Required Report - public distribution

**Date:** 10/25/2005

**GAIN Report Number:** MX5091

MX5091

**Mexico**

**Solid Wood Products**

**Annual**

**2005**

**Approved by:**

![](media/image1.wmf)Suzanne E. Heinen

U.S. Embassy Mexico City

**Prepared by:**

Benjamin Juarez/Gabriel Hernandez /Marco Arceo/Jeff Nawn

**Report Highlights:**

Mexico's imports of solid wood products are expected to increase
slightly in MY 2006. The major factors contributing to this growth are:
a positive outlook of the Mexican economy in CY 2006 with higher demand
from the construction and furniture sectors, as well as the shortcomings
in domestic production. The strong economy and tight domestic supplies
will guarantee Mexico's continued reliance on solid wood imports to meet
domestic demand in MY 2006. The main challenge for U.S. wood exporters,
however, will be to remain competitive with third countries in the
Mexican wood market

Includes PSD Changes: Yes

Includes Trade Matrix: Yes

Annual Report

Mexico \[MX1\]

\[MX\]

# TABLE OF CONTENTS

# 

[ECONOMIC SITUATION AND OUTLOOK 3](#economic-situation-and-outlook)

[FOREST SITUATION 3](#forest-situation)

[AREA AFFECTED BY FOREST FIRES 8](#area-affected-by-forest-fires)

[AREA AFFECTED BY FOREST FIRES 8](#area-affected-by-forest-fires-1)

[STRATEGIC INDICATOR: FOREST AREA 9](#strategic-indicator-forest-area)

[PROGRAMS 10](#programs)

[PHYTOSANITARY ISSUES 12](#phytosanitary-issues)

[SOLID WOOD PRODUCTS OVERVIEW 14](#solid-wood-products-overview)

[INTERNATIONAL TRADING ENVIRONMENT
15](#international-trading-environment)

[MARKET DEVELOPMENT STRATEGIES 16](#market-development-strategies)

[SOFTWOOD LOGS PS&D 18](#softwood-logs-psd)

[TRADE MATRIX SOFTWOOD LOGS 18](#trade-matrix-softwood-logs)

[PRODUCTION -- SOFTWOOD LOGS 19](#production-softwood-logs)

[CONSUMPTION -- SOFTWOOD LOGS 19](#consumption-softwood-logs)

[TRADE -- SOFTWOOD LOGS 19](#trade-softwood-logs)

[TEMPERATE HARDWOOD LOGS PS&D 19](#temperate-hardwood-logs-psd)

[TRADE MATRIX TEMPERATE HARDWOOD LOGS
20](#trade-matrix-temperate-hardwood-logs)

[PRODUCTION -- HARDWOOD LOGS 20](#production-hardwood-logs)

[CONSUMPTION -- HARDWOOD LOGS 20](#consumption-hardwood-logs)

[TRADE -- HARDWOOD LOGS 21](#trade-hardwood-logs)

[SOFTWOOD LUMBER PS&D 21](#softwood-lumber-psd)

[TRADE MATRIX SOFTWOOD LUMBER 21](#trade-matrix-softwood-lumber)

[PRODUCTION -- SOFTWOOD LUMBER 22](#production-softwood-lumber)

[CONSUMPTION -- SOFTWOOD LUMBER 22](#consumption-softwood-lumber)

[TRADE -- SOFTWOOD LUMBER 22](#trade-softwood-lumber)

[TEMPERATE HARDWOOD LUMBER PS&D 23](#temperate-hardwood-lumber-psd)

[TRADE MATRIX TEMPERATE HARDWOOD LUMBER
23](#trade-matrix-temperate-hardwood-lumber)

[PRODUCTION -- HARDWOOD LUMBER 24](#production-hardwood-lumber)

[CONSUMPTION -- HARDWOOD LUMBER 24](#consumption-hardwood-lumber)

[TRADE -- HARDWOOD LUMBER 24](#trade-hardwood-lumber)

[TROPICAL HARDWOOD LUMBER PS&D TABLE
25](#tropical-hardwood-lumber-psd-table)

[TRADE MATRIX TROPICAL HARDWOOD LUMBER
25](#trade-matrix-tropical-hardwood-lumber)

[PRODUCTION - TROPICAL HARDWOOD LUMBER
25](#production---tropical-hardwood-lumber)

[CONSUMPTION - TROPICAL HARDWOOD LUMBER
26](#consumption---tropical-hardwood-lumber)

[TRADE - TROPICAL HARDWOOD LUMBER 26](#trade---tropical-hardwood-lumber)

[SOFTWOOD PLYWOOD PS&D TABLE 26](#softwood-plywood-psd-table)

[TRADE MATRIX SOFTWOOD PLYWOOD 27](#trade-matrix-softwood-plywood)

[PRODUCTION -- SOFTWOOD PLYWOOD 27](#production-softwood-plywood)

[CONSUMPTION -- SOFTWOOD PLYWOOD 27](#consumption-softwood-plywood)

[TRADE -- SOFTWOOD PLYWOOD 28](#trade-softwood-plywood)

[HARDWOOD PLYWOOD PS&D TABLE 28](#hardwood-plywood-psd-table)

[TRADE MATRIX TEMPERATE HARDWOOD PLYWOOD
29](#trade-matrix-temperate-hardwood-plywood)

[PRODUCTION -- HARDWOOD PLYWOOD 29](#production-hardwood-plywood)

[CONSUMPTION -- HARDWOOD PLYWOOD 29](#consumption-hardwood-plywood)

[TRADE -- HARDWOOD PLYWOOD 29](#trade-hardwood-plywood)

[STRATEGIC INDICATOR TABLE 30](#strategic-indicator-table)

#   {#section-1 .unnumbered}

# ECONOMIC SITUATION AND OUTLOOK

Mexico's economy grew 4.1 percent during 2004, compared to 1.3 percent
in 2003. This economic growth was supported by an increase in U.S.
demand, which stimulated Mexican exports. While an improvement, the 2004
growth rate was still below the average growth rate from 1996-2001 of 5
percent. Mexico's economy is heavily dependent on the United States,
which purchases 90 percent of Mexico's exports. Economic growth in
Mexico is expected to slow in 2005 to approximately 3 percent, in light
of a slowdown in the U.S. economy.

During the past year Mexico's currency and financial markets have
remained stable. The stock market was one of the 10 best performers
among emerging economies, and in 2004 foreign direct investment climbed
64 percent to U.S. \$18 billion. This macroeconomic stability has been
achieved through sound monetary and fiscal policies. However, the lack
of structural reforms serves to keep Mexico from improving upon its
global competitiveness. According to the World Economic Forum, Mexico
ranked 48^th^ out of 104 countries in competitiveness, down from 47^th^
a year ago.

Part of the reason for this relatively low competitiveness rating is
because congressional opposition has prevented President Fox from
advancing structural reforms throughout his administration, and 2005 was
no exception. Fiscal, energy, and labor reforms were all stalled during
2005. Analysts estimate that with an impending presidential election in
2006, significant reforms may be shelved until at least 2007. Most
economic observers agree that passage of key reforms is critical to
improving Mexico's competitiveness. Lastly, in September 2005, the GOM
presented to Congress for its approval the economic program for 2006.
This program seeks to maintain fiscal discipline, and therefore makes
conservative macroeconomic assumptions and establishes targets for lower
fiscal deficits, with reductions in income and spending. However, due to
the disputes between the Executive and Congress regarding the budget
during 2005, it is rather improbable that Congress will approve the
government's proposal without modifying it.

# FOREST SITUATION

Based on information provided by the National Forest Commission
(CONAFOR), Mexico's total forest resource base is estimated at 84.57
million hectares. The breakdown by forest type and hectarage is as
follow:

**MEXICO\'S MAJOR FOREST TYPES**

![](media/image2.wmf)

![](media/image3.wmf)

Notes: Softwood: Conifer Forest; Hardwoods: Oak Forest; Mixed: Conifer
-- Oak Forest and Tropical Rain Forest; Highland mid-forest: High and
Medium Tropical Forest; Low tropical forest: Low Tropical Forest. Other:
Include some Subtropical Shrubs like conifer Shrub (MJ), Subtropical,
Shrub (MST), Tamaulipeco Thorn Shrub (MET), Sarcocaule Shrub (MSC),
Sacocrasicaule Shrub (MSCC), Sacrocrasicule Cloud Shrub (MSN),
Submontano Shrub (MSM). Chaparral (ML) and Mezquital (MK), according to
the classification system.

Source: National Forest Commission (CONAFOR): National Continuous Maps
of the Land Use and Vegetation. Series II (1993) and Series III (2002).

The temperate pine-oak forests of Mexico cover the mountain ranges in
western and eastern Mexico (the Sierra Madre Occidental and the Sierra
Madre Oriental), which join the two ranges in central Mexico, and the
Sierra Madre del Sur along the Pacific coast of Guerrero and Oaxaca. In
the south, after breaking at the Isthmus of Tehuantepec, the mountains
rise again in the Sierra Madre de Chiapas and the Mesa de Chiapas in
southeastern Mexico. It is on the slopes of the Sierras that Mexico\'s
pine and oak forests are found, with the greatest number of pine species
of any country in the world, some 72 in two major groups. There are also
some 130 species of oak. The Conifer and Oak Forests extend throughout
the Sierra Regions, with pines dominating in the higher, colder
altitudes, and oaks being more common at lower and drier altitudes. The
majority of all forest management communities in Mexico are found in the
Conifer and Oak Forests, particularly in the states of Chihuahua,
Durango, Michoacán, Guerrero, Puebla, and Oaxaca.

Mexico's forests continue to be characterized by their fragmentation and
a very strong human presence. According to official data, twelve million
farmers and indigenous people, whose livelihoods depend on the
harvesting of timber and other forest products, live in Mexico's forest
areas. As a consequence of this large and growing population, natural
resources and the environment have been damaged. One of the most
important adverse impacts has been the constant degradation of forest
ecosystems and deforestation. Mexico\'s forests have been under assault
in recent decades, although studies of deforestation suggest that
deforestation rates have varied between the tropical and temperate zone
areas. As elsewhere in the tropics, deforestation in southeastern
Mexico, where the tropical forests are concentrated, has occurred at
alarming rates.

The deforestation rate estimates predict annual forest losses that range
from 365,000 to 1.5 million hectares annually. A recent study of land
use/land cover change in Mexico, however, has produced the most
authoritative figures to date. The National Land Use Inventory of 2001,
conducted by the Geography Institute of Mexico's National Autonomous
University (UNAM), states that the rate of annual forest loss in the
1976-2000 period was 0.25 percent for temperate forests, 0.76 percent
for tropical forests, and 0.33 percent for semi-arid scrub forests
(*matorral*). This implies an average annual loss of 86,718 hectares for
temperate forests, 263,570 hectares for tropical forests, and 194,502
hectares for *matorral*, for a total average annual loss of 545,000
hectares, with a 50,000-hectare margin of error. This is based on the
most rigorous and comprehensive study to date and incorporates the most
trustworthy satellite images from earlier periods.

The main cause of this deforestation has been agricultural and livestock
expansion (which are linked to the colonization processes). Moreover,
the factors that drive these proximate causes, such as population
density, population growth, increased food demand, high agricultural
export prices, exchange rate devaluation, increased debt-servicing
ratios, and roundwood production, can also be considered underlying
causes. The consequences of deforestation include a general degradation
of the ecosystem, and, specifically, erosion, sedimentation of lakes,
reduction in the recharging of watersheds, flooding, reduced
biodiversity, and a reduction in the productive potential of the land.
Consequently, official sources have recognized the urgency to implement
different types of reforestation activities. Until recently, little
effort has been made to link deforestation, or stability in forest
cover, with community forest management. The vast majority of
community-managed forests are in the mountainous, coniferous zones,
which in recent decades have shown lower rates of deforestation,
although no cause-and-effect relationship has been established. In
addition, tropical land use change has been well below national rates in
two areas where community forestry has been prominent, southern Campeche
and central Quintana Roo.

As previously mentioned, mountain ranges dominant Mexico's topography.
These ranges have serious implications on forestry and forest-related
activities because most of Mexico's forests are located in these
mountainous areas. Unfortunately, difficult terrain and insufficient
access to rivers make the transport of timber and other materials
challenging and costly.

The forest sector's main problems can be generalized as follows:

a.  Poorly defined and enforced property rights, leading to short-term
    production decisions and an unfavorable investment climate;

b.  Inadequate administration of communal property (*ejido*) and local
    communities as units of commercial forest production;

c.  Over-exploitation of resources;

d.  Negative trade balance in forest products;

e.  Inefficient production and processing capacity, leading to an
    inability to compete in the global marketplace;

f.  Environmental degradation, which is closely linked to
    poverty-induced behavior; and

g.  Inadequate institutional and legal frameworks to promote sustainable
    production, resulting in high transaction costs and lack of
    consistency in regulations.

Almost all Mexico's timber production comes from native forests, as
commercial forestry plantations are a recent development and have not
yet entered into production. Reportedly, the majority of forestry
plantations will be ready for production in approximately 9 years. The
annual timber growth rate is estimated at 35.1 thousand M^3^ per year.
The average productivity in temperate forests is only 1.2 M^3^ per
hectare per year, and in tropical forests is 0.5 M^3^ per hectare per
year, due to poor forest management.

In general, Mexico is not using its forest resources in a sustainable
manner, despite some isolated efforts to the contrary. Nor does the
current system allow for a significant increase in production. The
sector continues to be affected by insufficient resources for
harvesting, inadequate basic infrastructure for distribution of raw
materials, and low productivity per hectare. Moreover, extraction and
transportation costs continue to be extremely high, approximately 50
percent of total cost, since the processing industry is not located
close to the harvested areas, and because of poor road infrastructure.

It should be noted, however, that in the last few years, forest
communities and "*ejidos*" (communal property) have shown interest in
certification of responsible forestry management for their forestry
operations. Certification represents an unusual effort to stimulate the
adoption of forest management policies through the marketplace by
encouraging consumers to choose timber products from well-managed
forests. Mexico\'s achievements in forest certification clearly show the
strength of the sector in global terms. According to available
information, only 3 percent of the 29.63 million hectares, which have
been certified worldwide, are considered \"communal,\" but within this
category, Mexico clearly dominates, with nearly half of the communities
and half of the certified community forests worldwide. The state of
Durango has taken the lead with a sector-wide stakeholders effort
resulting in 19 certified communities. According to the National Forest
Commission (CONAFOR), this interest is reflected in over 500,000
hectares of communal forests that have already been certified, and some
additional 100,000 hectares that are in the process of certification.
Currently, there are approximately 90 "*ejidos*" involved in the
evaluation/certification process.

Industry sources pointed out that despite this notable achievement,
Mexico\'s communities have little to show for their efforts in terms of
increased foreign or domestic markets. There have been only a few
sporadic sales of certified timber, with most certified communities
having sold no certified timber at all. Furthermore, as the big northern
timber companies and retailers move toward embracing certification, this
will once again leave small producers and communities with no particular
competitive edge in the marketplace.

Despite the fact that Mexico has the world's 11th largest total forest
area, forest production plays only a very minor role in the overall
Mexican economy. In the last few years, for example, the forestry
sector's contribution to the national GDP was approximately 1 percent, a
contribution so small that it limits the Mexican government's support to
the forestry sector. In addition, the GOM has very little historic
involvement in the forestry sector.

