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

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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 Forestry Businesses and activities related with Nature are one of the structuring axes of the group s activities and one of its oldest and most deep rooted passions, aware as we are of its vital importance for economic sustainability. The Douro wine region and the Alentejo are the two Portuguese regions where Amorim concentrates the essential parts of its business in this area. Forestry 1

The Douro Valley was classified as a UNESCO World Heritage Site in 2001, in recognition of its unique position in the world and the value of its natural and cultural heritage. Douro WORLD HERITAGE

DOURO The beautiful Douro Valley region, a World Heritage site, is the backdrop for one of the fundamental Américo Amorim business sectors related with nature: wine production and wine tourism. We have two important estates in this region: the Quinta Nova de Nossa Senhora do Carmo estate and the Quinta de S. Cibrão estate, totalling more than 300 hectares. Forestry 3

Quinta Nova de Nossa Senhora do Carmo An 18 th century estate The Quinta Nova de Nossa Senhora do Carmo estate has an approximate area of 120 hectares, extending along the River Douro, on one of its most emblematic stretches. This is one of the oldest estates in the region, dating from Pombaline times, as can be seen from the 1768 Pombaline milestone and the 18th century chapel, which grace the property. 4 Forestry The magnificent vineyards of the Quinta Nova de Nossa Senhora do Carmo estate possess excellent solar orientation and are classified as letter A, accompanying the twists and turns of the River Douro over a distance of 1.5 Km.

Vineyards and wine A love of the land, respect for nature and local winegrowing traditions, allied with modern management and technological renovation, are characteristic features of our work on this estate, contributing to the preservation of the great Douro winegrowing spirit.

The result of this investment has been deeply rewarding, seen in the creation of some of the best Port and Douro wines from this Demarcated Region.

Wine tourism An international award-winning project Contemplation and emotion Pioneers in the development of wine tourism in Portugal and in the Douro region, Quinta Nova de Nossa Senhora do Carmo is an emblematic example and has won several national and international awards. This project, where wine and winegrowing are primordial and inspirational factors, offers visitors Wine Tours and Tasting as well as a wide range of other innovative recreational activities, such as: walking trails, wine caching, the Olive Oil Trail and Nordic Walking.

Forestry 9

BEST OF WINE TOURISM AWARD 2007 Accommodation category BEST OF WINE TOURISM AWARD 2008 Architecture and Landscaping category GLOBAL BEST OF WINE TOURISM AWARD 2009 International Art and Culture category BEST OF WINE TOURISM AWARD 2010 Innovative Wine Experience category Wine Hotel The Quinta Nova de Nossa Senhora do Carmo Country Hotel, Portugal s first wine hotel, combines the region s strong-willed architecture with its elegant decoration to provide 11 rooms with magnificent views of the River Douro. The hotel provides unforgettable stays in the Douro winemaking region. Forestry 11

Wine House An area dedicated to the world of wine The Wine Tourism project includes the Wine House, an area dedicated to wine. This space is located at the emblematic Ferro do Pinhão railway station, which is highly valued and renowned for its magnificent collection of tiles on its main building, dating from 1937. The Wine House project occupies about 460 m 2 and comprises a wine store, terrace, museum and a room for events.

Wine Museum The Wine House project won the Global Winner Best Wine Tourism 2009 - Art and Culture award for restoring architectural heritage and enhancing the region s economy. Forestry 13

Our brands Quinta Nova ports: Vintage port Late Bottled Vintage port Reserva port Clã Special Reserve Quinta Nova wines: Grande Reserva Clássico Grande Reserva Referência Grande Reserva Touriga Nacional Reserve Harvest Grainha wines: White Reserva Red Reserva Pomares wines: White, Red and Moscatel White

Quinta Nova wines A wide and prize-winning series of different wines makes up the range of wines from Quinta Nova, which includes four port wines of excellent reputation and ten Douro wines, tranquil, with a classical structure and fresh and aromatic style. AWARDS Quinta Nova wines have already won various international awards and prizes: Quinta Nova Porto Vintage 1997 Gold Medal (International Wine Challenge, United Kingdom) - 2000 Quinta Nova Grande Reserva 2005 Best Douro Red Wine (Grand Jury Européen, Portugal) - 2008 Best Old World Red Wine (Top-Ten Tasting Expovinis-Brazil) - 2008 Quinta Nova Grainha Branco 2006 Silver Medal, Best in Class (International Wine and Spirits Competition, United Kingdom) - 2008 Quinta Nova Touriga Nacional 2006 Gold Medal (International Wine & Spirits Competition, United Kingdom) - 2009 Quinta Nova Reserva 2006 Gold Medal (International Wine Challenge, United Kingdom) - 2009

