ANALYSIS CERTIFICATE

WE, ABENI SURVEYORS LTDA, AS AN INTERNATIONALLY RECOGNISED SUPERVISION COMPANY, HEREBY CERTIFY THAT SUGAR OF THE ABOVE MENTIONED CARGO HAS BEEN INSPECTED AT LOADING PORT AND DURING ALL LOADING OPERATIONS AND THAT THE FOLLOWING RESULTS ARE FINAL AT LOADING TIME AND AT LOADING PORT:

ANALYSIS                                          RESULT                                METHODOLOGY
POLARIZATION                            99.71 DEGREES                   ICUMSA GS 2/3-1 (2011)
MOISTURE                                    0.03 PERCENT                     ICUMSA GS 2/1/3/9-15 (2007)
ASHES                                           0.04 PERCENT                   ICUMSA GS 2/3/9-17 (2011)
COLOUR                                           179 ICUMSA                     ICUMSA GS 9/1/2/3-8 (2011)

WE CERTIFY THAT SUGAR LOADED ON BOARD CSAV TRAIGUEN - MM019R IS OF CURRENT CROP AND FAIR AVERAGE QUALITY AND CORRESPONDS TO THE ABOVE MENTIONED SPECIFICATIONS.

SANTOS, MAY 20^TH, 2020.