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RAIZEN CENTRO-SUL PAULISTA S.A.

FAZENDA INVERNADA, S/N
ZONA RURAL. MORRO AGUDO ñ SP CEP: 14640-000. CNPJ: 49.213.747/0001-17.

"CERTIFICATE OF QUALITY"
QUALITY REPORT O/S OGC. 200000008220/23 C // 200000009310/23 C

NAME OF VESSEL : STOLT DUGONG

TERMINAL : VOPAK BRASIL S.A
PORT OF LOADING : SANTOS, BRAZIL
PORT OF DISCHARGE : SARIAYA, PHILIPINNES
DESCRIPTION OF GOODS : ETHANOL ANHYDROUS
BILL OF LADING : 706
DATE : JULY 2nd, 2023

We, SGS DO BRASIL LTDA., an independent surveyor, hereby certify that analysis was effected on a composite representative sample drawn at load port ex
shore's tanks before completion of loading.

Composite representative sample drawn from shore's tanks 112/01, 112/02, 112/05, 112/06, 112/10, 112/11, 112/13 and 112-16 before loading operation on
June 29th, 2023.

Property Unit Limit Method Results

Appearance - (*) Visual Pass
PH - 6.5 - 9.0 ASTM D6423:2020 8.0
Colour - Colorless, water like Visual Pass
Copper Content mg/kg Max 0.1 NBR 11331 <0.01
Density at 20C Kg/L Max 0.7915 ASTM D4052:2022 0.7908
Electrical Conductivity µS/m Max 500 NBR 10547:2016 87
Ethanol Content % vol. Min 99.3 ASTM D5501:2020 99.53
Methanol Content % vol. Max 0.5 ASTM D5501:2020 <0.01
Inorganic chloride Content ppm(m/m) Max 20 ASTM D7919:2022 <1.0
Total Acidity as Acetic Acid %(m/m) Max 0.007 ASTM D1613:2017 0.0010
Water Content %(v/v) Max 0.5 ASTM E203:2016 0.424

(*) Clear and bright, visibly free of suspended or precipitated contaminants

Santos, July 2nd, 2023

CRQ. 04263575
sca
This document is issued by the Company under its General Conditions of Service accessible at http://www.sgs.com/en/Terms-and-Conditions.aspx. Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined
therein.
Any holder of this document is advised that information contained hereon reflects the Companyís findings at the time of its intervention only and within the limits of Clientís instructions, if any. The Companyís sole responsibility is to its Client
and this document does not exonerate parties to a transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document
is unlawful and offenders may be prosecuted to the fullest extent of the law.
The results shown in this test report specifically refer to the sample(s) tested as received unless otherwise stated. All tests have been performed using the latest revision of the methods indicated, unless specifically marked otherwise on
the report. Precision parameters apply in the determination of the above results. Users of the data shown on this report should refer to the latest published revisions of ASTM D-3244; IP 367 and ISO 4259 and when utilising the test data to
determine conformance with any specification or process requirement. This Test Report is issued under the Companyís General Conditions of Service (copy available upon request or on the company website at www.sgs.com). This report
shall not be reproduced except in full, without the written approval of the laboratory.