Timberland

The BTG Pactual Timberland Investment Group ("TIG") leadership team has more than 800 combined years of investment, agribusiness and timberland management experience, and a strong commitment to sustainability. TIG has over 2 milion acres under management located in the U.S., Latin America, Eastern Europe, and South Africa representing nearly US$ 3.5 billion in assets and commitments. TIG's team of over 80 professionals has executed more than 225 transactions and returned more than US$ 1.7 billion to investors since inception.

TIG’s investments are built around broad strategic insights, bottom-up research, hands-on investment management, and careful monitoring of portfolios based on a solid analytical framework. TIG’s continuous improvement methodology keeps the team focused on the investment solutions offered to clients. Product innovation is fostered with close communication between the client services, global investment and distribution teams. Innovative ideas are incubated in an environment that values research, knowledge, insight and productive debate.

Non-Brazilian Investor

Please, read the following comments about information published in the website.

This document is published exclusively for the purpose of providing information and conferring transparency to the management carried out by BTG Pactual, and it is not the Offering Memorandum of the Funds and is not to be considered as an offer for the sale of shares of the Funds or of any other security.

Some of the Funds are not listed on the Cayman Islands Stock Exchange and are accordingly prohibited from making an offering to the public in the Cayman Islands.

In some cases, no registration statement has been filed with the United States Securities and Exchange Commission or any State Securities Authority with respect to the offering of the Funds shares.

Not all the Funds presented here have their shares registered under the United States Securities Act of 1933, as amended.

This document is not destined to investors with residence in Brazil.

The Funds may not be offered, sold, redeemed or transferred in Brazil.

The offer and sale of the Funds shares in certain jurisdictions may be restricted by law.

Before subscribing for the shares, each prospective investor should (i) carefully read and retain the Offering Memorandum of the Funds and the relevant Supplement or Annex in respect of the portfolio and/or class of shares; (ii) consult with his/her/its own counsel and advisors as to all legal, tax, regulatory, financial and related matters concerning an investment in the Funds.

Past performance does not guarantee future results.

BTG Pactual takes no responsibility for the accidental publication of incorrect information, nor for investment decisions taken based on this material.

Access to this document or use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law, rule or regulation.