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Resource Information System Incorporation (RISI), 2013

4) Quality
Product quality of coated paper and paperboard of the Applicant has met the Indonesian National Standard (SNI), Timber Legality Assurance System (Sistem Verifikasi Legalitas Kayu/ SVLK), ISO (International Standard for Organization), and PEFC (Programme for the Endorsement of Forest Certification schemes) . In terms of quality, coated paper and paperboard produced by the Applicant has met national and international standard. Therefore, it can be concluded that quality is not a factor that has impacted to the injury.

Additional information: PEFC is the world's leading forest certification organization. It is an international non-profit, non-governmental organization dedicated to promoting sustainable forest management, the Programme for the Endorsement of Forest Certification is the certification system of choice for small forest owners. See more at https://www.pefc.org/.

The existing laws and regulations related to (domestic and foreign) investment (…)
• Law on Environmental Protection and Natural Resource Management (1996) .

Investment Incentive Program

Trade-related Investment Measures in the Oil and Gas and Mining Sector
Law of the Republic of Kazakhstan No. 291-IV «On Subsurface and Subsurface Use» of 24 June 2010

Chapter 8. Petroleum operations
Article 85. Flaring of associated gas and (or) natural gas
1. Flaring of associated gas and (or) natural gas shall be prohibited, except to the extent of:
1) a threat of or occurrence of an emergency situation, a threat to the life of the personnel or health of the population and the environment;
(...)
2. In cases provided by subparagraph 1) of paragraph 1 of this Article and related to any failures (deviations) in the operation of technical equipment throughout the whole technological complex of operations related to production, collection, preparation and transportation of oil and gas, provided by the approved technological regulations, damaging of mechanisms, equipment and structures, associated and (or) gas flaring shall be allowed without permission.
Therewith the subsurface user shall be obliged within 10 days to provide a written notice of such flaring to the authorized bodies for oil and gas, subsurface study and use, protection of the environment.
Such notice shall contain the reasons why such flaring of associated and (or) natural gas occurred as well as information about the volumes of the flared gas.
3. To the extent, specified in subparagraphs 2) and 3) of paragraph 1 of this Article, flaring of associated gas and (or) natural gas shall be allowed upon the permission of the authorized body for oil and gas, agreed with the authorized body for the study and use of subsurface, for environmental protection provided that the subsurface user observes the project documents within the limits of the standards and volumes calculated in accordance with the methodology approved by the Government of the Republic of Kazakhstan.
(...)

Article 86. Utilization and processing of associated and (or) natural gas
(...) 2. In order to ensure environmental safety, a subsurface user producing hydrocarbons shall take actions aimed at minimizing environmental damage, minimizing the volume of flaring of hydrocarbon gas, and at rational and comprehensive use of natural gas, including its processing.
(...)
5. It shall be allowed at certain deposits where processing of associated gas is inexpedient, to utilize it without processing, by using it for technological needs, pumping it into a reservoir to storage, increasing the intraState pressure, following a decision of the authorized body for oil and gas, upon agreement with the authorized bodies for the study and use of subsurface and for environmental protection.
(...)
8. Subsurface users shall provide programs for the development of processing of associated gas, which are subject to approval by the authorized body for oil and gas and subject to agreement with the authorized bodies for the study and use of subsurface and for environmental protection, and which shall be updated every three years, for the purposes of rational use of associated gas and in order to decrease its harmful environmental impacts by reducing the volumes of its flaring or by reinjection into the reservoir (utilization).
Reports on the completion of programs shall be sent by a subsurface user annually to the authorized bodies for oil and gas, for environmental protection and for the study and use of subsurface.
9. Paragraph 1 of this Article shall not apply to subsurface users performing petroleum operations under subsurface use contracts concluded prior to1st of December 2004, until the expiration of the periods of implementation of the programs for utilization of associated gas and (or) natural gas, if they were approved by (agreed with) a State body prior to1st of December 2004 or agreed with the competent body and the authorized body for environmental protection prior to1st of July 2006.

Article 87. Measures for prevention of accidents and other dangerous situations in the course of conducting the petroleum operations
1. A subsurface user performing petroleum operations in accordance with this Law shall undertake all necessary measures to prevent accidents and other dangerous situations creating a threat to the life and health of people and to the environment, as well as a threat of destruction of property in the course of petroleum operations, and shall be guided by good practice of deposit development and the legislation of the Republic of Kazakhstan.
2. A subsurface user shall develop programs of measures for preventing accidents and other dangerous situations in the course of petroleum operations as well as in the construction and operation of oil and gas pipelines, and shall have them approved as a part of project documents.

