Altimedes Consulting, EU ETS trading support for the aviation sector www.altimedes.com www.airets.org Limited list: Aircraft operators allocated to , Belgium, , Ireland, , Lux, Malta, , , , and UK Highest to lowest (*) percentage of total EU Aviation Allowances available (allocated free of charge and via auctioning in 2012)

Annual Percentage of 2012 Allocation of total n° of Cumulative CRCO n° Aircraft operator Allocation of C.A. Allowances EUAAs % Allowances 2013-2020 2012 (*)

1 590 PLC 10.344.000 9.773.307 4,82% 4,82% UK 2 1640, 1989 Koninklijke Luchtvaart Maatschappij NV + KLM Cityhopper 7.897.037 7.461.239 3,68% 8,49% NL 3 8651 RYANAIR LIMITED 5.560.944 5.254.064 2,59% 11,08% IE 4 1475 LAE 4.558.406 4.306.850 2,12% 13,20% ES 5 9807 4.327.337 4.088.592 2,01% 15,22% UK 6 23226 EASYJET 3.697.353 3.493.365 1,72% 16,94% UK 7 8142 AIRWAYS LTD 3.579.729 3.382.231 1,67% 18,61% UK 8 369 AMERICAN 2.745.336 2.593.872 1,28% 19,89% UK 9 2782 2.440.026 2.305.406 1,14% 21,02% UK 10 2351 2.415.214 2.281.931 1,12% 22,15% SE 11 5800 2.377.684 2.246.504 1,11% 23,25% UK 12 30131 Thomson Airways Limited 2.364.268 2.233.828 1,10% 24,35% UK 13 2463 2.240.215 2.116.619 1,04% 25,40% UK 14 724 2.228.589 2.105.605 1,04% 26,43% LU 15 8187 CONTINENTAL AIRLINES 2.146.704 2.028.267 1,00% 27,43% UK 16 27034 THOMAS COOK AIRLINES LIMITED 1.961.067 1.852.872 0,91% 28,35% UK 17 1167 Oy 1.910.096 1.804.687 0,89% 29,24% FI 18 201 1.832.101 1.731.021 0,85% 30,09% UK 19 1833 Holland N.V. 1.548.398 1.462.950 0,72% 30,81% NL 20 440 AG 1.541.468 1.456.402 0,72% 31,53% AT 21 21912 1.541.017 1.455.997 0,72% 32,25% UK 22 9345 AirEuropa 1.297.611 1.226.003 0,60% 32,85% ES 23 1801 1.224.547 1.156.987 0,57% 33,42% UK 24 132 1.161.812 1.097.697 0,54% 33,96% IE 25 1922 Monarch Airlines Limited 1.046.536 988.798 0,49% 34,45% UK 26 24997 JET AIRWAYS (INDIA) LTD 1.043.257 985.699 0,49% 34,93% UK 27 2196 AIRWAYS 1.020.124 963.842 0,47% 35,41% UK 28 1559 INTERNATIONAL Co. Ltd 1.019.315 963.078 0,47% 35,88% UK 29 29929 1.013.505 957.589 0,47% 36,36% UK 30 31955 Co. Ltd 930.395 879.051 0,43% 36,79% NL 31 237 923.608 872.651 0,43% 37,22% UK 32 6984 Airlines 834.169 788.135 0,39% 37,61% NL 33 27975 SIA Cargo PTE LTD 764.303 722.125 0,36% 37,96% BE 34 27709 KALITTA Air LLC 750.359 708.951 0,35% 38,31% BE 35 2723 Airlines CV 748.173 706.885 0,35% 38,66% NL 36 24134 745.846 704.686 0,35% 39,01% NL 37 30190 airlines 721.536 681.718 0,34% 39,34% ES 38 2316 SAA 695.329 656.967 0,32% 39,67% UK 39 908 618.266 584.147 0,29% 39,96% BE 40 5633 614.814 580.894 0,29% 40,24% UK 41 28494 SWISS 599.099 566.046 0,28% 40,52% UK 42 1005 Airlines Ltd 595.737 562.861 0,28% 40,80% NL 43 27011 TNT Airways S.A. 575.833 544.056 0,27% 41,07% BE 44 14846 EVA AIR 570.213 538.753 0,27% 41,33% UK 45 4298 567.881 536.542 0,26% 41,60% ES 46 21484 Thomas Cook Airlines Scandinavia A/S 553.658 523.105 0,26% 41,85% DK 47 2088 PAKISTAN INTERNATIONAL AIRLINES CORP. 524.177 495.257 0,24% 42,10% UK 48 2344 Saudi Arabian Airlines 494.213 466.940 0,23% 42,33% BE 49 7532 JET2.COM LIMITED 453.357 428.345 0,21% 42,54% UK 50 30011 Tui Airlines - JAF 410.201 387.564 0,19% 42,73% BE 51 23235 TIUFly Nordic AB 400.360 378.266 0,19% 42,92% SE 52 634 BRITISH MIDLAND AIRWAYS LTD 388.488 367.055 0,18% 43,10% UK 