%     5.1%       11.9%         3.5%
Summit Agriculture Ltd
              Summit Agriculture Ltd             Gweinif Wagasu Agro-Forestry (FCA 7      1,888    2,015    5,750             6,542            4,907             4,067    2,559    1,429       4,302        33,459
                                                 Lower Sepik (LFA 21101)                                                                         859             1,590                         3,005         5,454
                                                 Wewak/Turubu (FCA 71103)                 2,090    2,967   10,441            10,373            9,891            11,485     880     2,737       6,631        57,495
              Total for Exporter: Summit Agriculture Ltd                                  3,978    4,982   16,191            16,914           15,657            17,142   3,439     4,166 13,938            96,407
              Per Cent of Grand Total                                                      1.3%     1.8%     6.4%              5.6%             8.2%              7.6%     1.6%     1.9%        6.1%         3.5%
Total for Summit Agriculture Ltd                                                          3,978    4,982   16,191            16,914           15,657            17,142   3,439     4,166     13,938        96,407
Per Cent of Grand Total                                                                    1.3%     1.8%     6.4%              5.6%             8.2%              7.6%     1.6%     1.9%        6.1%         3.5%
Sunland Limited
              Sunland Limited                Idam-saiwi Inter Agri Proj (FCA 71009                                   7,463                                      12,860                        10,734        31,056
              Total for Exporter: Sunland Limited                                                                    7,463                                      12,860                       10,734        31,056
              Per Cent of Grand Total                                                                                 3.5%                                        5.7%                          4.7%         1.1%
Total for Sunland Limited                                                                                            7,463                                      12,860                       10,734        31,056
Per Cent of Grand Total                                                                                               3.5%                                        5.7%                          4.7%         1.1%
Tutuman Development Ltd
              Maxland (PNG) Ltd              Pohowa Agro_Forestry (FCA 71801)                                                                           2,636                                                   2,636
              Total for Exporter: Maxland (PNG) Ltd                                                                                                    2,636                                                2,636
              Per Cent of Grand Total                                                                                                                   1.5%                                                 0.1%



      11- 9                                                                                                                                                         Report Number 11:      Page 9 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project   continued




                                                                                                                                         Month                                                         12-month
Co. Grouping Exporter                            SiteCode
                                                                                         12/21    11/21    10/21    9/21     8/21     7/21  6/21        5/21     4/21     3/21     2/21       1/21         total

             Millionplus Corporation Ltd     Konoagil Inter.Agri.Proj. (FCA 71603)        5,054   35,212    8,218   13,744   16,691   12,709            11,077   12,697    4,655   12,314      5,624       137,995
             Total for Exporter: Millionplus Corporation Ltd                              5,054   35,212    8,218   13,744   16,691 12,709              11,077   12,697    4,655 12,314       5,624       137,995
             Per Cent of Grand Total                                                       1.7%    12.7%     3.2%     6.4%     5.5%    7.1%               6.3%     5.6%     2.1%     5.5%       2.5%         5.0%
Total for Tutuman Development Ltd                                                         5,054   35,212    8,218   13,744   16,691 12,709              13,713   12,697    4,655 12,314       5,624      140,631
Per Cent of Grand Total                                                                    1.7%    12.7%     3.2%     6.4%     5.5%    7.1%               7.8%     5.6%     2.1%     5.5%       2.5%        5.0%
Uni Rise Ltd
             Lawrence Wood Ltd                   Lolo Block 1 (21402)                                                                                                        880                               880
                                                 Lolo Block 2 (21403)                                       5,500                              11,000                     10,873                            27,372
             Total for Exporter: Lawrence Wood Ltd                                                          5,500                              11,000                     11,753                           28,253
             Per Cent of Grand Total                                                                         2.2%                                5.8%                       5.4%                             1.0%
Total for Uni Rise Ltd                                                                                      5,500                              11,000                     11,753                           28,253
Per Cent of Grand Total                                                                                      2.2%                                5.8%                       5.4%                             1.0%
Vanimo Jaya Ltd
             Sentawan (PNG) Ltd             DANFU Block 12,13,14,15&18 (1164                               18,876                              11,000    8,168                                10,263        48,307
             Total for Exporter: Sentawan (PNG) Ltd                                                        18,876                              11,000    8,168                               10,263        48,307
             Per Cent of Grand Total                                                                         7.5%                                5.8%     4.6%                                  4.5%         1.7%
             Vanimo Jaya Ltd                Makapa Timber Area (10109)                   26,345                      9,136   22,014                      9,251    8,080                       12,041        86,867
             Total for Exporter: Vanimo Jaya Ltd                                         26,345                      9,136   22,014                      9,251    8,080                      12,041        86,867
             Per Cent of Grand Total                                                       8.8%                       4.3%     7.3%                       5.2%     3.6%                         5.3%         3.1%
             VJ Holdings Ltd                     Ulamona consolidated TRP (TP 11443                1,488    7,272                      7,520    2,035    5,137             4,012               9,648        37,112
                                                 Ulewun Kamarere WoodLot (TP14-85)                 6,780    2,252                                                                                            9,032
             Total for Exporter: VJ Holdings Ltd                                                   8,268    9,524                     7,520     2,035    5,137             4,012              9,648        46,144
             Per Cent of Grand Total                                                                3.0%     3.8%                      4.2%      1.1%     2.9%              1.8%                4.2%         1.7%
Total for Vanimo Jaya Ltd                                                                26,345    8,268   28,401    9,136   22,014   7,520    13,035 22,556      8,080    4,012             31,952      181,319
Per Cent of Grand Total                                                                    8.8%     3.0%    11.2%     4.3%     7.3%    4.2%      6.8%    12.8%     3.6%     1.8%               14.1%        6.5%
Viva Success Ltd
             Viva Success Ltd                Central New Ireland (11642)                 13,174                      3,519   16,041             6,045   10,999    4,300    6,713   19,603                   80,396
             Total for Exporter: Viva Success Ltd                                        13,174                      3,519   16,041             6,045   10,999    4,300    6,713 19,603                    80,396
             Per Cent of Grand Total                                                       4.4%                       1.6%     5.3%              3.2%     6.2%     1.9%     3.1%     8.8%                    2.9%
Total for Viva Success Ltd                                                               13,174                      3,519   16,041             6,045 10,999      4,300    6,713 19,603                    80,396
Per Cent of Grand Total                                                                    4.4%                       1.6%     5.3%              3.2%     6.2%     1.9%     3.1%     8.8%                    2.9%




      11- 10                                                                                                                                                         Report Number 11:    Page 10 of 11 pages

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Report - Monthly Actual Shipped Volumes (m3) by Export Company and Project    continued




                                                                                                                                         Month                                                    12-month
Co. Grouping Exporter                            SiteCode
                                                                                          12/21    11/21    10/21   9/21     8/21     7/21  6/21     5/21   4/21     3/21     2/21       1/21         total

Woodbank Pacific Ltd
             Woodbank Pacific Ltd                Kumil (11222)                             3,002   14,180                    12,649         11,660           2,193    4,396   10,899      3,714        62,692
                                                 Vanimo Block 3,4 & 5 (TP: 10-11)          6,489                     6,363                                                                             12,852
             Total for Exporter: Woodbank Pacific Ltd                                      9,491   14,180           6,363    12,649         11,660          2,193    4,396 10,899        3,714        75,545
             Per Cent of Grand Total                                                        3.2%     5.1%            3.0%      4.2%           6.1%           1.0%     2.0%     4.9%        1.6%         2.7%
Total for Woodbank Pacific Ltd                                                             9,491   14,180           6,363    12,649         11,660          2,193    4,396 10,899        3,714        75,545
Per Cent of Grand Total                                                                     3.2%     5.1%            3.0%      4.2%           6.1%           1.0%     2.0%     4.9%        1.6%         2.7%

Grand Total:                                                                          300,027 277,347 253,138 213,468 302,149 178,392 190,769 176,275 225,563 218,528 223,728 227,240             2,786,624




      11- 11                                                                                                                                                   Report Number 11:     Page 11 of 11 pages

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Log Exports by Project Site (Volume and Value) for December - 2021, and Year to Date
Date printed: 30/01/2022 11:27:55 am
                                                                                     --------------------------- December / 2021 -------------------------       --------------------------- Year to Date ------------------------------
Co. Grouping             Exporter            Site Code                               No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                                Value, K

Active Forest Limited
                         Active Forest Limited
                                             Cloudy Bay (FMA 60301)                                                                                                        6                 54,332.172              16,889,846.83
                         Total for Exporter: Active Forest Limited                                                                                                       6                  54,332.172             16,889,846.83
                         Per Cent of Grand Total                                                                                                                      0.9%                       1.9%                      1.8%
Total for Active Forest Limited                                                                                                                                         6                 54,332.172             16,889,846.83
Per Cent of Grand Total                                                                                                                                              0.9%                      1.9%                      1.8%
Alliance Lumber (PNG) Ltd
                         Alliance Lumber (PNG) Ltd
                                             Musu-SaberjinSossi (TP11009)                                                                                                  1                   7,483.342               2,241,723.62
                         Total for Exporter: Alliance Lumber (PNG) Ltd                                                                                                   1                   7,483.342               2,241,723.62
                         Per Cent of Grand Total                                                                                                                      0.1%                       0.3%                       0.2%
Total for Alliance Lumber (PNG) Ltd                                                                                                                                     1                   7,483.342              2,241,723.62
Per Cent of Grand Total                                                                                                                                              0.1%                       0.3%                      0.2%
Amanab 56 Timber Investments Ltd
                         Amanab 56 Timber Investments Ltd
                                             Amanab Blocks 5 & 6 FMA 110-4 (61002)                                                                                        11                 61,894.917              51,099,072.44
                         Total for Exporter: Amanab 56 Timber Investments Ltd                                                                                           11                  61,894.917             51,099,072.44
                         Per Cent of Grand Total                                                                                                                      1.6%                       2.2%                      5.5%
Total for Amanab 56 Timber Investments Ltd                                                                                                                              11                61,894.917             51,099,072.44
Per Cent of Grand Total                                                                                                                                              1.6%                      2.2%                      5.5%


 12- 1                                                                                                                                                       Report Number 12:       Page 1 of 14 pages

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Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Amanab Forest Products Ltd
                     Amanab Forest Products Ltd
                                          Amanab Blocks 1-4 FMA (61001)                       3                   17,021.715            15,421,382.82                      18                 94,875.252              81,127,805.74
                     Total for Exporter: Amanab Forest Products Ltd                         3                   17,021.715            15,421,382.82                      18                  94,875.252             81,127,805.74
                     Per Cent of Grand Total                                             4.2%                        5.7%                    14.8%                     2.6%                       3.4%                      8.8%
Total for Amanab Forest Products Ltd                                                       3                   17,021.715           15,421,382.82                        18                94,875.252             81,127,805.74
Per Cent of Grand Total                                                                4.2%                         5.7%                   14.8%                      2.6%                      3.4%                      8.8%
Aset Meriah (PNG) Ltd
                     Aset Meriah (PNG) Ltd
                                          Alimbit Andru (TP 11408)                                                                                                          7                 34,267.270              10,070,181.47
                     Total for Exporter: Aset Meriah (PNG) Ltd                                                                                                            7                  34,267.270             10,070,181.47
                     Per Cent of Grand Total                                                                                                                           1.0%                       1.2%                      1.1%
                     Milton Limited
                                          Mosaleim TRP (TP 11457)                             3                    6,905.449             1,561,786.51                      12                 38,508.781                8,799,956.10
                                          Pakalua Agri. Forestry Intr (FCA 71402)                                                                                           3                 13,734.634                3,278,255.01
                     Total for Exporter: Milton Limited                                     3                     6,905.449             1,561,786.51                     15                  52,243.415             12,078,211.11
                     Per Cent of Grand Total                                             4.2%                         2.3%                     1.5%                    2.1%                       1.9%                      1.3%
Total for Aset Meriah (PNG) Ltd                                                            3                     6,905.449            1,561,786.51                       22                86,510.685             22,148,392.58
Per Cent of Grand Total                                                                4.2%                          2.3%                    1.5%                     3.1%                      3.1%                      2.4%
BDSL Shipping Ltd
                     BDSL Shipping Ltd
                                          Sapo Agroforest Dev Block 8A (TA 10-126)                                                                                          1                   1,848.644               1,303,297.56
                     Total for Exporter: BDSL Shipping Ltd                                                                                                                1                   1,848.644               1,303,297.56
                     Per Cent of Grand Total                                                                                                                           0.1%                       0.1%                       0.1%
Total for BDSL Shipping Ltd                                                                                                                                              1                   1,848.644              1,303,297.56
Per Cent of Grand Total                                                                                                                                               0.1%                       0.1%                      0.1%
Bismarck Industries Ltd
                     Bismarck Industries Ltd
                                          Kapuluk Timber Project (11450)                      1                    4,040.960             1,275,154.07                       4                 22,103.310                6,298,991.83

 12- 2                                                                                                                                                        Report Number 12:       Page 2 of 14 pages

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Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

                     Total for Exporter: Bismarck Industries Ltd                            1                     4,040.960             1,275,154.07                      4                  22,103.310               6,298,991.83
                     Per Cent of Grand Total                                             1.4%                         1.3%                     1.2%                    0.6%                       0.8%                       0.7%
Total for Bismarck Industries Ltd                                                          1                     4,040.960            1,275,154.07                       4                 22,103.310               6,298,991.83
Per Cent of Grand Total                                                                1.4%                          1.3%                    1.2%                     0.6%                      0.8%                       0.7%
Brilliant Investment Ltd
                     DD Investment Ltd
                                          Bewani LFA (21001)                                                                                                                3                   4,614.114               3,609,350.02
                     Total for Exporter: DD Investment Ltd                                                                                                                3                   4,614.114               3,609,350.02
                     Per Cent of Grand Total                                                                                                                           0.4%                       0.2%                       0.4%
Total for Brilliant Investment Ltd                                                                                                                                       3                   4,614.114              3,609,350.02
Per Cent of Grand Total                                                                                                                                               0.4%                       0.2%                      0.4%
Cakara Alam (PNG) Ltd
                     Cakara Alam (PNG) Ltd
                                          East Arawe TP (11455)                               1                   13,973.431             4,498,104.96                      15                 61,178.191              16,980,996.53
                                          Rottock Bay Consolidated (FMA 61402)                9                   37,120.442            10,856,840.07                      39                122,042.236              33,917,634.27
                     Total for Exporter: Cakara Alam (PNG) Ltd                             10                   51,093.873            15,354,945.03                      54                183,220.427              50,898,630.80
                     Per Cent of Grand Total                                           14.1%                        17.0%                    14.7%                     7.7%                      6.6%                       5.5%
                     Tzen Niugini Ltd
                                          Cape Offord (TP 11548)                              2                    2,741.260               871,881.33                       7                 19,230.361               5,646,012.36
                                          Illi Wawas/Masarau (FCA 71502)                      4                   11,190.334             3,535,712.31                      17                 40,386.882              12,023,426.28
                     Total for Exporter: Tzen Niugini Ltd                                   6                   13,931.594              4,407,593.64                     24                  59,617.243             17,669,438.64
                     Per Cent of Grand Total                                             8.5%                        4.6%                      4.2%                    3.4%                       2.1%                      1.9%
Total for Cakara Alam (PNG) Ltd                                                           16                   65,025.467           19,762,538.67                       78               242,837.670              68,568,069.45
Per Cent of Grand Total                                                               22.5%                        21.7%                   18.9%                    11.1%                      8.7%                       7.4%
Canopus No. 16 Ltd
                     Canopus No. 16 Ltd
                                          Wipim Tapila FMA (60110)                                                                                                          5                 24,663.648                6,093,781.16
                     Total for Exporter: Canopus No. 16 Ltd                                                                                                               5                  24,663.648               6,093,781.16
                     Per Cent of Grand Total                                                                                                                           0.7%                       0.9%                       0.7%

 12- 3                                                                                                                                                        Report Number 12:       Page 3 of 14 pages

Page 61 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Canopus No. 16 Ltd                                                                                                                                             5                 24,663.648               6,093,781.16
Per Cent of Grand Total                                                                                                                                               0.7%                      0.9%                       0.7%
Continental Alliance Ltd
                     Continental Alliance Ltd
                                          Meander May Valley int.Agri. (FCA 71105)                                                                                          7                 12,291.015                3,203,457.58
                                          Wagana Wagasu Large scale (FCA 10-13)               1                    1,028.837                284,134.53                      5                 11,503.701                3,463,203.04
                     Total for Exporter: Continental Alliance Ltd                           1                     1,028.837               284,134.53                     12                  23,794.716               6,666,660.62
                     Per Cent of Grand Total                                             1.4%                         0.3%                     0.3%                    1.7%                       0.9%                       0.7%
Total for Continental Alliance Ltd                                                         1                     1,028.837               284,134.53                      12                23,794.716               6,666,660.62
Per Cent of Grand Total                                                                1.4%                          0.3%                     0.3%                    1.7%                      0.9%                       0.7%
CS Boss International Ltd
                     Stettin Bay Lumber Co. Ltd
                                          Ania Kapiura Consolidated (11452)                   4                   14,179.980             4,400,492.67                      28                105,557.310              32,113,939.41
                                          Ania Kapuira Forest Pltn (TP 11403)                                                                                               1                    403.232                 135,987.29
                     Total for Exporter: Stettin Bay Lumber Co. Ltd                         4                   14,179.980              4,400,492.67                     29                105,960.542              32,249,926.69
                     Per Cent of Grand Total                                             5.6%                        4.7%                      4.2%                    4.1%                      3.8%                       3.5%
Total for CS Boss International Ltd                                                        4                   14,179.980             4,400,492.67                       29              105,960.542              32,249,926.69
Per Cent of Grand Total                                                                5.6%                         4.7%                     4.2%                     4.1%                     3.8%                       3.5%
East Papua Timber Resources Ltd
                     East Papua Timber Resources Ltd
                                          Brown River/Kuriva (10337)                          1                       347.712               310,457.14                      4                   1,469.637               1,312,175.89
                     Total for Exporter: East Papua Timber Resources Ltd                    1                       347.712               310,457.14                      4                   1,469.637               1,312,175.89
                     Per Cent of Grand Total                                             1.4%                         0.1%                     0.3%                    0.6%                       0.1%                       0.1%
Total for East Papua Timber Resources Ltd                                                  1                       347.712               310,457.14                      4                   1,469.637              1,312,175.89
Per Cent of Grand Total                                                                1.4%                          0.1%                     0.3%                    0.6%                       0.1%                      0.1%
Everwin Enterprises Ltd
                     Everwin Enterprises Ltd
                                          Kui - Buso Consolidated TRP (TP 11332)                                                                                            2                   1,359.305                 291,354.65
                                          Miama B TRP (TP 11337)                                                                                                            3                   1,835.204                 372,927.90

 12- 4                                                                                                                                                        Report Number 12:       Page 4 of 14 pages

Page 62 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

                                          Morobe Coast TRP (TP 11335) Mopi Camp               1                    6,691.370             2,055,101.85                      18                 53,563.846              15,193,143.51
                     Total for Exporter: Everwin Enterprises Ltd                            1                     6,691.370             2,055,101.85                     23                  56,758.355             15,857,426.06
                     Per Cent of Grand Total                                             1.4%                         2.2%                     2.0%                    3.3%                       2.0%                      1.7%
Total for Everwin Enterprises Ltd                                                          1                     6,691.370            2,055,101.85                       23                56,758.355             15,857,426.06
Per Cent of Grand Total                                                                1.4%                          2.2%                    2.0%                     3.3%                      2.0%                      1.7%
GL Niugini Pty Ltd
                     GL Niugini Pty Ltd
                                          East Awin (FMA 60101)                               2                    6,307.570             1,690,517.57                      13                 43,079.181              12,127,769.53
                     Total for Exporter: GL Niugini Pty Ltd                                 2                     6,307.570             1,690,517.57                     13                  43,079.181             12,127,769.53
                     Per Cent of Grand Total                                             2.8%                         2.1%                     1.6%                    1.9%                       1.5%                      1.3%
Total for GL Niugini Pty Ltd                                                               2                     6,307.570            1,690,517.57                       13                43,079.181             12,127,769.53
Per Cent of Grand Total                                                                2.8%                          2.1%                    1.6%                     1.9%                      1.5%                      1.3%
Global Elite Ltd
                     Global Elite Ltd
                                          Gweinif Wagasu Agro-Forestry (FCA 71010)                                                                                          1                  3,243.077                 785,144.51
                                          Wammy Rural Development Pro. (FCA71007)                                                                                          13                 36,589.274              11,052,189.74
                     Total for Exporter: Global Elite Ltd                                                                                                                14                  39,832.351             11,837,334.25
                     Per Cent of Grand Total                                                                                                                           2.0%                       1.4%                      1.3%
Total for Global Elite Ltd                                                                                                                                               14                39,832.351             11,837,334.25
Per Cent of Grand Total                                                                                                                                               2.0%                      1.4%                      1.3%
Golden Rise Investment Ltd
                     Golden Rise Investment Ltd
                                          Raicoast (11218)                                    2                    9,963.021             3,262,781.44                       4                 26,054.909                7,971,538.46
                     Total for Exporter: Golden Rise Investment Ltd                         2                     9,963.021             3,262,781.44                      4                  26,054.909               7,971,538.46
                     Per Cent of Grand Total                                             2.8%                         3.3%                     3.1%                    0.6%                       0.9%                       0.9%
Total for Golden Rise Investment Ltd                                                       2                     9,963.021            3,262,781.44                       4                 26,054.909               7,971,538.46
Per Cent of Grand Total                                                                2.8%                          3.3%                    3.1%                     0.6%                      0.9%                       0.9%



 12- 5                                                                                                                                                        Report Number 12:       Page 5 of 14 pages

Page 63 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Green Point Limited
                     Green Point Limited
                                          Ania Integrated Agri FCA 15-17                      2                    7,685.433             2,431,816.34                       2                   7,685.433               2,431,816.34
                     Total for Exporter: Green Point Limited                                2                     7,685.433             2,431,816.34                      2                   7,685.433               2,431,816.34
                     Per Cent of Grand Total                                             2.8%                         2.6%                     2.3%                    0.3%                       0.3%                       0.3%
Total for Green Point Limited                                                              2                     7,685.433            2,431,816.34                       2                   7,685.433              2,431,816.34
Per Cent of Grand Total                                                                2.8%                          2.6%                    2.3%                     0.3%                       0.3%                      0.3%
IFL Investment Ltd
                     IFL Investment Ltd
                                          Bonua Magarida TRP (TP 03-28)                       1                   15,112.873             4,594,991.38                       7                 68,181.015              20,243,361.33
                                          West Gadaisu TRP (10329)                                                                                                          1                  9,016.450               2,042,788.75
                     Total for Exporter: IFL Investment Ltd                                 1                   15,112.873              4,594,991.38                      8                  77,197.465             22,286,150.09
                     Per Cent of Grand Total                                             1.4%                        5.0%                      4.4%                    1.1%                       2.8%                      2.4%
Total for IFL Investment Ltd                                                               1                   15,112.873             4,594,991.38                       8                 77,197.465             22,286,150.09
Per Cent of Grand Total                                                                1.4%                         5.0%                     4.4%                     1.1%                      2.8%                      2.4%
Joinland Management (PNG) Ltd
                     Joinland Management (PNG) Ltd
                                          Kamdaru-Siaman-Lamasa (TP 16-35)                    1                    4,230.929             1,617,912.67                       1                  4,230.929               1,617,912.67
                                          Lak TRP Project (TP 11643)                                                                                                        9                 49,996.730              15,538,436.51
                     Total for Exporter: Joinland Management (PNG) Ltd                      1                     4,230.929             1,617,912.67                     10                  54,227.659             17,156,349.18
                     Per Cent of Grand Total                                             1.4%                         1.4%                     1.6%                    1.4%                       1.9%                      1.9%
Total for Joinland Management (PNG) Ltd                                                    1                     4,230.929            1,617,912.67                       10                54,227.659             17,156,349.18
Per Cent of Grand Total                                                                1.4%                          1.4%                    1.6%                     1.4%                      1.9%                      1.9%
Kinmas Investment Ltd
                     Kinmas Investment Ltd
                                          Lako Imila (PNGFAL - 682/10)-20302                                                                                                4                 32,859.402                8,265,743.33
                     Total for Exporter: Kinmas Investment Ltd                                                                                                            4                  32,859.402               8,265,743.33
                     Per Cent of Grand Total                                                                                                                           0.6%                       1.2%                       0.9%


 12- 6                                                                                                                                                        Report Number 12:       Page 6 of 14 pages

Page 64 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Kinmas Investment Ltd                                                                                                                                          4                 32,859.402               8,265,743.33
Per Cent of Grand Total                                                                                                                                               0.6%                      1.2%                       0.9%
KK Connections Ltd
                     KK Connections Ltd
                                          Seraji EXN TRP PROJ. (TP 11558)                     1                    4,362.846             1,112,679.69                      18                 30,943.259               7,817,921.37
                                          Taraiwara(Ext) Agro Reforest.(FCA 71514)            2                   10,891.557             3,119,678.38                      19                 59,863.567              15,665,547.40
                                          Utnari Land Agro-Forestry (FCA 15-21)                                                                                             9                 35,468.732              10,744,930.74
                     Total for Exporter: KK Connections Ltd                                 3                   15,254.403              4,232,358.07                     46                126,275.558              34,228,399.51
                     Per Cent of Grand Total                                             4.2%                        5.1%                      4.1%                    6.6%                      4.5%                       3.7%
                     KL Connections Ltd
                                          Dengnenge 'B' Agro Forestry (FCA 71516)             1                    7,615.403             2,102,876.82                      37                 94,920.253              26,078,132.11
                                          Makolkol Intergrated Agri. (FCA 71509)                                                                                            5                  9,252.542               2,470,972.62
                     Total for Exporter: KL Connections Ltd                                 1                     7,615.403             2,102,876.82                     42                104,172.795              28,549,104.73
                     Per Cent of Grand Total                                             1.4%                         2.5%                     2.0%                    6.0%                      3.7%                       3.1%
                     Laloani No.8 Ltd
                                          Dengnenge "A"Intergrated Agri (FCA71515)                                                                                         28                 48,279.239              13,441,266.19
                     Total for Exporter: Laloani No.8 Ltd                                                                                                                28                  48,279.239             13,441,266.19
                     Per Cent of Grand Total                                                                                                                           4.0%                       1.7%                      1.5%
                     Super Green Ltd
                                          Ormand Lako TRP Project (TP 10330)                  2                    7,251.274             2,690,839.61                       9                 37,327.259              11,118,425.91
                     Total for Exporter: Super Green Ltd                                    2                     7,251.274             2,690,839.61                      9                  37,327.259             11,118,425.91
                     Per Cent of Grand Total                                             2.8%                         2.4%                     2.6%                    1.3%                       1.3%                      1.2%
Total for KK Connections Ltd                                                               6                   30,121.080             9,026,074.50                    125                316,054.851              87,337,196.34
Per Cent of Grand Total                                                                8.5%                        10.0%                     8.6%                   17.8%                     11.3%                       9.4%
Logohu Limited
                     Logohu Limited
                                          Mussau TRP Project (TP 11641)                                                                                                     9                 69,938.308              22,234,418.51
                     Total for Exporter: Logohu Limited                                                                                                                   9                  69,938.308             22,234,418.51
                     Per Cent of Grand Total                                                                                                                           1.3%                       2.5%                      2.4%