Mexico's main wood species, in terms of surface area and economic
importance, are the *pinus* and *quercus* varieties, which account for
approximately 80 percent and 5 percent respectively of total national
timber production. The following is a breakdown of 2004 forest product
(6.49 million m^3^) by major producing States and species, based on
SEMARNAT information:

![](media/image4.wmf)

![](media/image5.wmf)

# AREA AFFECTED BY FOREST FIRES

Although highly variable, during 1998-2004, the annual average area
affected by forest fires was 253,982 hectares. During the first eight
months of 2005, the number of forest fires was just one percent higher
than the annual average. Official sources pointed out that, in 2005,
unfavorable weather conditions during the first months of the year
contributed to the increase in the number of forest fires. These sources
also estimated that the final number of forest fires for 2005 would not
change substantially, as the 2005 rainy season was fairly normal.
Available CONAFOR data on area affected by forest fires as of August 11,
2005 is as follows:

# AREA AFFECTED BY FOREST FIRES

![](media/image6.wmf)

  ------------ ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
  **PERIOD**   **1998**              **1999**              **2000**              **2001**              

               FIRES      AFFECTED   FIRES      AFFECTED   FIRES      AFFECTED   FIRES      AFFECTED   
                          AREA                  AREA                  AREA                  AREA       

  JAN 1^ST^ -- 14,252     582,768    7,954      230,078    8,550      235,860    6,315      136,235    
  AUG 11, 2005                                                                                         

  COMPARISON   -56        -86        19         11.58      11.11      8.85       50.44      88.44      
  TO 2005 (%)                                                                                          

                                                                                                       

  **PERIOD**   **2002**              **2003**              **2004**              **2005**              

               FIRES      AFFECTED   FIRES      AFFECTED   FIRES      AFFECTED   FIRES                 AFFECTED
                          AREA                  AREA                  AREA                             AREA

  JAN 1^ST^ -- 8,153      198,180    8,117      315,363    6,204      79,393     9,500                 256,725
  AUG 11, 2005                                                                                         

  COMPARISON   16.52      29.54      17.04      -18.59     53.13      223.36     0                     0
  TO 2005 (%)                                                                                          
  ------------ ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------

SOURCE: FOREST FIRES MANAGEMENT OFFICE, CONAFOR

The breakdown of fires by type of area affected for the first eight
months of 2005 is the following: grazing land (224,106 ha) and forest
area (32,619 ha). Mexican states most affected by fire in 2005 were; the
states of Oaxaca, Jalisco, Chiapas, Zacatecas, Baja California,
Guerrero, Michocan, Nayarit, Durango and Puebla, which represent 77.6
percent of total affected area.

# STRATEGIC INDICATOR: FOREST AREA

It should be noted that the Strategic Indicator Table continues be based
on the Periodical National Forest Inventory of 1994, as the Secretariat
for the Environment and Natural Resources (SEMARNAT) did not publish the
National Inventory of 2000-2001. According to SEMARNAT officials, this
inventory was not published due to the use of inappropriate methodology
in accurately estimating the forest situation. Currently, however, the
National Forest Commission (CONAFOR), is managing the national forest
inventory (see MX1055). CONAFOR officials stated that the final version
of this inventory will not be available until 2009.

  ---------------------------- ------------------------ ------------------------ -------------------------
  **[STRATEGIC INDICATOR                                                         
  TABLE: FOREST                                                                  
  AREA]{.smallcaps}**                                                            

  [(million hectares/million                                                     
  m^3^)]{.smallcaps}                                                             

  [Country:                    [Previous]{.smallcaps}   [Current]{.smallcaps}    [Following]{.smallcaps}
  Mexico]{.smallcaps}                                                            

  [Report Year:                [Calendar Year           [Calendar Year           [Calendar Year
  2005]{.smallcaps}            (2004)]{.smallcaps}      (2005)]{.smallcaps}      (2006)]{.smallcaps}

  [Total Land                  [196.70]{.smallcaps}     [196.70]{.smallcaps}     [196.70]{.smallcaps}
  Area]{.smallcaps}                                                              

  [Total Forest                [141.17]{.smallcaps}     [141.17]{.smallcaps}     [141.17]{.smallcaps}
  Area]{.smallcaps}                                                              

  [‑‑of which,                 [21.60]{.smallcaps}      [21.60]{.smallcaps}      [21.60]{.smallcaps}
  Commercial]{.smallcaps}                                                        

  [‑‑‑‑of commercial, tropical [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  hardwood]{.smallcaps}                                                          

  [‑‑‑‑of commercial,          [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  temperate                                                                      
  hardwood]{.smallcaps}                                                          

  [‑‑‑‑of commercial,          [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  softwood]{.smallcaps}                                                          

  [‑‑of forest area,           [9.70]{.smallcaps}       [9.70]{.smallcaps}       [9.70]{.smallcaps}
  noncommercial]{.smallcaps}                                                     

  [Forest Type]{.smallcaps}    [30.2 1/]{.smallcaps}    [30.2 1/]{.smallcaps}    [30.4 1/]{.smallcaps}

  [‑‑Of which,                 [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  virgin]{.smallcaps}                                                            

  [‑‑Of which,                 [0.68]{.smallcaps}       [0.68]{.smallcaps}       [NA]{.smallcaps}
  plantation]{.smallcaps}                                                        

  [‑‑Of which, other           [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  commercial                                                                     
  (re-growth)]{.smallcaps}                                                       

  [Forest                                                                        
  Ownership]{.smallcaps}                                                         

  [‑‑Nationally owned and no   [9.00]{.smallcaps}       [9.00]{.smallcaps}       [NA]{.smallcaps}
  commercial                                                                     
  access]{.smallcaps}                                                            

  [‑‑Nationally owned,         [7.00]{.smallcaps}       [7.00]{.smallcaps}       [7.00]{.smallcaps}
  commercial logging                                                             
  permitted]{.smallcaps}                                                         

  [‑‑Other publicly owned      [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  land, no commercial                                                            
  access]{.smallcaps}                                                            

  [‑‑Other publicly owned,     [113.4 4/]{.smallcaps}   [113.4 4/]{.smallcaps}   [113.4 4/]{.smallcaps}
  logging                                                                        
  permitted]{.smallcaps}                                                         

  [‑‑privately owned           [NA 2/]{.smallcaps}      [NA 2/]{.smallcaps}      [NA 2/]{.smallcaps}
  commercial                                                                     
  forest]{.smallcaps}                                                            

  [Total Volume of Standing    [2,803.49]{.smallcaps}   [2,803.49]{.smallcaps}   [2,803.49]{.smallcaps}
  Timber]{.smallcaps}                                                            

  [‑‑Of which, Commercial      [NA]{.smallcaps}         [NA]{.smallcaps}         [NA]{.smallcaps}
  Timber]{.smallcaps}                                                            

  [Annual Timber               [7.5 3/]{.smallcaps}     [7.5 3/]{.smallcaps}     [7.5 3/]{.smallcaps}
  Removal]{.smallcaps}                                                           

  [Annual Timber Growth        [35.10]{.smallcaps}      [35.10]{.smallcaps}      [35.10]{.smallcaps}
  Rate]{.smallcaps}                                                              

  [Annual Allowable            [8.20]{.smallcaps}       [8.30e/]{.smallcaps}     [NA]{.smallcaps}
  Cut]{.smallcaps}                                                               
  ---------------------------- ------------------------ ------------------------ -------------------------

+-----------------------------------------------------------------------+
| **[1/ Corresponds to temperate‑cold climate forest, of which 68       |
| percent are softwoods and 32 percent are hardwoods]{.smallcaps}**     |
|                                                                       |
| **[2/ 21.2 million hectares are privately owned but there is no       |
| specified commercial area]{.smallcaps}**                              |
|                                                                       |
| **[3/ Annual Average]{.smallcaps}**                                   |
|                                                                       |
| **[4/ Corresponds to communal property ("ejidos") but there is not    |
| specified commercial area]{.smallcaps}**                              |
|                                                                       |
| **[Source: The Secretariat for the Environment and Natural Resources  |
| (SEMARNAT) BASED on The National Forest Inventory,                    |
| 1994.]{.smallcaps}**                                                  |
|                                                                       |
| **[E/ Estimated]{.smallcaps}**                                        |
+-----------------------------------------------------------------------+

# PROGRAMS

CONAFOR continues to coordinate the main government forestry programs
such as:

-   The National Forest Development Program (PRODEFOR);

-   The National Program for the Promotion of Forest Plantations
    (PRODEPLAN);

-   The Communal Forestry Development Program (PROCYMAF II); and

-   The Forestry Ecosystems Restoration and Conservation Program
    (PROCOREF).

CONAFOR also funds and coordinates activities to fight forest fires. The
following is a summary of the main results of these programs during the
period 2001-2005.

**PRODEFOR** is a program oriented toward the development of common
lands and their communities (ejidos). This program focuses on promoting
responsible and sustainable forest management, the conservation of
natural resources, as well as increasing the productive capacity of
forest ecosystems by promoting technological modernization in the
forestry sector.

PRODEFOR RESULTS 2001-2005

+-------------------+------+-----+-----+----+------+----+----+-----+
| DESCRIPTION       | **RE |     |     |    | **GO | *  |    |     |
|                   | ALIZ |     |     |    | AL** | *J |    |     |
|                   | ED** |     |     |    |      | AN |    |     |
|                   |      |     |     |    |      | -J |    |     |
|                   |      |     |     |    |      | UN |    |     |
|                   |      |     |     |    |      | ** |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
|                   | **20 | **  | **  | ** | **20 | ** | ** | **  |
|                   | 01** | 200 | 200 | 20 | 05** | 20 | 20 | Ann |
|                   |      | 2** | 3** | 04 |      | 04 | 05 | ual |
|                   |      |     |     | ** |      | ** | ** | Ch  |
|                   |      |     |     |    |      |    |    | ang |
|                   |      |     |     |    |      |    |    | e** |
|                   |      |     |     |    |      |    |    |     |
|                   |      |     |     |    |      |    |    | **  |
|                   |      |     |     |    |      |    |    | %** |
+-------------------+------+-----+-----+----+------+----+----+-----+
| Million pesos ^^ | 2    | 34  | 31  | 3  | 3    | 9  | 9  | -   |
|                   | 34.9 | 2.3 | 2.8 | 57 | 40.4 | 4. | 4. | 0.8 |
|                   |      |     |     | .7 |      | 97 | 18 |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
| Hectares          | 2.73 | 1   | 1   | 2. | 1.30 | 0  | 0  | -7  |
| supported for     |      | .60 | .28 | 40 |      | .8 | .2 | 5.7 |
| integration to    |      |     | ^^ |    |      | 79 | 14 |     |
| technical         |      |     |     |    |      |    |    |     |
| management        |      |     |     |    |      |    |    |     |
| (Million          |      |     |     |    |      |    |    |     |
| hectares)         |      |     |     |    |      |    |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
| Production        |      |     |     |    |      |    |    |     |
| forecast ^^      |      |     |     |    |      |    |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
| Round Wood        | 1.8  | 1.7 | 1.9 | 2. | 1.5  | 0  | 0  | 7   |
| (Million M3)      |      |     |     | 05 |      | .4 | .8 | 7.1 |
|                   |      |     |     |    |      | 85 | 59 |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
| \# Producers      | 5    | 2,  | 5,  | 4  | 3    | 1  | 5  | -6  |
| benefited         | ,649 | 452 | 477 | ,3 | ,974 | ,8 | 53 | 9.3 |
|                   |      |     |     | 82 |      | 00 |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
|  Federal         |      |     |     |    |      |    |    |     |
| resources.        |      |     |     |    |      |    |    |     |
|                   |      |     |     |    |      |    |    |     |
|  Indicates the   |      |     |     |    |      |    |    |     |
| Round wood        |      |     |     |    |      |    |    |     |
| production        |      |     |     |    |      |    |    |     |
| forecast based on |      |     |     |    |      |    |    |     |
| the Program       |      |     |     |    |      |    |    |     |
| supports for the  |      |     |     |    |      |    |    |     |
| referred year.    |      |     |     |    |      |    |    |     |
|                   |      |     |     |    |      |    |    |     |
|  The result was  |      |     |     |    |      |    |    |     |
| modified due to   |      |     |     |    |      |    |    |     |
| adjustments to    |      |     |     |    |      |    |    |     |
| the final         |      |     |     |    |      |    |    |     |
| beneficiaries.    |      |     |     |    |      |    |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+
| SOURCE:           |      |     |     |    |      |    |    |     |
| Secretariat of    |      |     |     |    |      |    |    |     |
| Environment and   |      |     |     |    |      |    |    |     |
| Natural           |      |     |     |    |      |    |    |     |
| Resources.        |      |     |     |    |      |    |    |     |
+-------------------+------+-----+-----+----+------+----+----+-----+

**PRODEPLAN**, the Forestry Plantations Support Program, works to
stimulate private sector investment in forestry plantations by
developing joint ventures with land owners, rather than merely
establishing harvest contracts on ejido lands. Under this program, the
maximum subsidy may not exceed 65 percent of the first seven years'
investment costs. According to industry sources this program is mainly
directed towards producing pulpwood for the paper and cellulose
industries.

**PRODEPLAN RESULTS 2001-2005**

+----------------------------+------+---------+-------+------+-------+
| **DESCRIPTION**            | **RE |         |       |      | **G   |
|                            | ALIZ |         |       |      | OAL** |
|                            | ED** |         |       |      |       |
+----------------------------+------+---------+-------+------+-------+
|                            | **20 | *       | **2   | **20 | **2   |
|                            | 01** | *2002** | 003** | 04** | 005** |
+----------------------------+------+---------+-------+------+-------+
| Million pesos              | 2    | 648.1   | 438.1 | 4    | 295.7 |
|                            | 85.9 |         |       | 25.3 |       |
+----------------------------+------+---------+-------+------+-------+
| Supported Area (Has.)      | 39   | 96,748  | 6     | 66   | 4     |
|                            | ,725 |         | 8,461 | ,213 | 6,000 |
+----------------------------+------+---------+-------+------+-------+
| Forecast production ^^    |      |         |       |      |       |
+----------------------------+------+---------+-------+------+-------+
| Round Wood (Million M3)    | 8.2  | 19.9    | 14.1  | 15.3 | 9.6   |
+----------------------------+------+---------+-------+------+-------+
| Producers beneficiaries    | 1    | 10,171  | 6,873 | 4    | 3,500 |
|                            | ,409 |         |       | ,030 |       |
+----------------------------+------+---------+-------+------+-------+
|  The harvest stage        |      |         |       |      |       |
| requires a development     |      |         |       |      |       |
| period between 7 and 25    |      |         |       |      |       |
| years depending on the     |      |         |       |      |       |
| forestry species planted,  |      |         |       |      |       |
| the environment and        |      |         |       |      |       |
| productive objective.      |      |         |       |      |       |
|                            |      |         |       |      |       |
| SOURCE: Secretariat of     |      |         |       |      |       |
| Environment and Natural    |      |         |       |      |       |
| Resources                  |      |         |       |      |       |
+----------------------------+------+---------+-------+------+-------+

**PROCYMAF II**'s main objective is to provide training activities and
to promote sustainable management of forest resources in the states of
Durango, Guerrero, Jalisco, Michoacan, Oaxaca, and Quintana Roo.
According to CONAFOR the authorized budget for 2005 was 35.7 million
pesos (roughly U.S. \$3.3 million). This funding is to be used to
encourage community forestry development in 300 communities through the
establishment of 50 community forest companies. This program will impact
over 200,000 people involved in commercial forestry. This program has
the support of the World Bank.