53 996 EGYPTAIR 375.302 354.596 0,17% 43,27% UK 54 5216 SRILANKAN AIRLINES LIMITED 359.373 339.546 0,17% 43,44% UK 55 264 347.927 328.732 0,16% 43,60% UK 56 35715 DHL Air UK 330.240 312.021 0,15% 43,76% UK 57 3735 322.909 305.094 0,15% 43,91% UK 58 25406 Iberworld 318.284 300.720 0,15% 44,05% ES 59 160 Aerolíneas Argentinas 316.550 299.081 0,15% 44,20% ES 60 30852 TUI Airlines Nederland BV 303.254 286.519 0,14% 44,34% NL 61 23085 Air Baltic 288.236 272.330 0,13% 44,48% LV 62 29932 NIKI Luftfahrt GmbH 283.624 267.973 0,13% 44,61% AT 63 1365 281.126 265.616 0,13% 44,74% UK 64 278 275.921 260.694 0,13% 44,87% NL 65 5453 274.930 259.762 0,13% 45,00% UK 66 460 274.336 259.197 0,13% 45,12% ES 67 32947 Yangtze River Exp 272.701 257.652 0,13% 45,25% LU 68 1689 Lan Airlines 246.320 232.727 0,11% 45,37% ES 69 26784 Inc. 233.209 220.339 0,11% 45,47% BE 70 2880 Aerovías de México 226.313 213.824 0,11% 45,58% ES 71 17692 TASIMACILIK A.S. 220.282 208.129 0,10% 45,68% UK 72 256 p.l.c. 211.617 199.939 0,10% 45,78% MT 73 29980 198.690 187.725 0,09% 45,87% BE 74 22380 197.162 186.282 0,09% 45,96% ES 75 4369 C.A.L. - Cargo Air Lines Ltd 195.546 184.754 0,09% 46,06% BE 76 2658 Tarom 185.458 175.409 0,09% 46,14% RO 77 28453 Thomas Cook Airlines 184.172 174.009 0,09% 46,23% BE 78 22820 179.158 169.274 0,08% 46,31% UK 79 2297 ALIA 174.721 165.082 0,08% 46,39% UK 80 1673 168.017 158.748 0,08% 46,47% UK 81 f200002 BMIBaby Limited 166.327 157.150 0,08% 46,55% UK 82 24970 Nova Airlines 165.201 156.084 0,08% 46,63% SE 83 30600 163.908 155.027 0,08% 46,70% RO 84 35354 AirAsiaX 161.519 152.608 0,08% 46,78% UK 85 30777 150.916 142.588 0,07% 46,85% NL 86 15453 Airlines 145.589 137.555 0,07% 46,91% ES 87 35196 Scandinavia 136.293 128.771 0,06% 46,98% DK 88 29663 Aerolane 134.631 127.202 0,06% 47,04% ES 89 781 Sterling A/S 126.196 119.232 0,06% 47,10% DK 90 7649 ABX Air Inc. 123.595 116.774 0,06% 47,16% BE 91 838 Blue1 Oy 121.209 114.521 0,06% 47,21% FI 92 32926 Lan Perú 113.727 107.451 0,05% 47,27% ES 93 33612 Limited 110.311 104.223 110.311 104.223 0,05% 47,32% BE 94 1781 109.579 103.532 0,05% 47,37% LU 95 9918 A/S 103.739 98.014 0,05% 47,42% DK 96 28558 ASTRAEUS LTD 97.014 91.661 0,05% 47,46% UK 97 19210 Ukraine International Airlines 96.990 91.638 0,05% 47,51% AT 98 29378 Pullmantur Air 85.671 80.943 0,04% 47,55% ES 99 2296 83.076 78.493 0,04% 47,59% UK 100 32158 A/S 81.124 76.647 0,04% 47,62% DK 101 18224 77.206 72.947 0,04% 47,66% UK 102 22309 CJSC AIRCOMPANY POLET"" 75.070 70.928 0,03% 47,69% UK 103 29086 Vim airlines 73.359 69.310 0,03% 47,73% ES 104 32432 Egyptair Cargo 70.505 66.614 0,03% 47,76% BE 105 14322 Mexicana 67.258 63.547 0,03% 47,79% ES 106 29057 Santa Barbara Airlines 64.312 60.763 0,03% 47,82% ES 107 21450 Malmö Aviation AB 60.574 57.231 0,03% 47,85% SE 108 32054 LTD 56.936 53.795 0,03% 47,88% UK 109 6101 Edelweiss 53.047 50.119 0,02% 47,90% ES 110 29266 Oy Air Finland Ltd 49.116 46.405 0,02% 47,93% FI 111 12669 BA CITYFLYER LTD 43.192 40.809 0,02% 47,95% UK 112 2642 SYRIAN ARAB AIRLINES 43.108 40.730 0,02% 47,97% UK 113 26939 AB 37.806 35.720 0,02% 47,98% SE 114 11309 S.A. 35.734 33.762 0,02% 48,00% ES 115 22466 Air AS 33.881 32.012 0,02% 48,02% DK 116 3140 PT 30.995 29.285 0,01% 48,03% NL 117 26254 30.892 29.219 0,01% 