 12- 7                                                                                                                                                        Report Number 12:       Page 7 of 14 pages

Page 65 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Logohu Limited                                                                                                                                                 9                 69,938.308             22,234,418.51
Per Cent of Grand Total                                                                                                                                               1.3%                      2.5%                      2.4%
Low Impact Logging Ltd
                     Low Impact Logging Ltd
                                          Buhem Mongi Busiga (11338)                                                                                                        5                 16,442.083                5,004,840.43
                     Total for Exporter: Low Impact Logging Ltd                                                                                                           5                  16,442.083               5,004,840.43
                     Per Cent of Grand Total                                                                                                                           0.7%                       0.6%                       0.5%
Total for Low Impact Logging Ltd                                                                                                                                         5                 16,442.083               5,004,840.43
Per Cent of Grand Total                                                                                                                                               0.7%                      0.6%                       0.5%
Lucky 99 (PNG) Ltd
                     Lucky 99 (PNG) Ltd
                                          Apong Agric - (FCA 71301)                                                                                                         2                   5,566.878               1,297,074.38
                     Total for Exporter: Lucky 99 (PNG) Ltd                                                                                                               2                   5,566.878               1,297,074.38
                     Per Cent of Grand Total                                                                                                                           0.3%                       0.2%                       0.1%
                     Lucky Logging Limited
                                          Semon (FCA 71302)                                                                                                                 3                 19,290.295                4,417,973.50
                     Total for Exporter: Lucky Logging Limited                                                                                                            3                  19,290.295               4,417,973.50
                     Per Cent of Grand Total                                                                                                                           0.4%                       0.7%                       0.5%
Total for Lucky 99 (PNG) Ltd                                                                                                                                             5                 24,857.173               5,715,047.88
Per Cent of Grand Total                                                                                                                                               0.7%                      0.9%                       0.6%
Lucky Logging Limited
                     Wasu Resource Ltd
                                          Wasu Cattle farm (FCA 13-03)                        1                   10,007.488             2,704,022.12                       1                 10,007.488                2,704,022.12
                     Total for Exporter: Wasu Resource Ltd                                  1                   10,007.488              2,704,022.12                      1                  10,007.488               2,704,022.12
                     Per Cent of Grand Total                                             1.4%                        3.3%                      2.6%                    0.1%                       0.4%                       0.3%
Total for Lucky Logging Limited                                                            1                   10,007.488             2,704,022.12                       1                 10,007.488               2,704,022.12
Per Cent of Grand Total                                                                1.4%                         3.3%                     2.6%                     0.1%                      0.4%                       0.3%



 12- 8                                                                                                                                                        Report Number 12:       Page 8 of 14 pages

Page 66 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Mekar (PNG) Limited
                     Mekar (PNG) Limited
                                          Aliai-Sisimi-Hargy Consolidated TP 11438                                                                                         12                 41,485.752              11,852,638.45
                     Total for Exporter: Mekar (PNG) Limited                                                                                                             12                  41,485.752             11,852,638.45
                     Per Cent of Grand Total                                                                                                                           1.7%                       1.5%                      1.3%
Total for Mekar (PNG) Limited                                                                                                                                            12                41,485.752             11,852,638.45
Per Cent of Grand Total                                                                                                                                               1.7%                      1.5%                      1.3%
Millennium Corporation Ltd
                     Millennium Corporation Ltd
                                          Nakmai LFA (TP 11601)                                                                                                             3                 14,598.878                4,456,498.55
                                          Tewelas: Konos-Pue TRP (TP11632)                                                                                                  2                 17,102.272                5,811,813.15
                                          Ugana LFA (TP16-2)                                                                                                                1                  2,995.518                  511,529.71
                     Total for Exporter: Millennium Corporation Ltd                                                                                                       6                  34,696.668             10,779,841.41
                     Per Cent of Grand Total                                                                                                                           0.9%                       1.2%                      1.2%
Total for Millennium Corporation Ltd                                                                                                                                     6                 34,696.668             10,779,841.41
Per Cent of Grand Total                                                                                                                                               0.9%                      1.2%                      1.2%
Milton Limited
                     Milton Limtied
                                          Morevona -Agro Forestry FCA14-03                    2                    3,808.168                843,139.01                      3                   7,807.562               2,013,860.15
                     Total for Exporter: Milton Limtied                                     2                     3,808.168               843,139.01                      3                   7,807.562               2,013,860.15
                     Per Cent of Grand Total                                             2.8%                         1.3%                     0.8%                    0.4%                       0.3%                       0.2%
Total for Milton Limited                                                                   2                     3,808.168               843,139.01                      3                   7,807.562              2,013,860.15
Per Cent of Grand Total                                                                2.8%                          1.3%                     0.8%                    0.4%                       0.3%                      0.2%
Musa Century Limited
                     Musa Century Limited
                                          Lower Musa Agro, (FCA 70505)                                                                                                      7                 30,314.224              10,377,401.72
                     Total for Exporter: Musa Century Limited                                                                                                             7                  30,314.224             10,377,401.72
                     Per Cent of Grand Total                                                                                                                           1.0%                       1.1%                      1.1%


 12- 9                                                                                                                                                        Report Number 12:       Page 9 of 14 pages

Page 67 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Musa Century Limited                                                                                                                                           7                 30,314.224             10,377,401.72
Per Cent of Grand Total                                                                                                                                               1.0%                      1.1%                      1.1%
Northern Forest Products Ltd
                     Northern Forest Products Ltd
                                          Wanigela Tree Plantation (FCA 70506)                                                                                              5                 31,849.491                9,703,411.64
                     Total for Exporter: Northern Forest Products Ltd                                                                                                     5                  31,849.491               9,703,411.64
                     Per Cent of Grand Total                                                                                                                           0.7%                       1.1%                       1.0%
Total for Northern Forest Products Ltd                                                                                                                                   5                 31,849.491               9,703,411.64
Per Cent of Grand Total                                                                                                                                               0.7%                      1.1%                       1.0%
Open Bay Timber Ltd
                     Open Bay Timber Ltd
                                          Open Bay Consolidated [Pltn] (11501)                4                    6,495.208             2,073,517.64                      24                 44,801.688              14,584,011.24
                     Total for Exporter: Open Bay Timber Ltd                                4                     6,495.208             2,073,517.64                     24                  44,801.688             14,584,011.24
                     Per Cent of Grand Total                                             5.6%                         2.2%                     2.0%                    3.4%                       1.6%                      1.6%
Total for Open Bay Timber Ltd                                                              4                     6,495.208            2,073,517.64                       24                44,801.688             14,584,011.24
Per Cent of Grand Total                                                                5.6%                          2.2%                    2.0%                     3.4%                      1.6%                      1.6%
Pacific Region Development Ltd
                     Pacific Region Development Ltd
                                          Far North Coast TRP (TP 11212)                                                                                                    5                 19,652.897               6,689,802.58
                                          Gar Consolidated TRP (TP 11544)                                                                                                   9                 40,748.265              11,984,700.32
                                          Senbam Cons. TRP (TP11552)                                                                                                       13                107,582.041              34,737,236.80
                                          Waterfall bay Extn CONS.TRP(TP 11555)                                                                                             7                 56,649.197              15,597,320.14
                     Total for Exporter: Pacific Region Development Ltd                                                                                                  34                224,632.400              69,009,059.84
                     Per Cent of Grand Total                                                                                                                           4.9%                      8.1%                       7.5%
Total for Pacific Region Development Ltd                                                                                                                                 34              224,632.400              69,009,059.84
Per Cent of Grand Total                                                                                                                                               4.9%                     8.1%                       7.5%
PJ Plantation Limited
                     PJ Plantation Limited
                                          Idam-Saiwi Inter Agri Proj (FCA 71009)              1                    3,696.292             2,420,272.34                       6                 25,894.568              16,067,783.04

 12- 10                                                                                                                                                       Report Number 12:      Page 10 of 14 pages

Page 68 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

                     Total for Exporter: PJ Plantation Limited                              1                     3,696.292             2,420,272.34                      6                  25,894.568             16,067,783.04
                     Per Cent of Grand Total                                             1.4%                         1.2%                     2.3%                    0.9%                       0.9%                      1.7%
Total for PJ Plantation Limited                                                            1                     3,696.292            2,420,272.34                       6                 25,894.568             16,067,783.04
Per Cent of Grand Total                                                                1.4%                          1.2%                    2.3%                     0.9%                      0.9%                      1.7%
PL Connection Ltd
                     PL Connection Ltd
                                          Suikol Intergrated Agro (FCA 15-13)                 1                    3,273.762             1,047,717.30                       1                   3,273.762               1,047,717.30
                     Total for Exporter: PL Connection Ltd                                  1                     3,273.762             1,047,717.30                      1                   3,273.762               1,047,717.30
                     Per Cent of Grand Total                                             1.4%                         1.1%                     1.0%                    0.1%                       0.1%                       0.1%
Total for PL Connection Ltd                                                                1                     3,273.762            1,047,717.30                       1                   3,273.762              1,047,717.30
Per Cent of Grand Total                                                                1.4%                          1.1%                    1.0%                     0.1%                       0.1%                      0.1%
Reach Niugini Construction
                     Reach Niugini Construction
                                          Gara Modewa TRP (TP 10406)                          1                    5,001.446             1,454,339.71                       5                 33,071.909                8,094,967.03
                     Total for Exporter: Reach Niugini Construction                         1                     5,001.446             1,454,339.71                      5                  33,071.909               8,094,967.03
                     Per Cent of Grand Total                                             1.4%                         1.7%                     1.4%                    0.7%                       1.2%                       0.9%
Total for Reach Niugini Construction                                                       1                     5,001.446            1,454,339.71                       5                 33,071.909               8,094,967.03
Per Cent of Grand Total                                                                1.4%                          1.7%                    1.4%                     0.7%                      1.2%                       0.9%
Rimbunan Hijau (PNG) Ltd
                     Niugini Lumber Merchants Ltd
                                          Andru Johana (LFA 21410)                            3                    5,688.297             1,732,848.80                       7                 16,567.659                5,147,497.54
                                          Awio Amgen (21409)                                  3                   13,736.732             4,155,230.90                       5                 22,676.167                6,746,791.35
                     Total for Exporter: Niugini Lumber Merchants Ltd                       6                   19,425.029              5,888,079.71                     12                  39,243.826             11,894,288.89
                     Per Cent of Grand Total                                             8.5%                        6.5%                      5.6%                    1.7%                       1.4%                      1.3%
                     Wawoi Guavi Timber Co Ltd
                                          Wawoi Guavi (10107)                                                                                                              10                 29,931.464                8,159,940.85
                     Total for Exporter: Wawoi Guavi Timber Co Ltd                                                                                                       10                  29,931.464               8,159,940.85
                     Per Cent of Grand Total                                                                                                                           1.4%                       1.1%                       0.9%


 12- 11                                                                                                                                                       Report Number 12:      Page 11 of 14 pages

Page 69 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Rimbunan Hijau (PNG) Ltd                                                         6                   19,425.029             5,888,079.71                       22                69,175.290             20,054,229.74
Per Cent of Grand Total                                                                8.5%                         6.5%                     5.6%                     3.1%                      2.5%                      2.2%
Samas Ltd
                     Samas Ltd
                                          Aitape Lumi Consolidated FMA (61003)                1                    1,613.851                331,046.36                     17                 98,630.872              31,114,665.20
                     Total for Exporter: Samas Ltd                                          1                     1,613.851               331,046.36                     17                  98,630.872             31,114,665.20
                     Per Cent of Grand Total                                             1.4%                         0.5%                     0.3%                    2.4%                       3.5%                      3.4%
Total for Samas Ltd                                                                        1                     1,613.851               331,046.36                      17                98,630.872             31,114,665.20
Per Cent of Grand Total                                                                1.4%                          0.5%                     0.3%                    2.4%                      3.5%                      3.4%
Summit Agriculture Ltd
                     Summit Agriculture Ltd
                                          Gweinif Wagasu Agro-Forestry (FCA 71010)            1                    1,888.306                523,607.71                     14                 33,458.723               9,714,952.43
                                          Lower Sepik (LFA 21101)                                                                                                           4                  5,454.120               1,134,096.04
                                          Wewak/Turubu (FCA 71103)                            1                    2,089.624                555,992.00                     19                 57,494.643              14,039,043.46
                     Total for Exporter: Summit Agriculture Ltd                             2                     3,977.930             1,079,599.71                     37                  96,407.486             24,888,091.94
                     Per Cent of Grand Total                                             2.8%                         1.3%                     1.0%                    5.3%                       3.5%                      2.7%
Total for Summit Agriculture Ltd                                                           2                     3,977.930            1,079,599.71                       37                96,407.486             24,888,091.94
Per Cent of Grand Total                                                                2.8%                          1.3%                    1.0%                     5.3%                      3.5%                      2.7%
Sunland Limited
                     Sunland Limited
                                          Idam-saiwi Inter Agri Proj (FCA 71009)                                                                                            9                 31,056.098              20,789,720.87
                     Total for Exporter: Sunland Limited                                                                                                                  9                  31,056.098             20,789,720.87
                     Per Cent of Grand Total                                                                                                                           1.3%                       1.1%                      2.2%
Total for Sunland Limited                                                                                                                                                9                 31,056.098             20,789,720.87
Per Cent of Grand Total                                                                                                                                               1.3%                      1.1%                      2.2%
Tutuman Development Ltd
                     Maxland (PNG) Ltd
                                          Pohowa Agro_Forestry (FCA 71801)                                                                                                  1                   2,636.287                 836,381.52


 12- 12                                                                                                                                                       Report Number 12:      Page 12 of 14 pages

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Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

                     Total for Exporter: Maxland (PNG) Ltd                                                                                                                1                   2,636.287                 836,381.52
                     Per Cent of Grand Total                                                                                                                           0.1%                       0.1%                       0.1%
                     Millionplus Corporation Ltd
                                          Konoagil Inter.Agri.Proj. (FCA 71603)               1                    5,054.376             1,608,106.70                      23                137,994.750              40,806,696.82
                     Total for Exporter: Millionplus Corporation Ltd                        1                     5,054.376             1,608,106.70                     23                137,994.750              40,806,696.82
                     Per Cent of Grand Total                                             1.4%                         1.7%                     1.5%                    3.3%                      5.0%                       4.4%
Total for Tutuman Development Ltd                                                          1                     5,054.376            1,608,106.70                       24              140,631.037              41,643,078.34
Per Cent of Grand Total                                                                1.4%                          1.7%                    1.5%                     3.4%                     5.0%                       4.5%
Uni Rise Ltd
                     Lawrence Wood Ltd
                                          Lolo Block 1 (21402)                                                                                                              1                    880.286                  157,193.93
                                          Lolo Block 2 (21403)                                                                                                              5                 27,372.339                7,685,738.18
                     Total for Exporter: Lawrence Wood Ltd                                                                                                                6                  28,252.625               7,842,932.10
                     Per Cent of Grand Total                                                                                                                           0.9%                       1.0%                       0.8%
Total for Uni Rise Ltd                                                                                                                                                   6                 28,252.625               7,842,932.10
Per Cent of Grand Total                                                                                                                                               0.9%                      1.0%                       0.8%
Vanimo Jaya Ltd
                     Sentawan (PNG) Ltd
                                          DANFU Block 12,13,14,15&18 (11640)                                                                                                9                 48,307.247              15,139,757.35
                     Total for Exporter: Sentawan (PNG) Ltd                                                                                                               9                  48,307.247             15,139,757.35
                     Per Cent of Grand Total                                                                                                                           1.3%                       1.7%                      1.6%
                     Vanimo Jaya Ltd
                                          Makapa Timber Area (10109)                          3                   26,345.087             7,572,014.79                      14                 86,867.296              24,261,254.03
                     Total for Exporter: Vanimo Jaya Ltd                                    3                   26,345.087              7,572,014.79                     14                  86,867.296             24,261,254.03
                     Per Cent of Grand Total                                             4.2%                        8.8%                      7.3%                    2.0%                       3.1%                      2.6%
                     VJ Holdings Ltd
                                          Ulamona consolidated TRP (TP 11443)                                                                                              12                 37,111.939                9,551,791.98
                                          Ulewun Kamarere WoodLot (TP14-85)                                                                                                 5                  9,032.143                2,253,650.70
                     Total for Exporter: VJ Holdings Ltd                                                                                                                 17                  46,144.082             11,805,442.68
                     Per Cent of Grand Total                                                                                                                           2.4%                       1.7%                      1.3%

 12- 13                                                                                                                                                       Report Number 12:      Page 13 of 14 pages

Page 71 screenshot
Field163:
REPORT - Log Exports by Project Site (Volume and Value) for December - 2021, and Cumulative Year to Date (to 31-December-2021)                Continued
                                                                                      --------------------------- December / 2021 -------------------------       --------------------------- Year to Date -----------------------------
Co. Grouping         Exporter             SiteCode                                    No. Shipments Volume (m3)                             Value, K              No. Shipments Volume (m3)                               Value, K

Total for Vanimo Jaya Ltd                                                                  3                   26,345.087             7,572,014.79                       40              181,318.625              51,206,454.06
Per Cent of Grand Total                                                                4.2%                         8.8%                     7.3%                     5.7%                     6.5%                       5.5%
Viva Success Ltd
                     Viva Success Ltd
                                          Central New Ireland (11642)                         2                   13,174.476             5,016,674.36                      15                 80,395.504              25,673,289.18
                     Total for Exporter: Viva Success Ltd                                   2                   13,174.476              5,016,674.36                     15                  80,395.504             25,673,289.18
                     Per Cent of Grand Total                                             2.8%                        4.4%                      4.8%                    2.1%                       2.9%                      2.8%
Total for Viva Success Ltd                                                                 2                   13,174.476             5,016,674.36                       15                80,395.504             25,673,289.18
Per Cent of Grand Total                                                                2.8%                         4.4%                     4.8%                     2.1%                      2.9%                      2.8%
Woodbank Pacific Ltd
                     Woodbank Pacific Ltd
                                          Kumil (11222)                                       1                    3,001.873             2,719,645.62                       9                 62,692.494              23,475,409.45
                                          Vanimo Block 3,4 & 5 (TP: 10-11)                    1                    6,489.385             1,915,956.31                       2                 12,852.302               4,494,515.85
                     Total for Exporter: Woodbank Pacific Ltd                               2                     9,491.258             4,635,601.93                     11                  75,544.796             27,969,925.30
                     Per Cent of Grand Total                                             2.8%                         3.2%                     4.4%                    1.6%                       2.7%                      3.0%
Total for Woodbank Pacific Ltd                                                             2                     9,491.258            4,635,601.93                       11                75,544.796             27,969,925.30
Per Cent of Grand Total                                                                2.8%                          3.2%                    4.4%                     1.6%                      2.7%                      3.0%

Grand Total:                                                                               71              300,026.767##############                                   701          2,786,623.664 925,251,825.51




 12- 14                                                                                                                                                       Report Number 12:      Page 14 of 14 pages

Page 72 screenshot
Log Exports (Volume and Kina Value) by Province for December/2021 and
Previous Periods
Report printed: 30/01/2022 11:28:08 am


                                           -------------------------- Volume, m3 -------------------------------     ---------------------------- Value (Kina) ----------------------------
Province                                 December/21                 Yr to Date                         2020       December/21                  Yr to Date                         2020
Central                                        22,712                    203,186                     142,490          7,596,288                 59,872,342                  35,054,405
East New Britain                               54,256                    599,085                     646,231         16,295,880                174,271,011                 170,717,376
East Sepik                                      5,007                    160,035                     124,934          1,363,734                 43,392,087                  33,240,705
Gulf                                                                                                  61,295                                                                15,806,420
Madang                                         12,965                    108,400                      37,070          5,982,427                 38,136,750                  10,107,200
Manus                                                                      2,636                      16,436                                       836,382                   5,735,774
Milne Bay                                       5,001                     33,072                      60,263          1,454,340                  8,094,967                  16,323,549
Morobe                                         16,699                    108,065                     123,492          4,759,124                 29,281,336                  30,228,415
New Ireland                                    22,460                    425,560                     430,485          8,242,694                131,790,352                 130,969,406
Oro                                                                       62,164                      43,713                                    20,080,813                  10,419,282
West New Britain                               99,453                    560,729                     596,858         29,323,597                157,005,104                 165,712,848
West Sepik                                     28,821                    339,150                     387,273         20,088,658                211,847,934                 232,594,710
Western                                        32,653                    184,542                     220,594          9,262,532                 50,642,746                  54,676,240

Total                                       300,027                  2,786,624                  2,891,135          104,369,274              925,251,826                 911,586,330
Monthly mean                                 300,027                     232,219                     240,928        104,369,274                 77,104,319                  75,965,527




 13- 1                                                                                                                                             Report Number 13:     Page 1 of 1 pages

Page 73 screenshot
Log Export Volumes and Prices by Destination, Grade
and Group, for December/2021
Report printed: 30/01/2022 11:28:20 am



                                                                             Volume          FOB        Per Cent   Ave FOB
Destination                                   Log Grade          Group           m3           US$      by Volume    US$/m3

China
                                              Saw/Veneer
                                                                     1        141,790     15,965,276       55.6%           113
                                                                     2         10,763        862,554        4.2%            80
                                                                     3         23,380      1,793,910        9.2%            77
                                                                     4         28,941      2,025,515       11.4%            70
        Total/Mean for Saw/Veneer                                             204,875     20,647,254       80.4%           101
        Per Cent of Grand Total                                                 68.3%         67.6%
                                              Low Grade
                                                                     1         40,507      2,339,134       15.9%           58
                                                                     2          1,940        105,090        0.8%           54
                                                                     3          3,622        197,889        1.4%           55
                                                                     4          3,994        225,878        1.6%           57
        Total/Mean for Low Grade                                               50,064      2,867,991       19.6%           57
        Per Cent of Grand Total                                                 16.7%          9.4%

Total/Mean for China                                                         254,938     23,515,245      100.0%            92
Per Cent of Grand Total                                                        85.0%         77.0%

India
                                              Saw/Veneer
                                                                     1         17,022      4,510,754       98.0%           265
        Total/Mean for Saw/Veneer                                              17,022      4,510,754       98.0%           265
        Per Cent of Grand Total                                                  5.7%         14.8%
                                   Plantation diam 20 - 29 cm: tiny small
                                                         1            222                    55,600         1.3%           250
        Total/Mean for Plantation diam 20 - 29 cm: tiny               222                    55,600         1.3%           250
        small
        Per Cent of Grand Total                                                  0.1%          0.2%
                                              Plantation diam 00 - 19 cm: little small
                                                                    1              125       31,329         0.7%           250



Report Number 14:         Page 1 of 3 pages                                                                        14- 1

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Field163:
REPORT - Log Export Volumes and Prices by Destination, Grade and Group, for December/2021   Continued


                                                                  Volume           FOB        Per Cent     Ave FOB
Destination                             Log Grade     Group           m3            US$      by Volume      US$/m3

      Total/Mean for Plantation diam 00 - 19 cm: little                125          31,329          0.7%           250
      small
      Per Cent of Grand Total                                         0.0%            0.1%

Total/Mean for India                                               17,369      4,597,682        100.0%             265
Per Cent of Grand Total                                              5.8%          15.1%

Malaysia
                                        Saw/Veneer
                                                          1          1,970        208,194          60.2%           106
                                                          2            516         41,262          15.8%            80
                                                          3            373         27,948          11.4%            75
                                                          4            415         29,053          12.7%            70
      Total/Mean for Saw/Veneer                                      3,274        306,457         100.0%            94
      Per Cent of Grand Total                                         1.1%            1.0%

Total/Mean for Malaysia                                             3,274        306,457        100.0%              94
Per Cent of Grand Total                                              1.1%            1.0%

South Korea
                                        Saw/Veneer
                                                          1          5,868        537,940          82.5%            92
                                                          3            655         51,190           9.2%            78
                                                          4            589         42,585           8.3%            72
      Total/Mean for Saw/Veneer                                      7,112        631,715         100.0%            89
      Per Cent of Grand Total                                         2.4%            2.1%

Total/Mean for South Korea                                          7,112        631,715        100.0%              89
Per Cent of Grand Total                                              2.4%            2.1%

Taiwan
                                        Saw/Veneer
                                                          1          3,106        323,513          33.7%           104
                                                          2          2,274        181,926          24.7%            80
                                                          3            986         73,958          10.7%            75
                                                          4          2,858        200,045          31.0%            70
      Total/Mean for Saw/Veneer                                      9,224        779,442         100.0%            85
      Per Cent of Grand Total                                         3.1%            2.6%

Total/Mean for Taiwan                                               9,224        779,442        100.0%              85
Per Cent of Grand Total                                              3.1%            2.6%



Report Number 14:   Page 2 of 3 pages                                                                      14- 2

Page 75 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination, Grade and Group, for December/2021   Continued


                                                                  Volume           FOB        Per Cent     Ave FOB
Destination                             Log Grade     Group           m3            US$      by Volume      US$/m3

Vietnam
                                 Plantation diam 60+ cm: regular
                                                      2                438          62,133          5.4%           142
      Total/Mean for Plantation diam 60+ cm: regular                   438          62,133          5.4%           142
      Per Cent of Grand Total                                         0.1%            0.2%
                                 Plantation diam 50 - 59 cm: small
                                                       2           604              77,256          7.4%           128
      Total/Mean for Plantation diam 50 - 59 cm: small             604              77,256          7.4%           128
      Per Cent of Grand Total                                         0.2%            0.3%
                                 Plantation diam 40 - 49 cm: super small
                                                       2          1,171           133,546          14.4%           114
      Total/Mean for Plantation diam 40 - 49 cm: super            1,171           133,546          14.4%           114
      small
      Per Cent of Grand Total                                         0.4%            0.4%
                                 Plantation diam 30 - 39 cm: baby small
                                                       2          2,671           245,740          32.9%            92
      Total/Mean for Plantation diam 30 - 39 cm: baby             2,671           245,740          32.9%            92
      small
      Per Cent of Grand Total                                         0.9%            0.8%
                                 Plantation diam 20 - 29 cm: tiny small
                                                       2           1,612            87,829         19.9%            55
      Total/Mean for Plantation diam 20 - 29 cm: tiny              1,612            87,829         19.9%            55
      small
      Per Cent of Grand Total                                         0.5%            0.3%
                                        Low Grade
                                                         1             695          41,681          8.6%            60
                                                         2             117           7,043          1.4%            60
                                                         3             562          33,732          6.9%            60
                                                         4             240          14,375          3.0%            60
      Total/Mean for Low Grade                                       1,614          96,831         19.9%            60
      Per Cent of Grand Total                                         0.5%            0.3%

