Forestry 1 AN IMPORTANT ASSET OF THE AMORIM BUSINESS PORTFOLIO

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Lynne Briggs
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1 Forestry 2012

Forestry AN IMPORTANT ASSET OF THE AMORIM BUSINESS PORTFOLIO The Alentejo and Douro Wine regions are the two Portuguese regions where Amorim undertakes its forestry and agricultural activities.

3 Forestry AN IMPORTANT ASSET OF THE AMORIM BUSINESS PORTFOLIO The Alentejo and Douro Wine regions are the two Portuguese regions where Amorim undertakes its forestry and agricultural activities. The nature-related businesses, predominantly in Portugal but now also in Mozambique, have formed one of the cornerstones of the Group's activity for many years, which is proud of its contribution to the sustainable development of the economy. Farming in Portugal Farming in Mozambique Cork oak forests Olive and pine groves Livestock farming Wine production Wine tourism Gourmet products Forestry 1

The beautiful region of the Douro Valley, World Heritage Site, is the area where one of the key sectors of the nature-related business of the Américo Amorim group operates, namely: wine

5 The beautiful region of the Douro Valley, World Heritage Site, is the area where one of the key sectors of the nature-related business of the Américo Amorim group operates, namely: wine production and wine tourism. We have two important estates in this region: Quinta Nova de Nossa Senhora do Carmo and Quinta de S. Cibrão, which jointly cover an area of 300 hectares. PORTUGAL DOURO

Quinta Nova de Nossa Senhora do Carmo An eighteenth century estate in the heart of

hectares, extending alongside the River Douro over one of its most emblematic

This is one of the oldest estates of the region, dating from the Pombaline era,

6 Quinta Nova de Nossa Senhora do Carmo An eighteenth century estate in the heart of Alto Douro Quinta Nova de Nossa Senhora do Carmo has an approximate area of 120 hectares, extending alongside the River Douro over one of its most emblematic sections. This is one of the oldest estates of the region, dating from the Pombaline era, proven by the 1768 Pombaline landmark and the eighteenth century chapel, that gives a certain nobility to the property. The magnificent vineyards of Quinta Nova de Nossa Senhora do Carmo, with excellent sun exposure, are classified with the letter A. The vineyards run alongside the winding River Douro over a distance of 1.5 Km. 4 Forestry

The Vineyards and the Wine Tradition and innovation The attitude of respect for the rich local winemaking traditions, combined with a strong commitment to innovation and the

8 The Vineyards and the Wine Tradition and innovation The attitude of respect for the rich local winemaking traditions, combined with a strong commitment to innovation and the uncompromising quality of products and brands, has generated extremely positive results, resulting in the creation of some of the best table wines and ports of this demarcated region. 6 Forestry

WINE TOURISM The vineyard and wine as the source of inspiration Amorim, which is a pioneer in the development of wine tourism in Portugal and the Douro region, has an exemplary location in Quinta

11 WINE TOURISM The vineyard and wine as the source of inspiration Amorim, which is a pioneer in the development of wine tourism in Portugal and the Douro region, has an exemplary location in Quinta Nova de Nossa Senhora do Carmo, which has already won several national and international awards. This project with the vineyard and wine as the primary sources of inspiration offers visitors a wide range of innovative recreational activities, besides wine tours and wine tasting, such as: hiking trails, wine caching, the Olive Oil Route and Nordic walking. Forestry 9

Wine Hotel Pioneering project in Portugal, winner of international awards The Quinta Nova de Nossa Senhora do Carmo Country Hotel was Portugal's first wine hotel.

