1 2nd “Biofuels Market in Southeastern Europe” Conference Sofia, Bulgaria October 23, 2007 Organized by Economedia & Dnevnik 2nd “Biofuels Market in Southeastern Europe” Conference Sofia, Bulgaria October 23, 2007 Organized by Economedia & Dnevnik Green Fuel Corporación, S.A. Company Presentation Mr. Jacinto Monge, COO GFC Mr. Antonio Alvear, Board Member GFB

2 Green Fuel Corporación currently comprises 6 companies in Spain, and various international subsidiaries. GF Extremadura will be producing biodiesel in 2008, followed by GF Andalucía and GF Aragón in Green Fuel Presentation – Leading the Vanguard Green Fuel Corporación Green Fuel Andalucía Green Fuel Andalucía Green Fuel Aragón Green Fuel Aragón Green Fuel Castilla y León Green Fuel Castilla y León Green Fuel Castilla La Mancha Green Fuel Castilla La Mancha Green Fuel Cataluña Green Fuel Cataluña Green Fuel Extremadura Green Fuel Extremadura

3 Green Fuel Internacional currently comprises 3 companies in Portugal, Argentina and Bulgaria. Subsidiaries in Chile, Greece and Romania are in the process of being established. Green Fuel Presentation – Leading the Vanguard Green Fuel Corporación Green Fuel Internacional Green Fuel Argentina Green Fuel Argentina Green Fuel Bulgaria Green Fuel Bulgaria Green Fuel Portugal Green Fuel Portugal Green Fuel Chile Green Fuel Chile Green Fuel Romania Green Fuel Romania Green Fuel Philippines Green Fuel Philippines

4 A global leadership strategy based on: Green Fuel Presentation – Leading the Vanguard Partners incl. World’s Leading Multinationals & Locals (GLOCAL APPROACH) Partners incl. World’s Leading Multinationals & Locals (GLOCAL APPROACH) Vertical Integration – Internalizing Raw Material Production Vertical Integration – Internalizing Raw Material Production Multi-input Technology & Uniform Plant Size (110,000 tn/yr) Multi-input Technology & Uniform Plant Size (110,000 tn/yr) International Projection & Global Industry Leadership International Projection & Global Industry Leadership

5 Strategic Shareholders include: Green Fuel Presentation – Leading the Vanguard Privados INERCO Sales (in mill. €): 13.5 EBITDA (in mill. €): 2.0 Employees: 100 Sector: Engineering Sales (in mill. €): 4.7 EBITDA (in mill. €): 0.6 Employees: 67 Sector: Management of farms & livestock Sales (in mill. €): 20,580 EBITDA (in mill. €): 7,139 Employees: 26,758 Sector: Electricity Sales (in mill. €): 20,580 EBITDA (in mill. €): 7,139 Employees: 26,758 Sector: Electricity Sales (in mill. €): 1,235 EBITDA (in mill. €): 64 Employees: 3,004 Sector: Engineering Sales (in mill. €): 1,235 EBITDA (in mill. €): 64 Employees: 3,004 Sector: Engineering Sales (in mill. €): 120 EBITDA (in mill. €): 15 Employees: 650 Sector: Engineering Sales (in mill. €): 120 EBITDA (in mill. €): 15 Employees: 650 Sector: Engineering

6 With the following projects in the short/medium term: Green Fuel Presentation – Leading the Vanguard

7 And in the medium/long term: Green Fuel Presentation – Leading the Vanguard

8 Strategic Agricultural Partner in Spanish Projects Strategic Grain Supply Partner in Argentinean Projects AGRO DANUBIO Strategic Agricultural Partner in Bulgarian Projects Agreement with regional associations of GEA converting them into partners in each of the projects, supplying raw materials for the plants. Agreement covering the production of the necessary vegetable oil for the biodiesel plants in Argentina and Spain. Agreement covering the cultivation of grain and the necessary vegetable oil for the biodiesel plants in Bulgaria and Spain.

9 Green Fuel in Eastern Europe – Leading the Vanguard Green Fuel Corporación has eyed Eastern Europe, especially Bulgaria and Romania, in its expansion strategy due to: 1.EU Membership and the benefits it entails (legal security, subsidies, free trade…) 2.Vast agricultural potential 3.Danube River 4.Geographic location 5.Well-trained workforce MOLDOVA UKRAINE TURKEY

10 Green Fuel Romania Green Fuel Corporación is currently studying potential local partners in the agriculture, vegetable oil extraction and fuel distribution sectors. Ukraine

11 Green Fuel Bulgaria Green Fuel Bulgaria, headquartered in Sofia, is evaluating, in collaboration with the national, and regional Administration, local farmers and our partner Tepro, alternative sites ideally suited for our biorefinery in the region of Pleven.

12 Green Fuel Bulgaria Green Fuel Bulgaria will invest approx. 50 mill. € in the construction of an oilseed extraction plant and a biodiesel plant, using raw materials produced in the country: Oilseed Crusher & Vegetable Oil Extraction / Refining Oilseed Crusher & Vegetable Oil Extraction / Refining Biodiesel Plant Biodiesel Plant Annual Capacity (tn input): 320,000 Raw Materials (seeds): Rape, Sunflower Annual Capacity (tn input): 110,000 Raw Materials: Vegetable Oil Jobs Created during Construction Phase: approx. 250 Jobs Created during Operating Phase: 75 direct, some 600 indirect (agriculture, services, logistics)

13 Green Fuel – Global Leader in Biodiesel Green Fuel relies on experienced partners, leaders in their respective fields: Publ. Administ. Fuel Distributors Oilseed Crushers & Vegetable Oil Refiners Farmers, Farming Cooperatives, Agri Businesses

14 Green Fuel Bulgaria THANK YOU FOR YOUR ATTENTION! For Further Information See Our Webpage: or contact: International Corporate Development Director: MARTIN SUPANCIC, Tel. Spain: +(34) Mobile Tel. Spain: +(34) ,