Total/Mean for Vietnam                                              8,109        703,335        100.0%              87
Per Cent of Grand Total                                              2.7%            2.3%

             Grand Total:                                         300,027     30,533,877                           102




Report Number 14:   Page 3 of 3 pages                                                                      14- 3

Page 76 screenshot
Log Export Volumes and Prices by Destination and
Grade for Group 1 Species, for December/2021
Report printed: 30/01/2022 11:28:30 am



                                                                      Volume       FOB        Per Cent    Ave FOB
Destination                Log Grade          Species                     m3        US$      by Volume     US$/m3

China
                           Saw/Veneer
                                          Kwila                         8,477    2,214,925        4.7%           261
                                          Taun                         55,709    6,176,364       30.6%           111
                                          Red Planchonella                607       54,063        0.3%            89
                                          Red Canarium                  6,012      533,551        3.3%            89
                                          PNG Walnut                    3,544      316,885        1.9%            89
                                          PNG Mersawa                   3,852      402,389        2.1%           104
                                          Pencil Cedar                  9,735    1,161,864        5.3%           119
                                          Terminalia                    9,349      850,580        5.1%            91
                                          Lophopetallum/Perupok           677       60,992        0.4%            90
                                          White Planchonella            1,523      136,321        0.8%            90
                                          Hekakoro                          3          244        0.0%            90
                                          Grey Canarium                 1,597      144,363        0.9%            90
                                          Erima                         4,834      437,929        2.7%            91
                                          Dillenia                      3,796      346,993        2.1%            91
                                          Calophyllum                  11,874    1,316,750        6.5%           111
                                          Burckella                     3,246      290,199        1.8%            89
                                          Malas                        16,955    1,520,863        9.3%            90
                           Total/Mean for Saw/Veneer                  141,790   15,965,276       77.8%           113
                           Per Cent of Grand Total                     67.1%        66.5%
                           Low Grade
                                              Calophyllum               4,004     222,192         2.2%            55
                                              PNG Mersawa               1,420      84,616         0.8%            60
                                              Pencil Cedar              3,466     191,593         1.9%            55
                                              Malas                     6,116     346,591         3.4%            57
                                              Lophopetallum/Perupok       161       8,351         0.1%            52
                                              Red Canarium              1,448      82,876         0.8%            57
                                              Kwila                       436      74,703         0.2%           171
                                              Grey Canarium               286      14,925         0.2%            52
                                              Erima                       710      39,130         0.4%            55
                                              Dillenia                  1,448      84,710         0.8%            59
                                              Terminalia                1,655      90,926         0.9%            55

Report Number 15:         Page 1 of 4 pages                                                              15- 1

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Field163:
REPORT - Log Export Volumes and Prices by Destination and Grade for Group 1 Species, for December/2021      Continued


                                                                   Volume           FOB        Per Cent        Ave FOB
Destination          Log Grade          Species                        m3            US$      by Volume         US$/m3

                                    Red Planchonella                   111           6,507          0.1%                 58
                                    PNG Walnut                         403          22,516          0.2%                 56
                                    Taun                            17,852       1,013,500          9.8%                 57
                                    White Planchonella                 113           6,073          0.1%                 54
                                    Burckella                          878          49,924          0.5%                 57
                     Total/Mean for Low Grade                       40,507       2,339,134         22.2%                 58
                     Per Cent of Grand Total                         19.2%             9.7%

Total/Mean for China                                               182,298     18,304,410        100.0%                 100
Per Cent of Grand Total                                             86.3%           76.2%

India
                     Saw/Veneer
                                    Kwila                           17,022       4,510,754         98.0%                265
                     Total/Mean for Saw/Veneer                      17,022       4,510,754         98.0%                265
                     Per Cent of Grand Total                           8.1%          18.8%
                     Plantation diam 20 - 29 cm: tiny small
                                     Teak (b) tiny small (plntn)       222          55,600           1.3%               250
                     Total/Mean for Plantation diam 20 -               222          55,600           1.3%               250
                     29 cm: tiny small
                     Per Cent of Grand Total                           0.1%            0.2%
                     Plantation diam 00 - 19 cm: little small
                                      Teak (a) little small            125          31,329           0.7%               250
                                      (plntn)
                     Total/Mean for Plantation diam 00 -               125          31,329           0.7%               250
                     19 cm: little small
                     Per Cent of Grand Total                           0.1%            0.1%

Total/Mean for India                                                17,369      4,597,682        100.0%                 265
Per Cent of Grand Total                                              8.2%           19.1%

Malaysia
                     Saw/Veneer
                                        Pencil Cedar                   152          16,767          7.7%                110
                                        White Planchonella              65           5,814          3.3%                 90
                                        Terminalia                      86           7,706          4.3%                 90
                                        Taun                           572          62,865         29.0%                110
                                        Red Canarium                   103           9,239          5.2%                 90
                                        Malas                           13           1,141          0.6%                 90
                                        Lophopetallum/Perupok            8             709          0.4%                 90
                                        Grey Canarium                   97           8,718          4.9%                 90
                                        Erima                           56           5,003          2.8%                 90
                                        Calophyllum                    819          90,137         41.6%                110

Report Number 15:   Page 2 of 4 pages                                                                        15- 2

Page 78 screenshot
Field163:
REPORT - Log Export Volumes and Prices by Destination and Grade for Group 1 Species, for December/2021     Continued


                                                                  Volume            FOB        Per Cent       Ave FOB
Destination          Log Grade          Species                       m3             US$      by Volume        US$/m3

                                    Red Planchonella                      1             95          0.1%                90
                     Total/Mean for Saw/Veneer                        1,970        208,194        100.0%               106
                     Per Cent of Grand Total                           0.9%            0.9%

Total/Mean for Malaysia                                              1,970        208,194        100.0%                106
Per Cent of Grand Total                                              0.9%            0.9%

South Korea
                     Saw/Veneer
                                    Dillenia                          3,059        275,277         52.1%                90
                                    Malas                             2,133        191,968         36.4%                90
                                    Burckella                           183         16,441          3.1%                90
                                    Taun                                493         54,253          8.4%               110
                     Total/Mean for Saw/Veneer                        5,868        537,940        100.0%                92
                     Per Cent of Grand Total                           2.8%            2.2%

Total/Mean for South Korea                                           5,868        537,940        100.0%                 92
Per Cent of Grand Total                                              2.8%            2.2%

Taiwan
                     Saw/Veneer
                                    Red Canarium                        220         19,791          7.1%                90
                                    Terminalia                          200         18,041          6.5%                90
                                    PNG Mersawa                       1,989        218,803         64.0%               110
                                    Pencil Cedar                        209         22,986          6.7%               110
                                    Dillenia                            437         39,366         14.1%                90
                                    Burckella                            50          4,527          1.6%                90
                     Total/Mean for Saw/Veneer                        3,106        323,513        100.0%               104
                     Per Cent of Grand Total                           1.5%            1.3%

Total/Mean for Taiwan                                                3,106        323,513        100.0%                104
Per Cent of Grand Total                                              1.5%            1.3%

Vietnam
                     Low grade
                                        Taun                            33           2,002          4.8%                60
                                        Red Canarium                     4             220          0.5%                60
                                        PNG Walnut                      13             791          1.9%                60
                                        PNG Mersawa                     19           1,151          2.8%                60
                                        Pencil Cedar                     6             381          0.9%                60
                                        Malas                          258          15,507         37.2%                60
                                        Dillenia                       261          15,630         37.5%                60
                                        Terminalia                       3             199          0.5%                60

Report Number 15:   Page 3 of 4 pages                                                                       15- 3

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Field163:
REPORT - Log Export Volumes and Prices by Destination and Grade for Group 1 Species, for December/2021     Continued


                                                                  Volume            FOB        Per Cent       Ave FOB
Destination          Log Grade          Species                       m3             US$      by Volume        US$/m3

                                    Burckella                           97           5,799         13.9%                60
                     Total/Mean for Low grade                          695          41,681        100.0%                60
                     Per Cent of Grand Total                           0.3%            0.2%

Total/Mean for Vietnam                                                 695         41,681        100.0%                 60
Per Cent of Grand Total                                              0.3%            0.2%

             Grand Total:                                         211,306      24,013,419                              114




Report Number 15:   Page 4 of 4 pages                                                                       15- 4

Page 80 screenshot
 Field2:
   Monthly Discrepancy Report for Shipments Exported
                 during December / 2021
Date printed: 30/01/2022 11:28:51 am



The following is a list of discrepancies found as a result of detection of 'undeclared' logs in the export stacks
and also logs with mis-identified species, for each shipment of logs exported during the month. Each
discrepancy is evaluated for its economic impact in terms of revenue which would have been effectively lost to
Papua New Guinea had the discrepancy not been detected.

A) Discrepancies by Shipment
 SGS Reference Number :                    26127                              PNGFA Permit Number :         2111001
 Ship Name :                               Bao Neng                           Shipped Volume :              13973.431
 Exporting Company :                       Cakara Alam (PNG) Ltd              Export Date :                 29/12/2021
 Project :                                 East Arawe TP (11455)              Inspection Report Date :      15/02/2022

Discrepancy Type                                         ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                         Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Undeclared Logs noted at Loading                                 5        3   110.00        890         41      1,906        572
Shipment Total                                                   5       3    110.00        890         41      1,906        572


 SGS Reference Number :                    26175                               PNGFA Permit Number :        2111099
 Ship Name :                               Yamtai                              Shipped Volume :             3696.292
 Exporting Company :                       PJ Plantation Limited               Export Date :                31/12/2021
 Project :                                 Idam-Saiwi Inter Agri Proj (FCA 710 Inspection Report Date :     10/12/2021

Discrepancy Type                                         ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                         Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                               9        3    86.77
Misidentified
Shipment Total                                                     9    3      86.77


 SGS Reference Number :                    26195                              PNGFA Permit Number :         2111143
 Ship Name :                               Lucky Star                         Shipped Volume :              5001.446
 Exporting Company :                       Reach Niugini Construction         Export Date :                 20/12/2021
 Project :                                 Gara Modewa TRP (TP 10406)         Inspection Report Date :      20/01/2022

Discrepancy Type                                         ---- Discrepant---- Avg Price   ----------- Value to PNG (K) ------------
                                                         Volume Pieces (USD FOB)         Duty        Levy      Forex    Co. Tax
Undeclared Logs noted at Loading                                31      12     76.61     3,234         246      8,061      2,418
Shipment Total                                                  31      12     76.61     3,234         246      8,061      2,418




Report Number 16:      Page 1 of 2 pages                                                                               16- 1

Page 81 screenshot
 SGS Reference Number :                 26202                          PNGFA Permit Number :                    2112011
 Ship Name :                            Bao Teng                       Shipped Volume :                         4230.929
 Exporting Company :                    Joinland Management (PNG) Ltd  Export Date :                            21/12/2021
 Project :                              Kamdaru-Siaman-Lamasa (TP 16-3 Inspection Report Date :                 19/01/2022

Discrepancy Type                                      ---- Discrepant---- Avg Price         ----------- Value to PNG (K) ------------
                                                      Volume Pieces (USD FOB)               Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                           13       5    100.39
Misidentified
Shipment Total                                               13            5     100.39


 SGS Reference Number :                 26209                                PNGFA Permit Number :              2112022
 Ship Name :                            Bao Teng                             Shipped Volume :                   5054.376
 Exporting Company :                    Millionplus Corporation Ltd          Export Date :                      21/12/2021
 Project :                              Konoagil Inter.Agri.Proj. (FCA 71603 Inspection Report Date :           19/01/2022

Discrepancy Type                                      ---- Discrepant---- Avg Price         ----------- Value to PNG (K) ------------
                                                      Volume Pieces (USD FOB)               Duty        Levy      Forex    Co. Tax
Misdeclaration of Species / Specie                            6        1   110.00
Misidentified
Shipment Total                                                6            1     110.00


Total Number of Discrepancies =                                       17
Total Number of Shipments with Discrepancies =                        5



B) Summary by Discrepancy Type

Discrepancy Type                                         -- Discrepant --       Avg Price     -------- Value to PNG (K'000) --------
                                                          Volume Pieces (USD) FOB             Duty       Levy      Forex      Co. Tax
Misdeclaration of Species / Specie                            28           9      97.71
Misidentified
Undeclared Logs noted at Loading                              36           15     81.33            4                   10           3

Month Total                                                   64           24     88.47              4                 10           3




Report Number 16:   Page 2 of 2 pages                                                                                       16- 2

Page 82 screenshot
                                    Shipment Duty Calculation Comparison Summary for December / 2021
Date printed: 30/01/2022 11:29:00 am

Co. Grouping /                         SGS Ref PNGFA        Date    Volume Exported (m3)          FOB Value (Kina)                 FOB Value (USD)                     Levy (Kina)             Duty Payable (K)                     Difference
                                                                                                                                                                                                                  Duty
Exporter
                                       Number     Permit   Exported Invoice SGS Diff.        Invoice    SGS     Difference     Invoice  SGS     Difference     SGS         Paid    Diff.        Invoice    SGS Paid (K)             SGS-Paid


 Co. Grouping:            Amanab Forest Products Ltd
Amanab Forest Products Ltd             26177 211112        20/12/2021 9,521      9,521       8,625,986 8,625,986         2,523,101       2,523,101            76,169       76,169              4,542,998 4,542,998 4,542,998
                                       26178 211112        20/12/2021 3,750      3,750       3,397,110 3,397,110             993,655      993,655             29,997       29,997              1,789,136 1,789,136 1,789,136
                                       26179 211112        20/12/2021 3,751      3,751       3,398,287 3,398,287             993,999      993,999             30,008       30,008              1,789,756 1,789,756 1,789,756

                                Totals for 3 Shipments                  17,022   17,022    15,421,383   15,421,383           4,510,754    4,510,754          136,174      136,174               8,121,889   8,121,889   8,121,889


Totals for Amanab Forest Products Ltd, 3 Shipments                      17,022   17,022    15,421,383   15,421,383           4,510,754    4,510,754          136,174       136,174              8,121,889   8,121,889   8,121,889


 Co. Grouping:            Aset Meriah (PNG) Ltd
Milton Limited                         26166 211110        10/12/2021 4,509      4,509         924,895     924,895           270,532      270,532             36,071       36,071               231,208     231,224     231,208            15
                                       26169 211110        10/12/2021 1,870      1,870         485,786     485,786           142,092      142,092             14,958       14,958               216,692     216,692     216,692
                                       26203 211201        10/12/2021    527       527         151,106     151,106            44,199       44,199              4,214         4,214               69,458      69,457      69,458

                                Totals for 3 Shipments                   6,905    6,905     1,561,787    1,561,787            456,823       456,823           55,244       55,243                 517,358    517,373     517,358            15


Totals for Aset Meriah (PNG) Ltd, 3 Shipments                            6,905    6,905     1,561,787    1,561,787            456,823       456,823           55,244        55,243                517,358    517,373     517,358            15


 Co. Grouping:            Bismarck Industries Ltd
Bismarck Industries Ltd                26167 211110        02/12/2021 4,041      4,041       1,275,154 1,275,154             372,983      372,983             32,328       32,326          2    598,521     598,586     598,521            64

                                Totals for 1 Shipments                   4,041    4,041     1,275,154    1,275,154            372,983       372,983           32,328       32,326          2      598,521    598,586     598,521            64


Totals for Bismarck Industries Ltd, 1 Shipments                          4,041    4,041     1,275,154    1,275,154            372,983       372,983           32,328        32,326         2      598,521    598,586     598,521            64




 17- 1                                                                                                                                                                                Report Number 17:         Page 1 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                             Continued

Co. Grouping /                         SGS Ref PNGFA          Date       Volume Exported (m3)         FOB Value (Kina)                  FOB Value (USD)                    Levy (Kina)             Duty Payable (K)                     Difference
                                                                                                                                                                                                                        Duty
Exporter
                                       Number      Permit   Exported Invoice       SGS Diff.     Invoice    SGS     Difference       Invoice SGS    Difference          SGS      Paid Diff.         Invoice      SGS Paid (K)           SGS-Paid


 Co. Grouping:             Cakara Alam (PNG) Ltd
Cakara Alam (PNG) Ltd                  26107 211007         01/12/2021 6,885       6,885        2,220,810 2,220,810                649,587      649,587                55,082    55,082            1,050,026 1,050,026 1,050,026
                                       26108 211008         15/12/2021 2,911       2,911          547,315      547,315             160,090      160,090                23,286    23,286             136,829     136,829     136,829
                                       26125 211100         15/12/2021 6,305       6,307   2    2,034,692 2,035,136       444      595,147      595,277       130      50,459    50,443       16    957,800     957,993     957,800           193
                                       26126 211100         24/12/2021 5,720       5,720        1,983,630 1,983,630                580,212      580,212                45,763    45,762             958,191     958,190     958,191
                                       26127 211100         29/12/2021 13,973     13,973        4,497,841 4,498,105       264     1,315,618    1,315,696        77    111,787   111,787            2,164,077 2,164,254 2,164,077              178
                                       26149 211104         24/12/2021 2,347       2,347          443,227      441,394 (1,833)     129,644      129,108       (536)    18,779    18,779             112,125     110,349     112,125        (1,777)
                                       26163 211109         01/12/2021 2,701       2,701          503,596      503,596             148,561      148,561                21,609    21,609             126,975     125,899     126,975        (1,076)
                                       26188 211113         29/12/2021 4,919       4,919        1,570,203 1,640,318 70,114         459,285      479,793     20,508     39,350    39,350             755,285     794,443     755,285       39,159
                                       26201 211201         29/12/2021 2,057       2,057          386,867      386,867             113,159      113,159                16,459    16,459              96,717      96,717      96,717
                                       26249 211208         29/12/2021 3,272       3,272        1,097,773 1,097,773                321,099      321,099                26,177    26,177             535,316     535,316     535,316

                                Totals for 10 Shipments                  51,092   51,094   2 15,285,955     15,354,945   68,990    4,472,401    4,492,580    20,180   408,751   408,735    16       6,893,340   6,930,016   6,893,340       36,676


Tzen Niugini Ltd                       26151 211106         13/12/2021 1,951       1,951          617,083      617,083             180,497      180,497                15,610    15,610             299,072     299,072     299,072
                                       26152 211107         13/12/2021 1,544       1,544          484,107      484,107             141,601      141,601                12,351    12,351             234,829     234,829     234,829
                                       26158 211106         13/12/2021 5,136       5,136        1,611,034 1,611,034                471,227      471,227                41,084    41,084             778,949     778,949     778,949
                                       26222 211203         21/12/2021 3,119       3,119          955,768      955,768             279,562      279,562                24,949    24,949             450,766     450,765     450,766
                                       26226 211205         21/12/2021     790      790           254,799      254,799              74,529       74,529                 6,320     6,320             122,963     122,963     122,963
                                       26227 211205         21/12/2021 1,392       1,392          484,803      484,803             141,805      141,805                11,138    11,138             242,501     242,501     242,501

                                Totals for 6 Shipments                   13,932   13,932        4,407,594    4,407,594             1,289,221    1,289,221             111,453   111,453             2,129,080   2,129,080   2,129,080


Totals for Cakara Alam (PNG) Ltd, 16 Shipments                           65,023   65,025   2 19,693,548     19,762,539   68,990    5,761,622    5,781,802    20,180   520,204   520,187       16    9,022,419   9,059,096   9,022,419       36,676


 Co. Grouping:             Continental Alliance Ltd
Continental Alliance Ltd               26145 211009         01/12/2021 1,029       1,029          284,135      284,135              83,109       83,109                 8,231     8,231             114,352     114,352     114,352

                                Totals for 1 Shipments                    1,029    1,029         284,135      284,135                 83,109       83,109               8,231     8,231               114,352    114,352     114,352


Totals for Continental Alliance Ltd, 1 Shipments                          1,029    1,029         284,135      284,135                 83,109       83,109               8,231     8,231               114,352    114,352     114,352




 17- 2                                                                                                                                                                                    Report Number 17:         Page 2 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                            Continued

Co. Grouping /                        SGS Ref PNGFA          Date       Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)            Duty Payable (K)                     Difference
                                                                                                                                                                                                               Duty
Exporter
                                      Number      Permit   Exported Invoice      SGS Diff.      Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.        Invoice      SGS Paid (K)           SGS-Paid


 Co. Grouping:            CS Boss International Ltd
Stettin Bay Lumber Co. Ltd            26181 211112         19/12/2021 3,457      3,457         1,077,821 1,077,821              315,263     315,263            27,654    27,654            496,118     496,118     496,118
                                      26182 211114         19/12/2021 1,461      1,461           441,280     441,280            129,074     129,074            11,685    11,685            198,141     198,141     198,141
                                      26229 211201         30/12/2021     711      711           133,735     133,735             39,118      39,118             5,690     5,690             33,434      33,434      33,434
                                      26233 211201         30/12/2021 8,551      8,551         2,747,657 2,747,657              803,690     803,690            68,411    68,411           1,306,243 1,306,243 1,306,243

                                Totals for 4 Shipments                  14,180   14,180        4,400,493   4,400,493            1,287,144   1,287,144         113,440   113,440            2,033,936   2,033,936   2,033,936


Totals for CS Boss International Ltd, 4 Shipments                       14,180   14,180        4,400,493   4,400,493            1,287,144   1,287,144         113,440   113,440            2,033,936   2,033,936   2,033,936


 Co. Grouping:            East Papua Timber Resources Ltd
East Papua Timber Resources           26150 211106         20/12/2021     348      348           310,457     310,457             86,928      86,928                 0        0                    0           0           0
Ltd

                                Totals for 1 Shipments                    348      348          310,457     310,457               86,928      86,928               0         0                    0           0           0


Totals for East Papua Timber Resources Ltd, 1 Shipments                   348      348          310,457     310,457               86,928      86,928                0         0                   0           0            0


 Co. Grouping:            Everwin Enterprises Ltd
Everwin Enterprises Ltd               26187 211113         21/12/2021 6,691      6,691         2,055,102 2,055,102              601,117     601,117            53,531    53,525       6    978,110     920,279     978,110      (57,832)

                                Totals for 1 Shipments                   6,691    6,691        2,055,102   2,055,102             601,117     601,117           53,531    53,525       6      978,110    920,279     978,110       (57,832)


Totals for Everwin Enterprises Ltd, 1 Shipments                          6,691    6,691        2,055,102   2,055,102             601,117     601,117           53,531    53,525       6      978,110    920,279     978,110       (57,832)


 Co. Grouping:            GL Niugini Pty Ltd
GL Niugini Pty Ltd                    26180 211109         20/12/2021 4,202      4,202         1,128,079 1,128,079              329,963     329,963            33,616    33,616            514,841     514,841     514,841
                                      26198 211114         23/12/2021 2,106      2,106           562,438     562,438            164,513     164,513            16,845    16,845            256,031     256,031     256,031

                                Totals for 2 Shipments                   6,308    6,308        1,690,518   1,690,518             494,476     494,476           50,461    50,461              770,872    770,872     770,872


Totals for GL Niugini Pty Ltd, 2 Shipments                               6,308    6,308        1,690,518   1,690,518             494,476     494,476           50,461    50,461              770,872    770,872     770,872




 17- 3                                                                                                                                                                            Report Number 17:        Page 3 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                       Continued

Co. Grouping /                        SGS Ref PNGFA        Date    Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)             Duty Payable (K)                     Difference
                                                                                                                                                                                                           Duty
Exporter
                                      Number    Permit   Exported Invoice     SGS Diff.    Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.         Invoice      SGS Paid (K)           SGS-Paid


 Co. Grouping:            Golden Rise Investment Ltd
Golden Rise Investment Ltd            26160 211108       04/12/2021 5,571     5,571       2,134,473 2,134,473              624,333      624,333           44,567    44,567            1,080,710 1,080,710 1,080,710
                                      26221 211203       23/12/2021 4,392     4,392       1,128,308 1,128,308              330,030      330,030           35,137    35,137             455,599     455,599     455,599

                                Totals for 2 Shipments               9,963    9,963       3,262,781   3,262,781             954,364       954,364         79,704    79,704             1,536,309   1,536,309   1,536,309


Totals for Golden Rise Investment Ltd, 2 Shipments                   9,963    9,963       3,262,781   3,262,781             954,364       954,364         79,704    79,704             1,536,309   1,536,309   1,536,309


 Co. Grouping:            Green Point Limited
Green Point Limited                   26170 211108       27/12/2021 5,489     5,489       1,700,939 1,700,939              497,525      497,525           43,913    43,699   214       808,218     811,468     808,218         3,250
                                      26171 211108       27/12/2021 2,196     2,196         730,878     730,878            213,782      213,782           17,571    17,546       25    349,816     350,193     349,816           377

                                Totals for 2 Shipments               7,685    7,685       2,431,816   2,431,816             711,306       711,306         61,483    61,245   238       1,158,034   1,161,660   1,158,034        3,626


Totals for Green Point Limited, 2 Shipments                          7,685    7,685       2,431,816   2,431,816             711,306       711,306         61,483    61,245   238       1,158,034   1,161,660   1,158,034        3,626


 Co. Grouping:            IFL Investment Ltd
IFL Investment Ltd                    26148 211104       07/12/2021 15,113   15,113       4,594,991 4,594,991          1,344,035       1,344,035         120,903   120,903            2,050,823 2,050,823 2,050,823

                                Totals for 1 Shipments              15,113   15,113       4,594,991   4,594,991            1,344,035    1,344,035        120,903   120,903             2,050,823   2,050,823   2,050,823


Totals for IFL Investment Ltd, 1 Shipments                          15,113   15,113       4,594,991   4,594,991            1,344,035    1,344,035        120,903   120,903             2,050,823   2,050,823   2,050,823


 Co. Grouping:            Joinland Management (PNG) Ltd
Joinland Management (PNG) Ltd 26202 211201               21/12/2021 4,231     4,231       1,617,913 1,617,913              473,239      473,239           33,847    33,847             824,626     824,626     824,626

                                Totals for 1 Shipments               4,231    4,231       1,617,913   1,617,913             473,239       473,239         33,847    33,847               824,626    824,626     824,626


Totals for Joinland Management (PNG) Ltd, 1 Shipments                4,231    4,231       1,617,913   1,617,913             473,239       473,239         33,847    33,847               824,626    824,626     824,626


 Co. Grouping:            KK Connections Ltd
KK Connections Ltd                    26117 211101       02/12/2021 5,816     5,816       1,680,532 1,680,532              491,556      491,556           46,525    46,525             754,844     754,844     754,844
                                      26143 211104       20/12/2021 4,363     4,363       1,112,680 1,112,680              325,459      325,459           34,903    34,903             459,312     459,312     459,312