Quinta Nova Gourmet

Sweets and jams The excellence and genius of Quinta Nova Gourmet products PRODUCTS: Touriga Nacional Grape Extra Jam Conserve Tinto Cão Grape Extra Jam Conserve Cherry Extra Jam Conserve Fig Extra Jam Conserve Quince Jelly Lavender Honey Forestry 17

Quinta Nova Gourmet

Teas Benefiting from the extreme diversity and quality of local raw materials, the QN Gourmet product line is complemented with a line of aromatic teas which well express all of the wealth of the region. PRODUCTS: 6 Infusions: Lavender, Camomile, Heather, Carqueja (a Portuguese plant used in herbal remedies), vine leaf and olive leaf. Forestry 19

Quinta Nova olive oil The Quinta Nova brand is a reference in the field and has been naturally and steadily gaining a deserved reputation as a prestigious product in the marketplace and among experts. The production of olive oil and olives has been one of the core bases for the development of certain sectors of Portuguese agriculture. These Portuguese products and brands are enjoying growing international recognition and fame. 20 Forestry

Cork production Agriculture Livestock farming Hunting Tourism Alentejo SOURCE OF INSPIRATION

ALENTEJO The Alentejo is the most extensive and flattest region of Portugal. It is here in this heavenly region that Amorim concentrates its other forest activity centre, namely cork production, cattle raising and hunting tourism. Forestry 23

The business activity undertaken on these estates favours biodiversity. The cork oak forests are the habitat for 135 plant species and 160 bird species. The Amorim Group s forestry activities are an example of sustainable development and concern for climate change. The Group was one of the first members of BCSD, in Portugal. Cork and Holm Oak Cork and holm oak cultivation is one of the activities carried out on our estates in the Alentejo. Our annual cork production capacity is around 525 tonnes. This cork is sent to our factories for transformation. We reserve 3500 hectares for holm oak, in order to use the acorn, an excellent food source for black pig, one of the region s sources of wealth. These activities have shown themselves to be fundamental for the preservation of dozens of species of animals and plants which would otherwise be in danger of extinction. Forestry 25

Cork production The main activity on our Alentejan estates Removing cork from the cork oak does not damage the tree. It is done every 9 years and only from when the tree is 25-30 years old, thus guaranteeing the sustainability of the forest. Cork production, which is the main activity on our estates, with all its peculiar, traditional processes, is a magnificent example of creating wealth in an environmentally sustainable framework. We maintain constant investment in the maintenance and renewal of the cork oak forests to achieve that goal and to improve estate yields. Forestry 27

produto genuíno Natureza Pine nuts from the Herdade Vale das Mulheres estate are tender, fresh and aromatic, the result of careful production following traditional values. Miolo de Pinhão HERDADE VALE DAS MULHERES Maritime pine and stone pine We have contributed to the development of the national forest heritage by setting aside 200 hectares of our estates for maritime pine and stone pine cultivation, taking care of the planning and efficiency of the plantation and rejuvenating it by planting new trees. The production of pine cones for pine nuts is another of our activities, producing over 20 tonnes of pine nuts annually. The other aspect is the production of wood for industry. Forestry 29

Products of the estates On our Alentejan estates we also produce various local products of excellent quality, such as walnut kernels, almond kernels, dried figs, pine nuts, honey and sheep cheese. produto genuíno ALMOND KERNELS produto genuíno WALNUT KERNELS Natureza Miolo de Amêndoa HERDADE DO PANASQUINHO Under the influence of the Alentejan climate and soil, almonds from the Herdade do Panasquinho estate have unique quality characteristics. Natureza Miolo de Noz HERDADE DA FIGUEIRA REGAL The Herdade da Figueira estate is in an area privileged by the hot and humid climate of the Alto Alentejo. 30 Forestry

