iPaulownia offers investments opportunities in paulownia timber production plantations, the fastest growing hardwood on the planet. Light but immensely strong, Paulownia has unique market advantage. A highly profitable investment.

1. i n v e s t o r s i n p a u l o w n i a
www.ipaulownia.com

2. Contents
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Introduction
Our story is all about paulownia timber
production and the exciting opportunities
available to investors.
Paulownia Ltd is a European forestry investment
management company specialising in paulownia
timber plantations. Based in London with
administrative and operational offices in
both UK and Spain, we provide managed
paulownia timber investments. Plantations under
development include our own €4M paulownia
project in the region of Albacete, Spain and
further major projects across Europe within our
investment community.
i n v e s t o r s i n p a u l o w n i a
www.ipaulownia.com
Paulownia Ltd was created to exploit market demand for timber. With an expert
team of agricultural, energy, environmental and forestry professionals, European
leaders and pioneers in paulownia timber plantations across Europe, we offer an
unrivalled support framework for our paulownia plantation projects. Together,
we are driving towards our main objective of supplying demand for paulownia, a
timber variety with unique characteristics.
Timber demand far exceeds supply in countries like Spain with the deficit made
up by imports. With such favourable market conditions we are highly focussed on
generating increased paulownia timber production and exploiting these exciting
market opportunities. Together with our investors we seek to mutually benefit from
this new and fast growing timber supply chain.
So what do we offer an investor? We offer new or mature, professionally man-
aged paulownia plantations. We facilitate timber investment in a flexible way. We
source land and provide a complete management service including land prepara-
tion, irrigation, planting and full care of the plantation through to cropping and
delivery to timber processors. The investor can select a plan to suite their appetite:
the size of the plantation; number of trees; duration of investment and whether to
buy or rent the land.
01 Introduction
02 Why join us
03 Why paulownia?
04 The demand
05 Project location
06 Project management
07 Forecast & fees
09 The next step
10 Contact us

3. Whyjoinus
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Someone’s sitting in the shade today because
someone planted a tree a long time ago.
Warren Buffett
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We are inviting investors to become involved with this fantastic opportunity with assured returns
and believe our products will appeal to a wide range of clients from individual investors to
substantial funds.
Key to our strategy is our European Paulownia Network™ of partners and
associates in the paulownia market. With clear evidence of successful
paulownia production across many plantations we demonstrate a proven
track record. We have invested our own funds in paulownia plantations
and together with our Network comprise the most reliable and largest
source of paulownia timber plantations in Europe.
Although paulownia grows in many areas around the world not all
paulownia is the same or suitable for every set of environmental
conditions. Our biological and agroscience advisors have successfully
produced and patented a trademark protected variety, 8 years in
development, which by far outperforms any other paulownia variety that
grows within our European weather and climate conditions. Our patented
paulownia clone is cultivated for excellent timber quality to enhance its
value as a quality timber investment.
To further improve value and guarantee provenance our paulownia is
uniquely to be certificated with a Quality Timber Certificate (QWF)
regulated by the European Union Ministry of Agriculture.
We have a fast growing, superior quality paulownia variety that will
command premium prices in the marketplace and maximise a profitable
exit strategy.

4. Whypaulownia
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WHY PAULOWNIA
Paulownia is, by far, the fastest growing
hardwood on the planet. Our high performance
patented paulownia variety together with
carefully selected project locations and
outstanding professional technical management
can deliver 1m3 of timber within 8 to 10 years.
This unrivalled growth speed builds timber
volume far in excess of other tree types which
can take 25 years or more to achieve the same
volume.
Paulownia has a unique set of characteristics. It is extremely light, strong,
flexible, a very good insulator, has high temperature resistance and its combustion
temperature is almost double that of many conventional hard and soft woods. It’s
not surprising that paulownia is known as the aluminium of the timber world.
Paulownia timber’s demand across Europe, Africa and Middle East arises
from many of these outstanding characteristics. Applications such as building
materials, windows, doors, blinds, architrave, furniture, aircraft fittings, boats,
musical instruments and sport equipments are some of the most common and best
performing paulownia timber uses.
It’s also an ideal substitute for MDF and fibre glass which are recognised as
pollutants with long decomposition time. All of this, plus the fact that paulownia
timber can be delivered within 10 years, makes it an ideal variety for processors
and manufacturers to plan product for.
i n v e s t o r s i n p a u l o w n i a
www.ipaulownia.com