Article 88. Raw hydrocarbon deposit construction
3. When building of deposit construction facilities, the sequence of their commissioning as established by the project document shall be observed, so that it does not result in amendment of the project indices in the adopted technological variation of the development of the deposit and in violation of industrial and environmental safety requirements.
(...)

Article 90. Exploration or production at the deposit as a single object
2. To the extent that the subsurface users fail to comply with paragraph 1 of this Article, the competent body shall have the right to demand in a judicial procedure that such subsurface users enter into a contract for joint exploration and production at the deposit (as a single object). When a contract for joint exploration and production is executed, a single work program for the entire deposit shall be developed, which shall be subject to mandatory agreement with the authorized bodies for the study and use of subsurface and for environmental protection.
(...)

Article 91. Safety requirements for conducting petroleum operations and oil transportation
1. Safety in the course of petroleum operations and petroleum transportation shall be ensured through compliance with the established requirements, implementation of a package of organizational and technical measures aimed at protecting human life and health and the environment, creation of conditions for safe construction and operation of aboveground and underground structures and equipment, as well as elimination of threatened accidents.
(...)

The investment incentive program

Trade-related Investment Measures in the Oil and Gas and Mining Sector
Law of the Republic of Kazakhstan No. 291-IV «On Subsurface and Subsurface Use» of 24 June 2010

Chapter 13. State subsurface fund
Article 119. Recording the condition of the State subsurface fund
1. The State subsurface stock includes the subsurface of the Republic of Kazakhstan.
2. The following shall be performed in order to ensure efficient use of the State subsurface stock:
(...) 5) maintenance of State cadastres of:
- deposits and occurrences of minerals;
- burials of harmful substances, radioactive waste and discharge of waste waters into the subsurface;
- technogenic minerals formations.

Article 121. State expertise of subsurface
(...) 3. A State expertise may be performed at any stage of the geological study of a deposit/deposit, provided that the geological materials submitted for the State expertise make it possible to provide an objective assessment of the quantity and quality of the mineral reserves, their significance for the economy of the Republic, and of the mining, hydrogeological, environmental, and other conditions of production.

Article 123. State cadastre of deposits and occurrences of minerals
(...) 2. The State cadastre of deposits and occurrences of minerals shall include information about each deposit, describing the quantity and quality of the main minerals and those accompanying them and of components contained therein, and mine engineering, hydrogeological, environmental and other conditions of deposit development and its geological and economic appraisal, as well as information concerning any discovered occurrences of minerals.

Article 124. State cadastre of burials of harmful substances, radioactive waste and discharges of waste water into subsurface
1. The State cadastre of burials of harmful substances, radioactive waste and discharges of waste water into subsurface shall be organized by the authorized body for environmental protection for the purposes of prompt receipt of information, decision making with regard to environmental protection matters and for exercising planned control over the condition of places of burial of harmful substances, radioactive waste and the discharge of waste water into the subsurface.
2. The State cadastre of burials of harmful substances, radioactive waste and discharges of waste water into the subsurface shall contain information describing the type and form of buried substances and discharged water, setting forth their quantity and quality parameters, and mine engineering, special engineering geological, hydrogeological and ecological conditions of the burial or discharge.
3. The procedure for maintaining the State cadastre of burials of harmful substances, radioactive waste and discharges of waste water into the subsurface shall be established by the Government of the Republic of Kazakhstan.

Article 125. State cadastre of technogenic mineral formations
(...) 2. The State cadastre of technogenic mineral formations shall contain information about stored items, characterizing the type and form of the technogenic mineral formations and setting forth their quantity and quality parameters, and mine engineering and ecological conditions of storage.

Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds

The new Funds - European Long-Term Investment Funds (ELTIFs) will be available to all types of investors across Europe, subject to certain requirements set out in EU law. These requirements include the types of long-term assets and firms that the ELTIFs are allowed to invest in, for example infrastructure, transport, intellectual property and sustainable energy projects; how they have to spread their money to reduce risks and the information they have to provide to investors. There are additional rules for ELTIFs offered to retail investors. Any ELTIF manager will also have to comply with the stringent requirements of the Alternative Investment Fund Managers Directive to provide adequate protection for its investors.