12 Wine Hotel Pioneering project in Portugal, winner of international awards The Quinta Nova de Nossa Senhora do Carmo Country Hotel was Portugal's first wine hotel. It combines architecture of strong personality with the exquisite decoration of the region, offering 11 rooms with magnificent views of the River Douro. The hotel provides an unforgettable stay in the Alto Douro Winemaking Region. Best of Wine Tourism Award 2007 Accommodation Category Best of Wine Tourism Award 2008 Architecture and Landscape Category GLOBAL Best of Wine Tourism Award 2009 International Art and Culture Category Best of Wine Tourism Award 2010 Innovative Wine Experience Category 10 Forestry

The project is based in the emblematic Pinhão railway station, which is highly valued and renowned for its magnificent

14 Wine House A space devoted to the world of wine The wine tourism project includes the Wine House, which is a space dedicated to the world of wine. The project is based in the emblematic Pinhão railway station, which is highly valued and renowned for its magnificent collection of tiles covering its main building, dating to The Wine House project occupies an area of 460 m 2 and includes a wine store, a terrace, a small museum and a room for holding events. 12 Forestry

part in the architectural recovery of the historial

15 Wine Museum The Wine House Project won the Global Winner Best Wine Tourism Art and Culture for its part in the architectural recovery of the historial heritage and in boosting the economy of the region. Forestry 13

16 QUINTA NOVA WINES Some of the most awarded Douro wines A wide and award-winning number of different wines make up the range of winery products on offer at Quinta Nova, 4 of which are Port wines with an excellent reputation and 10 Douro wines, tranquil, with a classical structure and a fresh and aromatic style. 14 Forestry

17 Our brands Quinta Nova Port Wines: Vintage Port Late Bottled Vintage Port Clã Special Reserve Quinta Nova Wines: Grande Reserva Clássico Grande Reserva Referência Grande Reserva Touriga Nacional Reserva Colheita Grainha Wines: Reserva White Reserva Red Pomares Wines: White, Red and Moscatel White

AWARDED DOURO WINES Quinta Nova de Nossa Senhora do Carmo Grande Reserva Clássico (2005) Old World Best Red TOP TEN - Expovinis, Brazil, 2008 (2006) Gold - Sélections Mondiales, Canada, 2009 (2007)

points - Wine Enthusiast, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Grande Reserva Touriga Nacional (2006) Gold (Best in Class) - International Wine and Spirits Competition, United Kingdom,

Wine Enthusiast, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Grande Reserva Referência (2008) 91/100 points - Wine Enthusiast, USA, 2011 (2008) 91/100 points - Robert Parker, USA, 2011 (2009)