On May 7, 2004 CONAFOR established the **PROCOREF** program, which
integrates reforestation, soil restoration, conservation, and forest
health activities. In 2005 the federal budget of this program reached
235.5 million pesos (approximately U.S.\$ 22.2 million), an increase of
4.7 percent in real terms, compared to the budget a year earlier. From
this total, 68.1 percent was allocated for reforestation activities,
23.4 percent for soil restoration and conservation activities, and 8.5
percent for phyto-sanitary actions. Reforestation continues to be an
important issue for the GOM (previously the program was called PRONARE,
see MX4120). Approximately 160.2 million pesos (roughly U.S. \$15.1
million) were allocated to this reforestation program in 2005. The main
results of this program for 2001-2005 are as follow:

**REFORESTATION RESULTS 2001-2005**

<table style="width:100%;">
<colgroup>
<col style="width: 27%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 7%" />
<col style="width: 9%" />
<col style="width: 11%" />
</colgroup>
<tbody>
<tr class="odd">
<td rowspan="3">DESCRIPTION</td>
<td colspan="6"><strong>ANNUAL DATA</strong></td>
<td colspan="3"><strong>JAN-JUL</strong></td>
</tr>
<tr class="even">
<td colspan="5"><strong>REALIZED</strong></td>
<td><strong>GOAL</strong></td>
<td rowspan="2"><strong>2004</strong></td>
<td rowspan="2"><strong>2005 </strong></td>
<td rowspan="2"><p><strong>Annual Change</strong></p>
<p><strong>%</strong></p></td>
</tr>
<tr class="odd">
<td><strong>2000</strong></td>
<td><strong>2001</strong></td>
<td><strong>2002</strong></td>
<td><strong>2003</strong></td>
<td><strong>2004</strong></td>
<td><strong>2005</strong></td>
</tr>
<tr class="even">
<td>Planted trees (Millions)</td>
<td>297</td>
<td>217</td>
<td>258</td>
<td>210</td>
<td>202</td>
<td>200</td>
<td>22.0</td>
<td>10.19</td>
<td>-53.7</td>
</tr>
<tr class="odd">
<td>Reforested area (1000 hectares)</td>
<td>240</td>
<td>165</td>
<td>225</td>
<td>187</td>
<td>196</td>
<td>170</td>
<td>19.1</td>
<td>9.05</td>
<td>-52.6</td>
</tr>
<tr class="even">
<td>Plant survival Index (%) </td>
<td>20.0</td>
<td>40.0</td>
<td>49.0</td>
<td>43.9</td>
<td>50.0</td>
<td>50.0</td>
<td>-</td>
<td>-</td>
<td>-</td>
</tr>
<tr class="odd">
<td colspan="10"><p> The 2004 reforestation assessment is carried out
during 2005. The 50 percent figure registered in 2004 and 2005
represents the established goal.</p>
<p> Preliminary figures.</p>
<p>SOURCE: Secretary of Environment and Natural Resources.</p></td>
</tr>
</tbody>
</table>

The forest industry is heavily concentrated in the three states of
Durango, Chihuahua, and Michoacán, which constitute 63% of all
industrial installations. Mexican timber production and the forest
industry are not considered to be internationally competitive because,
according to the World Bank, \"production costs (including transport)
are high, community-managed forests are inefficient, few forests are
actively managed, and lack of infrastructure makes most of the timber
inaccessible\" (World Bank 1995). Although the World Bank lays part of
the responsibility for underperformance of the Mexican forest sector on
community forests, there are some other factors that mitigate this
presumed underperformance, some aspects of which may become a source of
competitive strength in the marketplace.

# PHYTOSANITARY ISSUES

In general, U.S. wood product exports are not facing major trade
barriers in Mexico. On September 15, 2005, the Mexican Secretariat of
the Environment and Natural Resources (SEMARNAT) published in the Diario
Oficial (Mexico\'s \"Federal Register\") that the Mexican regulation
developed to comply with ISPM 15 will be implemented partially starting
September 16, 2005. During this initial stage of the implementation,
Mexican officials will carry out random ocular inspections to verify
that Wood Packaging Material (WPM) complies with the International
Standard for Phytosanitary Measures No. 15 (ISPM-15). Likewise, starting
September 16^th^, Mexican inspectors will carry out the ocular
inspection procedure established under section No. 5 and section No. 6.6
of NOM 144 (See MX 5502 and MX5501). The regulations of NOM-144 are
meant to enforce the ISPM-15 established by the International Plant
Protection Convention (IPPC), of which Mexico is a contracting party
along with 133 other countries.

Sections No. 5 and No. 6.6 refer to the guidelines for ocular
inspection.

-   Sections No. 5, 5.1 and 5.2 refer to the ocular inspection. In these
    sections it is stated that officials have to carry on a random and
    free of charge visual check to verify that the WPM is marked in
    accordance with NOM 144 / ISPM 15. If WPM presents the authorized
    mark and if there is no evidence of infestation then the officials
    will allow the shipment to continue into Mexico.

-   Sections 6.6, 6.6.1 and 6.6.2 refer to the ocular inspection and to
    the mechanism by which a shipment is selected for inspection.
    Officials will determine which shipments are subject to ocular
    inspection based on customs automated selection mechanism (red light
    -- green light). Based on the red light -- green light system, the
    official will then make a random selection from shipments that got a
    red light. The official has to verify that the WPM presents the mark
    in accordance with NOM 144. For merchandise transported in
    containers, officials should look for the mark on WPM that is
    readily visible at the moment the container is opened. If the
    official does not detect the mark on the visible WPM then he will
    request that the merchandise be unloaded in order to look for the
    mark on the remaining WPM.

Continuing with the implementation of NOM 144, on February 1, 2006 the
GOM will implement the stage in which NOM 144 requires that prior to
entry into Mexico WPM arriving at Mexican entry points without the
approved treatment identity mark must:

A.  Apply one of the authorized phytosanitary treatments to the
    packaging material and apply the certification mark; or

B.  Substitute with packaging material that complies with the current
    regulation or use non-wood packaging material and return all
    non-compliant materials to the exporting country. In this case a
    PROFEPA official must be present to verify that approved procedures
    are followed.

The aforementioned measures are stated on sections 5.3 and 6.6.3 of NOM
144.

It should be noted that according to SEMARNAT sources, NOM 144 will be
modified and the task force responsible for initiating the corresponding
revisions and amendment process will convene at the end of January 2006.
Proposed modifications must be revised by the Federal Commission for the
Improvement of Regulations (COFEMER), which would likely occur in March
2006. Changes approved by COFEMER would be published for public
consultation and comments some time in June 2006. Official sources
estimated that reformed NOM 144 could be ready by October 2006.
According to SEMARNAT, NOM 144 could be modified in order to by-pass
Mexican customs responsibility in the inspection process.

On June 2, 2005, The Secretariat of Economy (SE) announced in Mexico's
"*Diario Oficial"* ("Federal Register") the conclusion of the official
global safeguard investigation against all plywood imports under the
following tariff classifications; 4412.13.01, 4412.13.99, 4412.1499,
4412.19.01, 4412.19.99, 4412.22.01, 4412.23.99, 4412.29.99, 4412.92.01,
4412.93.99, and 4412.99.99. The official announcement states that
Mexico's National Association of Plywood Producers (ANAFATA) decided to
withdraw its petition for a safeguard investigation (see MX2115). It
should be noted that on August 15, 2002, the GOM announced the
initiation of a global safeguard investigation against all plywood
imports (see MX2115) in response to a petition filed by ANAFATA (See
MX5051).

As a result of this safeguard conclusion, ANAFATA continued to lobby the
ministries of Finance and Economy to establish some measures that could
protect the domestic plywood industry temporarily against foreign
competition. In the end, ANAFATA obtained an increase of approximately
12.7 percent on the import tariffs on plywood from countries where
Mexico does not have free trade agreements. Thus, U.S. plywood imports
are not adversely affected by this measure. ANAFATA sources stated that
imports of tropical plywood from Indonesia, Malaysia, Brazil, among
others, would be primarily affected. The SE announced this increase of
import tariffs in Mexico's Federal Register on September 7, 2005. The
following shows the tariff codes and offers a description of the
products affected by the new import duties.

+---------+--------------------------------------------+----+--------+
| **HTS** | **Description**                            | ** | **Ad   |
|         |                                            | Un | Val    |
|         |                                            | it | orem** |
|         |                                            | ** |        |
|         |                                            |    | **Im   |
|         |                                            |    | port** |
|         |                                            |    |        |
|         |                                            |    | *      |
|         |                                            |    | *(%)** |
+---------+--------------------------------------------+----+--------+
| 441     | With at least one outer ply of the         | Kg | 32.7   |
| 2.13.01 | following tropical woods: Dark Red         |    |        |
|         | Meranti, Light Red Meranti, White Lauan,   |    |        |
|         | Sipo, Limba, Okume, Obeche, Acajou         |    |        |
|         | d\'Afrique, Sapelli, Mahogany, Standing    |    |        |
|         | Palisander), River Palisander and Rose     |    |        |
|         | Palisander                                 |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other                                      | Kg | 27.7   |
| 2.13.99 |                                            |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other, with at least one outer ply of      | Kg | 27.7   |
| 2.14.99 | non-coniferous wood.                       |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Of coniferous wood, denominated plywood    | Kg | 27.7   |
| 2.19.01 |                                            |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other                                      | Kg | 32.7   |
| 2.19.99 |                                            |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | With at least one ply of tropical wood     | Kg | 32.7   |
| 2.22.01 | specified in subheading note 1 to this     |    |        |
|         | chapter.                                   |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other, containing at least one layer of    | Kg | 27.7   |
| 2.23.99 | particleboard.                             |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other                                      | Kg | 32.7   |
| 2.29.99 |                                            |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | With at least one ply of tropical wood     | Kg | 32.7   |
| 2.92.01 | specified in subheading note 1 to this     |    |        |
|         | chapter.                                   |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other, containing at least one layer of    | Kg | 27.7   |
| 2.93.99 | particleboard.                             |    |        |
+---------+--------------------------------------------+----+--------+
| 441     | Other                                      | Kg | 32.7   |
| 2.99.99 |                                            |    |        |
+---------+--------------------------------------------+----+--------+

Also, the announcement states that these import duties will be valid
until August 15, 2006. For the following three years import tariffs for
these products will be as follow:

+----------------+----------------+----------------+-----------------+
| *              |                |                |                 |
| *Period/Import |                |                |                 |
| Tariff         |                |                |                 |
| Ad-Valorem**   |                |                |                 |
+----------------+----------------+----------------+-----------------+
| HTS            | August 16,     | August 16,     | Starting August |
|                | 2006 to        | 2007 to        | 16, 2008        |
|                |                |                |                 |
|                | August 15,     | August 15,     |                 |
|                | 2007           | 2008           |                 |
+----------------+----------------+----------------+-----------------+
| 4412.13.04     | 28.5           | 24.2           | 20.0            |
|                |                |                |                 |
| 4412.19.99     |                |                |                 |
|                |                |                |                 |
| 4412.22.01     |                |                |                 |
|                |                |                |                 |
| 4412.29.99     |                |                |                 |
|                |                |                |                 |
| 4412.92.01     |                |                |                 |
|                |                |                |                 |
| 4412.99.99     |                |                |                 |
+----------------+----------------+----------------+-----------------+
| 4412.13.99     | 23.5           | 19.2           | 15.0            |
|                |                |                |                 |
| 4412.14.99     |                |                |                 |
|                |                |                |                 |
| 4412.19.01     |                |                |                 |
|                |                |                |                 |
| 4412.23.99     |                |                |                 |
|                |                |                |                 |
| 4412.93.99     |                |                |                 |
+----------------+----------------+----------------+-----------------+

Lastly, the announcement states that in order to maintain the
competitiveness of domestic furniture manufacturers and wood products
factories, these industries will have preferential import tariffs
between 5 and 10 percent for their plywood imports, during the three
years that this measure will be in place.

# SOLID WOOD PRODUCTS OVERVIEW

The forest industry continues to be heavily concentrated in the states
of Durango, Chihuahua, and Michoacan, which have more than 60 percent of
all industrial installations. The Mexican timber production and the
forest industry are not considered to be internationally competitive
because production costs (including transport) are high,
community-managed forests are inefficient, few forests are actively
managed, and a lack of infrastructure makes most of the timber
inaccessible. Moreover, price distortions in round wood play a
fundamental role in determining wood use in Mexico. Prices for standing
stump wood and delivered prices generally conform to market demands,
particularly in the higher grades and species. Industry sources have
insisted that the domestic price of round wood continues to be a main
bottleneck for the domestic forest industry. Some domestic companies
pointed out, for example, that the current cost of domestic round wood
is between U.S.\$ 100-110 per cubic meter, while in countries such Chile
and Canada it is between 30 and 40 percent lower. In addition, there are
a litany of other problems that the forest industry is facing, such as:

-   Lack of information on specific properties of forest species and on
    market demand for the most appropriate end uses for those forest
    species; this has led to inefficient use of forest species.

-   Fragmented forests and lack of large-scale supply areas.

-   Distance from mills, low mechanization level in forestry operations,
    and inadequate road infrastructure. All these factors have
    contributed to the high extraction and transportation costs already
    mentioned.

-   Limited vertical and horizontal integration of the industry, which
    results in inefficiencies at every point in the production and
    supply chain.

-   High financing costs, which have limited investments in modern
    technology.

Despite these problems, preliminary official data of round wood
production for 2004 indicates that it has increased to 7.8 million m^3^
in 2004, and that this trend is expected to continue in 2005, when the
round wood production could reach 8.2 million m^3^. The main argument
behind this increase is the higher production of pulpwood for the paper
and cellulose industries as a result of higher international prices (see
following chart):

![](media/image8.wmf)

Source: SEMARNAT

It should be stressed, however, that many private and even official
sources have noted that the SEMARNAT data are probably overestimated.
Private industry estimates calculate that round wood production reached
7.3 m^3^ million in 2004 and will remain unchanged in 2005.

# INTERNATIONAL TRADING ENVIRONMENT

As a result of all the problems mentioned there is a lack of
competitiveness in the Mexican forest industry resulting in the
substitution of domestic wood products through import. In addition, the
positive outlook for the Mexican economy has driven the expectation that
over the long term Mexico will remain a substantial importer of forest
products. Much of the apparent optimism for the Mexican economy is based
on strengthening in domestic sectors such as construction, furniture,
in-bond companies ("maquiladoras"), and tourism. However, competition
from several other countries continues to threaten growth in the Mexican
market.

According to industry sources one of the most aggressive competitors in
the Mexican markets continues to be Chile, which through diverse
strategies such as strong pricing schemes, participation in major trade
shows targeting the construction and furniture industries, and recently
through franchises for distribution centers, has been gaining market
share. According to some industry sources, Chilean groups such as Arauco
and Masisa have established these franchises, which are modifying the
wood products commercialization scheme in Mexico by reducing the number
of middlemen. Based on official trade data, while U.S. exports of
softwood plywood decreased 12.9 percent to U.S.\$ 24.2 million in 2004,
market share of Chilean suppliers has been steadily increasing, with
imports of softwood plywood up 17.21 percent to U.S. \$36.3 million in
2004 from U.S. \$30.9 million in 2003. Moreover, Chilean softwood lumber
is also competing with U.S. hardwoods in some instances. For certain
applications, such as pallets or lower-quality furniture, softwoods are
being used as a substitute for hardwoods. Furthermore, highly price
sensitive importers are increasing their use of hardwoods from South
America. Some companies interviewed perceive Brazil and Peruvian
hardwoods to be superior to U.S. hardwoods in terms of quality and
price. Several industry sources stated the U.S. is "falling behind"
third-country suppliers due to a perceived lack of flexibility and
sensitivity to the particular needs of Mexican buyers. Consequently,
U.S. suppliers and distributors need to be more receptive to their
Mexican clients and rely less on their advantage of geographic proximity
in the face of aggressive third-country competition.

# MARKET DEVELOPMENT STRATEGIES

The challenge for U.S. exporters to Mexico continues to be maintaining
and /or competing with third countries for an increased share of the
Mexican wood products market. As already mentioned, in recent years, the
Mexican market has witnessed an influx of softwood hardwoods from South
America and Asia. Moreover, due to continued strengthening of the
Mexican economy it is reasonable to forecast moderate growth in Mexico's
consumption of U.S. hardwoods and softwood in both the maquila (in bond
companies), furniture, and construction sectors over the next several
years. The housing market, for example, represents one of the most
dynamic sectors in Mexico. During 2004, and the first seven months of
2005, the housing industry registered growth in practically all
segments, but primarily in what are know in Mexico as the "social" and
"economic" sectors, which are the low-cost housing sectors (between
82,000 and 220,000 pesos range price or roughly U.S. \$8,000 and
21,000). Housing business has a key place in the overall economy due to
its linkage with the construction industry, which contributed
approximately 5 percent of the GDP in 2004. Moreover, the construction
industry is related to a large number of sectors in its production
chain, so its expansion generates a multiplier effect on the economy as
a whole.

