Structure & Compliance

For regulatory reasons, the IWC group carries out its main activities through the following two companies (both wholly owned subsidiaries of the parent company, International Woodland Company Holding A/S):

THE INTERNATIONAL WOODLAND COMPANY ApS

The International Woodland Company A/S (“IWC”) provides investment management and natural resources advisory services regarding its clients’ timberland and agriculture investment strategies and the implementation thereof. IWC is a Danish public limited liability company established in 1991, with governance, among others including: compliance function, policies and procedures.

IWC INVESTMENT PARTNERS A/S

IWC Investment Partners A/S (“IWC IP”) provides investment management, investment advice and discretionary portfolio management regarding financial instruments to professional investors. IWC IP, a Danish public limited liability company established in 2012, is under the supervision of and authorized by the Danish Financial Supervisory Authority as an Alternative Investment Fund Manager (“AIFM”). IWC IP’s governance is among others implemented as follows: dedicated compliance function, policies and procedures. IWC IP’s internal investment committee continuously monitors all risk parameters including potential conflicts of interest.