18 AWARDED DOURO WINES Quinta Nova de Nossa Senhora do Carmo Grande Reserva Clássico (2005) Old World Best Red TOP TEN - Expovinis, Brazil, 2008 (2006) Gold - Sélections Mondiales, Canada, 2009 (2007) 94/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 92/100 points (Cellar Selection) - Wine Enthusiast, USA, 2010 (2009) 93/100 points - Robert Parker, USA, 2012 (2009) 93/100 points - Wine Enthusiast, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Grande Reserva Touriga Nacional (2006) Gold (Best in Class) - International Wine and Spirits Competition, United Kingdom, 2009 (2007) 94/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 92/100 points - Wine Spectator, USA, 2011 (2009) 92/100 points - Robert Parker, USA, 2012 (2009) 92/100 points - Wine Enthusiast, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Grande Reserva Referência (2008) 91/100 points - Wine Enthusiast, USA, 2011 (2008) 91/100 points - Robert Parker, USA, 2011 (2009) 94/100 points - Robert Parker, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Reserva (2007) Gold - International Wine Challenge, United Kingdom 2009 (2007) Gold - Sélections Mondiales, Canada, 2010 (2007) Gold - Decanter World Wine Awards, United Kingdom 2010 (2007) 92/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 91/100 points - Ultimate Wine Challenge, USA, 2011 (2008) Gold - International Wine and Spirits Competition, United Kingdom 2011 (2009) 91/100 points - Robert Parker, USA, 2012 Quinta Nova de Nossa Senhora do Carmo Colheita (2007) Gold - Sélections Mondiales, Canada, 2010 (2008) 89/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2009) 91/100 points - Ultimate Wine Challenge, USA 2011 (2009) Gold - Co Co Wine Judging Competition, USA, 2011 (2010) 88/100 points - Robert Parker, USA, 2012 (2010) 2nd Best Red Douro - New York Times, USA, 2012 Grainha Reserva White (2006) Silver - Japan Wine Challenge, Japan, 2008 (2008) Silver - Decanter World Wine Awards, United Kingdom, 2010 (2008) Silver (Best in Class) - International Wine Spirits Competition, United Kingdom, 2010 (2008) 90/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2010) 90/100 points - Wine Enthusiast, USA, 2011 Grainha Reserva Red (2007) Gold - Sélections Mondiales, Canada, 2010 (2007) Gold - International Wine Challenge, United Kingdom, 2010 (2008) 90-92/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2009) Silver - International Wine and Spirits Competition, United Kingdom, 2012 (2009) Silver - Concours Mondial Bruxelles, Belgium, 2012 Pomares White (2006) Commended - International Wine Challenge, United Kingdom, 2007 (2006) Silver Expovina - Switzerland, 2007 (2009) 89/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2010) 97/100 points - Wine Enthusiast, USA, 2011 Pomares Red (2008) Silver - Decanter World Wine Awards, United Kingdom, 2010 (2008) 90/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 88/100 points - Wine Spectator, USA, 2011 (2010) Gold - Sélections Mondiales, Canada, 2012 AWARDED PORT WINES VINTAGE (1995) Silver - International Wine and Spirits Competition, United Kingdom, 1999 (1996) Gold - Concours Mondial de Bruxelles, Belgium, 1999 (1996) Silver - International Wine and Spirits Competition, United Kingdom, 1999 (1996) Silver - International Wine Challenge, United Kingdom, 2000 (1997) 5 Stars - Decanter Magazine - Blind Tasting, United Kingdom, 1999 (1997) Gold - International Wine Challenge, United Kingdom, 2000 (2000) 90 points - Wine Spectator, USA, 2003 (2000) Silver - Decanter World Wine Awards, United Kingdom, 2004 (2005) Silver - International Wine Challenge, United Kingdom, 2008 (2005) Silver - Sélections Mondiales, Canada, 2008 (2007) 93/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 93-95/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 (2008) 91/100 points - Wine Enthusiast, USA, 2010 LATE BOTTLED VINTAGE (1995) Silver - Concours Mondial de Bruxelles, Belgium, 1999 (2000) Silver - Challenge International du Vin, France, 2006 (2002) Silver - Sélections Mondiales, Canada, 2007 (2003) Silver - International Wine and Spirits Competition, United Kingdom, 2008 (2004) Silver - International Wine and Spirits Competition, United Kingdom 2009 (2004) Silver - International Wine Challenge, United Kingdom, 2009 (2004) Silver - Sélections Mondiales, Canada, 2009 (2005) 89/100 points - Wine Enthusiast, USA, 2010 (2005) 92/100 points - Wine Anorak by Jamie Goodie, United Kingdom, 2010 QUINTA NOVA GOURMET Flavours of Nature 16 Forestry

Infusions The QN Gourmet product line, benefiting

local raw materials, is complemented with a batch

19 Infusions The QN Gourmet product line, benefiting from the extreme diversity and quality of the local raw materials, is complemented with a batch of aromatic infusions that well express the region's richness. PRODUCTS: 6 Infusions: Lavender Camomile Heather Carqueja Vine leaf Olive leaf Forestry 17

20 18 Forestry Quinta Nova Gourmet

All the products of the range, such as the fruit jams, jelly and honey, are genuine products created from the region's raw

21 Jams and compotes The wealth of the agricultural products of Quinta Nova is illustrated and enhanced in its line of Gourmet products that complement its portfolio of products of the Douro Valley region. All the products of the range, such as the fruit jams, jelly and honey, are genuine products created from the region's raw materials. PRODUCTS: Touriga Nacional Grape Extra Jam Tinto Cão Grape Extra Jam Cherry Extra Jam Fig Extra Jam Quince Jelly Lavender and Eucalyptus Honey Forestry 19

gaining a deserved prestigious reputation

22 Quinta Nova Olive Oil A reference brand The Quinta Nova virgin olive oil brand, doing justice to the internationally recognised quality of Portuguese olive oil, has been gaining a deserved prestigious reputation among consumers and experts as a product of excellence. 20 Forestry

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25 PORTUGAL alentejo Alentejo is Portugal's most extensive and flattest region. It is here in this idyllic region that Amorim concentrates its other hub of forestry operations, namely cork production, livestock farming and hunting tourism. Cork harvesting Agriculture Livestock farming Hunting Tourism Forestry 23

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The business activity developed on these estates favours biodiversity.