48,04% RO 118 27086 Flybe Finland Oy 29.075 27.471 0,01% 48,06% FI 119 21470 SMARTLYNX AIRLINES 23.285 22.000 0,01% 48,07% LV 120 27298 Vision Airlines 21.854 20.670 0,01% 48,08% RO 121 f200001 bmi Regional 21.257 20.084 0,01% 48,09% UK 122 34933 Tailwind 20.580 19.445 0,01% 48,10% ES 123 142 P/F 19.460 18.386 0,01% 48,11% DK 124 32526 CJSC Sky Express"" 19.098 18.044 0,01% 48,12% UK 125 32000 18.928 17.884 0,01% 48,13% ES 126 24180 CorpYgnus Air S.A. 17.775 16.794 0,01% 48,13% ES 127 26351 Air Kilroe Ltd trading as Eastern Airways 17.007 16.069 0,01% 48,14% UK 128 4744 TITAN AIRWAYS 16.569 15.655 0,01% 48,15% UK 129 20170 Sweden AB 15.230 14.390 0,01% 48,16% SE 130 33613 Airlines BV 15.151 14.315 0,01% 48,16% NL 131 6064 DUBAI AIR WING 13.964 13.194 0,01% 48,17% UK 132 366 Danish Air Transport A/S 12.518 11.827 0,01% 48,18% DK 133 1755 LOGANAIR 12.496 11.807 0,01% 48,18% UK 134 455 Sweden AB 11.869 11.214 0,01% 48,19% SE 135 18980 AZERBAIJAN HAVA YOLLARI 11.758 11.110 0,01% 48,19% UK 136 29292 Nordic AB 11.357 10.730 0,01% 48,20% SE 137 22830 Golden Air Flyg AB 10.915 10.312 0,01% 48,20% SE 138 30120 Nex Time Jet AB 9.827 9.285 0,00% 48,21% SE 139 30020 Aviastar-Tu CO. 9.596 9.066 0,00% 48,21% BE 140 436 AURIGNY AIR SERVICES LIMITED 8.911 8.419 0,00% 48,22% UK 141 29716 AIR SOUTH WEST LTD. 8.822 8.336 0,00% 48,22% UK 142 28512 InterSky Luftfahrt Ges.m.b.H. 8.369 7.907 0,00% 48,22% AT 143 31345 ATLANTIC AIRLINES UK 7.174 6.778 0,00% 48,23% UK 144 4357 SUN-AIR of Scandinavia 6.449 6.093 0,00% 48,23% DK 145 29957 5.984 5.620 0,00% 48,23% LU 146 30326 AB 5.978 5.648 0,00% 48,24% SE 147 629 Bristow Helicopters Ltd 5.719 5.403 0,00% 48,24% UK 148 30278 DARWIN AIRLINE 5.496 5.193 0,00% 48,24% UK 149 1808 CHC Scotia Ltd 4.221 3.988 0,00% 48,24% UK 150 30590 Bond Offshore Helicopters ltd 2.619 2.474 0,00% 48,24% UK 151 21131 OOO \"ATRAN\" 2.306 2.179 0,00% 48,25% SE 152 26052 Globaljet Luxemburg 1.723 1.628 0,00% 48,25% LU 153 26684 TAG AVIATION UK LTD 1.622 1.533 0,00% 48,25% UK 154 8419 NETJETS INTERNATIONAL 1.429 1.351 0,00% 48,25% UK 155 32040 VistaJet Luftfahrtunternehmen GmbH 1.279 1.208 0,00% 48,25% AT 156 23881 EXECUTIVE JET MANAGEMENT 1.004 949 0,00% 48,25% UK 157 31288 TAG Aviation España S.L. 831 785 0,00% 48,25% ES 158 3456 A/S 824 779 0,00% 48,25% DK 159 27226 Executive Airlines 809 765 0,00% 48,25% ES 160 34461 Aviation Malta 713 674 0,00% 48,25% MT 161 4402 España 673 636 0,00% 48,25% ES 162 27702 Jetalliance Flugbetriebs GmbH 671 634 0,00% 48,25% AT 163 30351 Solid aiR BV 627 592 0,00% 48,25% NL 164 7618 GAMA AVIATION LTD 602 569 0,00% 48,25% UK 165 33061 Avcon Jet Aktiengesellschaft 522 493 0,00% 48,25% AT 166 30323 International Jet Management GmbH 493 466 0,00% 48,25% AT 167 29427 Flying Service 477 451 0,00% 48,25% BE 168 31503 INTERNATIONAL JET CLUB 463 438 0,00% 48,25% UK 169 29388 Hangar 8 Ltd 401 379 0,00% 48,25% UK 170 1084 MIL Belgium 360 340 0,00% 48,25% BE 171 22434 PRESIDENTIAL FLIGHT UAE 351 332 0,00% 48,25% UK 172 21575 Arabasco 259 244 0,00% 48,25% ES 173 1905 3M COMPANY 250 236 0,00% 48,25% UK 174 7521 FORMULA ONE MNGMT 199 188 0,00% 48,25% UK 175 25246 SPECSAVERS AVTN 188 178 0,00% 48,25% UK 176 33247 BLUE CITY HOLDINGS 186 175 0,00% 48,25% IE 177 29250 CENTURION AVTN SRVCS 176 