Teak Holz International AG

Teak Holz International AG is an Austria-based holding company which is engaged in the teak forestry investments in Costa Rica. The Company is focused on finding and afforesting land suitable for the production of exotic wood teak, maintenance and cultivation of the teak plantations and marketing of the teak. The Company supplies raw teak wood as timber through its wholly owned subsidiary Teak Holz Handels- und Verarbeitungs GmbH. The Company owns eight plantations with a total area of approximately 2,000 hectares. The Company operates through 10 wholly owned subsidiaries in Costa Rica and Austria, including Plantacion Austriaca Teca SA and Servicios Austriacos Uno, SA, among others; as well as one majority owned subsidiary in Costa Rica, Finca De Los Austriacos SA.