The forestry business of the Amorim Group is an example of sustainable development and the group's concern with climate change.

CORK AND HOLM OAK The Alentejo cork oak forest and associated production activities are of increasingly vital importance in the economic and social

27 The business activity developed on these estates favours biodiversity. The cork oak forests provide a habitat for 135 species of plants and 160 species of birds. The forestry business of the Amorim Group is an example of sustainable development and the group's concern with climate change. The Amorim Group was one of the first members of BCSD in Portugal. CORK AND HOLM OAK The Alentejo cork oak forest and associated production activities are of increasingly vital importance in the economic and social sustainability of this vast region of Portugal. There, we focus on cork oak farming in order to harvest the cork, as well as the farming of the holm oak to make use of the acorns this tree produces, which is the food of excellence of the black pig, one of the region's sources of wealth. These activities prove to be fundamental for the conservation of dozens of animal and plant species that would otherwise run the risk of extinction.

28 cork harvesting Cork harvesting is the principal activity of our estates. The harvesting of cork, with all its peculiar manual processes, is a magnificent example of the ability to create wealth within a framework of environmental sustainability. This is why we endeavour to ensure a constant investment in the maintenance and renewal of the cork oak forests and the improvement of productivity. The harvesting of cork from the tree does not damage the tree. It is done every 9 years and only once the cork oak is years old, thus ensuring the sustainability of the forest.

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31 Maritime pine and Stone pine On our estates in the Alentejo we allocate about 200 hectares for the cultivation of maritime pine and stone pine, thus contributing to the development and rejuvenation of the Portuguese forest. The production of pine cones for pine nuts is another of our activities, producing over 20 tonnes of pine nuts annually. Another component is the production of timber for use by industry. Forestry 29

OurESTATES Our estates in Alentejo offer excellent natural

that are transformed into traditional products highly

dried figs The soils of the Herdade Figueira Regal provide a

PINE NUT KERNELS The Herdade Vale das Mulheres estate is

cones and tender, fresh and aromatic pine nuts.

soil, almonds from the Herdade do Panasquinho estate have

Walnut Kernels The Herdade da Figueira estate is located in a

32 OurESTATES Our estates in Alentejo offer excellent natural conditions for the production of premium quality raw materials that are transformed into traditional products highly appreciated by consumers. dried figs The soils of the Herdade Figueira Regal provide a very particular sweetness and softness to the figs produced. PINE NUT KERNELS The Herdade Vale das Mulheres estate is fertile land suitable for growing stone pines to produce pine cones and tender, fresh and aromatic pine nuts. ALMOND KERNELS Under the influence of the Alentejo climate and soil, almonds from the Herdade do Panasquinho estate have unique quality characteristics. Walnut Kernels The Herdade da Figueira estate is located in a privileged area due to the hot and humid climate of Alto Alentejo. HONEY Peral is an extensive area of varied flora, giving this product a unique flavour. Cured Sheep's Cheese Cheese made from raw sheep's milk. It is a hard cheese with the particular flavour of Alentejo pastures. 30 Forestry

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The dry farming crops are lucerne, sorghum, oats and mixtures of grasses and pulses.

35 AGRICULTURE AND LIVESTOCK FARMING Wheat, rye and barley We allocate a portion of our territory for dry farming, about 1,500 hectares, in addition to that set aside for cork oaks and cork harvesting. The dry farming crops are lucerne, sorghum, oats and mixtures of grasses and pulses. Cattle We set aside about 130 hectares for the production of fodder to feed more than 700 head of cattle. This is one of the supplementary activities of the estates in Alentejo. Forestry 33

Olive growing Farming in Alentejo and the Douro Region The cultivation and harvesting of olive groves is also one of the cornerstones of our activities related to Nature.