167 0,00% 48,25% IE 178 1116 Försvarsmakten 167 158 0,00% 48,25% SE 179 8849 HONEYWELL INTERNATIONAL Inc 153 145 0,00% 48,25% UK 180 2440 Shell Aircraft International 153 144 0,00% 48,25% NL 181 493 J C BAMFORD EXCAVATORS LIMITED 148 140 0,00% 48,25% UK 182 33204 CTC AVIATION JET SERVICES LTD 141 133 0,00% 48,25% UK 183 23828 EMC IRELAND 136 128 0,00% 48,25% IE 184 11930 NORTH AMERICAN AIRL 135 128 0,00% 48,25% IE 185 13457 Flying Partners 131 124 0,00% 48,25% BE 186 26380 THE HERTZ CORPORATION 116 110 0,00% 48,25% UK 187 24912 Blue Chip Jet HB 113 107 0,00% 48,25% SE 188 29825 SAS Institute 109 103 0,00% 48,25% ES 189 21455 CITYJET LIMITED 107 101 0,00% 48,25% IE 190 f10202 FL Aviation Corporation 104 98 0,00% 48,25% UK 191 380 Alticor Inc 104 98 0,00% 48,25% FI 192 31585 QUALCOMM Incorporated 101 95 0,00% 48,25% UK 193 36153 BAYHAM LIMITED 99 93 0,00% 48,25% UK 194 36057 Glock Services GmbH 94 89 0,00% 48,25% AT 195 28586 Go ahead international 88 83 0,00% 48,25% ES 196 372 AMERICAN EXPRESS 82 77 0,00% 48,25% UK 197 8352 H J HEINZ COMPANY 82 78 0,00% 48,25% UK 198 9049 COLLEEN CORP 81 76 0,00% 48,25% UK 199 32096 PRIME AVIATION JSC 79 75 0,00% 48,25% IE 200 3751 PROCTER&GAMBLE 77 73 0,00% 48,25% UK 201 2797 STEEL 77 73 0,00% 48,25% IE 202 7861 Verizon Corporate Services Group Inc. 76 72 0,00% 48,25% UK 203 33938 AMAC AEROSPACE 75 71 0,00% 48,25% UK 204 4341 MOTOROLA ILLINOIS 75 71 0,00% 48,25% UK 205 27893 MERCK & CO 73 69 0,00% 48,25% UK 206 25363 THE BOEING COMPANY 73 69 0,00% 48,25% UK 207 2808 Dennis Vanguard International (Switchgear) Ltd 69 65 0,00% 48,25% UK 208 24536 JPMORGAN CHASE BANK National Association 68 64 0,00% 48,25% UK 209 33203 NOCLAF LIMITED 67 63 0,00% 48,25% UK 210 8962 VALERO ENERGY 66 63 0,00% 48,25% UK 211 f10208 FLIGHTSTAR CORPORATION 66 62 0,00% 48,25% IE 212 27163 Sheridan Aviation LLC 65 62 0,00% 48,25% UK 213 20894 KOHLER CO 64 61 0,00% 48,25% UK 214 28444 CROSS AVIATION LTD 64 61 0,00% 48,26% IE 215 f11242 Zoe Air 63 60 0,00% 48,26% UK 216 22109 FRANKLIN TEMPLETON TRAVEL INC. 62 59 0,00% 48,26% UK 217 f10035 ANADARKO PETROLEUM CORPORATION 60 57 0,00% 48,26% UK 218 28582 Inter Wetall 60 57 0,00% 48,26% BE 219 8974 BERWIND CORPORATION 57 54 0,00% 48,26% UK 220 29804 Punto Fa S.L. 57 54 0,00% 48,26% ES 221 f10121 CLEVELAND BROWNS TRANSPORTATION LLC 55 52 0,00% 48,26% UK 222 f10089 BLOOMBERG SERVICES LLC 53 51 0,00% 48,26% UK 223 31936 Squadron Aviation 53 50 0,00% 48,26% ES 224 8740 ABBOTT LABORATORIES 52 49 0,00% 48,26% UK 225 31508 AL SALAM 319 LTD. 52 49 0,00% 48,26% UK 226 8430 FAYAIR (JERSEY) Co Limited 52 49 0,00% 48,26% UK 227 6323 BANLINE AVIATION 51 48 0,00% 48,26% UK 228 25432 Walmart Stores Inc. 51 48 0,00% 48,26% UK 229 24578 Gafi General 51 48 0,00% 48,26% BE 230 32737 Great Alliance World Trade 51 48 0,00% 48,26% BE 231 1823 LOCKHEED MARTIN CORPORATION 50 47 0,00% 48,26% UK 232 1584 JOHNSON & JOHNSON 50 48 0,00% 48,26% IE 233 8930 Metropolitan Life 49 47 0,00% 48,26% FI 234 2168 Porsche Konstruktionen GmbH & CoKG 48 46 0,00% 48,26% AT 235 f10074 Bank of America 47 44 0,00% 48,26% ES 236 23240 GTC Management Services 46 43 0,00% 48,26% UK 237 27210 CITIGROUP 45 43 0,00% 48,26% UK 238 21887 Tudor Investment Corporation 45 43 0,00% 48,26% UK 239 31211 CSC TRANSPORTATION