2010Corporate Presentation

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Index

History

Presence

International Expansion

Group in numbers

Products

Oak lumber

Value Added Timber

New Strategic Product

Strategy Plan

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History

Grupo Ureta Maderas (GUM) is 100% property of Andrés´ family and is the headquarter of a Holding dedicated to the Wood Industry, established in Burgos (Spain).

The Company has its origins in 1875, with more than 130 years dedicated to the Wood Industry and is now the fourth generation.

Initially, the GUM´s activity focused on the sawing and commercialization of pine and fir. At present, and due to a change in the market preferences, the Company decided to focus on the sawing and commercialization of European oak. However, it continues to commercialize all kind of wood according to its clients´ request.

Since 1990, GUM decides to gradually produce and be present in the three principle areas were raw material is located: Poland, Ukraine and Hungary.

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History

XIX s 1988 90´s 1990 2001 2004 2005 2006 2007 2008 20091951

HSA start-up. First firm of the Group.

MU start-up. Commercialization of wood derivatives.

Prospection of wood markets in Russia, Poland and other Easten Countries.

Cut workshop custom.made installation in MU.

Sanza Top. (sawing firm in Ukraine).

Group´s legal and mercantile reorganization as Holding.Presence in Nantes International Trade Fair. International boost. 300 m3 ofadditional sawing installed in Poland.

200 m3 of additional sawing in Ukraine. Exports to China.

Ureta Hungría Kft. Star-up.Second presence in Nantes International Trade Fair. Logistic centre sw 4.500 m2 in Wroclaw (Poland).

Move of MU to better installations in Villimar (Burgos).200 m3 of additional sawing installed in Poland. Initial negotiations with Hungary State.

MU and HSA merger. Main logistic national centre.Legal merger.Investment in an intelligent warehouse in Burgos.

Purchase of Hungary industrial land. Start-up and design of the logistic and technological centre in Nagykanizsa (Hungary).

Initiation of sawing in Quintanar de la Sierra (Burgos).

Uretapol Sp.Z.o.o. (sawing firm in Poland). 275 m3 of sawing installations. Move of HSA to Burgos for oak commercialization.

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Presence

Four companies integrate GUM: Uretapol (Poland), Sanza (Ukraine), Ureta Hungría (Hungary) and Maderas Ureta (Spain).

Alliance

GUM Firms

Leyend

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Presence: Hungary

Ureta Hungría49.000 m2 installations

Dry capacity: 4.100 m3 / year

Easy access to both Poland and Ukraine.

Commercialization to Spain, Portugal, Maghrib, Egypt,

Turkey, China, Malaysia and Vietnam.

Improvement of logistic management.

Corridor to Adriatic Sea.

Strategic Logistic Centre Strategic Raw Material Centre

Road, motorway between Budapest and Zagreb.

Railway: Connection to Asia.

Commercialization to Portugal, Spain, Maghrib, Egypt,

Italy, Turkey, China, Vietnam and Malaysia.

Corridor to Adriatic Sea.

Excellent Infrastructure

Labour force with good technical preparation

Competitive labour costs and lower than Spanish

ones.

Qualified Labour Force

Next Steps:

Laminate

Plenty of forest resources.

Located at 20 km from Croatia, 50 km from Slovenia and

90 km from Austria.

Forest running: Public enterprise ZALAERDÖ Rt - 56.117

Forest area: Estate (56%), Private (43%).

Active forest policy: Reforestation.

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Presence: Poland and Ukraine

Main sawing and drying centre of the Group.

Located in Milicz, at 60 km from Wroclaw.

54.000 m2 of installations.

Sawing capacity: 15.400 m3 / year.

Nominal drying capacity: 775 m3.

Guaranteed quota asigned by the Polish

State.

Commercizalization to Europe, Middle East

and South Asia.

Uretapol

Located in Berezhany, at around 120 km from

Lviv.

26.000 m2 of installations.

Sawing capacity: 10.000 - 11.000 m3 / year.

Nominal drying capacity: 200 m3.

Commercizalization to Uretapol and “Ureta

Hungría”.

Sanza

Next Steps:

Bio - Mass

Waste (30.000 Tn capacity)

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International Expansion 2010

GUM Firms

Current Market

Potential Market

Leyend

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The Group in Numbers

Main variables for 2010

Sawing Capacity Sawing volume: 30.000 m3

(14.087 m3 final product).

Drying Capacity 15.000 m3 final product.