36 Olive growing Farming in Alentejo and the Douro Region The cultivation and harvesting of olive groves is also one of the cornerstones of our activities related to Nature. We have several hectares of the properties we own in Alentejo and the Douro Region set aside for this purpose. Of particular note in the Douro are the Quinta Nova de Nossa Senhora do Carmo and Quinta de S. Cibrão estates, that already have a long tradition of producing excellent quality olive oil. 34 Forestry

38 HERDADE DO PERAL LANDSCAPE, HUNTING AND TOURISM 36 Forestry

39 Herdade do Peral covers an area of 5,500 hectares, making it one of the largest estates of Alentejo. The activities developed on this estate are hunting, country tourism and forestry production, benefitting from its excellent location close to Alqueva. Vigo Oporto Coimbra Vila Real Guarda Salamanca Madrid Lisbon Santarém Elvas Évora Herdade do Peral Portel Beja Cáceres Badajoz Mérida Sevilla Faro Herdade do Peral Portel Alqueva Dam Alqueva, Europe's largest artificial lake. Forestry 37

40 HUNTING Herdade do Peral is the country's largest hunting estate, making it the space par excellence for lovers of hunting. Endowed with a large diversity of species such as deer, fallow deer, rabbits, hares, wild boar, partridge and woodcock, among others, it also offers visitors to the region the services of a country hotel of excellence. 38 Forestry

Tourism ecotourism The landscape, unique natural beauty, and the estates all give added value and provide huge potential for tourism, which we undertake in conjunction with the hunting possibilities

42 Tourism ecotourism The landscape, unique natural beauty, and the estates all give added value and provide huge potential for tourism, which we undertake in conjunction with the hunting possibilities that we provide to the market. Herdade do Peral is close to the city of Évora, the capital of Alentejo and a World Heritage Site, with a rich artistic and architectural heritage, making it a worthwhile place to visit. 40 Forestry

The single-storey buildings follow an organic sequence, with whitewashed walls decorated with ochre and galleries with thick and low arches.

45 country hotel monte da figueira ecotourism The Monte da Figueira Country Hotel is located on the Peral estate. It has a magnificent surrounding landscape, overlooking the lake and the cultivated fields. It has well preserved traditional architecture of great heritage value. The single-storey buildings follow an organic sequence, with whitewashed walls decorated with ochre and galleries with thick and low arches. The pillared porches and walled patios are also typical features of the region s architecture. The possibilities for ecotourism lovers are countless, such as hiking or trails on horseback to enjoy the beauty of the landscape, long walks, or canoeing. Forestry 43

46 FAMILY ENVIRONMENT An Alentejo manor house The interior design of the country hotel takes its inspiration from hunting, displaying natural elegance that brings to mind throughout the hotel the family ambience of an Alentejo manor house, from the public lounges to the hotel s rooms. 44 Forestry

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49 Mozambique ZAMBEZIA Amorim has broadened its portfolio of investments in the Republic of Mozambique from activities in strategic sectors, such as banking and energy, to the agricultural sector, specifically to soybean farming.

Soybeans plantation in GuruÉ district Mozambique As part of its commitment to diversified investments in Mozambique, Amorim has started an important and promising agricultural activity in Uacua, in

50 Soybeans plantation in GuruÉ district Mozambique As part of its commitment to diversified investments in Mozambique, Amorim has started an important and promising agricultural activity in Uacua, in the locality of Nintulo Gurué district, in the inland northern region of the country, through its stake in the Agromoz - Agribusiness de Moçambique agricultural company. The project will be implemented on a vast estate of approximately 17,000 hectares, and it has already started the production of soybeans for food. Zambia Zimbabwe Malawi MOZAMBIQUE Soybean plantation Gurué Tanzania Indian Ocean South Africa Johannesburg Maputo Swaziland 48 Forestry

Rua da Corticeira, nº34 Apartado 47 4536-902 Mozelos VFR Portugal

52 Rua da Corticeira, nº34 Apartado Mozelos VFR Portugal Tel.: Fax:

Forestry 1 NATURE, A DECISIVE SECTOR FOR SUSTAINABLE ECONOMY AND DEVELOPMENT.

Forestry 1 NATURE, A DECISIVE SECTOR FOR SUSTAINABLE ECONOMY AND DEVELOPMENT. Forestry 2011 Cork oak forest Olive and pine groves Farming and livestock Hunting and Tourism NATURE, A DECISIVE SECTOR FOR SUSTAINABLE ECONOMY AND DEVELOPMENT. Wine production Wine tourism Gourmet Products