INC 44 42 0,00% 48,26% UK 240 25841 GF AIR 44 41 0,00% 48,26% UK 241 36269 VF International 43 40 0,00% 48,26% BE 242 24347 KERZNER INTL. 42 40 0,00% 48,26% UK 243 9170 BEL AIR LIMITED 41 39 0,00% 48,26% UK 244 30051 BOETTI AIR 41 39 0,00% 48,26% UK 245 26560 Pilot Services 41 38 0,00% 48,26% ES 246 32156 TALLWOOD MANAGEMENT 40 38 0,00% 48,26% IE 247 32164 FUTURA TRAVELS 39 37 0,00% 48,26% UK 248 31489 NS AVIATION LTD. 39 37 0,00% 48,26% UK 249 25846 MILBURN WORLD TRAVEL 39 37 0,00% 48,26% UK 250 f10815 Washington Penn Plastic Company 39 37 0,00% 48,26% IE 251 27769 Sea Air 39 37 0,00% 48,26% BE 252 31445 Celestial Airways 38 36 0,00% 48,26% UK 253 31057 CLOUD AIR SERVICES LTD 38 36 0,00% 48,26% UK 254 21482 BECHTEL 37 35 0,00% 48,26% UK 255 1278 GE CORPORATE AIR TRP 37 35 0,00% 48,26% UK 256 f10331 NII Holdings 37 35 0,00% 48,26% ES 257 32127 River Aviation Oy 37 35 0,00% 48,26% FI 258 9962 FROZEN FOODS 36 34 0,00% 48,26% UK 259 29692 RABBIT RUN LLC 36 34 0,00% 48,26% UK 260 24583 HILL AIR 35 33 0,00% 48,26% UK 261 34154 MARCO POLO AVIATION LTD 35 33 0,00% 48,26% UK 262 28542 WHITE ROSE AVIATION INC 35 33 0,00% 48,26% UK 263 2079 OWENS ILLINOIS INC 34 32 0,00% 48,26% IE 264 27087 AVIONETA LLC 33 31 0,00% 48,26% UK 265 31570 CBAIR LLC 33 31 0,00% 48,26% UK 266 944 DONINGTON AVIATION 33 31 0,00% 48,26% UK 267 9695 FJR PRIVATE FLIGHT 33 31 0,00% 48,26% UK 268 3696 TEXAS INSTRUMENTS INC 33 31 0,00% 48,26% IE 269 5683 SWAGELOK 32 31 0,00% 48,26% UK 270 25989 The Flying Bulls GmbH 32 31 0,00% 48,26% AT 271 35071 T2 AVIATION MANAGEMENT LLC 32 30 0,00% 48,26% IE 272 36499 WARNER CHILCOTT 32 30 0,00% 48,26% IE 273 29439 Liberty Global Europe BV 32 30 0,00% 48,26% NL 274 31943 AMGEN 31 30 0,00% 48,26% UK 275 6890 BECTON DICKINSON 31 29 0,00% 48,26% UK 276 34118 CELEUS INVESTMENTS LLC 31 29 0,00% 48,26% UK 277 29824 EIE EAGLE INC ESTABLISHMENT 31 30 0,00% 48,26% UK 278 25637 Krono Air GmbH 31 29 0,00% 48,26% AT 279 1009 Eli Lilly and Company 31 30 0,00% 48,26% IE 280 f10257 IMS HEALTH 30 29 0,00% 48,26% UK 281 3901 MARATHON OIL 30 28 0,00% 48,26% UK 282 29157 BROKERAGE & MANAGMT 29 27 0,00% 48,26% UK 283 4025 Embraer 29 27 0,00% 48,26% UK 284 32293 GOODRICH CORPORATION 29 28 0,00% 48,26% UK 285 36888 BOSTON SCIENTIFIC CORP 29 27 0,00% 48,26% IE 286 12230 A/S 29 27 0,00% 48,26% DK 287 131 AER ARANN 29 27 0,00% 48,26% IE 288 11968 DUKE OF WESTMINSTER 28 26 0,00% 48,26% UK 289 1076 Exxon Mobil Corporation 28 27 0,00% 48,26% UK 290 7382 FALCONAIR LTD 28 26 0,00% 48,26% UK 291 33587 FANAIR AVIATION LTD. 28 26 0,00% 48,26% UK 292 18781 FJ900 Inc. 28 27 0,00% 48,26% UK 293 31771 Grass Green II LLC 28 26 0,00% 48,26% UK 294 f10265 JACKSON NATIONAL LIFE 28 27 0,00% 48,26% UK 295 26848 MCDONALD'S CORP 28 27 0,00% 48,26% UK 296 28983 TWINWOOD TRANSPORTATION (CAYMAN) LTD. 28 26 0,00% 48,26% UK 297 f10405 SNAPPER CONSULTING INC. 27 25 0,00% 48,26% UK 298 36081 STARBUCKS CORPORATION 27 26 0,00% 48,26% UK 299 30753 TYCO HEALTH CARE 27 26 0,00% 48,26% IE 300 23316 Wilmington Trust Company 27 25 0,00% 48,26% NL 301 22294 PENSKE JET INC 26 25 0,00% 48,26% UK 302 1537 BAXTER HEALTH CARE 26 24 0,00% 48,26% IE 303 f10006 Air Products & Chemicals 26 25 0,00% 48,26% ES 304 33376 ARMAD 25 23 0,00% 48,26% UK 305 4018 CAMPBELL SALES COMPANY 