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RNS - DGB Group provides update on agreement with leading car manufacturer

Company: DGB Group N.V. Date: 2024-05-14 Language: English Register to download
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**Press Release**

# **DGB Group provides update on agreement with leading car manufacturer**

14 May 2024 | 07:00h CET

**DGB Group N.V. ("DGB" or "the Group") (Euronext: DGB: NL0009169515), a leading carbon project developer and ecosystem restoration company, provides an update on its agreement with a leading car manufacturer ("the Client"), which was signed on 30 October 2023.**

The agreement granted the Client exclusivity and the option to acquire carbon units from DGB's esteemed Bulindi Chimpanzee Habitat Restoration Project, to be verified under Gold Standard number GS 12226 (the "**Project**"). The commitment followed the announcement that the Project would be featured in the BBC's upcoming 'Planet Earth III' documentary series, narrated by David Attenborough. The episode spotlighting the Bulindi Chimpanzees aired in the UK on 19 November 2023, with further broadcasts scheduled across various European regions thereafter.

Initially, the agreement stated that the exact volume for purchase was to be confirmed by 31 December 2023. DGB offered an extension on the option to 31 January 2024 and, in accordance with this newly agreed deadline, the Client sent the option exercise notice on 30 January 2024, which confirmed the purchase volume of 240,000 carbon units.

The exercise of the option agreement and the agreed purchase volume of 240,000 carbon units has been taken into account in DGB's financial outlook, as mentioned in its 2023 annual report and recent Q1 update.

DGB will continue to communicate any new information to the market as it becomes available.

## **About the project**

The Bulindi Chimpanzee Habitat Restoration Project is a groundbreaking afforestation initiative located in western Uganda. It addresses the urgent conservation needs in the Hoima and Masindi districts, which are home to over 300 wild chimpanzees living in diminishing forest fragments on agricultural land.

The Project's community-centred approach collaborates with local communities to find sustainable solutions that benefit both the chimpanzees and the local populace.

Initiatives include providing energy-saving stoves, seedlings for woodlots, forest enrichment planting, and training in conservation farming, among others.

The overarching goal of the Project is to plant 4.5 million trees over the next six years and restore 8,290 hectares of degraded land. It's projected to generate approximately 4.3 million verified carbon credits over its 41-year lifespan, resulting in anticipated gross revenues of €63.4 million. Notably, 25% of these proceeds will directly benefit local communities.

## **About DGB**

DGB is a project developer of high-quality, large-scale carbon and biodiversity projects accredited by third parties. The Group is focused on nature conservation and helping biodiversity flourish by assisting governments and corporations in achieving net zero. Global megatrends drive the demand for carbon credits and underpin growth opportunities. DGB GROUP NV is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. [www.green.earth](http://www.green.earth)

### **Disclaimer**

This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB's services and products is subject to its General Terms and Conditions.

## **Press Release**

## **DGB Group geeft update over overeenkomst met een toonaangevende autofabrikant**

14 mei 2024 | 07:00h CET

**DGB Group N.V. ("DGB" of "de Groep") (Euronext: DGB: NL0009169515), een toonaangevend natuurprojectontwikkelaar en ecosysteemherstelbedrijf, geeft een update over de overeenkomst met een toonaangevende autofabrikant (de "Klant"), die werd ondertekend op 30 oktober 2023.**

De overeenkomst gaf de Klant exclusiviteit en de optie om CO2-certificaten van DGB's gewaardeerde Bulindi Chimpanzee Habitat Restoration Project te kopen, geverifieerd onder Gold Standard nummer GS 12226 ("het Project"). De toezegging volgde op de aankondiging dat het Project zou worden getoond in de aankomende documentaire 'Planet Earth III' van de BBC, met voice-over van David Attenborough. De aflevering over de Bulindi Chimpansees werd uitgezonden in het VK op 19 november 2023, met verdere uitzendingen gepland in verschillende Europese regio's daarna.

Aanvankelijk stelde de overeenkomst dat het exacte volume voor aankoop bevestigd zou worden voor 31 december 2023. DGB bood een verlenging van de optie aan tot 31 januari 2024 en, in overeenstemming met deze nieuw overeengekomen deadline, verstuurde de Klant de kennisgeving van uitoefening van de optie op 30 januari 2024, die het aankoopvolume van 240.000 CO2-certificaten bevestigde.

De uitoefening van de optieovereenkomst en het overeengekomen aankoopvolume van 240.000 CO2-certificaten zijn meegenomen in de financiële vooruitzichten van DGB, zoals vermeld in het jaarverslag van 2023 en de recente update van Q1.

DGB kijkt uit naar de afronding en zal nieuwe informatie blijven communiceren naar de markt zodra deze beschikbaar komt.

#### **Over het project**

Het Bulindi Chimpanzee Habitat Restoration Project is een baanbrekend bebossingsinitiatief in West-Oeganda. Het komt tegemoet aan de urgente behoeften op het gebied van natuurbehoud in de districten Hoima en Masindi, waar meer dan 300 wilde chimpansees leven in steeds kleiner wordende bosfragmenten op landbouwgrond.

De gemeenschapsgerichte aanpak van het project werkt samen met lokale gemeenschappen om duurzame oplossingen te vinden die zowel de chimpansees als de lokale bevolking ten goede komen. Initiatieven omvatten onder meer het leveren van energiebesparende kachels, zaailingen voor bospercelen, bebossing en training in CO₂-landbouw.

Het overkoepelende doel van het project is om vier en een half miljoen bomen te planten en 8.290 hectare aangetast land te herstellen gedurende de levensduur van 41

jaar. Er wordt verwacht dat het binnen een periode van 41 jaar ongeveer 4,3 miljoen geverifieerde CO₂-reductiecertificaten zal genereren, resulterend in verwachte bruto-inkomsten van €€63.4 miljoen tegen deze prijs per certificaat. Met name zal 25% van deze opbrengst ten goede komen aan de lokale bevolking.

De projectlocaties zullen te zien zijn in een komende aflevering van de documentaireserie 'Planet Earth III'. De aflevering waarin de Bulindi-chimpansees centraal staan, zal op zondag 19 november in Groot-Brittannië worden uitgezonden en kort daarna in verschillende regio's van Europa worden uitgezonden. Dit kenmerk is een bewijs van de substantiële impact van het project op natuurbehoudsinspanningen en zijn rol bij het bevorderen van ecologische duurzaamheid.

### **Disclaimer**

This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain an (invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including about the financial position of DGB, the results it achieved and the business(es) it runs. Forward-looking statements are all statements that do not relate to historical facts. These statements are based on information currently available and forecasts and estimates made by DGB's management. Although DGB believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to or contribute to differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation, DGB assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise. The provision of DGB's services and products is subject to its General Terms and Conditions.