 17- 4                                                                                                                                                                       Report Number 17:         Page 4 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                            Continued

Co. Grouping /                           SGS Ref PNGFA       Date       Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)              Duty Payable (K)                     Difference
                                                                                                                                                                                                                 Duty
Exporter
                                         Number   Permit   Exported Invoice       SGS Diff.     Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.          Invoice      SGS Paid (K)           SGS-Paid

KK Connections Ltd                       26161 211108      11/12/2021 5,076       5,076        1,439,146 1,439,146              420,950     420,950            40,608    40,608              642,310     642,310     642,310

                                Totals for 3 Shipments                  15,254   15,254        4,232,358    4,232,358           1,237,965   1,237,965         122,035   122,035              1,856,467   1,856,467   1,856,467


KL Connections Ltd                       26157 211107      20/12/2021 7,615       7,615        2,102,877 2,102,877              615,091     615,091            60,923    60,923              930,304     930,304     930,304

                                Totals for 1 Shipments                   7,615    7,615        2,102,877    2,102,877            615,091     615,091           60,923    60,923                930,304    930,304     930,304


Super Green Ltd                          26144 211104      20/12/2021 6,382       6,382        2,287,174 2,287,174              668,998     668,998            51,058    51,058             1,123,288 1,123,288 1,123,288
                                         26231 211206      20/12/2021     869      869           403,665      403,665           118,072     118,072             6,952     6,960       (8)    202,463     202,519     202,463            56

                                Totals for 2 Shipments                   7,251    7,251        2,690,840    2,690,840            787,071     787,071           58,010    58,018       (8)    1,325,750   1,325,806   1,325,750           56


Totals for KK Connections Ltd, 6 Shipments                              30,121   30,121        9,026,075    9,026,074           2,640,127   2,640,127         240,969   240,977       (8)    4,112,521   4,112,577   4,112,521           56


 Co. Grouping:            Lucky Logging Limited
Wasu Resource Ltd                        26243 211207      29/12/2021 10,007     10,007        2,704,022 2,704,022              790,926     790,926            80,060    80,060             1,237,429 1,052,667 1,237,429 (184,762)

                                Totals for 1 Shipments                  10,007   10,007        2,704,022    2,704,022            790,926     790,926           80,060    80,060              1,237,429   1,052,667   1,237,429     (184,762)


Totals for Lucky Logging Limited, 1 Shipments                           10,007   10,007        2,704,022    2,704,022            790,926     790,926           80,060    80,060              1,237,429   1,052,667   1,237,429     (184,762)


 Co. Grouping:            Milton Limited
Milton Limtied                           26190 211114      16/12/2021 2,940       2,940          603,065      603,065           176,396     176,396            23,520    23,520              259,298     150,766     259,298 (108,532)
                                         26197 211203      16/12/2021     868      868           240,074      240,074            70,222      70,222             6,946     6,946              109,207     109,206     109,207

                                Totals for 2 Shipments                   3,808    3,808         843,139      843,139             246,618     246,618           30,465    30,465                368,504    259,973     368,504      (108,532)


Totals for Milton Limited, 2 Shipments                                   3,808    3,808         843,139      843,139             246,618     246,618           30,465    30,465                368,504    259,973     368,504      (108,532)


 Co. Grouping:            Open Bay Timber Ltd
Open Bay Timber Ltd                      26183 211113      18/12/2021 1,600       1,600          298,176      298,176            87,216      87,216                 0        0                      0           0           0
                                         26184 211113      18/12/2021 1,022       1,022          450,903      450,903           131,889     131,889                 0        0                      0           0           0
                                         26185 211112      18/12/2021      11       11              2,096        2,096              613         613                 0        0                      0           0           0


 17- 5                                                                                                                                                                            Report Number 17:          Page 5 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                          Continued

Co. Grouping /                        SGS Ref PNGFA        Date       Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)              Levy (Kina)             Duty Payable (K)                     Difference
                                                                                                                                                                                                             Duty
Exporter
                                      Number    Permit   Exported Invoice       SGS Diff.     Invoice    SGS     Difference     Invoice SGS    Difference    SGS      Paid Diff.         Invoice      SGS Paid (K)           SGS-Paid

Open Bay Timber Ltd                   26186 211113       18/12/2021 3,861       3,861        1,322,343 1,322,343              386,785      386,785               0       0                      0           0           0

                                Totals for 4 Shipments                 6,495    6,495        2,073,518    2,073,518             606,504      606,504            0        0                      0           0           0


Totals for Open Bay Timber Ltd, 4 Shipments                            6,495    6,495        2,073,518    2,073,518             606,504      606,504             0        0                     0           0            0


 Co. Grouping:            PJ Plantation Limited
PJ Plantation Limited                 26175 211109       31/12/2021 3,696       3,696        2,420,272 2,420,272              707,930      707,930          29,570   29,570             1,246,618 1,246,802 1,246,618              184

                                Totals for 1 Shipments                 3,696    3,696        2,420,272    2,420,272             707,930      707,930        29,570   29,570              1,246,618   1,246,802   1,246,618          184


Totals for PJ Plantation Limited, 1 Shipments                          3,696    3,696        2,420,272    2,420,272             707,930      707,930        29,570   29,570              1,246,618   1,246,802   1,246,618          184


 Co. Grouping:            PL Connection Ltd
PL Connection Ltd                     26204 211200       17/12/2021 3,273       3,274   1    1,047,593 1,047,717       124    306,421      306,457     36   26,190   26,138        52    506,679     506,636     506,679           (43)

                                Totals for 1 Shipments                 3,273    3,274   1    1,047,593    1,047,717    124      306,421      306,457   36   26,190   26,138    52          506,679    506,636     506,679           (43)


Totals for PL Connection Ltd, 1 Shipments                              3,273    3,274   1    1,047,593    1,047,717    124      306,421      306,457   36   26,190   26,138        52      506,679    506,636     506,679           (43)


 Co. Grouping:            Reach Niugini Construction
Reach Niugini Construction            26195 211114       20/12/2021 5,001       5,001        1,454,340 1,454,340              425,394      425,394          40,012   40,012              665,922     665,922     665,922

                                Totals for 1 Shipments                 5,001    5,001        1,454,340    1,454,340             425,394      425,394        40,012   40,012                665,922    665,922     665,922


Totals for Reach Niugini Construction, 1 Shipments                     5,001    5,001        1,454,340    1,454,340             425,394      425,394        40,012   40,012                665,922    665,922     665,922


 Co. Grouping:            Rimbunan Hijau (PNG) Ltd
Niugini Lumber Merchants Ltd          26055 211001       01/12/2021     446      446             76,245       76,245           22,302       22,302           3,568    3,568               19,061      19,061      19,061
                                      26132 211100       12/12/2021 10,838     10,838        3,394,322 3,394,322             1,001,325    1,001,325         86,706   86,706             1,619,795 1,606,068 1,619,795         (13,727)
                                      26133 211100       23/12/2021 5,022       5,022        1,615,239 1,615,239              472,458      472,458          40,178   40,178              771,016     771,016     771,016
                                      26162 211106       12/12/2021     704      704           120,299      120,299            35,187       35,187           5,630    5,630               30,075      30,075      30,075
                                      26191 211113       24/12/2021 2,195       2,195          640,610      640,610           187,378      187,378          17,558   17,558              286,739     286,739     286,739


 17- 6                                                                                                                                                                        Report Number 17:          Page 6 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                           Continued

Co. Grouping /                        SGS Ref PNGFA         Date       Volume Exported (m3)         FOB Value (Kina)                FOB Value (USD)               Levy (Kina)              Duty Payable (K)                     Difference
                                                                                                                                                                                                                Duty
Exporter
                                      Number     Permit   Exported Invoice       SGS Diff.     Invoice    SGS     Difference     Invoice SGS    Difference     SGS      Paid Diff.          Invoice      SGS Paid (K)           SGS-Paid

Niugini Lumber Merchants Ltd          26211 211200        23/12/2021     220      220             41,364       41,364           12,099       12,099            1,760     1,760               10,341      10,341      10,341

                                Totals for 6 Shipments                 19,425   19,425        5,888,080    5,888,080           1,730,749    1,730,749        155,400   155,400              2,737,027   2,723,300   2,737,027      (13,727)


Totals for Rimbunan Hijau (PNG) Ltd, 6 Shipments                       19,425   19,425        5,888,080    5,888,080           1,730,749    1,730,749        155,400   155,400              2,737,027   2,723,300   2,737,027      (13,727)


 Co. Grouping:            Samas Ltd
Samas Ltd                             26208 211202        30/12/2021 1,614       1,614          331,046      331,046            96,831       96,831           12,911    12,912       (1)     82,762      82,762      82,762

                                Totals for 1 Shipments                  1,614    1,614         331,046      331,046              96,831        96,831         12,911    12,912       (1)       82,762     82,762      82,762


Totals for Samas Ltd, 1 Shipments                                       1,614    1,614         331,046      331,046              96,831        96,831         12,911    12,912       (1)       82,762     82,762       82,762


 Co. Grouping:            Summit Agriculture Ltd
Summit Agriculture Ltd                26146 211008        01/12/2021 1,888       1,888          523,608      523,608           153,155      153,155           15,106    15,106              208,849     208,849     208,849
                                      26147 211008        01/12/2021 2,090       2,090          555,992      555,992           162,628      162,628           16,717    16,717              215,136     215,136     215,136

                                Totals for 2 Shipments                  3,978    3,978        1,079,600    1,079,600            315,783       315,783         31,823    31,823                423,985    423,985     423,985


Totals for Summit Agriculture Ltd, 2 Shipments                          3,978    3,978        1,079,600    1,079,600            315,783       315,783         31,823    31,823                423,985    423,985     423,985


 Co. Grouping:            Tutuman Development Ltd
Millionplus Corporation Ltd           26209 211202        21/12/2021 5,054       5,054        1,608,107 1,608,107              470,371      470,371           40,435    40,435              736,452     736,452     736,452

                                Totals for 1 Shipments                  5,054    5,054        1,608,107    1,608,107            470,371       470,371         40,435    40,435                736,452    736,452     736,452


Totals for Tutuman Development Ltd, 1 Shipments                         5,054    5,054        1,608,107    1,608,107            470,371       470,371         40,435    40,435                736,452    736,452     736,452


 Co. Grouping:            Vanimo Jaya Ltd
Vanimo Jaya Ltd                       26119 211008        07/12/2021 15,512     15,512        4,390,234 4,390,234          1,284,143       1,284,143         124,095   124,095             2,062,140 2,062,140 2,062,140
                                      26168 211110        09/12/2021 5,022       5,022        1,536,679 1,536,679              449,478      449,478           40,177    40,177              724,944     724,944     724,944
                                      26200 211200        22/12/2021 5,811       5,811        1,645,102 1,645,102              481,192      481,192           46,489    46,489              761,493     761,493     761,493




 17- 7                                                                                                                                                                           Report Number 17:          Page 7 of 8 pages

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Report: Shipment Duty Calculation Comparison Summary for December / 2021                      Continued

Co. Grouping /                       SGS Ref PNGFA        Date    Volume Exported (m3)         FOB Value (Kina)                 FOB Value (USD)                     Levy (Kina)              Duty Payable (K)                     Difference
                                                                                                                                                                                                                  Duty
Exporter
                                     Number    Permit   Exported Invoice    SGS Diff.     Invoice    SGS     Difference      Invoice SGS    Difference           SGS      Paid Diff.          Invoice      SGS Paid (K)           SGS-Paid


                               Totals for 3 Shipments             26,345    26,345       7,572,015   7,572,015             2,214,814    2,214,814             210,761     210,761             3,548,577   3,548,577   3,548,577


Totals for Vanimo Jaya Ltd, 3 Shipments                           26,345    26,345       7,572,015   7,572,015             2,214,814    2,214,814             210,761     210,761             3,548,577   3,548,577   3,548,577


 Co. Grouping:            Viva Success Ltd
Viva Success Ltd                     26110 211008       10/12/2021 8,660    8,660         2,376,420 2,376,420              695,103      695,103                 69,278     69,278             982,355     982,355     982,355
                                     26199 211110       10/12/2021 4,515    4,515         2,640,254 2,640,254              772,274      772,274                 36,118     36,118            1,353,607 1,353,607 1,353,607

                               Totals for 2 Shipments             13,174    13,174       5,016,674   5,016,674             1,467,377    1,467,377             105,396     105,396             2,335,962   2,335,962   2,335,962


Totals for Viva Success Ltd, 2 Shipments                          13,174    13,174       5,016,674   5,016,674             1,467,377    1,467,377             105,396     105,396             2,335,962   2,335,962   2,335,962


 Co. Grouping:            Woodbank Pacific Ltd
Woodbank Pacific Ltd                 26172 211109       11/12/2021 6,489    6,489         1,915,347 1,915,956     609      560,239      560,417      178        51,915     51,935     (20)    881,478     881,924     881,478           446
                                     26196 211114       14/12/2021 3,002    3,002         2,719,646 2,719,646              795,496      795,496                 24,015     24,015            1,432,340 1,432,340 1,432,340

                               Totals for 2 Shipments              9,491     9,491       4,634,992   4,635,602     609     1,355,735    1,355,914     178      75,930      75,950    (20)     2,313,817   2,314,263   2,313,817          446


Totals for Woodbank Pacific Ltd, 2 Shipments                       9,491     9,491       4,634,992   4,635,602     609     1,355,735    1,355,914     178      75,930      75,950     (20)    2,313,817   2,314,263   2,313,817          446


Totals for December / 2021, 71 Shipments                         300,024   300,027   3 104,299,549 104,369,274   69,724   30,513,482   30,533,877   20,394   2,345,471   2,345,184   287     48,043,507 47,719,680 48,043,507       (323,827)




 17- 8                                                                                                                                                                               Report Number 17:        Page 8 of 8 pages

Page 90 screenshot
      Revenue, Banking, Document and Shipment Details for Log Exports
             by Exporting Company, Project Site and Shipment
                            for December/2021
  Report Printed: Sunday, 30 January 2022


Exporter and IPA Code Number
    Site Code
                  Export     PNGFA Bank                       LC Number/            Bill of      Invoice                SGS       Invoice        SGS          Invoice Exch.
                  Date       Permit                           T/T Remittance        Lading No.   Number                Vol m3      Vol m3      FOB USD       FOB USD Rate

Amanab Forest Products Ltd ; IPA Code Number:
    Amanab Blocks 1-4 FMA (61001)
                 20/12/2021 2111123   CIMB BANK Kuala Lumpur 413LC1075059TX         AFP10A/21    AFP/ERL/10A/2021     3,749.640    3,749.640      993,655       993,655    .2925
                 20/12/2021 2111124   CIMB BANK Kuala Lumpur LC5TF12040432          AFP10B/21    AFP/ERL/10B/2021     3,750.939    3,750.939      993,999       993,999    .2925
                 20/12/2021 2111122   CIMB BANK Kuala Lumpur LC5TF12034674          AFP10/21     AFP/ERL/10/2021      9,521.136    9,521.136    2,523,101      2,523,101   .2925
    Totals for 'Site Code' = Amanab Blocks 1-4 FMA (61001)                                                          17,021.715 17,021.715      4,510,754     4,510,754
Totals for 'Exporter' = Amanab Forest Products Ltd; IPA Code:                                                       17,021.715 17,021.715      4,510,754     4,510,754


Bismarck Industries Ltd ; IPA Code Number: 1-2966
    Kapuluk Timber Project (11450)
                 02/12/2021 2111105   Kina Bank Ltd- Pom HQ   TT REF:202100426846   BIS-225      BIS-225              4,040.960    4,040.960      372,983       372,983    .2925
    Totals for 'Site Code' = Kapuluk Timber Project (11450)                                                          4,040.960    4,040.960     372,983        372,983



 18- 1                                                                                                                                   Report Number 18:   Page 1 of 10 pages

Page 91 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice              SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number              Vol m3      Vol m3      FOB USD       FOB USD Rate
Totals for 'Exporter' = Bismarck Industries Ltd; IPA Code: 1-2966                                                              4,040.960    4,040.960     372,983        372,983


Cakara Alam (PNG) Ltd ; IPA Code Number: 1-14078
     East Arawe TP (11455)
                    29/12/2021 2111001                               Not Yet Received          EA/09/21      2111001           13,973.431   13,973.431    1,315,696      1,315,618   .2925
     Totals for 'Site Code' = East Arawe TP (11455)                                                                           13,973.431 13,973.431      1,315,696     1,315,618

     Rottock Bay Consolidated (FMA 61402)
                    01/12/2021 2111094                               Not Yet Received          GHM/08//21B   2111094            2,701.106    2,701.106      148,561       148,561    .2950
                    01/12/2021 2110076                               Not Yet Received          GHM/08/21A    2110076            6,885.209    6,885.209      649,587       649,587    .2925
                    15/12/2021 2111009                               Not Yet Received          GHM/08/21C    2111009            6,307.435    6,305.435      595,277       595,147    .2925
                    15/12/2021 2110086DUP                            Not Yet Received          GHM/08/21D    2111086            2,910.721    2,910.721      160,090       160,090    .2925
                    24/12/2021 2111000                               Not Yet Received          WA/07/21-A    2111000            5,720.317    5,720.317      580,212       580,212    .2925
                    24/12/2021 2111046                               Not Yet Received          WS/7/21-B     2111046            2,347.415    2,347.415      129,108       129,644    .2925
                    29/12/2021 2111138                               Not Yet Received          WS/08/21-A    2111138            4,918.705    4,918.705      479,793       459,285    .2925
                    29/12/2021 2112014                               Not Yet Received          WS/08/21-B    2112014            2,057.429    2,057.429      113,159       113,159    .2925
                    29/12/2021 2112085                               Not Yet Received          WS/08/21-C    2112085            3,272.105    3,272.105      321,099       321,099    .2925
     Totals for 'Site Code' = Rottock Bay Consolidated (FMA 61402)                                                            37,120.442 37,118.442      3,176,885     3,156,782
Totals for 'Exporter' = Cakara Alam (PNG) Ltd; IPA Code: 1-14078                                                              51,093.873 51,091.873      4,492,580     4,472,401


Continental Alliance Ltd ; IPA Code Number:
     Wagana Wagasu Large scale (FCA 10-13)
                    01/12/2021 2110090                               Not Yet Received          CAL21/08B     CAL/C21/12/001     1,028.837    1,028.837       83,109        83,109    .2925
     Totals for 'Site Code' = Wagana Wagasu Large scale (FCA 10-13                                                             1,028.837    1,028.837       83,109        83,109
Totals for 'Exporter' = Continental Alliance Ltd; IPA Code:                                                                    1,028.837    1,028.837       83,109        83,109




 18- 2                                                                                                                                             Report Number 18:   Page 2 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of          Invoice           SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.       Number           Vol m3      Vol m3      FOB USD       FOB USD Rate

East Papua Timber Resources Ltd ; IPA Code Number:
     Brown River/Kuriva (10337)
                    20/12/2021 2111063                               Not Yet Received          2203NMTKMAA029   EPRTRL-04/21     347.712      347.712        86,928        86,928    .2800
     Totals for 'Site Code' = Brown River/Kuriva (10337)                                                                        347.712      347.712        86,928        86,928
Totals for 'Exporter' = East Papua Timber Resources Ltd; IPA Code:                                                              347.712      347.712        86,928        86,928


Everwin Enterprises Ltd ; IPA Code Number:
     Morobe Coast TRP (TP 11335) Mopi Camp
                    21/12/2021 2111136                               Not Yet Received          MP-09/21-BL      2111136         6,691.370    6,691.370      601,117       601,117    .2925
     Totals for 'Site Code' = Morobe Coast TRP (TP 11335) Mopi Cam                                                             6,691.370    6,691.370     601,117        601,117
Totals for 'Exporter' = Everwin Enterprises Ltd; IPA Code:                                                                     6,691.370    6,691.370     601,117        601,117


GL Niugini Pty Ltd ; IPA Code Number:
     East Awin (FMA 60101)
                    20/12/2021 2111097                               Not Yet Received          GL21G06          GL00019         4,201.982    4,201.982      329,963       329,963    .2925
                    23/12/2021 2111142                               Not Yet Received          GL21G07          GL00020         2,105.588    2,105.588      164,513       164,513    .2925
     Totals for 'Site Code' = East Awin (FMA 60101)                                                                            6,307.570    6,307.570     494,476        494,476
Totals for 'Exporter' = GL Niugini Pty Ltd; IPA Code:                                                                          6,307.570    6,307.570     494,476        494,476


Golden Rise Investment Ltd ; IPA Code Number:
     Raicoast (11218)
                    04/12/2021 2111083                               Not Yet Received          GRI/03/21        GRI/03/21       5,570.885    5,570.885      624,333       624,333    .2925
                    23/12/2021 2112037                               Not Yet Received          GRI/06/21        GRI/06/21       4,392.136    4,392.136      330,030       330,030    .2925
     Totals for 'Site Code' = Raicoast (11218)                                                                                 9,963.021    9,963.021     954,364        954,364
Totals for 'Exporter' = Golden Rise Investment Ltd; IPA Code:                                                                  9,963.021    9,963.021     954,364        954,364



 18- 3                                                                                                                                             Report Number 18:   Page 3 of 10 pages

Page 93 screenshot
Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice           SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number           Vol m3      Vol m3      FOB USD       FOB USD Rate

Green Point Limited ; IPA Code Number:
     Ania Integrated Agri FCA 15-17
                    27/12/2021 2111085                               Not Yet Received          GPL01/21      GPL21-12001     5,489.066    5,489.066      497,525       497,525    .2925
                    27/12/2021 2111086                               Not Yet Received          GPL01A/21     GPL21-12002     2,196.367    2,196.367      213,782       213,782    .2925
     Totals for 'Site Code' = Ania Integrated Agri FCA 15-17                                                                7,685.433    7,685.433     711,306        711,306
Totals for 'Exporter' = Green Point Limited; IPA Code:                                                                      7,685.433    7,685.433     711,306        711,306


IFL Investment Ltd ; IPA Code Number:
     Bonua Magarida TRP (TP 03-28)
                    07/12/2021 2111044                               Not Yet Received          2M07          IFL-E08/21     15,112.873   15,112.873    1,344,035      1,344,035   .2925
     Totals for 'Site Code' = Bonua Magarida TRP (TP 03-28)                                                                15,112.873 15,112.873      1,344,035     1,344,035
Totals for 'Exporter' = IFL Investment Ltd; IPA Code:                                                                      15,112.873 15,112.873      1,344,035     1,344,035


Joinland Management (PNG) Ltd ; IPA Code Number:
     Kamdaru-Siaman-Lamasa (TP 16-35)
                    21/12/2021 2112011                               Not Yet Received          KRVS/001/21   KPVS/001/21     4,230.929    4,230.929      473,239       473,239    .2925
     Totals for 'Site Code' = Kamdaru-Siaman-Lamasa (TP 16-35)                                                              4,230.929    4,230.929     473,239        473,239
Totals for 'Exporter' = Joinland Management (PNG) Ltd; IPA Code:                                                            4,230.929    4,230.929     473,239        473,239


KK Connections Ltd ; IPA Code Number:
     Seraji EXN TRP PROJ. (TP 11558)
                    20/12/2021 2111048                               Not Yet Received          KS21/11/02    KS21/11/02      4,362.846    4,362.846      325,459       325,459    .2925
     Totals for 'Site Code' = Seraji EXN TRP PROJ. (TP 11558)                                                               4,362.846    4,362.846     325,459        325,459

     Taraiwara(Ext) Agro Reforest.(FCA 71514)
                    02/12/2021 2111012                               Not Yet Received          KP21/11/01    KP21/11/01      5,815.613    5,815.613      491,556       491,556    .2925
                    11/12/2021 2111084                               Not Yet Received          KP21/12/01    KP21/12/01      5,075.944    5,075.944      420,950       420,950    .2925

 18- 4                                                                                                                                          Report Number 18:   Page 4 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice           SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number           Vol m3      Vol m3      FOB USD       FOB USD Rate
     Totals for 'Site Code' = Taraiwara(Ext) Agro Reforest.(FCA 7151                                                       10,891.557 10,891.557       912,506        912,506
Totals for 'Exporter' = KK Connections Ltd; IPA Code:                                                                      15,254.403 15,254.403      1,237,965     1,237,965


KL Connections Ltd ; IPA Code Number:
     Dengnenge 'B' Agro Forestry (FCA 71516)
                    20/12/2021 2111078                               Not Yet Received          KD21/12/01    KD21/12/01      7,615.403    7,615.403      615,091       615,091    .2925
     Totals for 'Site Code' = Dengnenge 'B' Agro Forestry (FCA 71516                                                        7,615.403    7,615.403     615,091        615,091
Totals for 'Exporter' = KL Connections Ltd; IPA Code:                                                                       7,615.403    7,615.403     615,091        615,091


Millionplus Corporation Ltd ; IPA Code Number:
     Konoagil Inter.Agri.Proj. (FCA 71603)
                    21/12/2021 2112022                               Not Yet Received          MPVS/008/21   MPVS/008/21     5,054.376    5,054.376      470,371       470,371    .2925
     Totals for 'Site Code' = Konoagil Inter.Agri.Proj. (FCA 71603)                                                         5,054.376    5,054.376     470,371        470,371
Totals for 'Exporter' = Millionplus Corporation Ltd; IPA Code:                                                              5,054.376    5,054.376     470,371        470,371


Milton Limited ; IPA Code Number:
     Mosaleim TRP (TP 11457)
                    10/12/2021 2111104                               Not Yet Received          ML021A        ML21/08A        4,508.861    4,508.861      270,532       270,532    .2925
                    10/12/2021 2111106                               Not Yet Received          ML021B        ML21/08B        1,869.782    1,869.782      142,092       142,092    .2925
                    10/12/2021 2112019                               Not Yet Received          ML021C        ML21/08C         526.806      526.806        44,199        44,199    .2925
     Totals for 'Site Code' = Mosaleim TRP (TP 11457)                                                                       6,905.449    6,905.449     456,823        456,823
Totals for 'Exporter' = Milton Limited; IPA Code:                                                                           6,905.449    6,905.449     456,823        456,823


Milton Limtied ; IPA Code Number:
     Morevona -Agro Forestry FCA14-03
                    16/12/2021 2112031                               Not Yet Received          MM002B        MM21/02B         868.228      868.228        70,222        70,222    .2925
                    16/12/2021 2111146                               Not Yet Received          MM002A        MM21/02A        2,939.940    2,939.940      176,396       176,396    .2925