25 24 0,00% 48,26% UK 306 21857 HARSCO Corporation 25 24 0,00% 48,26% UK 309 32993 STC LTD 25 23 0,00% 48,26% UK 310 31527 SYMPHONY MILLENNIUM LTD. 25 23 0,00% 48,26% UK 311 28567 Tupack Verpackungen Gesellschaft m.b.H. 25 24 0,00% 48,26% AT 312 36082 CMC GROUP INC 25 24 0,00% 48,26% IE 313 29159 Airmax LLC 25 23 0,00% 48,26% ES 314 f11885 Liberty Global, Inc. 25 23 0,00% 48,26% NL 315 10639 AIRSTAR CORPORATION 24 23 0,00% 48,26% UK 316 35166 AT&T INC 24 23 0,00% 48,26% UK 317 10992 FLYING LION Ltd 24 23 0,00% 48,26% UK 318 32412 Hamilton Aviation Inc 24 23 0,00% 48,26% UK 319 f10269 J. C. PENNEY CORPORATION INC. 24 23 0,00% 48,26% UK 320 21766 TIMBERLAND 24 23 0,00% 48,26% IE 321 1485 Stockwood V 24 23 0,00% 48,26% ES 322 26852 Executive Skyfleet Inc 23 21 0,00% 48,26% ES 323 19232 Jetaway Air Service 23 22 0,00% 48,26% NL 324 34936 GX AVIATION 22 20 0,00% 48,26% UK 325 f10462 US BANK NA TRUSTEE 22 21 0,00% 48,26% UK 326 6803 711 CODY INC 21 20 0,00% 48,26% UK 327 26537 KANGRA AVIATION (FA) 21 20 0,00% 48,26% UK 328 32845 KILMER MANAGEMENT LIMITED 21 20 0,00% 48,26% UK 329 32120 WILDERNESS POINT ASSOC 21 20 0,00% 48,26% UK 330 28485 DOW CORNING 21 20 0,00% 48,26% IE 331 21578 FEDERAL-MOGUL 21 20 0,00% 48,26% IE 332 28372 J.W. Childs Associates 21 20 0,00% 48,26% ES 333 32631 Sextant Holdings, LLC 21 20 0,00% 48,26% NL 334 31782 AMERIPRISE FINANCIAL 20 19 0,00% 48,26% UK 335 35895 ANDROMEDA LTD 20 19 0,00% 48,26% UK 336 7526 CIGNA 20 19 0,00% 48,26% UK 337 f11105 COCA COLA ENTERPRISE 20 19 0,00% 48,26% UK 338 3991 SIOUX COMPANY LTD 20 19 0,00% 48,26% UK 339 13174 TRUSTAIR LIMITED 20 18 0,00% 48,26% UK 340 9965 Magna International Inc. 20 19 0,00% 48,26% AT 341 22958 GROUP HOLDINGS Inc 20 18 0,00% 48,26% IE 342 35644 AMY'S KITCHEN INC. 19 18 0,00% 48,26% UK 343 28482 CLEARWATER FINE FOODS 19 18 0,00% 48,26% UK 344 33646 FAIRMONT AVIATION COMPANY LTD 19 18 0,00% 48,26% UK 345 f10210 FOREIGN MANUFACTURES FINANCE CORP 19 18 0,00% 48,26% UK 346 31920 PRESTBURY TWO LLP 19 18 0,00% 48,26% UK 347 32509 COOK AIRCRAFT LEASING 19 18 0,00% 48,26% IE 348 29120 VEN AIR 19 18 0,00% 48,26% IE 349 36363 Jem Investments 19 18 0,00% 48,26% ES 350 32852 Priyan Foundation 19 18 0,00% 48,26% ES 351 298 AIR CONTRACTORS 18 17 0,00% 48,26% IE 352 f10496 LEUCADIA AVIATION INC. 18 17 0,00% 48,26% UK 353 31832 MR. MARTIN ROWLEY 18 17 0,00% 48,26% UK 354 31697 TAS CORP 18 17 0,00% 48,26% UK 355 f10485 XEROX CORPORATION 18 17 0,00% 48,26% UK 356 29521 FAIRMONT AVIATION SE 18 17 0,00% 48,26% IE 357 21409 IRVING AIR SERVICE INC 18 17 0,00% 48,26% IE 358 f10361 PNC FINANCIAL SERVICES GROUP 18 17 0,00% 48,26% IE 359 8808 Eastman Kodak 18 17 0,00% 48,26% ES 360 f10226 Glass Aviation 18 17 0,00% 48,26% ES 361 1703 Learjet Inc. 17 16 0,00% 48,26% UK 362 35327 LIMONIA LTD. 17 16 0,00% 48,26% UK 363 4470 Industrias Titan 17 16 0,00% 48,26% ES 364 12177 BNY Mellon 16 15 0,00% 48,26% UK 365 30369 Caesars Entertainment Operating Company Inc 16 15 0,00% 48,26% UK 366 22862 CONSTELLATION LEASING LLC 16 15 0,00% 48,26% UK 367 f10192 FIRST DATA CORPORATION 16 15 0,00% 48,26% UK 368 17402 IBM CORP 16 15 0,00% 48,26% UK 369 27301 IVANHOE CAPITAL AVIATION 16 15 0,00% 48,26% UK 370 35176 PACIFIC 16 15 0,00% 48,26% UK 371 30500 Standard and Poor's Security