Despite the fact that wood products are generally not used in the
construction of homes, except in the formation of concrete, and finish
work, such as molding and parquet flooring, U.S. hardwoods have
established a niche in the interiors market segment, particularly in
roofs and sub-flooring. In addition, the GOM has continued with its
effort to address the forest management and the national housing deficit
(see MX4120). CONAFOR, along with the National Commission of Housing
Promotion (CONAFOVI) are looking to create greater demand for wood as a
raw material by promoting it as a construction material in low-cost
housing projects. As result, the CONAFOR organized the First Contest of
Wooden Housing Construction in Mexico. The contest was oriented to
building and developer firms, university faculties of engineers and
architects, design firms, etc. A total of 27 low-cost housing projects
were received for this contest, which closed on August 31, 2005. The
ceremony to deliver the award for the best project will on November 25,
2005. The first contest was oriented to the segment called emergency and
rural housing (i.e. small houses with a construction area of
approximately 22 m^2^ and it is the type of housing that the GOM
provides in case of natural disasters such as hurricanes). The American
Forest & Paper Association (AF&PA) has been collaborating actively with
both agencies to carry out these initiatives. AF&PA has stated that this
contest is an excellent opportunity to work in coordination with public
and private organizations of the housing sector to promote wood as a
construction material in Mexico. Wood is a viable construction material
in Mexico because it is highly competitive in terms of time, cost,
comfort and, above all, sustainability. Moreover, CONAFOR has confirmed
that it will organize the second contest next year, which is oriented to
"Social Housing" (the main characteristics of this housing is a
construction area of approximately 45 m^2^, with kitchen, dining room,
one or two bedrooms, and one bathroom). Reportedly there is a commitment
by the main governmental building developers agencies (INFONAVIT and
FONHAPO) to contract with several of the winning entries from the second
contest as pilot projects.

Industry sources state that despite the fact there are a number of
long-term challenges in obtaining widespread acceptance for wood frame
construction in Mexico, there has already been a noticeable change in
consumer preferences. In order to take advantage of this opportunity,
AF&PA and softwood cooperators will continue working with Mexican
governmental agencies. They recognize, however, that this will be a
long-term market development effort.

Regarding the furniture and maquila sectors, industry sources stated
that most manufactured Red Oak products destined for export to the U.S.
will see constant or increased growth over the next few years. Unlike in
the U.S., there does not appear to be significant market potential for
Red Oak products in Mexico due to Mexican consumers' preference for
lower-cost materials. In the last three years approximately 60 percent
of all imported hardwood products in Mexico were destined for the
maquiladora sector. By far the majority of products manufactured by
hardwood maquilas are furniture-related. These manufacturers focus their
production primarily on home furniture.

In order to maintain market share in Mexico and compete internationally,
there are a wide-variety of activities and services that U.S.
Cooperators can employ in order to help develop a general interest in
U.S. hardwood and softwood products in Mexico. The following are some
examples:

-   Support GOM pilot housing projects;

-   Conduct mini road show seminars in Mexican cities which have shown
    interest in wood housing;

-   Offer wood housing workshops at key conferences and trade shows;

-   Sponsor U.S. training missions for Mexican builders, developers, and
    GOM agencies involved in wood housing;

-   Work with Mexican banking authorities to determine the current
    policies towards financing wood housing and provide information as
    needed;

-   Increase Mexican consumers' awareness of the advantages of the
    physical and mechanical properties of U.S. hardwood and softwood
    products through promotional and educational efforts;

-   Supply technical information, organize seminars, and carrying out
    site visits to smaller Mexican facilities to discuss ways in which
    their competitiveness may be improved through the use of wood
    materials;

-   Consider compiling a credit profile of key Mexican importers for
    distribution to U.S. exporters. A list of importers along with a
    brief credit history may be supplied in advance to U.S. exporters,
    or the U.S. cooperators could act as an in-country source of credit
    information on an ongoing, need-to-know basis. Such information
    would be very helpful for U.S. exporters who are considering
    extending credit to Mexican buyers, and would ultimately help foster
    more reliable purchasing and a reduction in cases of non-payment;

-   Visits from Mexican buyers to U.S. softwood and hardwood mills are a
    time-tested means of demonstrating the quality and efficiency of
    U.S. production facilities, bridging knowledge gaps, and helping to
    nurture personal business ties;

-   In addition to efforts within professional circles, promotional work
    should be targeted at wood consumers who may purchase U.S. hardwoods
    at the retail level, or request that builders, architects, and
    interior designers include U.S. hardwoods in their home building /
    renovation plans. Such advertising should help drive hardwood
    consumption in Mexico and translate into higher imports. Again, the
    U.S. "brand" should continue to be emphasized.

# SOFTWOOD LOGS PS&D

+---------------------+------+-------+------+-------+------+-------+
| **PSD TABLE**       |      |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| Country             | **   |       |      |       |      |       |
|                     | Mexi |       |      |       |      |       |
|                     | co** |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| **Commodity**       | **   |       |      | 1000  |      |       |
|                     | Soft |       |      | CUBIC |      |       |
|                     | wood |       |      | M     |      |       |
|                     | Lo   |       |      | ETERS |      |       |
|                     | gs** |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
|                     | **   |       | **   |       | **   |       |
|                     | 2004 |       | 2005 |       | 2006 |       |
|                     | R    |       | Es   |       | Fo   |       |
|                     | evis |       | tima |       | reca |       |
|                     | ed** |       | te** |       | st** |       |
+---------------------+------+-------+------+-------+------+-------+
|                     | USDA | Post  | USDA | Post  | USDA | Post  |
|                     | Offi | Est   | Offi | Est   | Offi | Est   |
|                     | cial | imate | cial | imate | cial | imate |
|                     | \[O  | \[    | \[O  |       | \[O  |       |
|                     | ld\] | New\] | ld\] | \[    | ld\] | \[    |
|                     |      |       |      | New\] |      | New\] |
+---------------------+------+-------+------+-------+------+-------+
| **Market Year       | **0  |       | **0  |       | **0  |       |
| Begin**             | 1/20 |       | 1/20 |       | 1/20 |       |
|                     | 04** |       | 05** |       | 06** |       |
+---------------------+------+-------+------+-------+------+-------+
| Production          | 5    | 6,491 | 0    | 6,755 | 0    | 6,940 |
|                     | ,342 |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| Imports             | 5    | 13    | 0    | 16    | 0    | 17    |
+---------------------+------+-------+------+-------+------+-------+
| **TOTAL SUPPLY**    | *    | **6,  | *    | **6,  | *    | **6,  |
|                     | *5,3 | 504** | *0** | 771** | *0** | 957** |
|                     | 47** |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| Exports             | 1    | 2     | 0    | 4     | 0    | 5     |
+---------------------+------+-------+------+-------+------+-------+
| Domestic            | 5    | 6,502 | 0    | 6,767 | 0    | 6,952 |
| Consumption         | ,346 |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| **TOTAL             | *    | **6,  | *    | **6,  | *    | **6,  |
| DISTRIBUTION**      | *5,3 | 504** | *0** | 771** | *0** | 957** |
|                     | 47** |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+

# TRADE MATRIX SOFTWOOD LOGS

NOTE: Despite the fact that SE's official data shows a considerable
increase in MY 2004 in softwood logs imports, FAS/Mexico's estimates
have been revised based on U.S. Census data. It should be noted that no
private or other government sources, including SEMARNAT, concurred with
the SE's figures. Imports of softwood logs should increase slightly in
MY 2006, as is reflected in our PS&D

  -------------------- -------------- --------- ------------ ---------------
  SOFTWOOD LOGS H.S.                            **UNITS:     
  4403.20                                       CUBIC        
                                                METERS**     

  EXPORTS FOR 2004 TO:                IMPORTS                
                                      FOR 2004               
                                      FROM:                  

  U.S.                 1,800          U.S.                   61,554

  OTHER                               OTHER                  

  JAPAN                104            BELIZE                 0

  TOTAL OF OTHER       104            TOTAL OF               0
                                      OTHER                  

  OTHERS NOT LISTED    0              OTHERS                 0
                                      NOT                    
                                      LISTED                 

  GRAND TOTAL          1,904          GRAND                  61,554
                                      TOTAL                  
  -------------------- -------------- --------- ------------ ---------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- -------------- --------- ---------- ---------------
  SOFTWOOD LOGS H.S.                            **UNITS:   
  4403.20                                       CUBIC      
                                                METERS**   

  EXPORTS FOR 2005 TO:                IMPORTS              
                                      FOR 2005             
                                      FROM:                

  U.S.                 1,958          U.S.                 11,709

  OTHER                               OTHER                

  JAPAN                72             BRAZIL               25

  TOTAL OF OTHER       0              TOTAL OF             25
                                      OTHER                

  OTHERS NOT LISTED    0              OTHERS               0
                                      NOT                  
                                      LISTED               

  GRAND TOTAL          2,030          GRAND                11,734
                                      TOTAL                
  -------------------- -------------- --------- ---------- ---------------

**SOURCE: World Trade Atlas. Mexico Edition. June, 2005.**

**\* As of June, 2005.**

## PRODUCTION -- SOFTWOOD LOGS

Total MY 2006 softwood production is forecast to increase to
approximately 6.9 million M^3^, or 3 percent higher than in MY 2005.
Production also grew in MY 2004 and 2005 because the Mexican economy
continues to grow. As the economic panorama continues to improve along
with the construction and furniture industries, forest product
consumption will increase in MY 2006. Traditionally these sectors
consume the largest percentage of forest products production. The
quality of available timber has declined in recent years. Private sector
sources indicated overcutting continues to be very common due to
inadequate infrastructure and a lack of necessary funding to manage and
protect forests. Total illegal cutting has been estimated at 13 million
m^3^ per year, however no one knows exactly the magnitude of this
illegal overcutting. Moreover, individual use of roundwood as firewood,
most of which is not recorded by official statistics, has continued at
significant levels in the countryside.

## CONSUMPTION -- SOFTWOOD LOGS

The MY 2004 and 2005 consumption estimates have been revised upwards to
reflect the comeback of the construction sector along with the strong
demand for furniture. For MY 2006 it is expected that consumption will
increase by approximately 3 percent, as this positive trend of the
construction and furniture sectors continues.

The demand for softwood logs continues to come from the sawmill industry
(75.4 percent), the paper industry (14.3 percent), and firewood
consumption (8.6 percent). The rest reflects demand from railroad,
telephone, and the electricity industries. These figures represent
SEMARNAT data.

## TRADE -- SOFTWOOD LOGS

Imports are forecast to increase to approximately 17,000 M^3^ because
the Mexican economy is expected to continue growing in MY 2006. Import
and export estimates for MY 2004 and 2005 (preliminary data for this
year) have been revised upward based mostly on U.S. Census data. There
is a big difference from official Mexican data and U.S. Census data.

# TEMPERATE HARDWOOD LOGS PS&D

+---------------------+------+-------+------+---+---+------+-------+
| **PSD TABLE**       |      |       |      |   |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| **Country**         | **   |       |      |   |   |      |       |
|                     | Mexi |       |      |   |   |      |       |
|                     | co** |       |      |   |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| **Commodity**       | **T  |       |      |   | 1 |      |       |
|                     | empe |       |      |   | 0 |      |       |
|                     | rate |       |      |   | 0 |      |       |
|                     | Hard |       |      |   | 0 |      |       |
|                     | wood |       |      |   | C |      |       |
|                     | Lo   |       |      |   | U |      |       |
|                     | gs** |       |      |   | B |      |       |
|                     |      |       |      |   | I |      |       |
|                     |      |       |      |   | C |      |       |
|                     |      |       |      |   | M |      |       |
|                     |      |       |      |   | E |      |       |
|                     |      |       |      |   | T |      |       |
|                     |      |       |      |   | E |      |       |
|                     |      |       |      |   | R |      |       |
|                     |      |       |      |   | S |      |       |
+---------------------+------+-------+------+---+---+------+-------+
|                     | **   |       | **   |   |   | **   |       |
|                     | 2004 |       | 2005 |   |   | 2006 |       |
|                     | R    |       | Es   |   |   | Fo   |       |
|                     | evis |       | tima |   |   | reca |       |
|                     | ed** |       | te** |   |   | st** |       |
+---------------------+------+-------+------+---+---+------+-------+
|                     | USDA | Post  | USDA | P |   | USDA | Post  |
|                     | Offi | Est   | Offi | o |   | Offi | Est   |
|                     | cial | imate | cial | s |   | cial | imate |
|                     | \[O  |       | \[O  | t |   | \[O  |       |
|                     | ld\] | \[    | ld\] | E |   | ld\] | \[    |
|                     |      | New\] |      | s |   |      | New\] |
|                     |      |       |      | t |   |      |       |
|                     |      |       |      | i |   |      |       |
|                     |      |       |      | m |   |      |       |
|                     |      |       |      | a |   |      |       |
|                     |      |       |      | t |   |      |       |
|                     |      |       |      | e |   |      |       |
|                     |      |       |      |   |   |      |       |
|                     |      |       |      | \ |   |      |       |
|                     |      |       |      | [ |   |      |       |
|                     |      |       |      | N |   |      |       |
|                     |      |       |      | e |   |      |       |
|                     |      |       |      | w |   |      |       |
|                     |      |       |      | \ |   |      |       |
|                     |      |       |      | ] |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| **Market Year       | **0  |       | **0  |   |   | **0  |       |
| Begin**             | 1/20 |       | 1/20 |   |   | 1/20 |       |
|                     | 04** |       | 05** |   |   | 06** |       |
+---------------------+------+-------+------+---+---+------+-------+
| Production          | 788  | 975   | 0    | 1 |   | 0    | 1,080 |
|                     |      |       |      | , |   |      |       |
|                     |      |       |      | 0 |   |      |       |
|                     |      |       |      | 5 |   |      |       |
|                     |      |       |      | 2 |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| Imports             | 10   | 4     | 0    | 6 |   | 0    | 3     |
+---------------------+------+-------+------+---+---+------+-------+
| **TOTAL SUPPLY**    | **7  | **    | *    | * |   | *    | **1,  |
|                     | 98** | 979** | *0** | * |   | *0** | 083** |
|                     |      |       |      | 1 |   |      |       |
|                     |      |       |      | , |   |      |       |
|                     |      |       |      | 0 |   |      |       |
|                     |      |       |      | 5 |   |      |       |
|                     |      |       |      | 8 |   |      |       |
|                     |      |       |      | * |   |      |       |
|                     |      |       |      | * |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| Exports             | 0    | 0     | 0    | 0 |   | 0    | 0     |
+---------------------+------+-------+------+---+---+------+-------+
| Domestic            | 798  | 979   | 0    | 1 |   | 0    | 1,083 |
| Consumption         |      |       |      | , |   |      |       |
|                     |      |       |      | 0 |   |      |       |
|                     |      |       |      | 5 |   |      |       |
|                     |      |       |      | 8 |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+
| **TOTAL             | **7  | **    | *    | * |   | *    | **1,  |
| DISTRIBUTION**      | 98** | 979** | *0** | * |   | *0** | 083** |
|                     |      |       |      | 1 |   |      |       |
|                     |      |       |      | , |   |      |       |
|                     |      |       |      | 0 |   |      |       |
|                     |      |       |      | 5 |   |      |       |
|                     |      |       |      | 8 |   |      |       |
|                     |      |       |      | * |   |      |       |
|                     |      |       |      | * |   |      |       |
+---------------------+------+-------+------+---+---+------+-------+

# TRADE MATRIX TEMPERATE HARDWOOD LOGS 

Note: Due to inconsistencies in the Government of Mexico's 2004 & 2005
trade data, the MY 2004 and MY 2005 PS&D trade estimates have been based
on information gathered from industry sources. It should be noted that
no private or other government sources, including SEMARNAT, concurred
with the SE's figures. These inconsistencies have not been corrected and
are reported as SE data indicates.