HONEY Peral is an extensive area of varied flora, giving this product a singular flavour. CURED SHEEP CHEESE This cheese is made from raw sheep s milk. It is a hard cheese with the particular flavour of Alentejan pastures. P R O D U T O G E N U Í N O Natureza Ingredientes: Leite de ovelha, sal e cardo. Queijo Ovelha Curado HERDADE DO PERAL Origem: Alentejo Portugal 150 g Consumir de preferência antes de 31 01 2012 P R O D U T O G E N U Í N O Natureza Ingredientes: Leite de ovelha, sal e cardo. Origem: Alentejo Portugal 150 g Consumir de preferência antes de 31 01 2012 Queijo Ovelha Semicurado HERDADE DO PERAL DRIED FIGS In the unique climate of the interior Alentejo, figs from the Herdade Figueira Regal estate develop a very particular sweetness and softness. Forestry 31

Farming and livestock WHEAT, RYE AND BARLEY In addition to cork oak cultivation and cork production, we have set aside part of our land, around 1500 hectares, for dry farming, in particular of lucerne, sorghum, oats and mixtures of pulses and grasses. CATTLE We allocate around 130 hectares for the production of feed for more than 750 head of cattle. This is one of the supplementary activities undertaken on our estates in Alentejo. Forestry 33

Olive growing with the wisdom of the Douro and the Alentejo Olive growing is also one of the cornerstones of our nature-related activities, and we allocate various hectares in the properties we own in Alentejo and Douro to this activity. In Douro, we focus in particular on the emblematic Quinta Nova de Nossa Senhora do Carmo estate and the Quinta de S. Cibrão estate, which already have a long tradition of top-quality olive oil production. 34 Forestry

Scenery, Hunting and Tourism on the vast Herdade do Peral estate Herdade do Peral is the largest and most emblematic property. At 5,500 hectares it is one of the largest estates in the Alentejo and the country s largest game hunting park. The estate hosts hunting and tourism activities, in harmony and in conjunction with forestry production, and agricultural and livestock farming. Vigo Porto Coimbra Vila Real Guarda Salamanca Madrid Herdade do Peral Estate LISBON Santarém Elvas Évora Herdade do Peral Estate Portel Beja Cáceres Badajoz Mérida Its proximity to Alqueva, Europe s largest artificial lake, enhances the activities undertaken at Peral, whether they are of an agricultural nature or related to tourism. Sevilla Portel Alqueva Dam Faro Forestry 37

Hunting HERDADE DO PERAL IS THE LARGEST GAME HUNTING PARK IN THE COUNTRY, MAKING IT THE SITE PAR EXCELLENCE FOR LOVERS OF HUNTING. It has a wide variety of species, such as red deer, fallow deer, rabbit, hare, boar, woodcock and partridge, among others. It also provides visitors to the region with an excellent country hotel.

Herdade do Peral Estate Tourism The unrivalled beauty of the estates is an additional asset and is a source of enormous potential for the hotel and tourism activity, which we develop alongside our hunting business. The Herdade do Peral estate benefits from its proximity to Évora, the capital of the Alentejo and a World Heritage site, with a valuable monumental and artistic heritage that is well worth visiting.

Forestry 41

Country Hotel Monte da Figueira The Monte da Figueira Country Hotel is located on the Peral estate, taking advantage of the magnificent countryside and providing views over the lake and cultivated fields. The hotel with its well-preserved traditional architecture is of important heritage value. The single storey buildings, with whitewashed walls decorated in ochre and galleries with low, thick arches, have an organisational layout. The pillared porches and walled patios are also typical features of the region s architecture. ECOTOURISM There are countless possibilities for lovers of ecotourism. There are paths for walking or horse riding to enjoy the beauty of the countryside, or for longer hikes or canoeing. Forestry 43

Natural good taste and family environment The interior design of the country hotel takes its inspiration from hunting, displaying natural elegance that brings to mind the family ambience of an Alentejo manor house throughout the hotel, from the public lounges to the hotel s rooms.

Rua da Corticeira, nº34 Apartado 47 4536-902 Mozelos VFR Portugal Tel.: +351 227 475 800 Fax: +351 227 475 801 www.grupoamericoamorim.com