• In September 2018, RGE Pte LTD (“RGE”) concluded the acquisition of Brazil’s pulp producer Lwarcel Celulose from Lwart Group

– Lwarcel will be managed as a member of Bracell Group, which operates RGE’s cellulose businesses in Brazil. Bracell Group will now comprise Lwarcel and Bahia Specialty Cellulose (BSC), one of the largest specialty cellulose producers in the world

– The acquisition is in line with RGE’s strategy to increase its global pulp capacity for competitive advantage

• Founded in 1986 and located in Lençóis Paulista (SP), Lwarcel operates a 250,000 ton pulp mill (eucalyptus)

– The company also has a project to expand capacity to 1 million ton per year

• Headquartered in Singapore, RGE manages a group of resource-based manufacturing companies with global operations. The assets held by RGE companies exceeds US$18 billion

– With more than 60,000 employees, RGE has operations in Indonesia, China, Brazil, Spain and Canada