  -------------------- -------------- ----------- ---------- ---------------
  **TEMPERATE HARDWOOD                            **UNITS:   
  LOGS H.S.                                       CUBIC      
  4403.9^a^**                                     METERS**   

  EXPORTS FOR 2004 TO:                IMPORTS FOR            
                                      2004 FROM:             

  U.S.                 277            U.S.                   760

  OTHER                               OTHER                  

  JAPAN                37,886         COSTA RICA             1,286

  TOTAL OF OTHER       37,886         TOTAL OF               1,286
                                      OTHER                  

  OTHERS NOT LISTED    137            OTHERS NOT             1,483
                                      LISTED                 

  GRAND TOTAL          38,300         GRAND TOTAL            3,529
  -------------------- -------------- ----------- ---------- ---------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- --------------- ------------- ---------- ---------------
  **TEMPERATE HARDWOOD                               **UNITS:   
  LOGS H.S.                                          CUBIC      
  4403.9^a^**                                        METERS**   

  EXPORTS FOR                          IMPORTS FOR              
  2005\*TO:                            2005\*FROM:              

  U.S.                 130             U.S.                     699

  OTHER                                OTHER                    

  JAPAN                258             CHILE                    950,960

  TOTAL OF OTHER       258             TOTAL OF                 950,960
                                       OTHER                    

  OTHERS NOT LISTED    157             OTHERS NOT               1,717
                                       LISTED                   

  GRAND TOTAL          545             GRAND TOTAL              953,376
  -------------------- --------------- ------------- ---------- ---------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

**^a^ Expressed values for HS 4403.9 consolidates the following
subheadings: 4403.91, 4403.92 & 4403.99**

**\* As of June 2005.**

## PRODUCTION -- HARDWOOD LOGS

Production estimates for MY 2004 and preliminary MY 2005 have been
revised upward reflecting official SEMARNAT information. For MY 2006
temperate hardwood production is expected to increase 2.7 percent due to
strong domestic demand, of which 85 percent will be oak and the balance
ash, alder, mesquite, ebony and madrone. Overall, there is renewed
optimism in the Mexican hardwood products industry due to strengthening
in the construction and furniture manufacturing sectors. In MY 2004,
temperate hardwood log production represented approximately 12.5 percent
of total Mexican round wood production and is expected to remain roughly
the same in MY 2005.

## CONSUMPTION -- HARDWOOD LOGS

In MY 2005, hardwood consumption increased to over 1.0 million M^3^,
indicating that Mexico has continued to recognize the potential uses and
resistant features of most of the temperate hardwood species. This is
due to the furniture manufacturers' increased demand for temperate
hardwood, especially those that produce flooring and furniture for
export. FAS/Mexico expects this consumption trend to continue in MY
2006. Reportedly, Mexican importers for furniture manufacturers have
increased acceptance of U.S. hardwood species. For example, by far the
majority of products manufactured by hardwood maquilas (in-bond
manufacturers) are furniture-related. These manufacturers focus their
production on primarily home furniture. The MY 2005 and MY 2005
consumption estimates have been revised upward due to new industry
information.

## TRADE -- HARDWOOD LOGS

For MY 2005, imports are forecast to decrease to 3,000 M^3^, as the
Mexican market continues to be a price-driven market. As a result,
several furniture plants have opted for better-priced tropical hardwood
species. Moreover, as a consequence of increased competition, some
manufacturers expect to adjust their species mix. Some furniture
manufacturers, for example, are beginning to import U.S. hardwoods that
are relatively cheaper, such as Alder and Tulipwood, while attempting to
preserve the quality of their products. Import estimates for MY 2004 and
MY 2005 (preliminary data for this year) have been revised downward
based mostly on official Secretariat of Economy (SE) data.

# SOFTWOOD LUMBER PS&D

<table>
<colgroup>
<col style="width: 1%" />
<col style="width: 28%" />
<col style="width: 10%" />
<col style="width: 11%" />
<col style="width: 6%" />
<col style="width: 3%" />
<col style="width: 11%" />
<col style="width: 10%" />
<col style="width: 11%" />
<col style="width: 2%" />
</colgroup>
<tbody>
<tr class="odd">
<td></td>
<td colspan="9"><strong>PSD TABLE</strong></td>
</tr>
<tr class="even">
<td colspan="2"><strong>Country</strong></td>
<td colspan="7"><strong>Mexico</strong></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Commodity</strong></td>
<td colspan="3"><strong>Softwood Lumber</strong></td>
<td colspan="4">1000 M<sup>3</sup></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2"></td>
<td colspan="2"><strong>2004 Revised</strong></td>
<td colspan="3"><strong>2005 Estimate</strong></td>
<td colspan="2"><strong>2006 Forecast</strong></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2"></td>
<td>USDA Official [Old]</td>
<td><p>Post Estimate</p>
<p>[New]</p></td>
<td colspan="2">USDA Official [Old]</td>
<td><p>Post Estimate</p>
<p>[New]</p></td>
<td>USDA Official [Old]</td>
<td><p>Post Estimate</p>
<p>[New]</p></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2"><strong>Market Year Begin</strong></td>
<td colspan="2"><strong>01/2004</strong></td>
<td colspan="3"><strong>01/2005</strong></td>
<td colspan="2"><strong>01/2006</strong></td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2">Production</td>
<td>1,948</td>
<td>3,246</td>
<td colspan="2">1,983</td>
<td>3,378</td>
<td>0</td>
<td>3,480</td>
<td></td>
</tr>
<tr class="even">
<td colspan="2">Imports</td>
<td>4,140</td>
<td>2,217</td>
<td colspan="2">4,260</td>
<td>2,200</td>
<td>0</td>
<td>2,240</td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>TOTAL SUPPLY</strong></td>
<td><strong>6,088</strong></td>
<td><strong>5,463</strong></td>
<td colspan="2"><strong>6,243</strong></td>
<td><strong>5,578</strong></td>
<td><strong>0</strong></td>
<td><strong>5,720</strong></td>
<td></td>
</tr>
<tr class="even">
<td colspan="2">Exports</td>
<td>70</td>
<td>99</td>
<td colspan="2">73</td>
<td>80</td>
<td>0</td>
<td>85</td>
<td></td>
</tr>
<tr class="odd">
<td colspan="2">Domestic Consumption</td>
<td>6,018</td>
<td>5,364</td>
<td colspan="2">6,170</td>
<td>5,498</td>
<td>0</td>
<td>5,635</td>
<td></td>
</tr>
<tr class="even">
<td colspan="2">TOTAL DISTRIBUTION</td>
<td><strong>6,088</strong></td>
<td><strong>5,463</strong></td>
<td colspan="2"><strong>6,243</strong></td>
<td><strong>5,578</strong></td>
<td><strong>0</strong></td>
<td><strong>5,720</strong></td>
<td></td>
</tr>
</tbody>
</table>

# TRADE MATRIX SOFTWOOD LUMBER

  -------------------- -------------- --------- ----------- --------------
  **SOFTWOOD LUMBER                             **UNITS:    
  H.S. 4407.1^c^**                              CUBIC       
                                                METERS**    

  EXPORTS FOR 2004 TO:                IMPORTS               
                                      FOR 2004              
                                      FROM:                 

  U.S.                 97,627         U.S.                  454,188

  OTHER                               OTHER                 

  CUBA                 590            CHILE                 1,492.080

                                      CANADA                199.241

  TOTAL OF OTHER       590            TOTAL OF              1,691.321
                                      OTHER                 

  OTHERS NOT LISTED    338            OTHERS                71.352
                                      NOT                   
                                      LISTED                

  GRAND TOTAL          98,555         GRAND                 2,216.861
                                      TOTAL                 
  -------------------- -------------- --------- ----------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- -------------- --------- ----------- --------------
  **SOFTWOOD LUMBER                             **UNITS:    
  H.S. 4407.1^c^**                              CUBIC       
                                                METERS**    

  EXPORTS FOR 2005 TO:                IMPORTS               
                                      FOR 2005              
                                      FROM:                 

  U.S.                 39.349         U.S.                  247,976

  OTHER                               OTHER                 

  CUBA                 221            CHILE                 315,937

  TOTAL OF OTHER       221            TOTAL OF              315,937
                                      OTHER                 

  OTHERS NOT LISTED    1              OTHERS                118,016
                                      NOT                   
                                      LISTED                

  GRAND TOTAL          39,571         GRAND                 681,929
                                      TOTAL                 
  -------------------- -------------- --------- ----------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005**

**^c^ Expressed values for HS 4407.1 consolidates the following
subheadings: 4407.10.01, 4407.10.02, 4407.10.03, 4407.10.04 &
4407.10.99**

**\* As of June 2005**

## PRODUCTION -- SOFTWOOD LUMBER

MY 2004 and 2005 production estimates have been revised upward according
to the most recent industry information, which takes into account the
favorable economic conditions of the past few years and the dynamic
performance of the construction sector. Similarly, for MY 2006 softwood
lumber production is forecast to increase approximately 3 percent at 3.4
million M^3^, because of expected growth in construction activity. The
largest construction companies in the middle-cost housing segment, for
example, are expecting to increase their sales by 17 percent in 2006.
This is in-line with the target estimate of the two main financing
bodies serving the housing market (INFONAVIT and FOVISSTE), which expect
to increase their number of loans by 16 percent. These increases should
positively impact softwood lumber production.

## CONSUMPTION -- SOFTWOOD LUMBER

Consumption should increase in MY 2006 due to the expectation that
Mexico's economy will continue rebounding and consequently the
furniture, in-bond industries, and construction sectors. The MY 2004 and
2005 consumption data has been revised downward based on the most recent
industry information. The majority of softwood lumber production
continues to go to the construction sector, as well as for packing
purposes and for small to medium household furniture manufacturers.
Also, softwood lumber is used in the formation of concrete. Industry
sources stated that purchasing decisions continue to be price-focused.

## TRADE -- SOFTWOOD LUMBER

MY 2004 and 2005 import estimates have been revised downward based on
official SE data and as result of higher than previously estimated
domestic production. For MY 2006 imports are forecast to increase
slightly to 2.24 million M^3^, as a result of the strength of the
Mexican construction sector. The export estimates for MY 2004 and 2005
(preliminary data) have been revised upward, again based on final
official SE data.

# TEMPERATE HARDWOOD LUMBER PS&D

+---------------------+------+-------+------+----+---+------+-------+
| **PSD TABLE**       |      |       |      |    |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| **Country**         | **   |       |      |    |   |      |       |
|                     | Mexi |       |      |    |   |      |       |
|                     | co** |       |      |    |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| **Commodity**       | **T  |       |      |    | 1 |      |       |
|                     | empe |       |      |    | 0 |      |       |
|                     | rate |       |      |    | 0 |      |       |
|                     | Hard |       |      |    | 0 |      |       |
|                     | wood |       |      |    | C |      |       |
|                     | Lumb |       |      |    | U |      |       |
|                     | er** |       |      |    | B |      |       |
|                     |      |       |      |    | I |      |       |
|                     |      |       |      |    | C |      |       |
|                     |      |       |      |    | M |      |       |
|                     |      |       |      |    | E |      |       |
|                     |      |       |      |    | T |      |       |
|                     |      |       |      |    | E |      |       |
|                     |      |       |      |    | R |      |       |
|                     |      |       |      |    | S |      |       |
+---------------------+------+-------+------+----+---+------+-------+
|                     | **   |       | **   |    |   | **   |       |
|                     | 2004 |       | 2005 |    |   | 2006 |       |
|                     | R    |       | Es   |    |   | Fo   |       |
|                     | evis |       | tima |    |   | reca |       |
|                     | ed** |       | te** |    |   | st** |       |
+---------------------+------+-------+------+----+---+------+-------+
|                     | USDA | Post  | USDA | Po |   | USDA | Post  |
|                     | Offi | Est   | Offi | st |   | Offi | Est   |
|                     | cial | imate | cial | Es |   | cial | imate |
|                     | \[O  |       | \[O  | ti |   | \[O  |       |
|                     | ld\] | \[    | ld\] | ma |   | ld\] | \[    |
|                     |      | New\] |      | te |   |      | New\] |
|                     |      |       |      |    |   |      |       |
|                     |      |       |      | \  |   |      |       |
|                     |      |       |      | [N |   |      |       |
|                     |      |       |      | ew |   |      |       |
|                     |      |       |      | \] |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| **Market Year       | **0  |       | **0  |    |   | **0  |       |
| Begin**             | 1/20 |       | 1/20 |    |   | 1/20 |       |
|                     | 04** |       | 05** |    |   | 06** |       |
+---------------------+------+-------+------+----+---+------+-------+
| Production          | 404  | 488   | 415  | 5  |   | 0    | 540   |
|                     |      |       |      | 26 |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| Imports             | 235  | 179   | 240  | 2  |   | 0    | 225   |
|                     |      |       |      | 20 |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| **TOTAL SUPPLY**    | **6  | **    | **6  | *  |   | *    | **    |
|                     | 39** | 667** | 55** | *7 |   | *0** | 765** |
|                     |      |       |      | 46 |   |      |       |
|                     |      |       |      | ** |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| Exports             | 0    | 0     | 0    | 0  |   | 0    | 0     |
+---------------------+------+-------+------+----+---+------+-------+
| Domestic            | 639  | 667   | 655  | 7  |   | 0    | 765   |
| Consumption         |      |       |      | 46 |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+
| **TOTAL             | **6  | **    | **6  | *  |   | *    | **    |
| DISTRIBUTION**      | 39** | 667** | 55** | *7 |   | *0** | 765** |
|                     |      |       |      | 46 |   |      |       |
|                     |      |       |      | ** |   |      |       |
+---------------------+------+-------+------+----+---+------+-------+

# TRADE MATRIX TEMPERATE HARDWOOD LUMBER

Note: Due to inconsistencies in the Government of Mexico's 2004 & 2005
export data (preliminary information for 2005), the MY 2004 and MY 2005
PS&D trade estimates have been based on information gathered from
industry sources. There is a big difference from official Mexican data
and U.S. Census data.

  -------------------- -------------- ------------ ---------- --------------
  **TEMPERATE HARDWOOD                             **UNITS:   
  LUMBER H.S.                                      CUBIC      
  4407.9^d^**                                      METERS**   

  EXPORTS FOR 2004 TO:                IMPORTS FOR             
                                      2004 FROM:              

  U.S.                 8,566          U.S.                    100,139

  OTHER                               OTHER                   

  GERMANY              51,741         CANADA                  27,941

  TOTAL OF OTHER       51,741         TOTAL OF                27.941
                                      OTHER                   

  OTHERS NOT LISTED    31,829         OTHERS NOT              51,326
                                      LISTED                  

  GRAND TOTAL          92,136         GRAND TOTAL             179,406
  -------------------- -------------- ------------ ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- -------------- ----------- ---------- --------------
  **TEMPERATE HARDWOOD                            **UNITS:   
  LUMBER H.S.                                     CUBIC      
  4407.9^d^**                                     METERS**   

  EXPORTS FOR 2005 TO:                IMPORTS FOR            
                                      2005 FROM:             

  U.S.                 67,992         U.S.                   98,299

  OTHER                               OTHER                  

  GUATEMALA            150            PERU                   3,506

                                      CANADA                 1,149

  TOTAL OF OTHER       150            TOTAL OF               4,655
                                      OTHER                  

  OTHERS NOT LISTED    135            OTHERS NOT             2,681
                                      LISTED                 

  GRAND TOTAL          68,277         GRAND TOTAL            105,635
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

**^d^ Expressed values for HS 4407.9 consolidates the following
subheadings: 4407.91.01, 4407.92.01, 4407.92.99, 4407.99.01, 4407.99.02,
4407.99.03, 4407.99.04, 4407.99.05 & 4407.99.99.**

**\* As of June 2005**

## PRODUCTION -- HARDWOOD LUMBER

Total MY 2006 temperate hardwood lumber production is estimated to grow
at approximately 540,000 M^3^, 2.7 percent higher than the revised MY
2005 estimate, as domestic demand for furniture, maquila-furniture,
flooring, and millwork industries remains strong. Increasingly, Mexican
maquila furniture plants are using U.S. hardwoods in their production.
Higher volumes will be consumed as bilateral trade in furniture
increases. Primary species are red and white oak, the poplars, walnut,
maple, cherry, beech and alder. The production estimates for MY 2004 and
2005 have been revised upward to reflect official data from SEMARNAT.