Evaluations Inc 16 15 0,00% 48,26% UK 372 27885 Austin Jet Holding 16 15 0,00% 48,26% AT 373 1178 Ingrid Flick 16 15 0,00% 48,26% AT 374 32525 Harpo 16 15 0,00% 48,26% ES 375 35068 BEACON CAPITAL PARTNERS LLC 15 14 0,00% 48,26% UK 376 32850 Consolidated Press Holdings Limited 15 15 0,00% 48,26% UK 377 9954 HARRIS Corporation 15 14 0,00% 48,26% UK 378 35938 KNIGHTSDENE LIMITED 15 14 0,00% 48,26% UK 379 6404 SONY AVIATION 15 14 0,00% 48,26% UK 380 8180 KELLOGG AVIATION COMPANY 15 14 0,00% 48,26% IE 381 31660 Ripplewood 15 14 0,00% 48,26% BE 382 29096 ACE-INA FLIGHT OPS 14 13 0,00% 48,26% UK 383 3166 BLACK & DECKER 14 13 0,00% 48,26% UK 384 30637 COMPANHIA VALE DO RIO DOCE 14 14 0,00% 48,26% UK 385 11068 MGM MIRAGE AVIATION 14 14 0,00% 48,26% UK 386 15677 TEXTRON INC. 14 13 0,00% 48,26% UK 387 29670 AERO WAYS 14 13 0,00% 48,26% IE 388 29280 ASTOR STREET ASSET 14 13 0,00% 48,26% IE 389 34774 ALIGAP A-S 14 13 0,00% 48,26% DK 390 36793 Airlease Corporation 14 13 0,00% 48,26% ES 391 25843 ICEBIRD LTD 14 14 0,00% 48,26% ES 392 f11328 Ebay Inc 14 14 0,00% 48,26% LU 393 31032 AIM AVIATION 13 12 0,00% 48,26% UK 394 7971 TW AIR 13 12 0,00% 48,26% UK 395 30842 EJS Aviation Services 13 12 0,00% 48,26% ES 396 34009 Sunrider Corporation 13 12 0,00% 48,26% ES 397 13603 VF CORP 13 12 0,00% 48,26% BE 398 30021 57 AVIATION SERVICES LLC 12 11 0,00% 48,26% UK 399 f10770 Charles Schwab 12 11 0,00% 48,26% UK 400 f10319 MP AIR INC. 12 11 0,00% 48,26% UK 401 33802 TAIL WIND LTD 12 11 0,00% 48,26% UK 402 f10118 Chouest Air 12 11 0,00% 48,26% ES 403 f10551 Covington Aviation 12 11 0,00% 48,26% ES 404 30408 Tandoro Ltd 12 11 0,00% 48,26% SE 405 22713 Eastman Chemical Company 12 12 0,00% 48,26% NL 406 22888 On Time Aviation Corp 11 11 0,00% 48,26% UK 407 194 Glock GesmbH 11 11 0,00% 48,26% AT 408 9542 International Paper Company 11 10 0,00% 48,26% BE 409 32764 BHARAT FORGE 10 10 0,00% 48,26% UK 410 29654 EWA WEST LLC 10 9 0,00% 48,26% UK 411 f10369 PROFESSIONAL JET MANAGEMENT INC. 10 10 0,00% 48,26% UK 412 30794 SLEEPWELL AVIATION LTD 10 9 0,00% 48,26% UK 413 31783 Cap Star Radio 10 9 0,00% 48,26% IE 414 24765 Unicasa Ind de Moveis 10 10 0,00% 48,26% ES 415 f10294 Central Missouri Aviation, Inc. 10 10 0,00% 48,26% NL 416 12405 KOM Activity I B.V. 10 10 0,00% 48,26% NL 417 21725 Emergo Finance 10 9 0,00% 48,26% NL 418 31555 BAKEWELL INDUSTRIES 9 9 0,00% 48,26% UK 419 6281 JOHNSON SC AND SON 9 9 0,00% 48,26% UK 420 f10610 L.A.W. AVIATION LLC 9 9 0,00% 48,26% UK 421 3508 Monsanto Company 9 9 0,00% 48,26% UK 422 32174 RAVELLO ENTERPRISES 9 8 0,00% 48,26% UK 423 30615 CARLISLE HOLDINGS 9 9 0,00% 48,26% IE 424 31186 Enguia Gen CE 9 8 0,00% 48,26% ES 425 33212 Intellectual Ventures 9 9 0,00% 48,26% ES 426 3839 Kinnarps 9 9 0,00% 48,26% SE 427 33709 PMI Global Services Inc. 9 9 0,00% 48,26% SE 428 33773 GRAHAM CAPITAL MGMT 8 7 0,00% 48,26% UK 429 f10286 KANSAS CITY LIFE INSURANCE COMPANY 8 8 0,00% 48,26% UK 430 f10312 MCCORMICK AND COMPANY INC. 8 7 0,00% 48,26% UK 431 f10397 SELECT MANAGEMENT RESOURCES LLC 8 7 0,00% 48,26% IE 432 f10127 Conforto Empreendimentos 8 8 0,00% 48,26% ES 433 18907 Norman Aviation 8 8 0,00% 48,26% ES 434 f11336 Corporate Wings 8 7 0,00% 48,26% BE 435 31207 N604FJ, LLC 8 8 0,00% 48,26% BE 436 6625 CATERPILLAR 7 7 