A New Brand Of Carbon OffsetsNick Baily, Founding Member & CEO

The Richest 1% Account For Over 40% Of The World’s Wealth:

The Richest 7% Account For Over Half The World’s GHG Emissions:

$0

$200

$400

$600

$800

$1,000

$1,200

2003 2004 2005 2006 2007 2008 (est)

U.S. VOLUNTARY OFFSET MARKET

$USD (MILLIONS)

Source: New Carbon Finance Study, May 2008

Voluntary Offset Purchases Are Tripling Year Over Year

Yet The Most Critical Population Is Being Ignored…

Category Four: A New Brand Of Carbon Offsets, The Belgrave Trust

Every Commoditized Market Eventually Supports a Luxury Offering:

Ease Through Simplicity

Innovation Via Markets

Strength From Diversification

The Belgrave Trust450 Park Avenue, 9th Floor

New York, NY 10016Main: 212.655.9567 | Fax: 347.521.2448

WWW.BELGRAVETRUST.COM

Nick Bailynick@belgravetrust.com

Jeffrey A. Stewart

jeff@belgravetrust.com

Steven Zismansteven@belgravetrust.com