## CONSUMPTION -- HARDWOOD LUMBER

Consumption figures for MY 2004 and 2005 have been revised upward,
reflecting the stronger than expected demand from the furniture industry
(including the maquila sector) as well as the flooring and architectural
millwork sectors. For MY 2006 consumption is forecast to increase to
765,000 M^3^ as the Mexican economy is expected to continue growing. The
expected increase in consumption is partially attributed to
maquila-furniture manufacturers, which have maintained strong demand for
U.S. hardwoods. Reportedly, these manufacturers perceive Mexican
hardwoods to be of inferior quality to U.S. woods. In terms of delivery
and service, U.S. hardwoods are also perceived positively thanks to
quality servicing and geographical proximity. The positive outlook by
Mexican maquiladoras is centered on renewed optimism for the U.S.
economy. Since the maquiladora sector exists to supply products to the
U.S. market, the improved performance of the economy will drive the
sector's productive activity.

## TRADE -- HARDWOOD LUMBER

Import estimates for MY 2004 and 2005 have decreased. This decline is
based on official SE data (preliminary figures for the MY2005), which
reflect higher than originally expected domestic production for these
years. For MY 2006, imports are expected to increase approximately 2.5
percent to 225,000 M^3^. It should be noted, however, that a factor that
could prevent the increase of U.S. hardwood lumber is the rising trend
of American hardwood prices. While prices evidently follow a cyclical
trend, recent rises may prompt Mexican buyers to seek alternative
sources. Therefore, the American Hardwood Export Council (AHEC) would be
wise to develop a regularly updated publication or Website in order to
provide price information to Mexican importers so that they may find
alternative, more economical, species within the U.S. In theory this
information would make producers less motivated to substitute their U.S.
hardwoods with softwoods or hardwoods from elsewhere. Moreover, AHEC is
advised to continue its efforts to communicate the advantages of U.S.
hardwoods among maquiladoras, multi-use facilities, carpenters,
architects, distributors, and in professional school programs. In light
of growing competition from third-country suppliers, AHEC efforts should
continue to attempt to differentiate and "brand" U.S. hardwood vis-à-vis
its competition. According to industry sources, the quality and natural
beauty of U.S. wood should keep the market open.

# TROPICAL HARDWOOD LUMBER PS&D TABLE

+---------------------+------+-------+------+-------+------+-------+
| **PSD TABLE**       |      |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| **Country**         | Me   |       |      |       |      |       |
|                     | xico |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| **Commodity**       | **   |       |      |       | 1000 |       |
|                     | Trop |       |      |       | C    |       |
|                     | ical |       |      |       | UBIC |       |
|                     | Hard |       |      |       | ME   |       |
|                     | wood |       |      |       | TERS |       |
|                     | Lumb |       |      |       |      |       |
|                     | er** |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
|                     | **   |       | **   |       | **   |       |
|                     | 2004 |       | 2005 |       | 2006 |       |
|                     | R    |       | Es   |       | Fo   |       |
|                     | evis |       | tima |       | reca |       |
|                     | ed** |       | te** |       | st** |       |
+---------------------+------+-------+------+-------+------+-------+
|                     | USDA | Post  | USDA | Post  | USDA | Post  |
|                     | Offi | Est   | Offi | Est   | Offi | Est   |
|                     | cial | imate | cial | imate | cial | imate |
|                     | \[O  |       | \[O  |       | \[O  |       |
|                     | ld\] | \[    | ld\] | \[    | ld\] | \[    |
|                     |      | New\] |      | New\] |      | New\] |
+---------------------+------+-------+------+-------+------+-------+
| **Market Year       | **0  |       | **0  |       | **0  |       |
| Begin**             | 1/20 |       | 1/20 |       | 1/20 |       |
|                     | 04** |       | 05** |       | 06** |       |
+---------------------+------+-------+------+-------+------+-------+
| Production          | 170  | 162   | 175  | 200   | 0    | 205   |
+---------------------+------+-------+------+-------+------+-------+
| Imports             | 90   | 90    | 115  | 90    | 0    | 93    |
+---------------------+------+-------+------+-------+------+-------+
| **TOTAL SUPPLY**    | **2  | **    | **2  | **    | *    | **    |
|                     | 60** | 252** | 90** | 290** | *0** | 298** |
+---------------------+------+-------+------+-------+------+-------+
| Exports             | 0    | 0     | 0    | 0     | 0    | 0     |
+---------------------+------+-------+------+-------+------+-------+
| Domestic            | 260  | 252   | 290  | 290   | 0    | 298   |
| Consumption         |      |       |      |       |      |       |
+---------------------+------+-------+------+-------+------+-------+
| **TOTAL             | **2  | **    | **2  | **    | *    | **    |
| DISTRIBUTION**      | 60** | 252** | 90** | 290** | *0** | 298** |
+---------------------+------+-------+------+-------+------+-------+

# TRADE MATRIX TROPICAL HARDWOOD LUMBER

  -------------------- -------------- ----------- ---------- --------------
  **TROPICAL HARDWOOD                             **UNITS:   
  LUMBER H.S.                                     CUBIC      
  4407.2^e^**                                     METERS**   

  EXPORTS FOR 2004 TO:                IMPORTS FOR            
                                      2004 FROM:             

  U.S.                 24,624         U.S.                   805

  OTHER                               OTHER                  

  UNITED KINGDOM       7              PERU                   110,195

  TOTAL OF OTHER       7              TOTAL OF               110,195
                                      OTHER                  

  OTHERS NOT LISTED    0              OTHERS NOT             112,638
                                      LISTED                 

  GRAND TOTAL          24,631         GRAND TOTAL            223,638
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  ----------------------- ------------ ----------- ---------- --------------
  **TROPICAL HARDWOOD                              **UNITS:   
  LUMBER H.S. 4407.2^e^**                          CUBIC      
                                                   METERS**   

  EXPORTS FOR 2005 TO:                 IMPORTS FOR            
                                       2005 FROM:             

  U.S.                    171          U.S.                   138

  OTHER                                OTHER                  

  DOMINICAN REPUBLIC      68           PERU                   39,664

  TOTAL OF OTHER          68           TOTAL OF               39,664
                                       OTHER                  

  OTHERS NOT LISTED       32           OTHERS NOT             4,351
                                       LISTED                 

  GRAND TOTAL             271          GRAND TOTAL            44,153
  ----------------------- ------------ ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

**^e^ Expressed values for HS 4407.2 consolidates the following
subheadings: 4407.24.01, 4407.24.99, 4407.25.01, 4407.26.01,
4407.29.01,4407.29.03 & 4407.29.99**

**\* As of June 2005**

## PRODUCTION - TROPICAL HARDWOOD LUMBER

An approximate 2.5 percent increase in production is expected in MY
2006, due to the anticipated growing of the Mexican economy. Tropical
hardwood log production has remained at low levels due to depletion of
jungle areas, poor technology, and the remote location of some species.
According to CONAFOR, deforestation in southeastern Mexico, where the
tropical forest is concentrated, has occurred at alarming rates.
According to regional studies, a block of the Lacandon rainforest, in
Southern Mexico, had lost nearly one-third of its natural forest.
Another study has demonstrated that only 27 percent of the original
cover of seasonally dry tropical forest remains in Mexico. Production
figures for MY 2004 and MY 2005 have been revised downward, and upward
respectively, according to official final data (preliminary information
for MY2005).

## CONSUMPTION - TROPICAL HARDWOOD LUMBER

Domestic consumption of tropical hardwood lumber is forecast to increase
to 298,000 M^3^ in MY 2006 as the furniture/interior joinery market
continues growing, along with the gradual growth of the Mexican interior
market. For MY 2004, consumption estimates have been revised downward
based on the most recent industry information. The Mexican market
continues to be price-driven and thus remains very sensitive to
low-priced South American tropical lumber, especially given the relative
scarceness and high prices of domestic tropical hardwood. Domestically,
mahogany and red (Spanish) cedar continue to dominate the marketplace.
Mahogany is the most popular wood due to the status and tradition
associated with it.

## TRADE - TROPICAL HARDWOOD LUMBER 

Imports of tropical lumber should increase approximately 3 percent in MY
2006 compared with the MY 2005 estimate, assuming the continued demand
for finished products, such as furniture and flooring. The MY 2005
import estimate has been revised downward mostly based on information
gathered from industry sources. It should be noted that due to
inconsistencies in Government of Mexico 2004 and 2005 trade date, the MY
2004 and MY 2005 PS&D trade estimates have been based on industry
sources. Consequently the official trade data reflected in the trade
matrix of 2004 differs significantly from the PS&D estimate in this
report.

# SOFTWOOD PLYWOOD PS&D TABLE

+---------------------+------+-------+------+---+------+------+-------+
| **PSD TABLE**       |      |       |      |   |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| **Country**         | **   |       |      |   |      |      |       |
|                     | Mexi |       |      |   |      |      |       |
|                     | co** |       |      |   |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| **Commodity**       | **   |       |      |   | 1000 |      |       |
|                     | Soft |       |      |   | C    |      |       |
|                     | wood |       |      |   | UBIC |      |       |
|                     | P    |       |      |   | ME   |      |       |
|                     | lywo |       |      |   | TERS |      |       |
|                     | od** |       |      |   |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
|                     | **   |       | **   |   |      | **   |       |
|                     | 2004 |       | 2005 |   |      | 2006 |       |
|                     | R    |       | Es   |   |      | Fo   |       |
|                     | evis |       | tima |   |      | reca |       |
|                     | ed** |       | te** |   |      | st** |       |
+---------------------+------+-------+------+---+------+------+-------+
|                     | USDA | Post  | USDA | P |      | USDA | Post  |
|                     | Offi | Est   | Offi | o |      | Offi | Est   |
|                     | cial | imate | cial | s |      | cial | imate |
|                     | \[O  |       | \[O  | t |      | \[O  |       |
|                     | ld\] | \[    | ld\] | E |      | ld\] | \[    |
|                     |      | New\] |      | s |      |      | New\] |
|                     |      |       |      | t |      |      |       |
|                     |      |       |      | i |      |      |       |
|                     |      |       |      | m |      |      |       |
|                     |      |       |      | a |      |      |       |
|                     |      |       |      | t |      |      |       |
|                     |      |       |      | e |      |      |       |
|                     |      |       |      |   |      |      |       |
|                     |      |       |      | \ |      |      |       |
|                     |      |       |      | [ |      |      |       |
|                     |      |       |      | N |      |      |       |
|                     |      |       |      | e |      |      |       |
|                     |      |       |      | w |      |      |       |
|                     |      |       |      | \ |      |      |       |
|                     |      |       |      | ] |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| **Market Year       | **0  |       | **0  |   |      | **0  |       |
| Begin**             | 1/20 |       | 1/20 |   |      | 1/20 |       |
|                     | 04** |       | 05** |   |      | 06** |       |
+---------------------+------+-------+------+---+------+------+-------+
| Production          | 146  | 146   | 155  | 2 |      | 0    | 230   |
|                     |      |       |      | 0 |      |      |       |
|                     |      |       |      | 5 |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| Imports             | 230  | 190   | 242  | 2 |      | 0    | 180   |
|                     |      |       |      | 0 |      |      |       |
|                     |      |       |      | 0 |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| **TOTAL SUPPLY**    | **3  | **    | **3  | * |      | *    | **    |
|                     | 76** | 336** | 97** | * |      | *0** | 410** |
|                     |      |       |      | 4 |      |      |       |
|                     |      |       |      | 0 |      |      |       |
|                     |      |       |      | 5 |      |      |       |
|                     |      |       |      | * |      |      |       |
|                     |      |       |      | * |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| Exports             | 5    | 1     | 7    | 1 |      | 0    | 2     |
+---------------------+------+-------+------+---+------+------+-------+
| Domestic            | 371  | 335   | 390  | 4 |      | 0    | 408   |
| Consumption         |      |       |      | 0 |      |      |       |
|                     |      |       |      | 4 |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+
| **TOTAL             | **3  | **    | **3  | * |      | *    | **    |
| DISTRIBUTION**      | 76** | 336** | 97** | * |      | *0** | 410** |
|                     |      |       |      | 4 |      |      |       |
|                     |      |       |      | 0 |      |      |       |
|                     |      |       |      | 5 |      |      |       |
|                     |      |       |      | * |      |      |       |
|                     |      |       |      | * |      |      |       |
+---------------------+------+-------+------+---+------+------+-------+

# TRADE MATRIX SOFTWOOD PLYWOOD

  -------------------- -------------- ----------- ---------- --------------
  **SOFTWOOD PLYWOOD                              **UNITS:   
  H.S. 4412.1^f^**                                CUBIC      
                                                  METERS**   

  EXPORTS FOR 2004 TO:                IMPORTS FOR            
                                      2004 FROM:             

  U.S.                 1,102          U.S.                   70,185

  BELIZE               4              CHILE                  78,576

  OTHERS NOT LISTED    2              OTHERS NOT             41,897
                                      LISTED                 

  GRAND TOTAL          1,108          GRAND TOTAL            190,658
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- -------------- ----------- ---------- --------------
  **SOFTWOOD PLYWOOD                              **UNITS:   
  H.S. 4412.1^f^**                                CUBIC      
                                                  METERS**   

  EXPORTS FOR 2005 TO:                IMPORTS FOR            
                                      2005 FROM:             

  U.S.                 446            U.S.                   33,358

  COSTA RICA           23             CHILE                  45,747

  TOTAL OF OTHER       1              TOTAL OF               24,667
                                      OTHER                  

  GRAND TOTAL          470            GRAND TOTAL            103,952
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

**^f^ Expressed values for HS 4412.19 consolidates the following
subheadings: 4412.19.01, 4412.19.02 & 4412.19.99**

**\* As of June 2005**

## PRODUCTION -- SOFTWOOD PLYWOOD

As a result of the increase on import duties for plywood imposed by the
GOM (see Policy section), Mexican softwood production is expected to
increase to 230,000 M^3^ for MY 2006. It should be noted, however, that
the increase of import duties will not affect plywood imported from
countries where Mexico has free trade agreements, such the United States
and Chile, among others. An additional factor that should increase the
plywood production is the dynamic performance of the construction and
furniture sectors. In the case of the construction sector, for example,
it is estimated that in 2004, approximately 710,000 houses were built,
and for the next few years it is expected that private financial
institutions will increase credit for mortgages considerably. This will
encourage construction firms to build houses mainly in the "middle" and
"upper" segments of the market over the next five years.

According to ANAFATA, in Mexico there are only 14 plywood plants, and 7
of them are working at approximately 80-percent capacity, while the rest
are operating at only 30 percent. This is primarily due to increased
competition from imported plywood, as well as furniture imports from
China. Mexican plywood plants, with few exceptions, are very old by
industry standards. Moreover, there are negative expectations in
Mexico's low-end furniture sector as a result of increased competition
from China. Additionally, sources have stated that Chinese furniture is
competing very aggressively with Mexican hardwood furniture in the U.S.
market. Production estimates for MY 2005 have been revised upward based
on the most recent ANAFTA information.

## CONSUMPTION -- SOFTWOOD PLYWOOD

MY 2006 consumption is forecast at 408,000 M^3^ due to the increased
activity in the construction sector. The primary uses of softwood
plywood are in the construction industry and the furniture sector.
Consumption estimates for MY 2004 and MY 2005 have been revised downward
and upward, respectively, reflecting ANAFATA information.

## TRADE -- SOFTWOOD PLYWOOD

MY 2006 imports are expected to decrease approximately 10 percent, due
to increased domestic production and higher import duties imposed by the
GOM on September 7, 2005 (see Policy Section). Import estimates for MY
2004 and 2005 (preliminary information for this year) have been revised
based on final data issued by the Secretariat of Economy (SE). Exports
are expected to increase slightly in MY 2006 assuming that the trend of
high international prices continues. Export estimates for MY 2004 and
2005 have been revised downward based on official data of the SE and
preliminary data of ANAFATA for MY 2005.