0,00% 48,26% UK 437 34153 CAYLEY AVIATION LTD 7 6 0,00% 48,26% UK 438 f10193 FIVE STAR AVIATION LLC 7 6 0,00% 48,26% UK 439 29387 HARBERT FUND ADVISORS INC. 7 6 0,00% 48,26% UK 440 f10240 HESS CORPORATION 7 7 0,00% 48,26% UK 441 27766 LOWE'S COMPANIES 7 7 0,00% 48,26% UK 442 20467 SAMARITAN'S PURSE 7 6 0,00% 48,26% UK 443 24776 The Home Depot USA Inc. 7 7 0,00% 48,26% UK 444 27799 TIDEWATER INC 7 7 0,00% 48,26% UK 445 35956 Pegasus Jet Ltd. 7 7 0,00% 48,26% AT 446 5170 HUMANA 7 7 0,00% 48,26% IE 447 32119 Via Feliz II LLC 7 7 0,00% 48,26% IE 448 36755 Consorcio CJPP 7 7 0,00% 48,26% ES 449 34761 COVENTRY FIRST LLC 7 7 0,00% 48,26% NL 450 f12150 JAY Aviation II LLC 7 7 0,00% 48,26% NL 451 26988 COSTCO WHOLESALE CORPORATION 6 5 0,00% 48,26% UK 452 27291 TARRANT AIR ADVISORS INC 6 6 0,00% 48,26% UK 453 5943 ZENO AIR 6 6 0,00% 48,26% UK 454 28219 HARLEY-DAVIDSON 6 6 0,00% 48,26% IE 455 f10915 Electric Boat 6 5 0,00% 48,26% ES 456 32705 BAA JET MANAGEMENT 5 5 0,00% 48,26% UK 457 28796 CHARTWELL AVIATION SERVICES LLC 5 5 0,00% 48,26% UK 458 11175 CZAR AVIATION LTD 5 5 0,00% 48,26% UK 459 4260 MCCAIN FOODS 5 5 0,00% 48,26% UK 460 36085 Park House Aviation Ltd 5 5 0,00% 48,26% UK 461 5078 CINTAS 5 5 0,00% 48,26% IE 462 f10968 Mozart Investments Inc 5 5 0,00% 48,26% IE 463 35266 PCS Aviation Services 5 5 0,00% 48,26% ES 464 f10346 OMI Management US LP 5 5 0,00% 48,26% NL 465 29326 AEROSERVICIOS EJECUTIVOS CORPORATIVOS S.A. DE C.V. 4 4 0,00% 48,26% UK 466 f10275 JELD-WEN Inc. 4 4 0,00% 48,26% UK 467 f10327 NATIONAL GYPSUM COMPANY 4 4 0,00% 48,26% UK 468 30002 PALM TREE AVIATION LTD 4 4 0,00% 48,26% UK 469 f10376 RAYTHEON COMPANY 4 4 0,00% 48,26% UK 470 9674 REMO INVESTMENTS 4 3 0,00% 48,26% UK 471 f10500 The Duchossois Group, Inc.. 4 3 0,00% 48,26% DK 472 f10284 Jupiter Leasing 4 4 0,00% 48,26% ES 473 30440 Lark Aviation 4 3 0,00% 48,26% ES 474 34609 Transcon Investments 4 3 0,00% 48,26% ES 475 f10341 Office Max Inc 4 4 0,00% 48,26% BE 476 22724 Cardinal Health 3 3 0,00% 48,26% UK 477 f10234 GUIDARA NORDESTE PARTICIPACOES LTDA 3 3 0,00% 48,26% UK 478 f10305 M.J. AIR LLC 3 3 0,00% 48,26% UK 479 209 Ltd 3 3 0,00% 48,26% AT 480 1868 BARD 3 3 0,00% 48,26% IE 481 f10650 DARBY HOLDINGS 3 3 0,00% 48,26% IE 482 28181 FERRO CORP 3 3 0,00% 48,26% IE 483 30469 FIRST VIRTUAL AIR 3 3 0,00% 48,26% IE 484 35616 LEONARD GREEN & PART 3 3 0,00% 48,26% IE 485 28727 Spenaero 3 2 0,00% 48,26% ES 486 f10255 Idaho Investments Inc. 3 3 0,00% 48,26% NL 487 27123 DATEL HOLDINGS LTD 2 2 0,00% 48,26% UK 488 9784 DUNAVANT ENTERPRISES 2 2 0,00% 48,26% UK 489 33361 FAGEN INC 2 2 0,00% 48,26% IE 490 36816 SCB AIR II LLC 2 1 0,00% 48,26% IE 491 f11870 Caleton Holdings 2 2 0,00% 48,26% ES 492 29581 AMB Group 1 1 0,00% 48,26% ES 493 f12156 CareFusion Corporation 1 1 0,00% 48,26% ES 494 28810 David Goldner 1 1 0,00% 48,26% ES 495 f11770 Real World Tours 1 1 0,00% 48,26% ES 496 12573 Redwood Aviation Center 1 1 0,00% 48,26% NL 497 27295 Hagel W - - 0,00% 48,26% ES

TOTAL EUAAs free of charge (AT, BE, DK, ES, FI, IE, LV, LU, NL, MT, RO, SE, UK) 103.646.789 97.928.205

TOTAL EUAAs (free of charge and auctioned) 214.777.671 210.349.265

Historical emissions 221.420.279

% of historical emissions 97% 95%

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