5. Thedemand
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In one year you have a pole, in two years you have an
umbrella and in five years you have sawn lumber
10th Century
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During the past few years the paulownia initiative has been building, studying, testing and
experimenting with innovative new products through the good work of members of the European
Paulownia Network™ including research institutions, universities and some of the largest timber merchants within the European timber
marketplace.
All agree that paulownia timber has great advantages not just to supply
common timber products but to outperform and innovate due to quick
growth, strength, light weight and high temperature resistance.
One of these exciting new products is epitomised by the world renowned
ski brand, Rossignol’s Soul7 skies, incorporating a lightweight paulownia
core which reduced weight by 20% for easier touring, enhanced agility
and ultra-light swing weight. It was ISPO awarded as 2013 best and
most innovative new product being introduced around the world. There
is strong demand from the skiing, water sports and marine industries for
paulowna timber.
Other examples include building bricks made of 60% paulownia powder
resulting in reduced brick weight and a significant reduction in transport
costs. Amazing new applications are being developed using bactericidal
nanoparticle coverings to make paulownia based, lightweight, bacteria
resistant furniture for the kitchen industry and bacteria prevalent areas
such as hospitals and nurseries.
These are just a few reasons why it is our mission to supply and develop
the lucrative and interesting potential of paulownia timber.

6. Projectlocation
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05 i n v e s t o r s i n p a u l o w n i a
We have chosen Spain as the key country for our paulownia plantation development strategy to take
advantage of its favourable timber market conditions but also because it so well located to meet
demands from its North African neighbours.
Spain currently consumes double the amount of its indigenous timber
production. It produces 15M m3 per year which represents 1% of global
production in spite of having extensive forestation, much of which is
protected or under-developed for timber production.
Since 2012, a Spanish national action plan to reduce timber importation
by 33% by 2030 has been put into action. The objective is to increase
timber production to 50M m3 by 2050 and reduce importation to less
than 20% of the national demand.
Not only Spain has large timber production deficits, neighbouring
countries such as those in North Africa and further away in the Middle
East import nearly 100% of their timber. With major ports, such as
Valencia and Algeciras, we have economically viable transport routes
into these markets.
For Paulownia Ltd, the opportunity to supply local and neighbouring
demand is a massive attraction and, consequently, a major imperative to
expansion of our production capacity.
This favourable market situation along with the exceptional year round
climate conditions, ideal plantation locations and first class rail, road
and sea transport facilities are the reasons we selected Spain to be our
business hub.

7. ProjectManagement
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Give me six hours to chop down a tree and I will
spend the first four sharpening the axe
Abraham Lincoln
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All of our timber plantations are carefully managed, controlled and supervised by an expert
technical team of agro scientist advisors, biologists and forestry professionals with many years of
experience.
In addition to successfully establishing more than 500 hectares of
paulownia plantation in Spain, Romania, Italy and South America, they
have managed and been directly responsible for thousands of hectares of
vineyards, almonds, olives and many other agricultural projects over the
last 30 years.
For an annual fee, we manage the entire production cycle from
supplying the paulownias to the future sale of the timber, including land
preparation, installing irrigation systems, planting, fertilising, watering,
pruning, cutting and delivering the timber to the market. Looking after
a paulownia plantation requires regular and continuous attention to
maximise performance.
We work closely with local town halls who are keen on what they view
as important local contributions to their economy, employment and
land usage. We employ and train local labour and also subcontract to
professional service providers to provide maintenance and installation
services under our instruction and supervision.
At anytime, investors are welcome to visit their plantation to be guided
through the progress and updated with latest achievements. Plantation
progress reports are provided on a quarterly basis and we encourage a
friendly regular dialogue to maintain a continuing project involvement.