 18- 5                                                                                                                                          Report Number 18:   Page 5 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of        Invoice             SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.     Number             Vol m3      Vol m3      FOB USD       FOB USD Rate
     Totals for 'Site Code' = Morevona -Agro Forestry FCA14-03                                                                 3,808.168    3,808.168     246,618        246,618
Totals for 'Exporter' = Milton Limtied; IPA Code:                                                                              3,808.168    3,808.168     246,618        246,618


Niugini Lumber Merchants Ltd ; IPA Code Number:
     Andru Johana (LFA 21410)
                    01/12/2021 2110018                               Not Yet Received          1L03           AJ21-03-A          446.035      446.035        22,302        22,302    .2925
                    23/12/2021 2111007                               Not Yet Received          SA-2101-03B    BAA22-03B         5,022.280    5,022.280      472,458       472,458    .2925
                    23/12/2021 2112002                               Not Yet Received          SA-2101-03A    BAA22-03A          219.982      219.982        12,099        12,099    .2925
     Totals for 'Site Code' = Andru Johana (LFA 21410)                                                                         5,688.297    5,688.297     506,858        506,858

     Awio Amgen (21409)
                    12/12/2021 2111006                               Not Yet Received          SA-2101-02A    BAA22-02A        10,838.279   10,838.279    1,001,325      1,001,325   .2950
                    12/12/2021 2111068                               Not Yet Received          SA-2101-023B   BAA22-02B          703.749      703.749        35,187        35,187    .2925
                    24/12/2021 2111135                               Not Yet Received          21B06          AA-21-03          2,194.704    2,194.704      187,378       187,378    .2925
     Totals for 'Site Code' = Awio Amgen (21409)                                                                              13,736.732 13,736.732      1,223,891     1,223,891
Totals for 'Exporter' = Niugini Lumber Merchants Ltd; IPA Code:                                                               19,425.029 19,425.029      1,730,749     1,730,749


Open Bay Timber Ltd ; IPA Code Number:
     Open Bay Consolidated [Pltn] (11501)
                    18/12/2021 2111131                               Not Yet Received          OBT-2021-07    SFC/V20210007     1,600.301    1,600.301       87,216        87,216    .2925
                    18/12/2021 2111132                               Not Yet Received          OBT-2021-07    SFC/V20210007     3,861.234    3,861.234      386,785       386,785    .2925
                    18/12/2021 2111130                               Not Yet Received          obt-2021-07    SFC/V20210007     1,022.425    1,022.425      131,889       131,889    .2925
                    18/12/2021 2111129                               Not Yet Received          OBT-2021-07    SFC/V2021007        11.248       11.248          613            613    .2925
     Totals for 'Site Code' = Open Bay Consolidated [Pltn] (11501)                                                             6,495.208    6,495.208     606,504        606,504
Totals for 'Exporter' = Open Bay Timber Ltd; IPA Code:                                                                         6,495.208    6,495.208     606,504        606,504




 18- 6                                                                                                                                             Report Number 18:   Page 6 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice          SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number          Vol m3      Vol m3      FOB USD       FOB USD Rate

PJ Plantation Limited ; IPA Code Number:
     Idam-Saiwi Inter Agri Proj (FCA 71009)
                    31/12/2021 2111099                               Not Yet Received          GV-21-07      PJ-2021-007    3,696.292    3,696.292      707,930       707,930    .2925
     Totals for 'Site Code' = Idam-Saiwi Inter Agri Proj (FCA 71009)                                                       3,696.292    3,696.292     707,930        707,930
Totals for 'Exporter' = PJ Plantation Limited; IPA Code:                                                                   3,696.292    3,696.292     707,930        707,930


PL Connection Ltd ; IPA Code Number:
     Suikol Intergrated Agro (FCA 15-13)
                    17/12/2021 2112006                               Not Yet Received          PLC2021/001   PLCL2112/01    3,273.762    3,273.242      306,457       306,421    .2925
     Totals for 'Site Code' = Suikol Intergrated Agro (FCA 15-13)                                                          3,273.762    3,273.242     306,457        306,421
Totals for 'Exporter' = PL Connection Ltd; IPA Code:                                                                       3,273.762    3,273.242     306,457        306,421


Reach Niugini Construction ; IPA Code Number:
     Gara Modewa TRP (TP 10406)
                    20/12/2021 2111143                               Not Yet Received          RNCL12/2021   RNCL12/2021    5,001.446    5,001.446      425,394       425,394    .2925
     Totals for 'Site Code' = Gara Modewa TRP (TP 10406)                                                                   5,001.446    5,001.446     425,394        425,394
Totals for 'Exporter' = Reach Niugini Construction; IPA Code:                                                              5,001.446    5,001.446     425,394        425,394


Samas Ltd ; IPA Code Number:
     Aitape Lumi Consolidated FMA (61003)
                    30/12/2021 2112024                               Not Yet Received          SM10/12/21    SM10/12/21     1,613.851    1,613.851       96,831        96,831    .2925
     Totals for 'Site Code' = Aitape Lumi Consolidated FMA (61003)                                                         1,613.851    1,613.851       96,831        96,831
Totals for 'Exporter' = Samas Ltd; IPA Code:                                                                               1,613.851    1,613.851       96,831        96,831




 18- 7                                                                                                                                         Report Number 18:   Page 7 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of       Invoice               SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.    Number               Vol m3      Vol m3      FOB USD       FOB USD Rate

Stettin Bay Lumber Co. Ltd ; IPA Code Number: 1-898
     Ania Kapiura Consolidated (11452)
                    19/12/2021 2111128                               Not Yet Received          YO-920-A      YO-920-A            3,456.724    3,456.724      315,263       315,263    .2925
                    19/12/2021 2111140                               Not Yet Received          YO-920-B      YO-920-B            1,460.620    1,460.620      129,074       129,074    .2925
                    30/12/2021 2112013                               Not Yet Received          YO-921-A      YO-921-A            8,551.408    8,551.408      803,690       803,690    .2925
                    30/12/2021 2112012                               Not Yet Received          YO-921-B      YO-921-B             711.228      711.228        39,118        39,118    .2925
     Totals for 'Site Code' = Ania Kapiura Consolidated (11452)                                                                14,179.980 14,179.980      1,287,144     1,287,144
Totals for 'Exporter' = Stettin Bay Lumber Co. Ltd; IPA Code: 1-898                                                            14,179.980 14,179.980      1,287,144     1,287,144


Summit Agriculture Ltd ; IPA Code Number:
     Gweinif Wagasu Agro-Forestry (FCA 7101
                    01/12/2021 2110088                               Not Yet Received          SAL21/08D     SAL/C21/12/002      1,888.306    1,888.306      153,155       153,155    .2925
     Totals for 'Site Code' = Gweinif Wagasu Agro-Forestry (FCA 710                                                             1,888.306    1,888.306     153,155        153,155

     Wewak/Turubu (FCA 71103)
                    01/12/2021 2110087                               Not Yet Received          SAL21/08C     SAL/CS21/12/001     2,089.624    2,089.624      162,628       162,628    .2925
     Totals for 'Site Code' = Wewak/Turubu (FCA 71103)                                                                          2,089.624    2,089.624     162,628        162,628
Totals for 'Exporter' = Summit Agriculture Ltd; IPA Code:                                                                       3,977.930    3,977.930     315,783        315,783


Super Green Ltd ; IPA Code Number:
     Ormand Lako TRP Project (TP 10330)
                    20/12/2021 2111047                               Not Yet Received          SGL21/12/01   SGL21/12/01         6,382.300    6,382.300      668,998       668,998    .2925
                    20/12/2021 2112063                               Not Yet Received          SGL21/12/02   SGL21/12/02          868.974      868.974       118,072       118,072    .2925
     Totals for 'Site Code' = Ormand Lako TRP Project (TP 10330)                                                                7,251.274    7,251.274     787,071        787,071
Totals for 'Exporter' = Super Green Ltd; IPA Code:                                                                              7,251.274    7,251.274     787,071        787,071




 18- 8                                                                                                                                              Report Number 18:   Page 8 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of          Invoice              SGS       Invoice        SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.       Number              Vol m3      Vol m3      FOB USD       FOB USD Rate

Tzen Niugini Ltd ; IPA Code Number:
     Cape Offord (TP 11548)
                    13/12/2021 2111069                               Not Yet Received          CML/05/21        2111069            1,951.228    1,951.228      180,497       180,497    .2925
                    21/12/2021 2112051                               Not Yet Received          LC/06/21         2112051             790.032      790.032        74,529        74,529    .2925
     Totals for 'Site Code' = Cape Offord (TP 11548)                                                                              2,741.260    2,741.260     255,025        255,025

     Illi Wawas/Masarau (FCA 71502)
                    13/12/2021 2111064                               Not Yet Received          CML/05/21        2111064            5,135.530    5,135.530      471,227       471,227    .2925
                    13/12/2021 2111070                               Not Yet Received          CML/05/21        CML/05/21          1,543.932    1,543.932      141,601       141,601    .2925
                    21/12/2021 2112033                               Not Yet Received          LC/06/21         2112033            3,118.609    3,118.609      279,562       279,562    .2925
                    21/12/2021 2112052                               Not Yet Received          LC/06/21         2112052            1,392.263    1,392.263      141,805       141,805    .2925
     Totals for 'Site Code' = Illi Wawas/Masarau (FCA 71502)                                                                     11,190.334 11,190.334      1,034,196     1,034,196
Totals for 'Exporter' = Tzen Niugini Ltd; IPA Code:                                                                              13,931.594 13,931.594      1,289,221     1,289,221


Vanimo Jaya Ltd ; IPA Code Number:
     Makapa Timber Area (10109)
                    07/12/2021 2110083                               TT ref:202100417737       MKP/011/2021     MKP/011/2021      15,511.845   15,511.845    1,284,143      1,284,143   .2925
                    09/12/2021 2111102     Kina Bank Ltd- Pom HQ     TT REF:202100426399       MKP/012/2021     MKP/012/2021       5,022.110    5,022.110      449,478       449,478    .2925
                    22/12/2021 2112004                               TT ref:202100441883       MKP/013/2021     MKP/013/2021       5,811.132    5,811.132      481,192       481,192    .2925
     Totals for 'Site Code' = Makapa Timber Area (10109)                                                                         26,345.087 26,345.087      2,214,814     2,214,814
Totals for 'Exporter' = Vanimo Jaya Ltd; IPA Code:                                                                               26,345.087 26,345.087      2,214,814     2,214,814


Viva Success Ltd ; IPA Code Number:
     Central New Ireland (11642)
                    10/12/2021 2110084                               Not Yet Received          VSL/BT/1112/21   VSL/BT/1112/21     8,659.692    8,659.692      695,103       695,103    .2925
                    10/12/2021 2111101                               Not Yet Received          VSL/BT/1313/21   VSL/BT/1313/21     4,514.784    4,514.784      772,274       772,274    .2925
     Totals for 'Site Code' = Central New Ireland (11642)                                                                        13,174.476 13,174.476      1,467,377     1,467,377

 18- 9                                                                                                                                                Report Number 18:   Page 9 of 10 pages

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Report - Log Export Revenues and Volumes and Document Details by Shipment, for December/2021   Continued

Exporter and IPA Code Number
     Site Code
                     Export      PNGFA Bank                          LC Number/                Bill of      Invoice              SGS       Invoice         SGS          Invoice Exch.
                     Date        Permit                              T/T Remittance            Lading No.   Number              Vol m3      Vol m3       FOB USD       FOB USD Rate
Totals for 'Exporter' = Viva Success Ltd; IPA Code:                                                                          13,174.476 13,174.476       1,467,377     1,467,377


Wasu Resource Ltd ; IPA Code Number:
     Wasu Cattle farm (FCA 13-03)
                    29/12/2021 2112071                               Not Yet Received          WS/01/21     WS/01/21          10,007.488   10,007.488       790,926       790,926    .2925
     Totals for 'Site Code' = Wasu Cattle farm (FCA 13-03)                                                                   10,007.488 10,007.488        790,926        790,926
Totals for 'Exporter' = Wasu Resource Ltd; IPA Code:                                                                         10,007.488 10,007.488        790,926        790,926


Woodbank Pacific Ltd ; IPA Code Number:
     Kumil (11222)
                    14/12/2021 2111144                               Not Yet Received          WPL09/21     WPL09/2021         3,001.873    3,001.873       795,496       795,496    .2925
     Totals for 'Site Code' = Kumil (11222)                                                                                   3,001.873    3,001.873      795,496        795,496

     Vanimo Block 3,4 & 5 (TP: 10-11)
                    11/12/2021 2111095                               Not Yet Received          WB02/21      WB/ERL/02/2021     6,489.385    6,489.385       560,417       560,239    .2925
     Totals for 'Site Code' = Vanimo Block 3,4 & 5 (TP: 10-11)                                                                6,489.385    6,489.385      560,417        560,239
Totals for 'Exporter' = Woodbank Pacific Ltd; IPA Code:                                                                       9,491.258    9,491.258     1,355,914     1,355,735



Grand Totals
      Tota                                                                                                                     300,027      300,024     30,533,877    30,513,482




 18- 10                                                                                                                                           Report Number 18:   Page 10 of 10 pages

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Substantial Log Export Permit Discrepancies in Log Volumes Loaded for Export for
December/2021 (discrepancies exceeding 40%, or exceeding 10% and 40 m3)
Report printed: 30/01/2022 11:29:16 am


                                                                                                         SGS Date       Permit                         Species/         Permit Shipped Discrep-
Co. Grouping                         Exporter                       Site                               Ref No. Exported Number Grade                   Group           Vol. (m3) Vol. (m3) ancy (%)

GL Niugini Pty Ltd                   GL Niugini Pty Ltd             East Awin (FMA 60101)                26198     23/12/2021 2111142 Saw/Veneer       Lophopetallum           5      58.802      1076.0
                                                                                                                                                       /Perupok
Green Point Limited                  Green Point Limited            Ania Integrated Agri FCA 15-17         26170   27/12/2021   2111085   Saw/Veneer   Erima                  35 265.062            657.3
CS Boss International Ltd            Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)      26233   30/12/2021   2112013   Saw/Veneer   Dillenia               30 189.737            532.5
GL Niugini Pty Ltd                   GL Niugini Pty Ltd             East Awin (FMA 60101)                  26198   23/12/2021   2111142   Saw/Veneer   Calophyllum            50 294.568            489.1
Aset Meriah (PNG) Ltd                Milton Limited                 Mosaleim TRP (TP 11457)                26203   10/12/2021   2112019   Saw/Veneer   Malas                  15   80.576           437.2
CS Boss International Ltd            Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)      26233   30/12/2021   2112013   Saw/Veneer   Burckella              30 147.241            390.8
Viva Success Ltd                     Viva Success Ltd               Central New Ireland (11642)            26199   10/12/2021   2111101   Saw/Veneer   Dillenia               20   95.185           375.9
Reach Niugini Construction           Reach Niugini Construction     Gara Modewa TRP (TP 10406)             26195   20/12/2021   2111143   Saw/Veneer   Dillenia              100   420.42           320.4
Reach Niugini Construction           Reach Niugini Construction     Gara Modewa TRP (TP 10406)             26195   20/12/2021   2111143   Saw/Veneer   Terminalia             40 167.494            318.7
Green Point Limited                  Green Point Limited            Ania Integrated Agri FCA 15-17         26170   27/12/2021   2111085   Saw/Veneer   Planchonella           65 222.218            241.9
Summit Agriculture Ltd               Summit Agriculture Ltd         Gweinif Wagasu Agro-Forestry (FCA 7101 26146   01/12/2021   2110088   Saw/Veneer   Group 2                50 165.679            231.4
Reach Niugini Construction           Reach Niugini Construction     Gara Modewa TRP (TP 10406)             26195   20/12/2021   2111143   Saw/Veneer   PNG Mersawa           200 654.981            227.5
Rimbunan Hijau (PNG) Ltd             Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)               26133   23/12/2021   2111007   Saw/Veneer   Erima                  10   32.139           221.4
PL Connection Ltd                    PL Connection Ltd              Suikol Intergrated Agro (FCA 15-13)    26204   17/12/2021   2112006   Saw/Veneer   Malas                   4   12.678           217.0
Rimbunan Hijau (PNG) Ltd             Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)               26133   23/12/2021   2111007   Saw/Veneer   Terminalia             50 148.136            196.3
Cakara Alam (PNG) Ltd                Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26249     29/12/2021   2112085   Saw/Veneer   Erima                  50 144.878            189.8
Reach Niugini Construction           Reach Niugini Construction     Gara Modewa TRP (TP 10406)             26195   20/12/2021   2111143   Saw/Veneer   Malas                  10   28.793           187.9
KK Connections Ltd                   Super Green Ltd                Ormand Lako TRP Project (TP 10330)     26231   20/12/2021   2112063   Saw/Veneer   PNG Walnut             25   71.681           186.7
Reach Niugini Construction           Reach Niugini Construction     Gara Modewa TRP (TP 10406)             26195   20/12/2021   2111143   Saw/Veneer   Canarium              110 314.218            185.7
Cakara Alam (PNG) Ltd                Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26249     29/12/2021   2112085   Saw/Veneer   Taun                  400 1141.107           185.3
Green Point Limited                  Green Point Limited            Ania Integrated Agri FCA 15-17         26171   27/12/2021   2111086   Saw/Veneer   Malas                 250 711.307            184.5
Aset Meriah (PNG) Ltd                Milton Limited                 Mosaleim TRP (TP 11457)                26203   10/12/2021   2112019   Saw/Veneer   Taun                   20   56.574           182.9
Aset Meriah (PNG) Ltd                Milton Limited                 Mosaleim TRP (TP 11457)                26169   10/12/2021   2111106   Saw/Veneer   Group 3               240 661.958            175.8


 19- 1                                                                                                                                                            Report Number 19:   Page 1 of 10 pages

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Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021              Continued

                                                                                                      SGS Date       Permit                        Species/         Permit Shipped Discrep-
Co. Grouping                 Exporter                        Site                                   Ref No. Exported Number Grade                  Group           Vol. (m3) Vol. (m3) ancy (%)

Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26188   29/12/2021   2111138   Saw/Veneer     PNG Walnut            20   52.907             164.5
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26126   24/12/2021   2111000   Saw/Veneer     Kwila                 80 202.478              153.1
Bismarck Industries Ltd      Bismarck Industries Ltd         Kapuluk Timber Project (11450)          26167   02/12/2021   2111105   Saw/Veneer     PNG Walnut           100   251.34             151.3
KK Connections Ltd           Super Green Ltd                 Ormand Lako TRP Project (TP 10330)      26231   20/12/2021   2112063   Saw/Veneer     Burckella              3    7.466             148.9
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26107   01/12/2021   2110076   Saw/Veneer     Malas               1000 2476.978             147.7
Reach Niugini Construction   Reach Niugini Construction      Gara Modewa TRP (TP 10406)              26195   20/12/2021   2111143   Saw/Veneer     Taun                  50 121.596              143.2
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26188   29/12/2021   2111138   Saw/Veneer     Canarium              52 125.847              142.0
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd      Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer     Kwila                 30   68.171             127.2
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26249   29/12/2021   2112085   Saw/Veneer     Terminalia            70 158.106              125.9
KK Connections Ltd           Super Green Ltd                 Ormand Lako TRP Project (TP 10330)      26231   20/12/2021   2112063   Saw/Veneer     Kwila                104 234.593              125.6
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd    Awio Amgen (21409)                      26132   12/12/2021   2111006   Saw/Veneer     Kwila                 30   66.697             122.3
GL Niugini Pty Ltd           GL Niugini Pty Ltd              East Awin (FMA 60101)                   26198   23/12/2021   2111142   Saw/Veneer     Canarium              10   21.663             116.6
KK Connections Ltd           Super Green Ltd                 Ormand Lako TRP Project (TP 10330)      26231   20/12/2021   2112063   Saw/Veneer     Lophopetallum          2    4.237             111.9
                                                                                                                                                   /Perupok
Reach Niugini Construction   Reach Niugini Construction      Gara Modewa TRP (TP 10406)              26195   20/12/2021   2111143   Saw/Veneer     Pencil Cedar           50      105.005        110.0
GL Niugini Pty Ltd           GL Niugini Pty Ltd              East Awin (FMA 60101)                   26198   23/12/2021   2111142   Saw/Veneer     Terminalia             10       20.793        107.9
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd    Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer     Planchonella           50      102.801        105.6
KK Connections Ltd           Super Green Ltd                 Ormand Lako TRP Project (TP 10330)      26231   20/12/2021   2112063   Saw/Veneer     Terminalia             34       69.527        104.5
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26188   29/12/2021   2111138   Saw/Veneer     Group 2                30       60.204        100.7
Joinland Management          Joinland Management (PNG) Ltd   Kamdaru-Siaman-Lamasa (TP 16-35)        26202   21/12/2021   2112011   Saw/Veneer     Canarium               68      135.742         99.6
(PNG) Ltd
Reach Niugini Construction   Reach Niugini Construction      Gara Modewa TRP (TP 10406)              26195   20/12/2021   2111143   Saw/Veneer     Kwila                 100      199.536         99.5
Green Point Limited          Green Point Limited             Ania Integrated Agri FCA 15-17          26171   27/12/2021   2111086   Saw/Veneer     Kwila                  40       79.686         99.2
Aset Meriah (PNG) Ltd        Milton Limited                  Mosaleim TRP (TP 11457)                 26169   10/12/2021   2111106   Saw/Veneer     Group 4               400      795.168         98.8
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd    Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer     Group 3               235      466.737         98.6
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd    Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer     Calophyllum            50       97.253         94.5
Aset Meriah (PNG) Ltd        Milton Limited                  Mosaleim TRP (TP 11457)                 26203   10/12/2021   2112019   Saw/Veneer     Group 3                95      179.018         88.4
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd           Rottock Bay Consolidated (FMA 61402)    26107   01/12/2021   2110076   Saw/Veneer     Lophopetallum          20       37.419         87.1
                                                                                                                                                   /Perupok
Green Point Limited          Green Point Limited             Ania Integrated Agri FCA 15-17          26170   27/12/2021 2111085 Saw/Veneer         Burckella             140      261.786         87.0
East Papua Timber            East Papua Timber Resources     Brown River/Kuriva (10337)              26150   20/12/2021 2111063 Plantation diam    Teak (b) tiny         120      222.398         85.3
Resources Ltd                Ltd                                                                                                20 - 29 cm: tiny   small (plntn)
                                                                                                                                small
Green Point Limited          Green Point Limited             Ania Integrated Agri FCA 15-17          26171   27/12/2021 2111086 Saw/Veneer         Erima                  15       27.693         84.6



 19- 2                                                                                                                                                        Report Number 19:    Page 2 of 10 pages

Page 102 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021           Continued

                                                                                                SGS Date       Permit                          Species/          Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                               Ref No. Exported Number Grade                    Group            Vol. (m3) Vol. (m3) ancy (%)

Everwin Enterprises Ltd     Everwin Enterprises Ltd       Morobe Coast TRP (TP 11335) Mopi Cam 26187       21/12/2021 2111136 Saw/Veneer       Canarium                  5          9.1         82.0
Joinland Management         Joinland Management (PNG) Ltd Kamdaru-Siaman-Lamasa (TP 16-35)     26202       21/12/2021 2112011 Saw/Veneer       PNG Walnut               11       19.769         79.7
(PNG) Ltd
Golden Rise Investment      Golden Rise Investment Ltd     Raicoast (11218)                      26221     23/12/2021 2112037 Saw/Veneer       Taun                    423      753.633         78.2
Ltd
KK Connections Ltd          KK Connections Ltd             Seraji EXN TRP PROJ. (TP 11558)       26143     20/12/2021 2111048 Low Grade        Lophopetallum            20       34.914         74.6
                                                                                                                                               /Perupok
KK Connections Ltd          KL Connections Ltd             Dengnenge 'B' Agro Forestry (FCA 71516) 26157   20/12/2021   2111078   Saw/Veneer   Group 3                800    1377.678           72.2
GL Niugini Pty Ltd          GL Niugini Pty Ltd             East Awin (FMA 60101)                   26180   20/12/2021   2111097   Saw/Veneer   Burckella               10       16.93           69.3
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26249      29/12/2021   2112085   Saw/Veneer   Calophyllum            350     592.349           69.2
Aset Meriah (PNG) Ltd       Milton Limited                 Mosaleim TRP (TP 11457)                 26203   10/12/2021   2112019   Saw/Veneer   Planchonella            10      16.825           68.3
Viva Success Ltd            Viva Success Ltd               Central New Ireland (11642)             26110   10/12/2021   2110084   Saw/Veneer   Erima                  120      201.07           67.6
Bismarck Industries Ltd     Bismarck Industries Ltd        Kapuluk Timber Project (11450)          26167   02/12/2021   2111105   Saw/Veneer   Terminalia             100     166.473           66.5
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26107      01/12/2021   2110076   Saw/Veneer   Planchonella            20      32.898           64.5
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26249      29/12/2021   2112085   Saw/Veneer   Pencil Cedar           120     194.707           62.3
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26188      29/12/2021   2111138   Saw/Veneer   Group 4                180     291.077           61.7
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   Group 2                180     288.959           60.5
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26126      24/12/2021   2111000   Saw/Veneer   Dillenia                30      47.647           58.8
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26161   11/12/2021   2111084   Saw/Veneer   PNG Walnut              50      79.204           58.4
GL Niugini Pty Ltd          GL Niugini Pty Ltd             East Awin (FMA 60101)                   26198   23/12/2021   2111142   Saw/Veneer   Group 4                750    1182.769           57.7
Viva Success Ltd            Viva Success Ltd               Central New Ireland (11642)             26199   10/12/2021   2111101   Saw/Veneer   Taun                   500     785.427           57.1
Summit Agriculture Ltd      Summit Agriculture Ltd         Wewak/Turubu (FCA 71103)                26147   01/12/2021   2110087   Saw/Veneer   Group 3                150     235.188           56.8
Green Point Limited         Green Point Limited            Ania Integrated Agri FCA 15-17          26170   27/12/2021   2111085   Saw/Veneer   Canarium               290     452.396           56.0
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   Dillenia               100     155.162           55.2
Green Point Limited         Green Point Limited            Ania Integrated Agri FCA 15-17          26170   27/12/2021   2111085   Saw/Veneer   PNG Walnut               5       7.758           55.2
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26125      15/12/2021   2111009   Saw/Veneer   PNG Walnut              70     108.469           55.0
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer   Malas                  400     619.673           54.9
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26107      01/12/2021   2110076   Saw/Veneer   Burckella              100     154.794           54.8
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26125      15/12/2021   2111009   Saw/Veneer   Malas                 1600    2472.524           54.5
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   PNG Walnut              10      15.442           54.4
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26126      24/12/2021   2111000   Saw/Veneer   Malas                 1050    1616.295           53.9
Milton Limited              Milton Limtied                 Morevona -Agro Forestry FCA14-03        26197   16/12/2021   2112031   Saw/Veneer   Group 4                170     259.905           52.9
Viva Success Ltd            Viva Success Ltd               Central New Ireland (11642)             26110   10/12/2021   2110084   Saw/Veneer   Kwila                  100     152.543           52.5
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)            26243   29/12/2021   2112071   Saw/Veneer   Canarium                20       30.39           52.0