SOFTWOOD PLYWOOD WHOLESALE PRICES

+-------+------+-----------+-----------+---+---------+---------+---------+
| **T   |      | LAYERS    | **SIZE**  | * |         |         |         |
| HICKN |      |           |           | * |         |         |         |
| ESS** |      |           | **In      | G |         |         |         |
|       |      |           | cm.**     | R |         |         |         |
| **In  |      |           |           | A |         |         |         |
| mm.** |      |           |           | D |         |         |         |
|       |      |           |           | E |         |         |         |
|       |      |           |           | S |         |         |         |
|       |      |           |           | * |         |         |         |
|       |      |           |           | * |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
|       |      |           |           | A |         | BD      | CDM     |
|       |      |           |           | D |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| \-    |      |           |           |   |         |         |         |
| Sof   |      |           |           |   |         |         |         |
| twood |      |           |           |   |         |         |         |
| pl    |      |           |           |   |         |         |         |
| ywood |      |           |           |   |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 2.7   |      | 3         | 1.22x2.44 | \ |         | \$74.41 | \$65.17 |
|       |      |           |           | $ |         |         |         |
|       |      |           |           | 8 |         |         |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | 1 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 3.0   |      | 3         | 1.22x2.44 | \ |         | \$87.40 | \$76.94 |
|       |      |           |           | $ |         |         |         |
|       |      |           |           | 9 |         |         |         |
|       |      |           |           | 5 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 6 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 4.5   |      | 3         | 1.22x2.44 | \ |         | \       | \$91.06 |
|       |      |           |           | $ |         | $103.41 |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 7 |         |         |         |
|       |      |           |           | 2 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 5.5   |      | 5         | 1.22x2.44 | \ |         | \       | \$98.17 |
|       |      |           |           | $ |         | $112.62 |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 7 |         |         |         |
|       |      |           |           | 6 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 8.6   |      | 5         | 1.22x2.44 | \ |         | \       | \       |
|       |      |           |           | $ |         | $156.84 | $148.99 |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | 7 |         |         |         |
|       |      |           |           | 0 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 9 |         |         |         |
|       |      |           |           | 5 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 12.0  |      | 5         | 1.22x2.44 | \ |         | \       | \       |
|       |      |           |           | $ |         | $188.32 | $178.90 |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 0 |         |         |         |
|       |      |           |           | 5 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 5 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 15.0  |      | 5         | 1.22x2.44 | \ |         | \       | \       |
|       |      |           |           | $ |         | $233.79 | $222.08 |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 5 |         |         |         |
|       |      |           |           | 4 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 8 |         |         |         |
|       |      |           |           | 2 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 18.0  |      | 7         | 1.22x2.44 | \ |         | \       | \       |
|       |      |           |           | $ |         | $267.54 | $254.17 |
|       |      |           |           | 2 |         |         |         |
|       |      |           |           | 9 |         |         |         |
|       |      |           |           | 1 |         |         |         |
|       |      |           |           | . |         |         |         |
|       |      |           |           | 6 |         |         |         |
|       |      |           |           | 1 |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| \-    |      |           |           |   |         |         |         |
| Co    |      |           |           |   |         |         |         |
| nstru |      |           |           |   |         |         |         |
| ction |      |           |           |   |         |         |         |
| cente |      |           |           |   |         |         |         |
| ring |      |           |           |   |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 15.0  |      | 5         | 1.22x2.44 |   | \       |         |         |
|       |      |           |           |   | $245.63 |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| 16.0  |      | 5         | 1.22x2.44 |   | \       |         |         |
|       |      |           |           |   | $271.18 |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+
| Con  |      |           |           |   |         |         |         |
| crete |      |           |           |   |         |         |         |
| po    |      |           |           |   |         |         |         |
| uring |      |           |           |   |         |         |         |
| So    |      |           |           |   |         |         |         |
| urce: |      |           |           |   |         |         |         |
| Produ |      |           |           |   |         |         |         |
| ctora |      |           |           |   |         |         |         |
| de    |      |           |           |   |         |         |         |
| Tri   |      |           |           |   |         |         |         |
| play, |      |           |           |   |         |         |         |
| Dur   |      |           |           |   |         |         |         |
| ango, |      |           |           |   |         |         |         |
| Mé    |      |           |           |   |         |         |         |
| xico. |      |           |           |   |         |         |         |
+-------+------+-----------+-----------+---+---------+---------+---------+

# HARDWOOD PLYWOOD PS&D TABLE

  --------------------- ------------- ---------- ------------- -------- ---------- ------------- ----------
  PSD TABLE                                                                                      

  **Country**           **Mexico**                                                               

  **Commodity**         **Hardwood                             1000                              
                        Plywood**                              CUBIC                             
                                                               METERS                            

                        **2004                   **2005                            **2006        
                        Revised**                Estimate**                        Forecast**    

                        USDA Official Post       USDA Official          Post       USDA Official Post
                        \[Old\]       Estimate   \[Old\]                Estimate   \[Old\]       Estimate
                                      \[New\]                           \[New\]                  \[New\]

  **Market Year Begin** **01/2004**              **01/2005**                       **01/2006**   

  Production            11            11         12                     20         0             25

  Imports               32            40         34                     50         0             50

  **TOTAL SUPPLY**      **43**        **51**     **46**                 **70**     **0**         **75**

  Exports               0             0          0                      0          0             0

  Domestic Consumption  43            51         46                     70         0             75

  **TOTAL               **43**        **51**     **46**                 **70**     **0**         **75**
  DISTRIBUTION**                                                                                 
  --------------------- ------------- ---------- ------------- -------- ---------- ------------- ----------

# TRADE MATRIX TEMPERATE HARDWOOD PLYWOOD

  -------------------- -------------- ----------- ---------- --------------
  **TEMPERATE HARDWOOD                            **UNITS:   
  PLYWOOD H.S.                                    CUBIC      
  4412.14^g^**                                    METERS**   

  EXPORTS FOR 2004 TO:                IMPORTS FOR            
                                      2004 FROM:             

  U.S.                 0              U.S.                   2,355

  OTHER                               OTHER                  

                                      PERU                   11,909

  TOTAL OF OTHER       0              TOTAL OF               11,909
                                      OTHER                  

  OTHERS NOT LISTED    0              OTHERS NOT             26,193
                                      LISTED                 

  GRAND TOTAL          0              GRAND TOTAL            40,457
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

  -------------------- -------------- ----------- ---------- --------------
  **TEMPERATE HARDWOOD                            **UNITS:   
  PLYWOOD H.S.                                    CUBIC      
  4412.14^g^**                                    METERS**   

  EXPORTS FOR 2005 TO:                IMPORTS FOR            
                                      2005 FROM:             

  U.S.                 0              U.S.                   1,220

  OTHER                               OTHER                  

                                      PERU                   10,826

  TOTAL OF OTHER       0              TOTAL OF               10,826
                                      OTHER                  

  OTHERS NOT LISTED    0              OTHERS NOT             17,749
                                      LISTED                 

  GRAND TOTAL          0              GRAND TOTAL            29,795
  -------------------- -------------- ----------- ---------- --------------

**SOURCE: World Trade Atlas. Mexico Edition. June 2005.**

**^g^ Expressed values for HS 4412.14 consolidates the following
subheadings: 4412.14.00 & 4412.14.99**

**\* As of June 2005**

## PRODUCTION -- HARDWOOD PLYWOOD

According to ANAFTA information, total hardwood plywood production
between MY 2004 and MY 2005 increased from 11,000 to 20,000 M^3^.
FAS/Mexico forecasts that this trend will continue in MY 2006 to reach
25,000 M^3^, due primarily to the strong demand of the furniture
industry.

## CONSUMPTION -- HARDWOOD PLYWOOD

The consumption should continue to increase from MY 2005 levels as a
result of the strong demand of the furniture industry. Larger plywood
producers continue to buy U.S. hardwoods; especially those producers who
are exporting finished products to the United States. Consumption
estimates for MY 2004 and 2005 were obtained from ANAFATA data.

## TRADE -- HARDWOOD PLYWOOD

Import estimates for MY 2004 and 2005 have been revised upward in
accordance with SE official data (preliminary information for MY 2005).
According to industry sources, imports have increased sharply due to the
strong demand from furniture manufacturers. For MY 2006, however,
imports are expected to remain unchanged compared with a year earlier
due to the higher import duties imposed by the GOM on September 7, 2005
(see Policy section).