8. Plantation
Key Financial
Elements
Standard Calculation
Area 1 Hectare
Nº trees 600 600 trees /Ha
Initial Reservation Fee* € 4,000 € 4,000/Ha
Initial Investment** € 12,000 €12,000/Ha
Total 1st year Investment € 16,000
Annual Fees*** € 36,000 € 4,000/Ha /Year
Total Investment € 52,000 10 years (1st year + 9)
Cropping Cost**** € 36,000 € 60 / tree
Sale of Timber € 168,000 1 tree= 0.7m3 @ €400/ m3
INVESTMENT RETURN € 132,000
Forecast&Fees
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Investment
One hectare of paulownia plantation is planted
with 600 paulownia trees.
A paulownia tree produces about 1m3 of tree
and 0.7m3 of usable timber within 8-10 years
which totals 420m3 of usable timber per hectare
The current market value for paulownia in
countries like Australia and China for first
quality timber has exceeded $1,500 per
m3. In Europe, imported paulownia timber is
being bought for over €500 per m3. These
values should ensure that our quality stamped,
trademarked, paulownia timber estimate of
€400 per m3 is a reasonable and safe forecast.
i n v e s t o r s i n p a u l o w n i a
www.ipaulownia.com
Plantation example paulownia
Internal rate of return over 10 years - 16.4%
Internal rate of return inflated @ 7% after 10 years - 24.7%
*Initial Reservation Fee: Paulownia Ltd will organise paulownia plants, local labour
and land preparation.
**Initial investment: This covers land preparation, planting process and first year
plantation management.
***Annual Fees: €4,000 per year per hectare are paid towards plantation man-
agement: labour, fertilisers, water, herbicides, insecticides and technical direction
etc.
**** Cropping Cost: The tree is now ready to be harvested. This cost will be de -
ducted from the sale of the tree.
With timber sales prices being €400

9. Forecast&Fees
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Money doesn’t grow on trees. Unless, that is,
you are in the timber business...
Financial Timesi n v e s t o r s i n p a u l o w n i a
We, at Paulownia Ltd, believe it is reasonable to consider a
conservative 5% growth per annum from today’s market value for
paulownia timber within the next 10 years. Our Investment Plans
show the Internal Rate of Return if timber prices remained flat at
today’s values and what would happen if all values increased at
7% per annum. Investors should make their own judgements.
*Performance Fee: A performance fee of 20% will apply to the
net profit on sales greater than the estimated sales price agreed
at the time of contract.
Cash flow for 10 yr growth cycle - rental (10 hectare plantation)
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Outcome
Investment 160,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Revenue 0 0 0 0 0 0 0 0 0 0 1,320,000
Cashflow -160,000 -200,000 -240,000 -280,000 -320,000 -360,000 -400,000 -440,000 -480,000 -520,000

10. Nextstep
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The next step
BOOK A VISIT TO OUR PAULOWNIA
PLANTATIONS.
Don’t take it for granted, come and view it for
yourself!
We encourage timber investors to come and
view the entire paulownia operation for
themselves. We can organise group tours as
well as independent visits to our plantations and
support infrastructure.
A typical tour consists of 2-3 days and includes collection at Valencia Airport and
complimentary transfer to your hotel followed by:
Visit to the laboratory
See the birth of a paulownia tree! You will be shown around the largest in
vitro cultivation laboratory in Spain and second largest in Europe, explaining
the micro-propagation process, viewing how paulownia clones are multiplied,
understanding the step by step process of each clone prior to planting. A fantastic
learning experience!
Plantation Tours
After learning how our paulownia clones are carefully created and multiplied,
we will take you through a number of plantations with different age ranges to
help you understand paulownia’s growing cycle. We will also show you available
plantations and tailor made investment opportunities that would match your timber
investment requirements.
Understanding the entire Business Cycle
During your visit we will take you to the saw mills that process paulownia timber,
listen to their experience with the quality of our paulownia timber and provide an
insight into the wide variety of applications and products for which paulownia is
suitable. We will show you some examples of these products.
This will bring to life the entire cycle of the paulownia investment business.
Detailed investment explanation and legal purchase procedure
We will allocate some time during your visit to explain the benefits of timber
investment, work out some numbers for you and introduce you to legal expertise
to explain the investment process. This will also allow you to decide whether it
is better for you set up a Spanish company or invest as an individual to maximise
your investment potential.
i n v e s t o r s i n p a u l o w n i a
www.ipaulownia.com

11. Contactus
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Timber has risen steadily in price for 200 years and has
returned an average of 6,5% a year for the last century
Jeremy Grantham
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Join us on this exciting venture and see for
yourself the timber investment opportunities
available. Learn about paulownia and its
unique timber qualities by visiting us during
a long weekend. It will be a full weekend’s
learning experience but led in a friendly
and relaxed way without pressure. You will
not regret it!
+44 (0)203 2827178
helpme@ipaulownia.com
Paulownia Ltd
Omnibus Business Centre
42 North Road
London
N7 9DP

12. www.ipaulownia.com©2013Paulownialtd
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