 19- 3                                                                                                                                                      Report Number 19:    Page 3 of 10 pages

Page 103 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021             Continued

                                                                                                  SGS Date       Permit                          Species/          Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                                 Ref No. Exported Number Grade                    Group            Vol. (m3) Vol. (m3) ancy (%)

Woodbank Pacific Ltd        Woodbank Pacific Ltd           Vanimo Block 3,4 & 5 (TP: 10-11)        26172     11/12/2021   2111095   Saw/Veneer   Malas                  400   606.57             51.6
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127     29/12/2021   2111001   Saw/Veneer   Group 2               1100 1658.826             50.8
Bismarck Industries Ltd     Bismarck Industries Ltd        Kapuluk Timber Project (11450)          26167     02/12/2021   2111105   Saw/Veneer   Malas                  800 1201.93              50.2
KK Connections Ltd          KL Connections Ltd             Dengnenge 'B' Agro Forestry (FCA 71516) 26157     20/12/2021   2111078   Saw/Veneer   Burckella               65    96.18             48.0
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26117     02/12/2021   2111012   Saw/Veneer   PNG Walnut              65   95.738             47.3
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26249        29/12/2021   2112085   Saw/Veneer   Planchonella            25    36.82             47.3
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26188        29/12/2021   2111138   Saw/Veneer   Pencil Cedar           115 167.217              45.4
IFL Investment Ltd          IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)           26148     07/12/2021   2111044   Saw/Veneer   Calophyllum             38   55.238             45.4
KK Connections Ltd          KK Connections Ltd             Seraji EXN TRP PROJ. (TP 11558)         26143     20/12/2021   2111048   Low Grade    Burckella               15   21.771             45.1
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133     23/12/2021   2111007   Saw/Veneer   Group 4                270   389.89             44.4
KK Connections Ltd          KL Connections Ltd             Dengnenge 'B' Agro Forestry (FCA 71516) 26157     20/12/2021   2111078   Saw/Veneer   Pencil Cedar           300 429.505              43.2
GL Niugini Pty Ltd          GL Niugini Pty Ltd             East Awin (FMA 60101)                   26198     23/12/2021   2111142   Saw/Veneer   Group 3                300 429.391              43.1
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26126        24/12/2021   2111000   Saw/Veneer   Lophopetallum           10   14.266             42.7
                                                                                                                                                 /Perupok
IFL Investment Ltd          IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)             26148   07/12/2021   2111044   Saw/Veneer   PNG Walnut              420   593.31            41.3
Green Point Limited         Green Point Limited            Ania Integrated Agri FCA 15-17            26170   27/12/2021   2111085   Saw/Veneer   Group 4                 640 903.578             41.2
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514   26161   11/12/2021   2111084   Saw/Veneer   Pencil Cedar            200 281.288             40.6
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                        26132   12/12/2021   2111006   Saw/Veneer   Calophyllum             310 432.822             39.6
Woodbank Pacific Ltd        Woodbank Pacific Ltd           Vanimo Block 3,4 & 5 (TP: 10-11)          26172   11/12/2021   2111095   Saw/Veneer   Pencil Cedar            400 553.714             38.4
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)         26233   30/12/2021   2112013   Saw/Veneer   Group 3                 600 829.682             38.3
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                        26132   12/12/2021   2111006   Saw/Veneer   Group 3                 685 943.467             37.7
Woodbank Pacific Ltd        Woodbank Pacific Ltd           Vanimo Block 3,4 & 5 (TP: 10-11)          26172   11/12/2021   2111095   Saw/Veneer   Terminalia              600 822.844             37.1
Bismarck Industries Ltd     Bismarck Industries Ltd        Kapuluk Timber Project (11450)            26167   02/12/2021   2111105   Saw/Veneer   Taun                    800 1075.297            34.4
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)      26125   15/12/2021   2111009   Saw/Veneer   Burckella               200 268.721             34.4
Golden Rise Investment      Golden Rise Investment Ltd     Raicoast (11218)                          26221   23/12/2021   2112037   Saw/Veneer   Group 3                 450 601.387             33.6
Ltd
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26126        24/12/2021   2111000   Saw/Veneer   Erima                  250 332.893              33.2
KK Connections Ltd          KL Connections Ltd             Dengnenge 'B' Agro Forestry (FCA 71516) 26157     20/12/2021   2111078   Saw/Veneer   Group 4                414 548.997              32.6
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26125        15/12/2021   2111009   Saw/Veneer   Taun                   550 729.107              32.6
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127     29/12/2021   2111001   Saw/Veneer   Malas                 1100 1452.794             32.1
Milton Limited              Milton Limtied                 Morevona -Agro Forestry FCA14-03        26197     16/12/2021   2112031   Saw/Veneer   Group 2                230 303.433              31.9
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127     29/12/2021   2111001   Saw/Veneer   Terminalia             350    460.1             31.5
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26117     02/12/2021   2111012   Saw/Veneer   Terminalia             505 660.893              30.9
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26181     19/12/2021   2111128   Saw/Veneer   Malas                  950 1239.839             30.5


 19- 4                                                                                                                                                        Report Number 19:   Page 4 of 10 pages

Page 104 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021           Continued

                                                                                                SGS Date       Permit                          Species/        Permit Shipped Discrep-
Co. Grouping                Exporter                       Site                               Ref No. Exported Number Grade                    Group          Vol. (m3) Vol. (m3) ancy (%)

Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                      26132   12/12/2021   2111006   Saw/Veneer   Pencil Cedar         185    240.336           29.9
IFL Investment Ltd          IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)           26148   07/12/2021   2111044   Saw/Veneer   Kwila                326    421.673           29.3
KK Connections Ltd          KL Connections Ltd             Dengnenge 'B' Agro Forestry (FCA 71516) 26157   20/12/2021   2111078   Saw/Veneer   Calophyllum          750     961.56           28.2
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26161   11/12/2021   2111084   Low Grade    All Species        1000    1281.759           28.2
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer   Group 2              940   1204.215           28.1
Green Point Limited         Green Point Limited            Ania Integrated Agri FCA 15-17          26170   27/12/2021   2111085   Saw/Veneer   Group 2              430    550.805           28.1
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                      26132   12/12/2021   2111006   Saw/Veneer   Group 4             1280   1635.005           27.7
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26188      29/12/2021   2111138   Saw/Veneer   Group 3              190    242.437           27.6
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127   29/12/2021   2111001   Saw/Veneer   Group 3              900   1145.922           27.3
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer   Erima                300    377.363           25.8
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26188      29/12/2021   2111138   Saw/Veneer   Calophyllum          245    307.638           25.6
Bismarck Industries Ltd     Bismarck Industries Ltd        Kapuluk Timber Project (11450)          26167   02/12/2021   2111105   Saw/Veneer   Group 2              300     375.84           25.3
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                      26132   12/12/2021   2111006   Saw/Veneer   Burckella            180    225.246           25.1
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)            26243   29/12/2021   2112071   Saw/Veneer   Terminalia           253     314.47           24.3
Green Point Limited         Green Point Limited            Ania Integrated Agri FCA 15-17          26170   27/12/2021   2111085   Saw/Veneer   Calophyllum          340    419.637           23.4
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26107      01/12/2021   2110076   Saw/Veneer   Taun                 600    738.144           23.0
Continental Alliance Ltd    Continental Alliance Ltd       Wagana Wagasu Large scale (FCA 10-13) 26145     01/12/2021   2110090   Saw/Veneer   Group 4              200    245.901           23.0
IFL Investment Ltd          IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)           26148   07/12/2021   2111044   Saw/Veneer   Group 4             1511   1854.593           22.7
IFL Investment Ltd          IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)           26148   07/12/2021   2111044   Saw/Veneer   Group 3              726    887.197           22.2
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer   Group 4             1100   1339.848           21.8
PJ Plantation Limited       PJ Plantation Limited          Idam-Saiwi Inter Agri Proj (FCA 71009) 26175    31/12/2021   2111099   Saw/Veneer   Kwila             1630.7   1972.168           20.9
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26182   19/12/2021   2111140   Saw/Veneer   Dillenia             550    659.724           19.9
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26182   19/12/2021   2111140   Saw/Veneer   Malas                500     597.79           19.6
KK Connections Ltd          Super Green Ltd                Ormand Lako TRP Project (TP 10330)      26144   20/12/2021   2111047   Saw/Veneer   Group 3              424    506.749           19.5
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26117   02/12/2021   2111012   Saw/Veneer   Group 4              325    388.294           19.5
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   Pencil Cedar         225    268.685           19.4
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26161   11/12/2021   2111084   Saw/Veneer   Canarium             240    286.464           19.4
Lucky Logging Limited       Wasu Resource Ltd              Wasu Cattle farm (FCA 13-03)            26243   29/12/2021   2112071   Saw/Veneer   Kwila                279    331.691           18.9
Rimbunan Hijau (PNG) Ltd    Niugini Lumber Merchants Ltd   Awio Amgen (21409)                      26191   24/12/2021   2111135   Saw/Veneer   Dillenia            1050   1242.901           18.4
KK Connections Ltd          KK Connections Ltd             Taraiwara(Ext) Agro Reforest.(FCA 71514 26161   11/12/2021   2111084   Saw/Veneer   Terminalia           400    473.163           18.3
PL Connection Ltd           PL Connection Ltd              Suikol Intergrated Agro (FCA 15-13)     26204   17/12/2021   2112006   Saw/Veneer   Calophyllum          696    819.423           17.7
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402) 26188      29/12/2021   2111138   Saw/Veneer   Taun                1750   2050.843           17.2
Everwin Enterprises Ltd     Everwin Enterprises Ltd        Morobe Coast TRP (TP 11335) Mopi Cam 26187      21/12/2021   2111136   Saw/Veneer   Group 3              720     840.62           16.8



 19- 5                                                                                                                                                    Report Number 19:   Page 5 of 10 pages

Page 105 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021           Continued

                                                                                                SGS Date       Permit                          Species/           Permit Shipped Discrep-
Co. Grouping                Exporter                     Site                                 Ref No. Exported Number Grade                    Group             Vol. (m3) Vol. (m3) ancy (%)

Lucky Logging Limited       Wasu Resource Ltd            Wasu Cattle farm (FCA 13-03)              26243   29/12/2021   2112071   Saw/Veneer   Group 3                1249     1451.8           16.2
Lucky Logging Limited       Wasu Resource Ltd            Wasu Cattle farm (FCA 13-03)              26243   29/12/2021   2112071   Saw/Veneer   Taun                    685    796.142           16.2
Lucky Logging Limited       Wasu Resource Ltd            Wasu Cattle farm (FCA 13-03)              26243   29/12/2021   2112071   Saw/Veneer   Group 4                 509    588.991           15.7
KK Connections Ltd          KK Connections Ltd           Taraiwara(Ext) Agro Reforest.(FCA 71514   26117   02/12/2021   2111012   Saw/Veneer   Taun                    930   1075.634           15.7
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd   Ania Kapiura Consolidated (11452)         26181   19/12/2021   2111128   Saw/Veneer   Dillenia               1000   1156.012           15.6
KK Connections Ltd          Super Green Ltd              Ormand Lako TRP Project (TP 10330)        26144   20/12/2021   2111047   Saw/Veneer   Taun                   2267   2598.983           14.6
Woodbank Pacific Ltd        Woodbank Pacific Ltd         Vanimo Block 3,4 & 5 (TP: 10-11)          26172   11/12/2021   2111095   Saw/Veneer   Taun                    400    456.479           14.1
PL Connection Ltd           PL Connection Ltd            Suikol Intergrated Agro (FCA 15-13)       26204   17/12/2021   2112006   Saw/Veneer   Taun                    502    571.501           13.8
KK Connections Ltd          Super Green Ltd              Ormand Lako TRP Project (TP 10330)        26144   20/12/2021   2111047   Saw/Veneer   Terminalia              389    441.887           13.6
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd        East Arawe TP (11455)                     26127   29/12/2021   2111001   Saw/Veneer   Planchonella            310    351.342           13.3
Woodbank Pacific Ltd        Woodbank Pacific Ltd         Vanimo Block 3,4 & 5 (TP: 10-11)          26172   11/12/2021   2111095   Saw/Veneer   Canarium                470    530.889           13.0
PL Connection Ltd           PL Connection Ltd            Suikol Intergrated Agro (FCA 15-13)       26204   17/12/2021   2112006   Saw/Veneer   Group 3                 331    372.646           12.6
Green Point Limited         Green Point Limited          Ania Integrated Agri FCA 15-17            26170   27/12/2021   2111085   Saw/Veneer   Group 3                 435      488.5           12.3
Woodbank Pacific Ltd        Woodbank Pacific Ltd         Vanimo Block 3,4 & 5 (TP: 10-11)          26172   11/12/2021   2111095   Saw/Veneer   Group 3                1320   1472.644           11.6
Golden Rise Investment      Golden Rise Investment Ltd   Raicoast (11218)                          26160   04/12/2021   2111083   Saw/Veneer   Group 3                 480    533.737           11.2
Ltd
KK Connections Ltd          KL Connections Ltd           Dengnenge 'B' Agro Forestry (FCA 71516) 26157     20/12/2021 2111078 Low Grade        All Species            2669 2378.305            -10.9
PJ Plantation Limited       PJ Plantation Limited        Idam-Saiwi Inter Agri Proj (FCA 71009) 26175      31/12/2021 2111099 Saw/Veneer       Group 4             375.511 334.511             -10.9
Golden Rise Investment      Golden Rise Investment Ltd   Raicoast (11218)                        26160     04/12/2021 2111083 Saw/Veneer       Taun                   4642 4096.197            -11.8
Ltd
KK Connections Ltd          KK Connections Ltd           Seraji EXN TRP PROJ. (TP 11558)         26143     20/12/2021   2111048   Saw/Veneer   All Species            1770   1526.447          -13.8
Green Point Limited         Green Point Limited          Ania Integrated Agri FCA 15-17          26171     27/12/2021   2111086   Saw/Veneer   Taun                    590    504.701          -14.5
KK Connections Ltd          KK Connections Ltd           Taraiwara(Ext) Agro Reforest.(FCA 71514 26161     11/12/2021   2111084   Saw/Veneer   Group 3                 630    536.764          -14.8
Summit Agriculture Ltd      Summit Agriculture Ltd       Gweinif Wagasu Agro-Forestry (FCA 7101 26146      01/12/2021   2110088   Saw/Veneer   Group 4                 390    330.794          -15.2
CS Boss International Ltd   Stettin Bay Lumber Co. Ltd   Ania Kapiura Consolidated (11452)       26233     30/12/2021   2112013   Saw/Veneer   Calophyllum            1700    1441.65          -15.2
Viva Success Ltd            Viva Success Ltd             Central New Ireland (11642)             26110     10/12/2021   2110084   Saw/Veneer   Calophyllum             500    412.416          -17.5
Everwin Enterprises Ltd     Everwin Enterprises Ltd      Morobe Coast TRP (TP 11335) Mopi Cam 26187        21/12/2021   2111136   Saw/Veneer   Taun                    600    489.564          -18.4
KK Connections Ltd          KL Connections Ltd           Dengnenge 'B' Agro Forestry (FCA 71516) 26157     20/12/2021   2111078   Saw/Veneer   Taun                   1800   1455.183          -19.2
KK Connections Ltd          KK Connections Ltd           Seraji EXN TRP PROJ. (TP 11558)         26143     20/12/2021   2111048   Low Grade    Calophyllum             340     274.84          -19.2
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd        Rottock Bay Consolidated (FMA 61402) 26188        29/12/2021   2111138   Saw/Veneer   Malas                  1380   1112.069          -19.4
Cakara Alam (PNG) Ltd       Cakara Alam (PNG) Ltd        East Arawe TP (11455)                   26127     29/12/2021   2111001   Saw/Veneer   Group 4                1930   1543.896          -20.0
Everwin Enterprises Ltd     Everwin Enterprises Ltd      Morobe Coast TRP (TP 11335) Mopi Cam 26187        21/12/2021   2111136   Saw/Veneer   PNG Mersawa            1650   1315.714          -20.3
Viva Success Ltd            Viva Success Ltd             Central New Ireland (11642)             26199     10/12/2021   2111101   Saw/Veneer   Pencil Cedar           2300   1828.464          -20.5
Viva Success Ltd            Viva Success Ltd             Central New Ireland (11642)             26110     10/12/2021   2110084   Saw/Veneer   Group 4                 250    198.494          -20.6


 19- 6                                                                                                                                                       Report Number 19:   Page 6 of 10 pages

Page 106 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021             Continued

                                                                                                     SGS Date       Permit                      Species/         Permit Shipped Discrep-
Co. Grouping                 Exporter                       Site                                   Ref No. Exported Number Grade                Group           Vol. (m3) Vol. (m3) ancy (%)

Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127   29/12/2021   2111001   Saw/Veneer   PNG Walnut            300 235.463             -21.5
Viva Success Ltd             Viva Success Ltd               Central New Ireland (11642)             26110   10/12/2021   2110084   Saw/Veneer   Terminalia            250 194.539             -22.2
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26107   01/12/2021   2110076   Saw/Veneer   Group 4               350 268.351             -23.3
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26125   15/12/2021   2111009   Saw/Veneer   Pencil Cedar          400 299.551             -25.1
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   Taun                 2100   1541.1            -26.6
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Awio Amgen (21409)                      26191   24/12/2021   2111135   Saw/Veneer   Group 4               455   324.67            -28.6
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Andru Johana (LFA 21410)                26133   23/12/2021   2111007   Saw/Veneer   Malas                1750 1231.814            -29.6
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26107   01/12/2021   2110076   Saw/Veneer   Calophyllum          2000 1400.807            -30.0
Cakara Alam (PNG) Ltd        Tzen Niugini Ltd               Illi Wawas/Masarau (FCA 71502)          26152   13/12/2021   2111070   Saw/Veneer   Group 4               391 273.077             -30.2
Viva Success Ltd             Viva Success Ltd               Central New Ireland (11642)             26110   10/12/2021   2110084   Saw/Veneer   Group 3               800 548.089             -31.5
Cakara Alam (PNG) Ltd        Tzen Niugini Ltd               Illi Wawas/Masarau (FCA 71502)          26152   13/12/2021   2111070   Saw/Veneer   Group 3             219.2 146.865             -33.0
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26233   30/12/2021   2112013   Saw/Veneer   Canarium              350   233.97            -33.2
Golden Rise Investment       Golden Rise Investment Ltd     Raicoast (11218)                        26221   23/12/2021   2112037   Saw/Veneer   Group 2               700    467.7            -33.2
Ltd
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26125   15/12/2021   2111009   Saw/Veneer   Dillenia              800      533.529        -33.3
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)       26182   19/12/2021   2111140   Saw/Veneer   Group 3               200       133.01        -33.5
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127   29/12/2021   2111001   Saw/Veneer   Burckella             400      257.164        -35.7
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127   29/12/2021   2111001   Saw/Veneer   Calophyllum           200      127.767        -36.1
Reach Niugini Construction   Reach Niugini Construction     Gara Modewa TRP (TP 10406)              26195   20/12/2021   2111143   Saw/Veneer   Group 2               200      123.907        -38.0
Bismarck Industries Ltd      Bismarck Industries Ltd        Kapuluk Timber Project (11450)          26167   02/12/2021   2111105   Saw/Veneer   Dillenia              400      244.385        -38.9
Milton Limited               Milton Limtied                 Morevona -Agro Forestry FCA14-03        26197   16/12/2021   2112031   Saw/Veneer   Group 3               240      145.377        -39.4
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26126   24/12/2021   2111000   Saw/Veneer   Burckella             250      147.497        -41.0
KK Connections Ltd           Super Green Ltd                Ormand Lako TRP Project (TP 10330)      26231   20/12/2021   2112063   Saw/Veneer   Group 4               145       85.244        -41.2
Aset Meriah (PNG) Ltd        Milton Limited                 Mosaleim TRP (TP 11457)                 26203   10/12/2021   2112019   Saw/Veneer   Calophyllum            35       20.308        -42.0
Green Point Limited          Green Point Limited            Ania Integrated Agri FCA 15-17          26171   27/12/2021   2111086   Saw/Veneer   Dillenia               15        8.669        -42.2
Aset Meriah (PNG) Ltd        Milton Limited                 Mosaleim TRP (TP 11457)                 26169   10/12/2021   2111106   Saw/Veneer   Lophopetallum           5        2.886        -42.3
                                                                                                                                                /Perupok
KK Connections Ltd           KK Connections Ltd             Seraji EXN TRP PROJ. (TP 11558)         26143   20/12/2021   2111048   Low Grade    Taun                 605       345.736        -42.9
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26107   01/12/2021   2110076   Saw/Veneer   Dillenia            1100       626.192        -43.1
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)    26125   15/12/2021   2111009   Saw/Veneer   Group 2               75        42.105        -43.9
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          East Arawe TP (11455)                   26127   29/12/2021   2111001   Saw/Veneer   Canarium             600       331.011        -44.8
GL Niugini Pty Ltd           GL Niugini Pty Ltd             East Awin (FMA 60101)                   26180   20/12/2021   2111097   Saw/Veneer   Terminalia            80        43.966        -45.0
Green Point Limited          Green Point Limited            Ania Integrated Agri FCA 15-17          26171   27/12/2021   2111086   Saw/Veneer   Planchonella          30        16.446        -45.2



 19- 7                                                                                                                                                     Report Number 19:    Page 7 of 10 pages

Page 107 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021              Continued

                                                                                                      SGS Date       Permit                          Species/           Permit Shipped Discrep-
Co. Grouping                 Exporter                       Site                                    Ref No. Exported Number Grade                    Group             Vol. (m3) Vol. (m3) ancy (%)

East Papua Timber            East Papua Timber Resources    Brown River/Kuriva (10337)               26150   20/12/2021 2111063 Plantation diam      Teak (a) little          230      125.314        -45.5
Resources Ltd                Ltd                                                                                                00 - 19 cm: little   small (plntn)
                                                                                                                                small
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)     26249   29/12/2021 2112085 Saw/Veneer           PNG Walnut               50        27.212        -45.6
KK Connections Ltd           KK Connections Ltd             Seraji EXN TRP PROJ. (TP 11558)          26143   20/12/2021 2111048 Low Grade            Pencil Cedar             40        21.712        -45.7
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)     26126   24/12/2021 2111000 Saw/Veneer           Group 2                  80        42.724        -46.6
Bismarck Industries Ltd      Bismarck Industries Ltd        Kapuluk Timber Project (11450)           26167   02/12/2021 2111105 Saw/Veneer           Burckella               100        52.186        -47.8
Viva Success Ltd             Viva Success Ltd               Central New Ireland (11642)              26199   10/12/2021 2111101 Saw/Veneer           Calophyllum             500       253.094        -49.4
Milton Limited               Milton Limtied                 Morevona -Agro Forestry FCA14-03         26197   16/12/2021 2112031 Saw/Veneer           Pencil Cedar             10         5.054        -49.5
Bismarck Industries Ltd      Bismarck Industries Ltd        Kapuluk Timber Project (11450)           26167   02/12/2021 2111105 Saw/Veneer           Group 3                 300       149.333        -50.2
KK Connections Ltd           KK Connections Ltd             Seraji EXN TRP PROJ. (TP 11558)          26143   20/12/2021 2111048 Low Grade            All Species           1770        872.224        -50.7
IFL Investment Ltd           IFL Investment Ltd             Bonua Magarida TRP (TP 03-28)            26148   07/12/2021 2111044 Low Grade            Burckella               153        75.326        -50.8
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Awio Amgen (21409)                       26191   24/12/2021 2111135 Saw/Veneer           Burckella               180        88.348        -50.9
Bismarck Industries Ltd      Bismarck Industries Ltd        Kapuluk Timber Project (11450)           26167   02/12/2021 2111105 Saw/Veneer           Canarium                200        95.966        -52.0
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)        26181   19/12/2021 2111128 Saw/Veneer           Burckella               200        94.333        -52.8
Reach Niugini Construction   Reach Niugini Construction     Gara Modewa TRP (TP 10406)               26195   20/12/2021 2111143 Saw/Veneer           PNG Walnut                5         2.352        -53.0
Rimbunan Hijau (PNG) Ltd     Niugini Lumber Merchants Ltd   Awio Amgen (21409)                       26191   24/12/2021 2111135 Saw/Veneer           Group 3                 550        243.44        -55.7
Cakara Alam (PNG) Ltd        Tzen Niugini Ltd               Illi Wawas/Masarau (FCA 71502)           26152   13/12/2021 2111070 Saw/Veneer           Taun                 1582.4       698.663        -55.8
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)        26233   30/12/2021 2112013 Saw/Veneer           Lophopetallum            20         8.513        -57.4
                                                                                                                                                     /Perupok
Green Point Limited          Green Point Limited            Ania Integrated Agri FCA 15-17           26171   27/12/2021   2111086   Saw/Veneer       PNG Walnut                 5        2.126        -57.5
KK Connections Ltd           Super Green Ltd                Ormand Lako TRP Project (TP 10330)       26231   20/12/2021   2112063   Saw/Veneer       Planchonella              17        7.191        -57.7
Cakara Alam (PNG) Ltd        Tzen Niugini Ltd               Illi Wawas/Masarau (FCA 71502)           26152   13/12/2021   2111070   Saw/Veneer       Calophyllum            170.2       67.907        -60.1
Aset Meriah (PNG) Ltd        Milton Limited                 Mosaleim TRP (TP 11457)                  26169   10/12/2021   2111106   Saw/Veneer       Pencil Cedar              40       15.946        -60.1
Woodbank Pacific Ltd         Woodbank Pacific Ltd           Vanimo Block 3,4 & 5 (TP: 10-11)         26172   11/12/2021   2111095   Saw/Veneer       Group 2                  400      153.789        -61.6
Viva Success Ltd             Viva Success Ltd               Central New Ireland (11642)              26110   10/12/2021   2110084   Saw/Veneer       Canarium                  70        26.61        -62.0
Tutuman Development Ltd      Millionplus Corporation Ltd    Konoagil Inter.Agri.Proj. (FCA 71603)    26209   21/12/2021   2112022   Saw/Veneer       Group 4                   95       36.099        -62.0
Milton Limited               Milton Limtied                 Morevona -Agro Forestry FCA14-03         26197   16/12/2021   2112031   Saw/Veneer       Malas                     55       20.837        -62.1
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)        26233   30/12/2021   2112013   Saw/Veneer       Planchonella            100        37.337        -62.7
Reach Niugini Construction   Reach Niugini Construction     Gara Modewa TRP (TP 10406)               26195   20/12/2021   2111143   Saw/Veneer       Group 3                  500      185.316        -62.9
CS Boss International Ltd    Stettin Bay Lumber Co. Ltd     Ania Kapiura Consolidated (11452)        26233   30/12/2021   2112013   Saw/Veneer       PNG Walnut                50       18.485        -63.0
KK Connections Ltd           Super Green Ltd                Ormand Lako TRP Project (TP 10330)       26231   20/12/2021   2112063   Saw/Veneer       Dillenia                   7         2.55        -63.6
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd          Rottock Bay Consolidated (FMA 61402)     26107   01/12/2021   2110076   Saw/Veneer       Kwila                     20        7.185        -64.1
Viva Success Ltd             Viva Success Ltd               Central New Ireland (11642)              26199   10/12/2021   2111101   Saw/Veneer       Planchonella              20        7.148        -64.3