Outsourcing Capacity 6.000 – 8.000 m3 additional.

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Products

GUM is specialized in both production and commercialization of oak elements in many different dimensions and qualities:

– Long boards 27 mm/32 mm/38 mm/50 mm/65 mm /80 mm/100 mm , 2.1+ and longer

– QF flooring lumber 27mmx100-280 mm x 1200 +

– Short lenght boards 27 mm/32mm/38mm/50 mm/65 mm/80 mm , 0.9 to 2.0 meters

– Parquet strips fresh and dried

– Squares 38x50, 50x50, 65x65, 80x80, 100x100

– Friezes and Mosaic

– Beams, produced according customer request in 2-3 weeks lead time.

– Solid flooring , all qualities and dimenssions 22x70-200 x600 + (added value)

– Engineeredflooring , 21mmx180/200/220 (added value)

– Retails products: Boards, flooring, laminated beams … (added value)

In 2010, the Group is betting on three strategic products:

– Laminated: Stairs, windows and doors components, 3ply , 4 ply

– Pellets (bio-mass).

– New timber species: Ash, beech, African species…

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Laminated / quality

STANDARD STOCK SECTIONS European Oak from our own sawmill production sited in Poland and Ukraine. FSC

mixed 70% Outer layers solid and almost defect free. Inner layers may be finger jointed and /or edge glued.( except 90x90 and 100x100

mm which is sold every layer) Up to 10 mm x 10 mm sapwood permitted on 1 corner of each piece. Planned four sides ( S4S) after laminating tolerances +2/0 mm Glue DIN EN 2004 D4- Cross cut to length. All dimensions available upon request. Lead time : 3-4 weeks.

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Laminated dimmensions

SPECIFICATIONS 72x72 72x82 72x92 72x102 72x112 72x122 till 3000 mm 63x72 63x82 63x92 63x102 63x112 63x122 till 3000 mm 45x80 45x90 45x100 45x110 till 3000 mm 90x90 100x100 till 1900 mm 300x32 x 900/1000/1100/1200mm 1000x32 x 900/1000/1100/1200 mm 300x42x900/1000/1100/1200 mm 1000x42x900/1000/1100/1200 mm Other specifications available upon request.

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Solid Flooring

Euro oak Solid Flooring. Own production. Lead time 10 days , any quantity

21x70 /21x90 / 21x120 / 21x140 /21x160 and 21x180

Lenght 600 mm and longer

Qualities available:– QF1A– QF2– QF 3– QF4– QF 5

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Engineering Flooring

Lamel Europeen Oak Flooring 20.5 mm .(21 mm) Quality : Rustic Ab. (qf 2.3.4) Dimensions : 21x185 -21x200- 21 x 220 mm Length : 180-245cm. : 100 % Full Birch Plywood wpb glued 15mm , European oak top layer 5,5mm thickness Total 20,5 mm. Production : De Boards are glued with 2 component cold pressed glue wpb Remarks : Boards are filled and sanded , 4 side profiled Lamel Europeen Oak Flooring 16 mm . Qualities : Rustic Ab. (qf 2.3.4) Dimensions : 20x160 -20x180 -20x200mm Length : 180-245cm. Production : 100 % Full Birch Plywood wpb glued 12mm , European oak toplayer Thickness 4 mm Total 16 mm. : De Boards are glued with 2 component cold pressed glue wpb Remarks : Boards are filled and sanded , 4 side profiled

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Strategic Products

LAMINATETIMBER

BIO-MASS OTHER SPECIES

Pellets Beech, Ash Tree …

Own productionOak / beech

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And is preparing the path for the future….

– Start new business such as pellets.

– Develop alliances or joint-ventures for international expansion.

– Sell or alliance in Retail.

Strategy Plan

The Group Strategy Plan for 2010 can be summarized in five strategy lines:

– International market development => Increase of international sales around 85,4% vs 2009.

– Spain business consolidation => Spanish sales of 8,5 M€ including Retail.

– Opening of a logistic strategic centre in Hungary (April 2010).

– Product diversification through international sales channel.

– Board of Directors leading the project.

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Why Ureta Group the right hardwood partner

– Flexible and guanranteed European oak supply. Being the only big supplier with owned sawmill

– Know how for outstanding customer service.

– As consecuence of beine producer, reliability in deliveries, flexibility in production and quality consistency.

– High potential of development in value added products and new species ( laminated, flooring products).

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