# STRATEGIC INDICATOR TABLE

+---------+----+-----------------+-------+-------+-------+-----+----+
| *       |    |                 |       |       |       |     |    |
| *FOREST |    |                 |       |       |       |     |    |
| PRODUCT |    |                 |       |       |       |     |    |
| TARIFFS |    |                 |       |       |       |     |    |
| AND     |    |                 |       |       |       |     |    |
| TAXES   |    |                 |       |       |       |     |    |
| (per    |    |                 |       |       |       |     |    |
| cent)** |    |                 |       |       |       |     |    |
+=========+====+=================+=======+=======+=======+=====+====+
| **Cou   |    | **Mexico**      | **Tar | **Tar | **Ot  | *   | ** |
| ntry:** |    |                 | iff** | iff** | her** | *To | Ex |
|         |    |                 |       |       |       | tal | po |
|         |    |                 | *     | **F   | **Imp | Cos | rt |
|         |    |                 | *Curr | ollow | ort** | t** | ** |
|         |    |                 | ent** | ing** |       |     |    |
|         |    |                 |       |       | **    | *   | *  |
|         |    |                 | **Y   | **Y   | Taxes | *of | *T |
|         |    |                 | ear** | ear** | /Fees | Im  | ax |
|         |    |                 |       |       | **   | por | ** |
|         |    |                 |       |       |       | t** |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| *       |    | **2005**        |       |       |       |     |    |
| *Report |    |                 |       |       |       |     |    |
| Year:** |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| **H     | *  |                 |       |       |       |     |    |
| .T.S.** | *P |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | du |                 |       |       |       |     |    |
|         | ct |                 |       |       |       |     |    |
|         | D  |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | cr |                 |       |       |       |     |    |
|         | ip |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | ** |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4401    | Fu |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | bi |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | tw |                 |       |       |       |     |    |
|         | ig |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | go |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | fo |                 |       |       |       |     |    |
|         | rm |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | hi |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | rt |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | aw |                 |       |       |       |     |    |
|         | du |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | sc |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | p, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | gl |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
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|         | l  |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | qu |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | fo |                 |       |       |       |     |    |
|         | rm |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Fu |                 | EX    | N/A   | 10.00 | N/A | EX |
| 1.10.01 | el |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | bi |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | tw |                 |       |       |       |     |    |
|         | ig |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | go |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | fo |                 |       |       |       |     |    |
|         | rm |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 1.21.01 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 10.00 | N/A | EX |
| 1.22.01 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | S  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 1.30.01 | aw |                 |       |       |       |     |    |
|         | du |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | sc |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | p, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | gl |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | qu |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | fo |                 |       |       |       |     |    |
|         | rm |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4403    | Wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | ug |                 |       |       |       |     |    |
|         | h, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
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|         | ot |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | pp |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | sa |                 |       |       |       |     |    |
|         | pw |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | r  |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | gh |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | sq |                 |       |       |       |     |    |
|         | ua |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | T  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.10.01 | re |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | t, |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ai |                 |       |       |       |     |    |
|         | n, |                 |       |       |       |     |    |
|         | cr |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | so |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | va |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.20.99 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Da |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.41.01 | rk |                 |       |       |       |     |    |
|         | R  |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | Me |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | i, |                 |       |       |       |     |    |
|         | L  |                 |       |       |       |     |    |
|         | ig |                 |       |       |       |     |    |
|         | ht |                 |       |       |       |     |    |
|         | R  |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | M  |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | M  |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | Ba |                 |       |       |       |     |    |
|         | ka |                 |       |       |       |     |    |
|         | u. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.49.01 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.49.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Of |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.91.01 | o  |                 |       |       |       |     |    |
|         | ak |                 |       |       |       |     |    |
|         | (Q |                 |       |       |       |     |    |
|         | ue |                 |       |       |       |     |    |
|         | rc |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | sp |                 |       |       |       |     |    |
|         | p. |                 |       |       |       |     |    |
|         | ). |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Of |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.92.01 | b  |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | (F |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | sp |                 |       |       |       |     |    |
|         | p. |                 |       |       |       |     |    |
|         | ). |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.99.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4404    | Ho |                 |       |       |       |     |    |
|         | pw |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | pl |                 |       |       |       |     |    |
|         | it |                 |       |       |       |     |    |
|         | po |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | pi |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | ke |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ak |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | oi |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | sa |                 |       |       |       |     |    |
|         | wn |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | gt |                 |       |       |       |     |    |
|         | hw |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | e; |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | r  |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | gh |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | mm |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | be |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | se |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | ke |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | su |                 |       |       |       |     |    |
|         | it |                 |       |       |       |     |    |
|         | ab |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | m  |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | uf |                 |       |       |       |     |    |
|         | ac |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | ki |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | -s |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | um |                 |       |       |       |     |    |
|         | br |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ik |                 |       |       |       |     |    |
|         | e; |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | hi |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.10.01 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.10.99 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 20.00 | N/A | EX |
| 4.20.01 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.20.02 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.20.03 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.20.04 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 15.00 | N/A | EX |
| 4.20.99 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4405    | Wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | (e |                 |       |       |       |     |    |
|         | xc |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | ); |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | fl |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Wo |                 | EX    | N/A   | 15.00 | N/A | EX |
| 5.00.01 | od |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | (e |                 |       |       |       |     |    |
|         | xc |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | ); |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | fl |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Wo |                 | EX    | N/A   | 15.00 | N/A | EX |
| 5.00.02 | od |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | (e |                 |       |       |       |     |    |
|         | xc |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | ); |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | fl |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4406    | R  |                 |       |       |       |     |    |
|         | ai |                 |       |       |       |     |    |
|         | lw |                 |       |       |       |     |    |
|         | ay |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | mw |                 |       |       |       |     |    |
|         | ay |                 |       |       |       |     |    |
|         | sl |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | (c |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | ss |                 |       |       |       |     |    |
|         | -t |                 |       |       |       |     |    |
|         | ie |                 |       |       |       |     |    |
|         | s) |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | N  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 6.10.01 | ot |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | eg |                 |       |       |       |     |    |
|         | na |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 6.90.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4407    | Wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | sa |                 |       |       |       |     |    |
|         | wn |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | hi |                 |       |       |       |     |    |
|         | pp |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | gt |                 |       |       |       |     |    |
|         | hw |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | e, |                 |       |       |       |     |    |
|         | sl |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | sa |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | ge |                 |       |       |       |     |    |
|         | r- |                 |       |       |       |     |    |
|         | jo |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | hi |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | ss |                 |       |       |       |     |    |
|         | e  |                 |       |       |       |     |    |
|         | xc |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.10.01 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.10.02 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.10.03 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Co |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.10.99 | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
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|         | us |                 |       |       |       |     |    |
|         | .  |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | V  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.24.01 | ir |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | a, |                 |       |       |       |     |    |
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+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | V  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.24.99 | ir |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | a, |                 |       |       |       |     |    |
|         | Ma |                 |       |       |       |     |    |
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|         | a. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Da |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.25.01 | rk |                 |       |       |       |     |    |
|         | R  |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | Me |                 |       |       |       |     |    |
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+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | W  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.26.01 | hi |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | La |                 |       |       |       |     |    |
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|         | n. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | O  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.29.01 | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | O  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.29.99 | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Of |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.91.01 | o  |                 |       |       |       |     |    |
|         | ak |                 |       |       |       |     |    |
|         | (Q |                 |       |       |       |     |    |
|         | ue |                 |       |       |       |     |    |
|         | rc |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | sp |                 |       |       |       |     |    |
|         | p. |                 |       |       |       |     |    |
|         | ). |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Of |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.92.01 | b  |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | (F |                 |       |       |       |     |    |
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|         | ). |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Of |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.92.99 | b  |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | (F |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | sp |                 |       |       |       |     |    |
|         | p. |                 |       |       |       |     |    |
|         | ). |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.99.01 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.99.02 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.99.03 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 10.00 | N/A | EX |
| 7.99.04 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.99.05 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.99.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4408    | Ve |                 |       |       |       |     |    |
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+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 8.10.01 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Da |                 | EX    | N/A   | 15.00 | N/A | EX |
| 8.31.01 | rk |                 |       |       |       |     |    |
|         | R  |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | Me |                 |       |       |       |     |    |
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|         | Ba |                 |       |       |       |     |    |
|         | ka |                 |       |       |       |     |    |
|         | u. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 8.39.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 8.90.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
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|         | b  |                 |       |       |       |     |    |
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|         | de |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | m  |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | de |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | r  |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ik |                 |       |       |       |     |    |
|         | e) |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | ny |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | e  |                 |       |       |       |     |    |
|         | dg |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | fa |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | sa |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | -j |                 |       |       |       |     |    |
|         | oi |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 9.10.01 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | Co |                 | EX    | N/A   | 10.00 | N/A | EX |
| 9.10.02 | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | C  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 9.10.99 | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 20.00 | N/A | EX |
| 9.20.01 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 440     | No |                 | EX    | N/A   | 20.00 | N/A | EX |
| 9.20.99 | nc |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | if |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ou |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4410    | P  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | cl |                 |       |       |       |     |    |
|         | eb |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | gn |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | ma |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | ag |                 |       |       |       |     |    |
|         | gl |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | ns |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | rg |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ub |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | W  |                 | EX    | N/A   | N/A   | N/A | EX |
| 0.11.01 | af |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | ie |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | O  |                 | EX    | N/A   | N/A   | N/A | EX |
| 0.19.99 | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Of |                 | EX    | N/A   | 15.00 | N/A | EX |
| 0.90.01 | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | gn |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | ma |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Of |                 | EX    | N/A   | N/A   | N/A | EX |
| 0.90.02 | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | gn |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | ma |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Of |                 | EX    | N/A   | 20.00 | N/A | EX |
| 0.90.99 | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | gn |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | ma |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4411    | Fi |                 |       |       |       |     |    |
|         | be |                 |       |       |       |     |    |
|         | rb |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | gn |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | ma |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | ns |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | rg |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ub |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | N  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.11.01 | ot |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | fa |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.19.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | N  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.21.01 | ot |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | fa |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.29.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | N  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.31.01 | ot |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | fa |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.39.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | N  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.91.01 | ot |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | fa |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | O  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.99.99 | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4412    | Pl |                 |       |       |       |     |    |
|         | yw |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | ls |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | am |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wi |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.13.01 | th |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | op |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | ci |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | su |                 |       |       |       |     |    |
|         | bh |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | no |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | 1  |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | ap |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wi |                 | EX    | N/A   | 15.00 | N/A | EX |
| 2.13.99 | th |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | op |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | ci |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | su |                 |       |       |       |     |    |
|         | bh |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | no |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | 1  |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | ap |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 2.14.99 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | N/A   | N/A   | 15.00 | N/A | EX |
| 2.19.01 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | N/A   | N/A | EX |
| 2.19.02 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.19.99 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | fe |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | us |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wi |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.22.01 | th |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | op |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | ci |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | su |                 |       |       |       |     |    |
|         | bh |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | no |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | 1  |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | ap |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 2.23.99 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | ai |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ay |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | rt |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.29.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wi |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.92.01 | th |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ly |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | op |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | ci |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | su |                 |       |       |       |     |    |
|         | bh |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | no |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | 1  |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | is |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | ap |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 2.93.99 | he |                 |       |       |       |     |    |
|         | r, |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | ai |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ea |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | ay |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | rt |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 2.99.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4413    | D  |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | D  |                 | EX    | N/A   | 10.00 | N/A | EX |
| 3.00.01 | en |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | D  |                 | EX    | N/A   | 15.00 | N/A | EX |
| 3.00.02 | en |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | D  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 3.00.99 | en |                 |       |       |       |     |    |
|         | si |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | ri |                 |       |       |       |     |    |
|         | ps |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | fi |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4414    | Wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | fr |                 |       |       |       |     |    |
|         | am |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ph |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | ph |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | m  |                 |       |       |       |     |    |
|         | ir |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ob |                 |       |       |       |     |    |
|         | je |                 |       |       |       |     |    |
|         | ct |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wo |                 | EX    | N/A   | 20.00 | N/A | EX |
| 4.00.01 | od |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | fr |                 |       |       |       |     |    |
|         | am |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ph |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | og |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | ph |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | m  |                 |       |       |       |     |    |
|         | ir |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ob |                 |       |       |       |     |    |
|         | je |                 |       |       |       |     |    |
|         | ct |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4415    | P  |                 |       |       |       |     |    |
|         | ac |                 |       |       |       |     |    |
|         | ki |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | ca |                 |       |       |       |     |    |
|         | se |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | xe |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | d  |                 |       |       |       |     |    |
|         | ru |                 |       |       |       |     |    |
|         | ms |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | g, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | ca |                 |       |       |       |     |    |
|         | bl |                 |       |       |       |     |    |
|         | e- |                 |       |       |       |     |    |
|         | dr |                 |       |       |       |     |    |
|         | um |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ox |                 |       |       |       |     |    |
|         | -p |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ad |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | 20.00 | N/A | EX |
| 5.10.01 | se |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | xe |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | d  |                 |       |       |       |     |    |
|         | ru |                 |       |       |       |     |    |
|         | ms |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ck |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | g; |                 |       |       |       |     |    |
|         | ca |                 |       |       |       |     |    |
|         | bl |                 |       |       |       |     |    |
|         | e- |                 |       |       |       |     |    |
|         | dr |                 |       |       |       |     |    |
|         | um |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Pa |                 | EX    | N/A   | 20.00 | N/A | EX |
| 5.20.01 | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ox |                 |       |       |       |     |    |
|         | -p |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ad |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Pa |                 | EX    | N/A   | 20.00 | N/A | EX |
| 5.20.99 | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ox |                 |       |       |       |     |    |
|         | -p |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | lo |                 |       |       |       |     |    |
|         | ad |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | oa |                 |       |       |       |     |    |
|         | rd |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4416    | Ca |                 |       |       |       |     |    |
|         | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ta |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | Ex.   | N/A | EX |
| 6.00.01 | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ta |                 |       |       |       |     |    |
|         | ve |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | 20.00 | N/A | EX |
| 6.00.02 | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | av |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | 20.00 | N/A | EX |
| 6.00.03 | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | av |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | 20.00 | N/A | EX |
| 6.00.04 | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | av |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ca |                 | EX    | N/A   | 20.00 | N/A | EX |
| 6.00.99 | sk |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | ba |                 |       |       |       |     |    |
|         | rr |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | v  |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | bs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | pr |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | eo |                 |       |       |       |     |    |
|         | f, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | av |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4417    | To |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | ie |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ru |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | oe |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | To |                 | EX    | N/A   | 15.00 | N/A | EX |
| 7.00.01 | ol |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | ie |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ru |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | oe |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | To |                 | EX    | N/A   | 20.00 | N/A | EX |
| 7.00.99 | ol |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | ie |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | to |                 |       |       |       |     |    |
|         | ol |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ro |                 |       |       |       |     |    |
|         | om |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | b  |                 |       |       |       |     |    |
|         | ru |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | bo |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | oe |                 |       |       |       |     |    |
|         | l  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | ee |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4418    | Bu |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | de |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | \' |                 |       |       |       |     |    |
|         | j  |                 |       |       |       |     |    |
|         | oi |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | ry |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | pe |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | ry |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d, |                 |       |       |       |     |    |
|         | i  |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | lu |                 |       |       |       |     |    |
|         | di |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | ce |                 |       |       |       |     |    |
|         | ll |                 |       |       |       |     |    |
|         | ul |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | pa |                 |       |       |       |     |    |
|         | ne |                 |       |       |       |     |    |
|         | ls |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | ss |                 |       |       |       |     |    |
|         | em |                 |       |       |       |     |    |
|         | bl |                 |       |       |       |     |    |
|         | ed |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | qu |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s; |                 |       |       |       |     |    |
|         | sh |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | gl |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | ke |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Wi |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.10.01 | nd |                 |       |       |       |     |    |
|         | ow |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | Fr |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | ch |                 |       |       |       |     |    |
|         | -w |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | do |                 |       |       |       |     |    |
|         | ws |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | ir |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | ra |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | D  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.20.01 | oo |                 |       |       |       |     |    |
|         | rs |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | ir |                 |       |       |       |     |    |
|         | fr |                 |       |       |       |     |    |
|         | am |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | t  |                 |       |       |       |     |    |
|         | hr |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | ho |                 |       |       |       |     |    |
|         | ld |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | P  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.30.01 | ar |                 |       |       |       |     |    |
|         | qu |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | p  |                 |       |       |       |     |    |
|         | an |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Fo |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.40.01 | rm |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | rk |                 |       |       |       |     |    |
|         | (s |                 |       |       |       |     |    |
|         | hu |                 |       |       |       |     |    |
|         | tt |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | g) |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | nc |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | te |                 |       |       |       |     |    |
|         | co |                 |       |       |       |     |    |
|         | ns |                 |       |       |       |     |    |
|         | tr |                 |       |       |       |     |    |
|         | uc |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | on |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | k. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Sh |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.50.01 | in |                 |       |       |       |     |    |
|         | gl |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | ke |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | O  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.90.01 | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 8.90.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4419    | T  |                 |       |       |       |     |    |
|         | ab |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | wa |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ki |                 |       |       |       |     |    |
|         | tc |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | nw |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | e, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 441     | T  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 9.00.01 | ab |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | wa |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | ki |                 |       |       |       |     |    |
|         | tc |                 |       |       |       |     |    |
|         | he |                 |       |       |       |     |    |
|         | nw |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | e, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4420    | Wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | m  |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | qu |                 |       |       |       |     |    |
|         | et |                 |       |       |       |     |    |
|         | ry |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | la |                 |       |       |       |     |    |
|         | id |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | ke |                 |       |       |       |     |    |
|         | ts |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | as |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | j  |                 |       |       |       |     |    |
|         | ew |                 |       |       |       |     |    |
|         | el |                 |       |       |       |     |    |
|         | ry |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ut |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | ry |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | s  |                 |       |       |       |     |    |
|         | im |                 |       |       |       |     |    |
|         | il |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | rt |                 |       |       |       |     |    |
|         | ic |                 |       |       |       |     |    |
|         | le |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | st |                 |       |       |       |     |    |
|         | at |                 |       |       |       |     |    |
|         | ue |                 |       |       |       |     |    |
|         | tt |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | na |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d; |                 |       |       |       |     |    |
|         | wo |                 |       |       |       |     |    |
|         | od |                 |       |       |       |     |    |
|         | en |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | cl |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | ur |                 |       |       |       |     |    |
|         | ni |                 |       |       |       |     |    |
|         | tu |                 |       |       |       |     |    |
|         | re |                 |       |       |       |     |    |
|         | n  |                 |       |       |       |     |    |
|         | ot |                 |       |       |       |     |    |
|         | f  |                 |       |       |       |     |    |
|         | al |                 |       |       |       |     |    |
|         | li |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | wi |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | in |                 |       |       |       |     |    |
|         | c  |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | pt |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | 94 |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | St |                 | EX    | N/A   | 20.00 | N/A | EX |
| 0.10.01 | at |                 |       |       |       |     |    |
|         | ue |                 |       |       |       |     |    |
|         | tt |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | a  |                 |       |       |       |     |    |
|         | nd |                 |       |       |       |     |    |
|         | o  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | or |                 |       |       |       |     |    |
|         | na |                 |       |       |       |     |    |
|         | me |                 |       |       |       |     |    |
|         | nt |                 |       |       |       |     |    |
|         | s, |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 0.90.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4421    | O  |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | ar |                 |       |       |       |     |    |
|         | ti |                 |       |       |       |     |    |
|         | cl |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | of |                 |       |       |       |     |    |
|         | w  |                 |       |       |       |     |    |
|         | oo |                 |       |       |       |     |    |
|         | d. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | C  |                 | EX    | N/A   | 20.00 | N/A | EX |
| 1.10.01 | lo |                 |       |       |       |     |    |
|         | th |                 |       |       |       |     |    |
|         | es |                 |       |       |       |     |    |
|         | ha |                 |       |       |       |     |    |
|         | ng |                 |       |       |       |     |    |
|         | er |                 |       |       |       |     |    |
|         | s. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.90.01 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.90.02 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 1.90.03 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 15.00 | N/A | EX |
| 1.90.04 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 442     | Ot |                 | EX    | N/A   | 20.00 | N/A | EX |
| 1.90.99 | he |                 |       |       |       |     |    |
|         | r. |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4422    |    |                 | N/A   | N/A   | N/A   | N/A | N  |
|         |    |                 |       |       |       |     | /A |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4423    |    |                 | N/A   | N/A   | N/A   | N/A | N  |
|         |    |                 |       |       |       |     | /A |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4424    |    |                 | N/A   | N/A   | N/A   | N/A | N  |
|         |    |                 |       |       |       |     | /A |
+---------+----+-----------------+-------+-------+-------+-----+----+
| 4425    |    |                 | N/A   | N/A   | N/A   | N/A | N  |
|         |    |                 |       |       |       |     | /A |
+---------+----+-----------------+-------+-------+-------+-----+----+
|         |    |                 | N/A   | N/A   | N/A   | N/A | N  |
| Pre-fab |    |                 |       |       |       |     | /A |
| ricated |    |                 |       |       |       |     |    |
| Houses, |    |                 |       |       |       |     |    |
| a       |    |                 |       |       |       |     |    |
| sub     |    |                 |       |       |       |     |    |
| section |    |                 |       |       |       |     |    |
| under   |    |                 |       |       |       |     |    |
| chapter |    |                 |       |       |       |     |    |
| 96      |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+
| Tariff |    |                 |       |       |       |     |    |
| rates   |    |                 |       |       |       |     |    |
| app     |    |                 |       |       |       |     |    |
| licable |    |                 |       |       |       |     |    |
| during  |    |                 |       |       |       |     |    |
| 2005 to |    |                 |       |       |       |     |    |
| i       |    |                 |       |       |       |     |    |
| mported |    |                 |       |       |       |     |    |
| comm    |    |                 |       |       |       |     |    |
| odities |    |                 |       |       |       |     |    |
| from    |    |                 |       |       |       |     |    |
| cou     |    |                 |       |       |       |     |    |
| ntries, |    |                 |       |       |       |     |    |
| which   |    |                 |       |       |       |     |    |
| Mexico  |    |                 |       |       |       |     |    |
| has not |    |                 |       |       |       |     |    |
| signed  |    |                 |       |       |       |     |    |
| any     |    |                 |       |       |       |     |    |
| Free    |    |                 |       |       |       |     |    |
| Trade   |    |                 |       |       |       |     |    |
| Agr     |    |                 |       |       |       |     |    |
| eement, |    |                 |       |       |       |     |    |
| under   |    |                 |       |       |       |     |    |
| the     |    |                 |       |       |       |     |    |
| MOST    |    |                 |       |       |       |     |    |
| FAVORED |    |                 |       |       |       |     |    |
| NATION  |    |                 |       |       |       |     |    |
| (MFN)   |    |                 |       |       |       |     |    |
| duty as |    |                 |       |       |       |     |    |
| pu      |    |                 |       |       |       |     |    |
| blished |    |                 |       |       |       |     |    |
| in the  |    |                 |       |       |       |     |    |
| Mexican |    |                 |       |       |       |     |    |
| Diario  |    |                 |       |       |       |     |    |
| Oficial |    |                 |       |       |       |     |    |
| (       |    |                 |       |       |       |     |    |
| Federal |    |                 |       |       |       |     |    |
| Re      |    |                 |       |       |       |     |    |
| gister) |    |                 |       |       |       |     |    |
| on      |    |                 |       |       |       |     |    |
| January |    |                 |       |       |       |     |    |
| 18,     |    |                 |       |       |       |     |    |
| 2002    |    |                 |       |       |       |     |    |
| and     |    |                 |       |       |       |     |    |
| m       |    |                 |       |       |       |     |    |
| odified |    |                 |       |       |       |     |    |
| on      |    |                 |       |       |       |     |    |
| D       |    |                 |       |       |       |     |    |
| ecember |    |                 |       |       |       |     |    |
| 30,     |    |                 |       |       |       |     |    |
| 2004.   |    |                 |       |       |       |     |    |
+---------+----+-----------------+-------+-------+-------+-----+----+