Trade-related Investment Measures in the Oil and Gas and Mining Sector
Law of the Republic of Kazakhstan No. 291-IV «On Subsurface and Subsurface Use» of 24 June 2010

Chapter 1. General provisions
Article 3. Sphere of application of this Law
(…)
2. Relations with regard to the use and protection of land, water (except for ground water and therapeutic muds), forests, flora and fauna, and atmospheric air shall be regulated by special legislation of the Republic of Kazakhstan. (...)

Article 4. Aims and objectives of the legislation of the Republic of Kazakhstan on subsurface and subsurface use
1. The aims of legislation of the Republic of Kazakhstan on subsurface and subsurface use shall be the provision of the economic growth and the protection of interests of the Republic of Kazakhstan and its natural resources.
(...)

Article 5. Principles of the legislation of the Republic of Kazakhstan on subsurface and subsurface use
Legal regulation of relations related to the subsurface and subsurface use shall be based on the following principles:
(...) 2) the provision of the protection of subsurface and environment; (...)

Article 7. The provision of the protection of subsurface and environment
An obligatory condition for exercising the right to subsurface use is the provision of prevention of subsurface contamination and reduction of the harmful impact of subsurface use operations on the environment.
(...)

The existing laws and regulations related to (domestic and foreign) investment (…)
• Law on Forestry (2002)

Trade-related Investment Measures in the Oil and Gas and Mining Sector
Law of the Republic of Kazakhstan No. 291-IV «On Subsurface and Subsurface Use» of 24 June 2010

Chapter 6. Subsurface use contract
Article 65. Appraisal work project
2. An appraisal work project shall be subject to the following mandatory expertise:
1) State ecological expertise;
2) in the sphere of industrial safety;
3) sanitary and epidemiological expertise.
Appraisal work project that does not include the project development of commercial production or the project trial operation, is subject to the State ecological expertise.
(...)

Article 66. Project documents for production works performance
2. With regard to solid and widespread mineral deposits and underground water the following documents shall be prepared:
1) a project of commercial development of the deposit which shall include the time schedule of mining and production work, technical solutions ensuring the specified productivity and other associated production operations; measures ensuring the compliance with the requirements on rational and comprehensive use of minerals, personnel operational safety, protection of environment; reclamation of disturbed soils, as well as data on funding of the planned work with the breakdown by years;
(...)
Project documents should provide a rational and integrated use of the subsoil with the requirements of environmental, sanitary-epidemiological and industrial safety.
5. The project documents for production operations shall be subject to the following mandatory expertise:
1) State ecological;
(...)

Article 70. Territorial scope of a contract
3. If conducting subsurface use operations in a portion of subsurface is impossible or difficult or may result in excessive costs for the subsurface user without granting him an easement for the adjacent or other a portion of subsurface, the person interested in obtaining an easement (applicant for an easement) shall have the right to apply to a subsurface user whose portion of subsurface shall be subject to the creation of an easement, with a proposal to execute an agreement on creation of an easement. (...)
Creation of an easement shall be prohibited to the extent when such creation may cause a threat to the life and health of people or the environment and also when it makes it impossible to carry out exploration and (or) production in the a portion of subsurface.
---

Chapter 7. Rights and obligations of a subsurface user
Article 76. Obligations of a subsurface user
1. A subsurface user shall be obliged:
(...)
2) to ensure the safety of human life and health and environmental safety in the conducting subsurface use operations; (...)
7) to observe the provisions of project documents and technological schemes relating to the performance of subsurface operations that are agreed in the procedure established by the legislation of the Republic of Kazakhstan and that ensure the safety of the life and health of the personnel and the population, as well as the rational and comprehensive use of subsurface and environmental protection; (...)
25) to restore land plots and other natural sites disturbed as a result of subsurface use operations to a condition suitable for their further use in accordance with the legislation of the Republic of Kazakhstan;
26) to forecast the environmental consequences of its activities at a design stage;
27) to conclude a contract on mandatory ecological insurance; (...)

Article 80. Obligations of a subsurface user upon termination of subsurface use operations
1. Upon termination of subsurface use operations, all production facilities of the subsurface user and the land plots shall be brought to a condition ensuring the safety of the life and health of the population and environmental protection, and the consequences of the activity of subsurface users shall be liquidated in accordance with the procedure established by the legislation of the Republic of Kazakhstan.
(...)

Article 81. Ownership of the equipment and other property of a subsurface user
(...) 3. The dismantling and removal of equipment and other property from the contract area, regardless of the ownership of such equipment and other property shall be performed in a manner which shall be safe for human life and health and for the environment, and in compliance with the legislation of the Republic of Kazakhstan.