 19- 8                                                                                                                                                             Report Number 19:    Page 8 of 10 pages

Page 108 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021            Continued

                                                                                                   SGS Date       Permit                        Species/         Permit Shipped Discrep-
Co. Grouping                 Exporter                     Site                                   Ref No. Exported Number Grade                  Group           Vol. (m3) Vol. (m3) ancy (%)

Milton Limited               Milton Limtied               Morevona -Agro Forestry FCA14-03          26197   16/12/2021   2112031   Saw/Veneer   Canarium              40        14.191        -64.5
GL Niugini Pty Ltd           GL Niugini Pty Ltd           East Awin (FMA 60101)                     26180   20/12/2021   2111097   Saw/Veneer   Pencil Cedar         160        56.632        -64.6
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26203   10/12/2021   2112019   Saw/Veneer   Group 2              120        42.452        -64.6
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        East Arawe TP (11455)                     26127   29/12/2021   2111001   Saw/Veneer   Pencil Cedar         300       104.944        -65.0
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        Rottock Bay Consolidated (FMA 61402)      26126   24/12/2021   2111000   Saw/Veneer   Calophyllum          450       144.765        -67.8
GL Niugini Pty Ltd           GL Niugini Pty Ltd           East Awin (FMA 60101)                     26198   23/12/2021   2111142   Saw/Veneer   Erima                  5         1.603        -67.9
Green Point Limited          Green Point Limited          Ania Integrated Agri FCA 15-17            26171   27/12/2021   2111086   Saw/Veneer   Group 2              170        54.359        -68.0
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        Rottock Bay Consolidated (FMA 61402)      26125   15/12/2021   2111009   Saw/Veneer   Planchonella         105        32.156        -69.4
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26199   10/12/2021   2111101   Saw/Veneer   Group 2               20         5.917        -70.4
KK Connections Ltd           KK Connections Ltd           Taraiwara(Ext) Agro Reforest.(FCA 71514   26161   11/12/2021   2111084   Low Grade    Pencil Cedar         200        58.946        -70.5
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26203   10/12/2021   2112019   Saw/Veneer   Burckella             10         2.789        -72.1
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26203   10/12/2021   2112019   Saw/Veneer   Pencil Cedar          25          6.78        -72.9
Reach Niugini Construction   Reach Niugini Construction   Gara Modewa TRP (TP 10406)                26195   20/12/2021   2111143   Saw/Veneer   Group 4             1000       269.907        -73.0
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26169   10/12/2021   2111106   Saw/Veneer   Terminalia            50        13.374        -73.3
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        Rottock Bay Consolidated (FMA 61402)      26249   29/12/2021   2112085   Saw/Veneer   Malas               1045       277.929        -73.4
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26199   10/12/2021   2111101   Saw/Veneer   PNG Walnut            10         2.542        -74.6
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26169   10/12/2021   2111106   Saw/Veneer   Canarium              40        10.098        -74.8
GL Niugini Pty Ltd           GL Niugini Pty Ltd           East Awin (FMA 60101)                     26198   23/12/2021   2111142   Saw/Veneer   Group 2              315        78.485        -75.1
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26169   10/12/2021   2111106   Saw/Veneer   Calophyllum          100        23.607        -76.4
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26169   10/12/2021   2111106   Saw/Veneer   Malas                250        58.657        -76.5
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        East Arawe TP (11455)                     26127   29/12/2021   2111001   Saw/Veneer   Lophopetallum        200        44.307        -77.8
                                                                                                                                                /Perupok
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26110   10/12/2021   2110084   Saw/Veneer   Malas                  20        4.422        -77.9
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26110   10/12/2021   2110084   Saw/Veneer   Burckella              10         2.14        -78.6
IFL Investment Ltd           IFL Investment Ltd           Bonua Magarida TRP (TP 03-28)             26148   07/12/2021   2111044   Low Grade    Planchonella         139        28.271        -79.7
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26110   10/12/2021   2110084   Saw/Veneer   Group 2                20        4.041        -79.8
KK Connections Ltd           KK Connections Ltd           Seraji EXN TRP PROJ. (TP 11558)           26143   20/12/2021   2111048   Low Grade    PNG Walnut             45        8.554        -81.0
Cakara Alam (PNG) Ltd        Tzen Niugini Ltd             Illi Wawas/Masarau (FCA 71502)            26152   13/12/2021   2111070   Saw/Veneer   Erima               120.3       21.522        -82.1
Milton Limited               Milton Limtied               Morevona -Agro Forestry FCA14-03          26197   16/12/2021   2112031   Saw/Veneer   Terminalia             10        1.678        -83.2
KK Connections Ltd           KK Connections Ltd           Seraji EXN TRP PROJ. (TP 11558)           26143   20/12/2021   2111048   Low Grade    Erima                  60        9.736        -83.8
Viva Success Ltd             Viva Success Ltd             Central New Ireland (11642)               26110   10/12/2021   2110084   Saw/Veneer   Planchonella           20        2.974        -85.1
Aset Meriah (PNG) Ltd        Milton Limited               Mosaleim TRP (TP 11457)                   26169   10/12/2021   2111106   Saw/Veneer   Taun                  300       36.356        -87.9
Bismarck Industries Ltd      Bismarck Industries Ltd      Kapuluk Timber Project (11450)            26167   02/12/2021   2111105   Saw/Veneer   Planchonella           90        8.071        -91.0
Cakara Alam (PNG) Ltd        Cakara Alam (PNG) Ltd        Rottock Bay Consolidated (FMA 61402)      26249   29/12/2021   2112085   Saw/Veneer   Dillenia              250       19.578        -92.2

 19- 9                                                                                                                                                     Report Number 19:    Page 9 of 10 pages

Page 109 screenshot
Field163:
REPORT - Substantial Log Export Permit Discrepancies in Volumes Exported for December/2021     Continued

                                                                                             SGS Date       Permit                      Species/        Permit Shipped Discrep-
Co. Grouping               Exporter                   Site                                 Ref No. Exported Number Grade                Group          Vol. (m3) Vol. (m3) ancy (%)

Bismarck Industries Ltd    Bismarck Industries Ltd    Kapuluk Timber Project (11450)        26167   02/12/2021   2111105   Saw/Veneer   Pencil Cedar         100          7.82         -92.2
KK Connections Ltd         Super Green Ltd            Ormand Lako TRP Project (TP 10330)    26231   20/12/2021   2112063   Saw/Veneer   PNG Mersawa           45         3.495         -92.2
Viva Success Ltd           Viva Success Ltd           Central New Ireland (11642)           26110   10/12/2021   2110084   Saw/Veneer   Dillenia              20         1.527         -92.4
Aset Meriah (PNG) Ltd      Milton Limited             Mosaleim TRP (TP 11457)               26203   10/12/2021   2112019   Saw/Veneer   Canarium              40          2.67         -93.3
KK Connections Ltd         Super Green Ltd            Ormand Lako TRP Project (TP 10330)    26231   20/12/2021   2112063   Saw/Veneer   Group 2               17         0.919         -94.6
Green Point Limited        Green Point Limited        Ania Integrated Agri FCA 15-17        26170   27/12/2021   2111085   Saw/Veneer   Kwila                 85         3.592         -95.8
IFL Investment Ltd         IFL Investment Ltd         Bonua Magarida TRP (TP 03-28)         26148   07/12/2021   2111044   Saw/Veneer   All Species         4023       121.574         -97.0
Green Point Limited        Green Point Limited        Ania Integrated Agri FCA 15-17        26170   27/12/2021   2111085   Saw/Veneer   Malas                630        13.292         -97.9
Bismarck Industries Ltd    Bismarck Industries Ltd    Kapuluk Timber Project (11450)        26167   02/12/2021   2111105   Saw/Veneer   Calophyllum          200         4.187         -97.9
Cakara Alam (PNG) Ltd      Cakara Alam (PNG) Ltd      East Arawe TP (11455)                 26127   29/12/2021   2111001   Saw/Veneer   Dillenia             200            1.4        -99.3


Total Volume Exported Where Shipped Volumes have Major Discrepancies From Endorsed Volumes:                                                                   116,680.827




 19- 10                                                                                                                                            Report Number 19:    Page 10 of 10 pages

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Field70:
Report - Monthly Document Delays for December / 2021
Date printed: 30/01/2022 11:29:35 am

Co. Grouping                 Exporting Company                SGS Ref    Date LIR    Date Documents   Document Delay
                                                              Number     Recieved        Recieved      (No of days)

Aset Meriah (PNG) Ltd
                             Milton Limited
                                                               26124    16/12/2021   07 / 01 / 22           22
                                                               26120    16/12/2021   07 / 01 / 22           22

                             Number of Shipments / Av Delay      2                                         22.0

Number of Shipments / Av Delay                                   2                                         22.0

Continental Alliance Ltd
                             Continental Alliance Ltd
                                                               26145    22/12/2021   04 / 01 / 22           13

                             Number of Shipments / Av Delay      1                                         13.0

Number of Shipments / Av Delay                                   1                                         13.0

CS Boss International Ltd
                             Stettin Bay Lumber Co. Ltd
                                                               26122    17/12/2021   30 / 12 / 21           13
                                                               25462    10/12/2021   13 / 01 / 21         -331
                                                               26123    20/12/2021   30 / 12 / 21           10
                                                               26070    16/12/2021   07 / 12 / 21           -9
                                                               26069    16/12/2021   07 / 12 / 21           -9
                                                               25481    10/12/2021   13 / 01 / 21         -331

                             Number of Shipments / Av Delay      6                                       -109.5

Number of Shipments / Av Delay                                   6                                       -109.5

Joinland Management (PNG) Ltd
                       Joinland Management (PNG) Ltd
                                                               26154    03/12/2021   07 / 12 / 21            4
                                                               26106    03/12/2021   06 / 12 / 21            3

                             Number of Shipments / Av Delay      2                                          3.5

Number of Shipments / Av Delay                                   2                                          3.5

KK Connections Ltd
                             KL Connections Ltd
                                                               26142    07/12/2021   10 / 01 / 22           34

                             Number of Shipments / Av Delay      1                                         34.0

                             Laloani No.8 Ltd
                                                               26121    06/12/2021   10 / 01 / 22           35

                             Number of Shipments / Av Delay      1                                         35.0

Number of Shipments / Av Delay                                   2                                         34.5

Low Impact Logging Ltd

Report Number 20:       Page 1 of 4 pages                                                                20- 1

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Field70:
Report - Monthly Document Delays for December / 2021
Date printed: 30/01/2022 11:29:35 am

Co. Grouping                 Exporting Company                SGS Ref    Date LIR    Date Documents   Document Delay
                                                              Number     Recieved        Recieved      (No of days)

                             Low Impact Logging Ltd
                                                               26071    03/12/2021   18 / 11 / 21          -15

                             Number of Shipments / Av Delay      1                                        -15.0

Number of Shipments / Av Delay                                   1                                        -15.0

Lucky 99 (PNG) Ltd
                             Lucky Logging Limited
                                                               26099    13/12/2021   20 / 12 / 21            7

                             Number of Shipments / Av Delay      1                                          7.0

Number of Shipments / Av Delay                                   1                                          7.0

Mekar (PNG) Limited
                             Mekar (PNG) Limited
                                                               26090    17/12/2021   03 / 01 / 22           17
                                                               26101    17/12/2021   07 / 12 / 21          -10
                                                               26068    17/12/2021   07 / 12 / 21          -10
                                                               26102    17/12/2021   07 / 12 / 21          -10

                             Number of Shipments / Av Delay      4                                         -3.3

Number of Shipments / Av Delay                                   4                                         -3.3

Northern Forest Products Ltd
                          Northern Forest Products Ltd
                                                               26104    08/12/2021   29 / 12 / 21           21

                             Number of Shipments / Av Delay      1                                         21.0

Number of Shipments / Av Delay                                   1                                         21.0

Pacific Region Development Ltd
                        Pacific Region Development Ltd
                                                               26153    08/12/2021   07 / 12 / 21           -1
                                                               26085    09/12/2021   07 / 12 / 21           -2
                                                               26139    08/12/2021   07 / 12 / 21           -1
                                                               26097    21/12/2021   03 / 01 / 22           13

                             Number of Shipments / Av Delay      4                                          2.3

Number of Shipments / Av Delay                                   4                                          2.3

PJ Plantation Limited
                             PJ Plantation Limited
                                                               26175    10/12/2021   20 / 01 / 22           41
                                                               26138    13/12/2021   21 / 01 / 22           39

                             Number of Shipments / Av Delay      2                                         40.0



Report Number 20:       Page 2 of 4 pages                                                                20- 2

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Field70:
Report - Monthly Document Delays for December / 2021
Date printed: 30/01/2022 11:29:35 am

Co. Grouping                 Exporting Company                SGS Ref    Date LIR    Date Documents   Document Delay
                                                              Number     Recieved        Recieved      (No of days)

Number of Shipments / Av Delay                                   2                                         40.0

Summit Agriculture Ltd
                             Summit Agriculture Ltd
                                                               26147    22/12/2021   04 / 01 / 22           13
                                                               26134    08/12/2021   10 / 12 / 21            2
                                                               26146    21/12/2021   03 / 01 / 22           13

                             Number of Shipments / Av Delay      3                                          9.3

Number of Shipments / Av Delay                                   3                                          9.3

Sunland Limited
                             Sunland Limited
                                                               26155    08/12/2021   Not Recieved           53
                                                               26174    08/12/2021   21 / 01 / 22           44

                             Number of Shipments / Av Delay      2                                         48.5

Number of Shipments / Av Delay                                   2                                         48.5

Tutuman Development Ltd
                             Millionplus Corporation Ltd
                                                               26129    03/12/2021   07 / 12 / 21            4

                             Number of Shipments / Av Delay      1                                          4.0

Number of Shipments / Av Delay                                   1                                          4.0

Vanimo Jaya Ltd
                             VJ Holdings Ltd
                                                               26047    13/12/2021   07 / 12 / 21           -6
                                                               26078    17/12/2021   07 / 12 / 21          -10
                                                               26109    17/12/2021   07 / 12 / 21          -10
                                                               26048    13/12/2021   07 / 12 / 21           -6
                                                               26075    17/12/2021   07 / 12 / 21          -10
                                                               26087    13/12/2021   07 / 12 / 21           -6
                                                               26088    16/12/2021   07 / 12 / 21           -9
                                                               26074    14/12/2021   07 / 12 / 21           -7

                             Number of Shipments / Av Delay      8                                         -8.0

Number of Shipments / Av Delay                                   8                                         -8.0

Woodbank Pacific Ltd
                             Woodbank Pacific Ltd
                                                               26098    21/12/2021   29 / 12 / 21            8

                             Number of Shipments / Av Delay      1                                          8.0




Report Number 20:       Page 3 of 4 pages                                                                20- 3

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Field70:
Report - Monthly Document Delays for December / 2021
Date printed: 30/01/2022 11:29:35 am

Co. Grouping                 Exporting Company   SGS Ref   Date LIR   Date Documents   Document Delay
                                                 Number    Recieved       Recieved      (No of days)

Number of Shipments / Av Delay                      1                                        8.0



Monthly Number of Shipments / Average Delay        41                                       -8.8




Report Number 20:       Page 4 of 4 pages                                                 20- 4

Page 114 screenshot
  Log Export Average Prices by Log Grades, Groups and
   Species and by Log Exporter Parent Companies, for
                    December - 2021
Date printed: 30/01/2022 11:29:51 am



Grade / Species Group / Species                      Company/Group            Ave FOB USD/m3 Volume, m3

 Saw/Veneer Group 1 Burckella
  Mean Company FOB Price:               89.45 USD/m3; Range:   85.00 - 141.89 USD/m3
                                                      Viva Success Ltd                 141.89       9.490
                                                      Aset Meriah (PNG) Ltd             90.00      15.465
                                                      Bismarck Industries Ltd           90.00      52.186
                                                      Continental Alliance Ltd          90.00      18.479
                                                      CS Boss International Ltd         90.00     241.574
                                                      Everwin Enterprises Ltd           90.00      93.763
                                                      GL Niugini Pty Ltd                90.00      22.041
                                                      IFL Investment Ltd                90.00     121.574
                                                      KK Connections Ltd                90.00     199.279
                                                      Lucky Logging Limited             90.00      15.281
                                                      PJ Plantation Limited             90.00      19.579
                                                      Reach Niugini Construction        90.00     129.081
                                                      Rimbunan Hijau (PNG) Ltd          90.00     442.596
                                                      Woodbank Pacific Ltd              90.00     199.302
                                                      Cakara Alam (PNG) Ltd             89.96   1,383.714
                                                      Vanimo Jaya Ltd                   86.27     192.293
                                                      Green Point Limited               85.00     325.221




Report Number 21:       Page 1 of 13 pages                                                         21- 1

Page 115 screenshot
Grade / Species Group / Species                  Company/Group          Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Calophyllum
 Mean Company FOB Price: 110.83 USD/m3; Range: 106.78 - 135.48 USD/m3

                                                  Viva Success Ltd                 135.48     665.510
                                                  Aset Meriah (PNG) Ltd            115.00      43.915
                                                  IFL Investment Ltd               115.00      55.238
                                                  Milton Limited                   115.00      33.485
                                                  Tutuman Development Ltd          110.00      46.049
                                                  Bismarck Industries Ltd          110.00       4.187
                                                  CS Boss International Ltd        110.00   1,441.650
                                                  Everwin Enterprises Ltd          110.00      67.950
                                                  GL Niugini Pty Ltd               110.00     294.568
                                                  KK Connections Ltd               110.00   2,327.491
                                                  PJ Plantation Limited            110.00      71.499
                                                  PL Connection Ltd                110.00     819.423
                                                  Reach Niugini Construction       110.00      47.239
                                                  Summit Agriculture Ltd           110.00      28.404
                                                  Woodbank Pacific Ltd             110.00      58.540
                                                  Green Point Limited              110.00     556.268
                                                  Joinland Management (PNG) Ltd    110.00      94.279
                                                  Lucky Logging Limited            110.00      12.269
                                                  Rimbunan Hijau (PNG) Ltd         110.00     530.075
                                                  Cakara Alam (PNG) Ltd            109.02   4,758.306
                                                  Vanimo Jaya Ltd                  106.78     737.358


Saw/Veneer Group 1 Dillenia
 Mean Company FOB Price:            90.73 USD/m3; Range:   85.00 - 155.94 USD/m3
                                                  Viva Success Ltd                 155.94      96.712
                                                  KK Connections Ltd                90.00      54.772
                                                  Rimbunan Hijau (PNG) Ltd          90.00   1,843.851
                                                  Vanimo Jaya Ltd                   90.00     388.741
                                                  Bismarck Industries Ltd           90.00     244.385
                                                  Everwin Enterprises Ltd           90.00      20.610
                                                  GL Niugini Pty Ltd                90.00      48.660
                                                  IFL Investment Ltd                90.00      63.352
                                                  Joinland Management (PNG) Ltd     90.00      17.188
                                                  Milton Limited                    90.00      23.034
                                                  Reach Niugini Construction        90.00     420.420
                                                  Summit Agriculture Ltd            90.00      54.607
                                                  Woodbank Pacific Ltd              90.00     103.638
                                                  CS Boss International Ltd         90.00   2,005.473
                                                  Cakara Alam (PNG) Ltd             89.55   1,870.192
                                                  Green Point Limited               85.00      36.398




Report Number 21:   Page 2 of 13 pages                                                         21- 2

Page 116 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Erima
 Mean Company FOB Price:            90.58 USD/m3; Range:   85.00 - 110.17 USD/m3
                                                  Viva Success Ltd                  110.17     287.662
                                                  GL Niugini Pty Ltd                 90.00       1.603
                                                  Golden Rise Investment Ltd         90.00      58.532
                                                  KK Connections Ltd                 90.00     790.173
                                                  Bismarck Industries Ltd            90.00      85.556
                                                  CS Boss International Ltd          90.00     377.363
                                                  Everwin Enterprises Ltd            90.00     195.430
                                                  IFL Investment Ltd                 90.00     166.872
                                                  Joinland Management (PNG) Ltd      90.00      58.555
                                                  Lucky Logging Limited              90.00     716.163
                                                  PL Connection Ltd                  90.00      55.587
                                                  Rimbunan Hijau (PNG) Ltd           90.00     124.315
                                                  Summit Agriculture Ltd             90.00      54.475
                                                  Tutuman Development Ltd            90.00      69.889
                                                  Cakara Alam (PNG) Ltd              89.30   1,413.319
                                                  Vanimo Jaya Ltd                    86.29     141.781
                                                  Green Point Limited                85.00     292.755


Saw/Veneer Group 1 Grey Canarium
 Mean Company FOB Price:            90.37 USD/m3; Range:   85.00 - 131.92 USD/m3
                                                  Viva Success Ltd                  131.92     71.086
                                                  Aset Meriah (PNG) Ltd              90.00      6.607
                                                  Bismarck Industries Ltd            90.00     28.751
                                                  CS Boss International Ltd          90.00     82.457
                                                  Everwin Enterprises Ltd            90.00      9.100
                                                  GL Niugini Pty Ltd                 90.00     21.663
                                                  Golden Rise Investment Ltd         90.00     22.550
                                                  IFL Investment Ltd                 90.00    134.717
                                                  Joinland Management (PNG) Ltd      90.00     12.172
                                                  KK Connections Ltd                 90.00    383.460
                                                  Lucky Logging Limited              90.00     30.390
                                                  Milton Limited                     90.00      4.244
                                                  Rimbunan Hijau (PNG) Ltd           90.00      2.977
                                                  Tutuman Development Ltd            90.00     14.889
                                                  Woodbank Pacific Ltd               90.00     13.056
                                                  PL Connection Ltd                  90.00     96.869
                                                  Reach Niugini Construction         90.00     22.937
                                                  Cakara Alam (PNG) Ltd              89.93    211.060
                                                  Vanimo Jaya Ltd                    86.50    187.940
                                                  Green Point Limited                85.00    337.053


Saw/Veneer Group 1 Hekakoro
 Mean Company FOB Price:            90.00 USD/m3; Range:   90.00 - 90.00   USD/m3

                                                  IFL Investment Ltd                 90.00       2.710



Report Number 21:   Page 3 of 13 pages                                                          21- 3

Page 117 screenshot
Grade / Species Group / Species                  Company/Group            Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Kwila
 Mean Company FOB Price: 263.76 USD/m3; Range: 250.00 - 272.30 USD/m3

                                                  Viva Success Ltd                 272.30      275.317
                                                  Amanab Forest Products Ltd       265.00   17,021.715
                                                  Green Point Limited              265.00       83.278
                                                  PJ Plantation Limited            265.00    1,972.168
                                                  Reach Niugini Construction       265.00      199.536
                                                  Woodbank Pacific Ltd             265.00    3,001.873
                                                  Summit Agriculture Ltd           260.00      185.260
                                                  Continental Alliance Ltd         260.00       52.226
                                                  Everwin Enterprises Ltd          260.00      281.708
                                                  Lucky Logging Limited            260.00      331.691
                                                  IFL Investment Ltd               255.00      421.673
                                                  Joinland Management (PNG) Ltd    250.00      152.057
                                                  Cakara Alam (PNG) Ltd            250.00      238.972
                                                  Golden Rise Investment Ltd       250.00      349.805
                                                  KK Connections Ltd               250.00      667.109
                                                  Rimbunan Hijau (PNG) Ltd         250.00       66.697
                                                  Tutuman Development Ltd          250.00      129.724
                                                  CS Boss International Ltd        250.00       68.171


Saw/Veneer Group 1 Lophopetallum/Perupok
 Mean Company FOB Price:            90.12 USD/m3; Range:   85.00 - 157.00 USD/m3
                                                  Viva Success Ltd                 157.00      10.698
                                                  KK Connections Ltd                90.00     128.638
                                                  Reach Niugini Construction        90.00       3.024
                                                  Aset Meriah (PNG) Ltd             90.00       2.886
                                                  CS Boss International Ltd         90.00       8.513
                                                  Everwin Enterprises Ltd           90.00      17.439
                                                  GL Niugini Pty Ltd                90.00      58.802
                                                  PJ Plantation Limited             90.00       5.483
                                                  PL Connection Ltd                 90.00       7.873
                                                  Rimbunan Hijau (PNG) Ltd          90.00      34.273
                                                  Cakara Alam (PNG) Ltd             89.45     277.777
                                                  Vanimo Jaya Ltd                   86.56     103.671
                                                  Green Point Limited               85.00      25.589




Report Number 21:   Page 4 of 13 pages                                                          21- 4

Page 118 screenshot
Grade / Species Group / Species                  Company/Group           Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Malas
 Mean Company FOB Price:            89.73 USD/m3; Range:   85.00 - 147.57 USD/m3
                                                  Viva Success Ltd                 147.57      31.405
                                                  CS Boss International Ltd         90.00   2,457.302
                                                  Rimbunan Hijau (PNG) Ltd          90.00   3,321.410
                                                  Bismarck Industries Ltd           90.00   1,201.930
                                                  Continental Alliance Ltd          90.00      31.938
                                                  Golden Rise Investment Ltd        90.00     121.314
                                                  IFL Investment Ltd                90.00      46.404
                                                  KK Connections Ltd                90.00      55.410
                                                  Milton Limited                    90.00      20.837
                                                  PJ Plantation Limited             90.00      39.761
                                                  Reach Niugini Construction        90.00      28.793
                                                  Summit Agriculture Ltd            90.00      98.912
                                                  Woodbank Pacific Ltd              90.00     600.283
                                                  Aset Meriah (PNG) Ltd             90.00     139.233
                                                  PL Connection Ltd                 90.00      12.678
                                                  Cakara Alam (PNG) Ltd             89.78   9,852.121
                                                  Vanimo Jaya Ltd                   86.32     310.464
                                                  Green Point Limited               85.00     724.599


Saw/Veneer Group 1 Pencil Cedar
 Mean Company FOB Price: 118.61 USD/m3; Range:             93.15 - 142.37 USD/m3
                                                  Viva Success Ltd                 142.37   3,784.136
                                                  IFL Investment Ltd               115.00     150.906
                                                  Aset Meriah (PNG) Ltd            115.00      22.726
                                                  Milton Limited                   115.00       5.054
                                                  Bismarck Industries Ltd          110.00       7.820
                                                  Continental Alliance Ltd         110.00      30.064
                                                  CS Boss International Ltd        110.00     274.233
                                                  Everwin Enterprises Ltd          110.00      19.529
                                                  GL Niugini Pty Ltd               110.00      56.632
                                                  Joinland Management (PNG) Ltd    110.00      21.108
                                                  Lucky Logging Limited            110.00     170.011
                                                  PJ Plantation Limited            110.00      31.022
                                                  Reach Niugini Construction       110.00     105.005
                                                  Summit Agriculture Ltd           110.00      32.557
                                                  Tutuman Development Ltd          110.00      38.348
                                                  Woodbank Pacific Ltd             110.00     549.340
                                                  PL Connection Ltd                110.00     152.431
                                                  Rimbunan Hijau (PNG) Ltd         110.00     509.021
                                                  KK Connections Ltd               107.08   1,209.815
                                                  Vanimo Jaya Ltd                  106.69   1,063.586
                                                  Green Point Limited              105.00     289.239
                                                  Cakara Alam (PNG) Ltd             93.15   1,628.652




Report Number 21:   Page 5 of 13 pages                                                         21- 5

Page 119 screenshot
Grade / Species Group / Species                  Company/Group            Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 PNG Mersawa
 Mean Company FOB Price: 106.35 USD/m3; Range:             90.00 - 110.00 USD/m3
                                                  GL Niugini Pty Ltd               110.00     582.647
                                                  Vanimo Jaya Ltd                  110.00   2,876.299
                                                  Everwin Enterprises Ltd          110.00   1,315.714
                                                  PJ Plantation Limited             90.00     101.342
                                                  IFL Investment Ltd                90.00     243.398
                                                  KK Connections Ltd                90.00      66.710
                                                  Reach Niugini Construction        90.00     654.981


Saw/Veneer Group 1 PNG Walnut
 Mean Company FOB Price:            89.42 USD/m3; Range:   85.00 - 104.05 USD/m3
                                                  Viva Success Ltd                 104.05     12.123
                                                  Bismarck Industries Ltd           90.00    251.340
                                                  Continental Alliance Ltd          90.00     21.462
                                                  CS Boss International Ltd         90.00     18.485
                                                  Everwin Enterprises Ltd           90.00     44.767
                                                  GL Niugini Pty Ltd                90.00      5.813
                                                  Golden Rise Investment Ltd        90.00    105.174
                                                  IFL Investment Ltd                90.00    593.310
                                                  Joinland Management (PNG) Ltd     90.00     19.769
                                                  KK Connections Ltd                90.00    693.587
                                                  Lucky Logging Limited             90.00    226.587
                                                  PJ Plantation Limited             90.00      6.014
                                                  Reach Niugini Construction        90.00      2.352
                                                  Rimbunan Hijau (PNG) Ltd          90.00     25.000
                                                  Summit Agriculture Ltd            90.00     54.267
                                                  Tutuman Development Ltd           90.00     12.688
                                                  Woodbank Pacific Ltd              90.00    338.781
                                                  Cakara Alam (PNG) Ltd             89.14    687.491
                                                  Vanimo Jaya Ltd                   86.22    418.457
                                                  Green Point Limited               85.00      9.884




Report Number 21:   Page 6 of 13 pages                                                         21- 6

Page 120 screenshot
Grade / Species Group / Species                  Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Red Canarium
 Mean Company FOB Price:            88.82 USD/m3; Range:   85.00 - 157.00 USD/m3
                                                  Viva Success Ltd                  157.00       5.192
                                                  Aset Meriah (PNG) Ltd              90.00       6.161
                                                  IFL Investment Ltd                 90.00     428.899
                                                  Bismarck Industries Ltd            90.00      67.215
                                                  Continental Alliance Ltd           90.00      21.640
                                                  CS Boss International Ltd          90.00     151.513
                                                  Golden Rise Investment Ltd         90.00     141.061
                                                  Joinland Management (PNG) Ltd      90.00     123.570
                                                  KK Connections Ltd                 90.00     675.472
                                                  Milton Limited                     90.00       9.947
                                                  PJ Plantation Limited              90.00      21.899
                                                  Reach Niugini Construction         90.00     291.281
                                                  Rimbunan Hijau (PNG) Ltd           90.00     733.247
                                                  Summit Agriculture Ltd             90.00      82.429
                                                  Tutuman Development Ltd            90.00      34.627
                                                  Woodbank Pacific Ltd               90.00     512.772
                                                  PL Connection Ltd                  90.00     102.658
                                                  Cakara Alam (PNG) Ltd              88.04   1,377.727
                                                  Vanimo Jaya Ltd                    86.95   1,317.089
                                                  Green Point Limited                85.00     224.626


Saw/Veneer Group 1 Red Planchonella
 Mean Company FOB Price:            89.04 USD/m3; Range:   85.00 - 90.00   USD/m3

                                                  KK Connections Ltd                 90.00     20.212
                                                  CS Boss International Ltd          90.00     21.652
                                                  Everwin Enterprises Ltd            90.00    100.113
                                                  GL Niugini Pty Ltd                 90.00      6.590
                                                  Golden Rise Investment Ltd         90.00     26.701
                                                  IFL Investment Ltd                 90.00    144.465
                                                  PL Connection Ltd                  90.00      1.058
                                                  Woodbank Pacific Ltd               90.00    133.006
                                                  Vanimo Jaya Ltd                    86.60    125.542
                                                  Cakara Alam (PNG) Ltd              86.38      8.370
                                                  Green Point Limited                85.00     27.018




Report Number 21:   Page 7 of 13 pages                                                          21- 7

Page 121 screenshot
Grade / Species Group / Species          Company/Group          Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Taun
 Mean Company FOB Price: 110.49 USD/m3; Range: 106.29 - 149.93 USD/m3

                                          Viva Success Ltd                149.93    1,317.948
                                          Aset Meriah (PNG) Ltd           115.00       92.930
                                          IFL Investment Ltd              115.00    4,507.217
                                          Milton Limited                  115.00       61.234
                                          Continental Alliance Ltd        110.00       23.760
                                          Golden Rise Investment Ltd      110.00    4,849.830
                                          Reach Niugini Construction      110.00      121.596
                                          Rimbunan Hijau (PNG) Ltd        110.00    4,240.899
                                          Bismarck Industries Ltd         110.00    1,075.297
                                          CS Boss International Ltd       110.00    1,655.885
                                          Everwin Enterprises Ltd         110.00      489.564
                                          Green Point Limited             110.00    1,974.624
                                          Joinland Management (PNG) Ltd   110.00    3,454.221
                                          KK Connections Ltd              110.00    7,044.116
                                          Lucky Logging Limited           110.00      796.142
                                          PL Connection Ltd               110.00      571.501
                                          Woodbank Pacific Ltd            110.00      454.109
                                          PJ Plantation Limited           110.00      198.795
                                          Summit Agriculture Ltd          110.00       99.485
                                          Tutuman Development Ltd         110.00    2,813.175
                                          Cakara Alam (PNG) Ltd           107.94   17,928.180
                                          Vanimo Jaya Ltd                 106.29    2,998.392




Report Number 21:   Page 8 of 13 pages                                                 21- 8

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Grade / Species Group / Species                  Company/Group           Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 1 Terminalia
 Mean Company FOB Price:            90.95 USD/m3; Range:   85.00 - 125.57 USD/m3
                                                  Viva Success Ltd                 125.57     414.654
                                                  Aset Meriah (PNG) Ltd             90.00      22.400
                                                  Bismarck Industries Ltd           90.00     166.473
                                                  Continental Alliance Ltd          90.00      30.552
                                                  CS Boss International Ltd         90.00     598.618
                                                  Everwin Enterprises Ltd           90.00     215.431
                                                  Golden Rise Investment Ltd        90.00     335.713
                                                  IFL Investment Ltd                90.00     669.175
                                                  Joinland Management (PNG) Ltd     90.00       4.754
                                                  KK Connections Ltd                90.00   1,781.190
                                                  Lucky Logging Limited             90.00     314.470
                                                  PJ Plantation Limited             90.00      51.719
                                                  PL Connection Ltd                 90.00      85.620
                                                  Reach Niugini Construction        90.00     167.494
                                                  Rimbunan Hijau (PNG) Ltd          90.00   1,010.236
                                                  Summit Agriculture Ltd            90.00     158.869
                                                  Tutuman Development Ltd           90.00      28.549
                                                  Woodbank Pacific Ltd              90.00     824.089
                                                  GL Niugini Pty Ltd                90.00      64.759
                                                  Milton Limited                    90.00       1.678
                                                  Cakara Alam (PNG) Ltd             89.28   1,495.012
                                                  Vanimo Jaya Ltd                   86.48     972.077
                                                  Green Point Limited               85.00     223.211


Saw/Veneer Group 1 White Planchonella
 Mean Company FOB Price:            88.94 USD/m3; Range:   59.40 - 137.31 USD/m3
                                                  Viva Success Ltd                 137.31     10.122
                                                  Bismarck Industries Ltd           90.00      8.071
                                                  CS Boss International Ltd         90.00     15.685
                                                  Everwin Enterprises Ltd           90.00      5.574
                                                  KK Connections Ltd                90.00    162.587
                                                  Lucky Logging Limited             90.00    148.817
                                                  PL Connection Ltd                 90.00     64.599
                                                  Rimbunan Hijau (PNG) Ltd          90.00    338.635
                                                  Woodbank Pacific Ltd              90.00      2.815
                                                  Aset Meriah (PNG) Ltd             90.00     30.579
                                                  Cakara Alam (PNG) Ltd             89.86    570.916
                                                  Green Point Limited               85.00    211.646
                                                  Vanimo Jaya Ltd                   85.00     13.226
                                                  IFL Investment Ltd                59.40     32.337




Report Number 21:   Page 9 of 13 pages                                                         21- 9

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Grade / Species Group / Species                   Company/Group          Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 2
 Mean Company FOB Price:             80.11 USD/m3; Range:   78.59 - 124.56 USD/m3
                                                   Viva Success Ltd                 124.56       9.958
                                                   CS Boss International Ltd         85.00   1,204.215
                                                   Everwin Enterprises Ltd           80.00      90.191
                                                   Lucky Logging Limited             80.00     199.987
                                                   Aset Meriah (PNG) Ltd             80.00     267.754
                                                   Bismarck Industries Ltd           80.00     375.840
                                                   Continental Alliance Ltd          80.00      25.513
                                                   GL Niugini Pty Ltd                80.00     624.565
                                                   Green Point Limited               80.00     605.164
                                                   IFL Investment Ltd                80.00     338.596
                                                   Joinland Management (PNG) Ltd     80.00     215.022
                                                   KK Connections Ltd                80.00     935.264
                                                   Milton Limited                    80.00     303.433
                                                   PJ Plantation Limited             80.00     194.676
                                                   Reach Niugini Construction        80.00     123.907
                                                   Rimbunan Hijau (PNG) Ltd          80.00     828.822
                                                   Tutuman Development Ltd           80.00      21.431
                                                   Golden Rise Investment Ltd        80.00     530.781
                                                   PL Connection Ltd                 80.00     515.770
                                                   Summit Agriculture Ltd            80.00     208.620
                                                   Woodbank Pacific Ltd              80.00     161.110
                                                   Cakara Alam (PNG) Ltd             79.73   2,778.252
                                                   Vanimo Jaya Ltd                   78.59   3,001.370




Report Number 21:   Page 10 of 13 pages                                                         21- 10

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Grade / Species Group / Species                   Company/Group          Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 3
 Mean Company FOB Price:             76.67 USD/m3; Range:   71.67 - 116.65 USD/m3
                                                   Viva Success Ltd                 116.65   1,300.321
                                                   CS Boss International Ltd         80.00   1,241.337
                                                   Everwin Enterprises Ltd           75.00     840.620
                                                   PJ Plantation Limited             75.00     243.424
                                                   Bismarck Industries Ltd           75.00     149.333
                                                   Continental Alliance Ltd          75.00     103.422
                                                   GL Niugini Pty Ltd                75.00     949.668
                                                   KK Connections Ltd                75.00   3,398.474
                                                   Lucky Logging Limited             75.00   1,451.800
                                                   Milton Limited                    75.00     145.377
                                                   Reach Niugini Construction        75.00     185.316
                                                   Summit Agriculture Ltd            75.00     371.761
                                                   Woodbank Pacific Ltd              75.00   1,467.299
                                                   Golden Rise Investment Ltd        75.00   1,135.124
                                                   IFL Investment Ltd                75.00     887.197
                                                   Joinland Management (PNG) Ltd     75.00       9.893
                                                   Rimbunan Hijau (PNG) Ltd          75.00   1,653.644
                                                   Tutuman Development Ltd           75.00      50.908
                                                   Aset Meriah (PNG) Ltd             75.00     840.976
                                                   Green Point Limited               75.00     621.215
                                                   PL Connection Ltd                 75.00     372.646
                                                   Cakara Alam (PNG) Ltd             73.89   3,889.969
                                                   Vanimo Jaya Ltd                   71.67   4,080.718




Report Number 21:   Page 11 of 13 pages                                                         21- 11

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Grade / Species Group / Species                   Company/Group             Ave FOB USD/m3 Volume, m3

Saw/Veneer Group 4
 Mean Company FOB Price:             70.03 USD/m3; Range:   66.97 - 110.87 USD/m3
                                                   Viva Success Ltd                  110.87     459.089
                                                   CS Boss International Ltd          75.00   1,604.626
                                                   PL Connection Ltd                  70.00     414.529
                                                   Golden Rise Investment Ltd         70.00     472.414
                                                   Milton Limited                     70.00     259.905
                                                   Aset Meriah (PNG) Ltd              70.00     904.956
                                                   Bismarck Industries Ltd            70.00     322.576
                                                   Continental Alliance Ltd           70.00     245.901
                                                   GL Niugini Pty Ltd                 70.00   3,569.559
                                                   Lucky Logging Limited              70.00     588.991
                                                   Reach Niugini Construction         70.00     269.907
                                                   Summit Agriculture Ltd             70.00     717.723
                                                   Everwin Enterprises Ltd            70.00   1,317.571
                                                   Green Point Limited                70.00   1,117.645
                                                   IFL Investment Ltd                 70.00   1,854.593
                                                   Joinland Management (PNG) Ltd      70.00      48.341
                                                   KK Connections Ltd                 70.00   2,791.153
                                                   PJ Plantation Limited              70.00     334.511
                                                   Rimbunan Hijau (PNG) Ltd           70.00   2,349.565
                                                   Tutuman Development Ltd            70.00      36.099
                                                   Woodbank Pacific Ltd               70.00   1,071.245
                                                   Cakara Alam (PNG) Ltd              69.28   4,636.766
                                                   Vanimo Jaya Ltd                    66.97   7,416.083


Plantation diam 60+ cm: regular Kamarere (e) regular (plntn)
 Mean Company FOB Price: 142.00 USD/m3; Range: 142.00 - 142.00 USD/m3

                                                   Open Bay Timber Ltd               142.00    437.554


Plantation diam 50 - 59 cm: small Kamarere (d) small (plntn)
 Mean Company FOB Price: 128.00 USD/m3; Range: 128.00 - 128.00 USD/m3

                                                   Open Bay Timber Ltd               128.00    603.561


Plantation diam 40 - 49 cm: super small Kamarere (c) super small
(plntn)
 Mean Company FOB Price: 114.00 USD/m3; Range: 114.00 - 114.00 USD/m3

                                                   Open Bay Timber Ltd               114.00   1,171.453


Plantation diam 30 - 39 cm: baby small Kamarere (b) baby small
(plntn)
 Mean Company FOB Price:             92.00 USD/m3; Range:   92.00 - 92.00   USD/m3

                                                   Open Bay Timber Ltd                92.00   2,671.091



Report Number 21:   Page 12 of 13 pages                                                          21- 12

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Grade / Species Group / Species                   Company/Group             Ave FOB USD/m3 Volume, m3

Plantation diam 20 - 29 cm: tiny small Teak (b) tiny small (plntn)
 Mean Company FOB Price: 250.00 USD/m3; Range: 250.00 - 250.00 USD/m3

                                                   East Papua Timber Resources Ltd   250.00     222.398


Plantation diam 20 - 29 cm: tiny small Kamarere (a) tiny small
(plntn)
 Mean Company FOB Price:             54.50 USD/m3; Range:   54.50 - 54.50   USD/m3

                                                   Open Bay Timber Ltd                54.50    1,611.549


Plantation diam 00 - 19 cm: little small Teak (a) little small (plntn)
 Mean Company FOB Price: 250.00 USD/m3; Range: 250.00 - 250.00 USD/m3

                                                   East Papua Timber Resources Ltd   250.00     125.314


Low Grade
 Mean Company FOB Price:             57.39 USD/m3; Range:   50.00 - 180.00 USD/m3
                                                   PJ Plantation Limited             180.00      404.400
                                                   Reach Niugini Construction         65.00    2,228.577
                                                   Aset Meriah (PNG) Ltd              60.00    4,508.861
                                                   Continental Alliance Ltd           60.00      423.880
                                                   Everwin Enterprises Ltd            60.00    1,566.296
                                                   Lucky Logging Limited              60.00    5,004.889
                                                   Summit Agriculture Ltd             60.00    1,830.561
                                                   Milton Limited                     60.00    2,939.940
                                                   Samas Ltd                          60.00    1,613.851
                                                   Cakara Alam (PNG) Ltd              55.05   10,016.671
                                                   IFL Investment Ltd                 55.00    4,250.240
                                                   Golden Rise Investment Ltd         55.00    1,814.022
                                                   Tutuman Development Ltd            55.00    1,758.000
                                                   CS Boss International Ltd          55.00      711.228
                                                   Viva Success Ltd                   55.00    4,413.053
                                                   Rimbunan Hijau (PNG) Ltd           50.80    1,369.766
                                                   KK Connections Ltd                 50.00    6,736.168




Report Number 21:   Page 13 of 13 pages                                                           21- 13

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          Annual Export Quotas and Log Export
         Volumes during the Current Quota Period

Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Kamdaru-Siaman-Lamasa (TP 16-35)                                                        4,231        Quota Data
                                                                                                     Unavailable
Lolo Block 2 (21403)                                                                   27,372        Quota Data
                                                                                                     Unavailable
East Arawe TP (11455)                                                                  61,178        Quota Data
                                                                                                     Unavailable
East Awin (FMA 60101)                                                                  33,010        Quota Data
                                                                                                     Unavailable
Far North Coast TRP (TP 11212)                                                         16,384        Quota Data
                                                                                                     Unavailable
Gar Consolidated TRP (TP 11544)                                                        40,748        Quota Data
                                                                                                     Unavailable
Gara Modewa TRP (TP 10406)                                                             33,072        Quota Data
                                                                                                     Unavailable
Gweinif Wagasu Agro-Forestry (FCA 71                                                   32,400        Quota Data
                                                                                                     Unavailable
Dengnenge "A"Intergrated Agri (FCA71                                                   41,385        Quota Data
                                                                                                     Unavailable
Illi Wawas/Masarau (FCA 71502)                                                         37,242        Quota Data
                                                                                                     Unavailable
DANFU Block 12,13,14,15&18 (11640)                                                     38,044        Quota Data
                                                                                                     Unavailable
Kapuluk Timber Project (11450)                                                         22,103        Quota Data
                                                                                                     Unavailable
Konoagil Inter.Agri.Proj. (FCA 71603)                                                 132,371        Quota Data
                                                                                                     Unavailable
Kui - Buso Consolidated TRP (TP 11332                                                     359        Quota Data
                                                                                                     Unavailable
Kumil (11222)                                                                          58,978        Quota Data
                                                                                                     Unavailable
Lak TRP Project (TP 11643)                                                             49,997        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 1 of 4 pages               Printed: Sunday, 30 January 2022                           22- 1

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Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Lako Imila (PNGFAL - 682/10)-20302                                                     32,859        Quota Data
                                                                                                     Unavailable
Aitape Lumi Consolidated FMA (61003)                                                   71,578        Quota Data
                                                                                                     Unavailable
Idam-Saiwi Inter Agri Proj (FCA 71009)                                                 46,217        Quota Data
                                                                                                     Unavailable
Awio Amgen (21409)                                                                     22,676        Quota Data
                                                                                                     Unavailable
Aliai-Sisimi-Hargy Consolidated TP 114                                                 36,278        Quota Data
                                                                                                     Unavailable
Alimbit Andru (TP 11408)                                                               34,267        Quota Data
                                                                                                     Unavailable
Amanab Blocks 1-4 FMA (61001)                                                          94,875        Quota Data
                                                                                                     Unavailable
Amanab Blocks 5 & 6 FMA 110-4 (6100                                                    51,866        Quota Data
                                                                                                     Unavailable
Andru Johana (LFA 21410)                                                               16,568        Quota Data
                                                                                                     Unavailable
Ania Integrated Agri FCA 15-17                                                          7,685        Quota Data
                                                                                                     Unavailable
Ania Kapiura Consolidated (11452)                                                      91,184        Quota Data
                                                                                                     Unavailable
Dengnenge 'B' Agro Forestry (FCA 7151                                                  86,038        Quota Data
                                                                                                     Unavailable
Apong Agric - (FCA 71301)                                                               5,567        Quota Data
                                                                                                     Unavailable
Lower Musa Agro, (FCA 70505)                                                           30,314        Quota Data
                                                                                                     Unavailable
Bewani LFA (21001)                                                                      2,117        Quota Data
                                                                                                     Unavailable
Bonua Magarida TRP (TP 03-28)                                                          68,181        Quota Data
                                                                                                     Unavailable
Brown River/Kuriva (10337)                                                              1,470        Quota Data
                                                                                                     Unavailable
Buhem Mongi Busiga (11338)                                                             16,442        Quota Data
                                                                                                     Unavailable
Cape Offord (TP 11548)                                                                 13,333        Quota Data
                                                                                                     Unavailable
Central New Ireland (11642)                                                            80,396        Quota Data
                                                                                                     Unavailable
Cloudy Bay (FMA 60301)                                                                 54,332        Quota Data
                                                                                                     Unavailable
Ania Kapuira Forest Pltn (TP 11403)                                                       403        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 2 of 4 pages               Printed: Sunday, 30 January 2022                           22- 2

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Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Wagana Wagasu Large scale (FCA 10-                                                     11,504        Quota Data
                                                                                                     Unavailable
Lolo Block 1 (21402)                                                                      880        Quota Data
                                                                                                     Unavailable
Seraji EXN TRP PROJ. (TP 11558)                                                        27,572        Quota Data
                                                                                                     Unavailable
Suikol Intergrated Agro (FCA 15-13)                                                     3,274        Quota Data
                                                                                                     Unavailable
Taraiwara(Ext) Agro Reforest.(FCA 715                                                  50,366        Quota Data
                                                                                                     Unavailable
Tewelas: Konos-Pue TRP (TP11632)                                                       17,102        Quota Data
                                                                                                     Unavailable
Ulamona consolidated TRP (TP 11443)                                                    27,464        Quota Data
                                                                                                     Unavailable
Ulewun Kamarere WoodLot (TP14-85)                                                       9,032        Quota Data
                                                                                                     Unavailable
Semon (FCA 71302)                                                                      19,290        Quota Data
                                                                                                     Unavailable
Vanimo Block 3,4 & 5 (TP: 10-11)                                                       12,852        Quota Data
                                                                                                     Unavailable
Sapo Agroforest Dev Block 8A (TA 10-1                                                   1,849        Quota Data
                                                                                                     Unavailable
Wammy Rural Development Pro. (FCA7                                                     27,841        Quota Data
                                                                                                     Unavailable
Wanigela Tree Plantation (FCA 70506)                                                   31,849        Quota Data
                                                                                                     Unavailable
Wasu Cattle farm (FCA 13-03)                                                           10,007        Quota Data
                                                                                                     Unavailable
Waterfall bay Extn CONS.TRP(TP 1155                                                    56,649        Quota Data
                                                                                                     Unavailable
Wawoi Guavi (10107)                                                                    29,931        Quota Data
                                                                                                     Unavailable
West Gadaisu TRP (10329)                                                                9,016        Quota Data
                                                                                                     Unavailable
Wewak/Turubu (FCA 71103)                                                               50,863        Quota Data
                                                                                                     Unavailable
Utnari Land Agro-Forestry (FCA 15-21)                                                  35,469        Quota Data
                                                                                                     Unavailable
Musu-SaberjinSossi (TP11009)                                                            7,483        Quota Data
                                                                                                     Unavailable
Lower Sepik (LFA 21101)                                                                 2,449        Quota Data
                                                                                                     Unavailable
Makapa Timber Area (10109)                                                             74,826        Quota Data
                                                                                                     Unavailable



*during quota period
Report Number 22: Page 3 of 4 pages               Printed: Sunday, 30 January 2022                           22- 3

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Site                                  Quota Start Date Quota End Date Quota (m3) Exported (m3)* % of Quota Exported
Makolkol Intergrated Agri. (FCA 71509)                                                  9,162        Quota Data
                                                                                                     Unavailable
Meander May Valley int.Agri. (FCA 7110                                                  8,864        Quota Data
                                                                                                     Unavailable
Miama B TRP (TP 11337)                                                                    516        Quota Data
                                                                                                     Unavailable
Morevona -Agro Forestry FCA14-03                                                        7,808        Quota Data
                                                                                                     Unavailable
Morobe Coast TRP (TP 11335) Mopi Ca                                                    51,276        Quota Data
                                                                                                     Unavailable
Senbam Cons. TRP (TP11552)                                                             97,074        Quota Data
                                                                                                     Unavailable
Mussau TRP Project (TP 11641)                                                          60,551        Quota Data
                                                                                                     Unavailable
Wipim Tapila FMA (60110)                                                               24,664        Quota Data
                                                                                                     Unavailable
Nakmai LFA (TP 11601)                                                                  14,599        Quota Data
                                                                                                     Unavailable
Open Bay Consolidated [Pltn] (11501)                                                   44,802        Quota Data
                                                                                                     Unavailable
Ormand Lako TRP Project (TP 10330)                                                     31,343        Quota Data
                                                                                                     Unavailable
Pakalua Agri. Forestry Intr (FCA 71402)                                                13,735        Quota Data
                                                                                                     Unavailable
Pohowa Agro_Forestry (FCA 71801)                                                        2,636        Quota Data
                                                                                                     Unavailable
Raicoast (11218)                                                                       26,055        Quota Data
                                                                                                     Unavailable
Rottock Bay Consolidated (FMA 61402)                                                  122,042        Quota Data
                                                                                                     Unavailable
Mosaleim TRP (TP 11457)                                                                38,509        Quota Data
                                                                                                     Unavailable




*during quota period
Report Number 22: Page 4 of 4 pages               Printed: Sunday, 30 January 2022                           22- 4

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