2021-12-31-accounts

BioGuinea Foundation (A eornpw limited by gll1r￿ttt) TRUSTEES, REPORT AND Fll¥4ANCIAL sfATEMEI FOR TI[£ YEAR ENDED 31 DECEMBER 2021 Rettsh*tk>• N￿. 7574245 Charltr #WDber: 1146130

BIOGi]INEA Youf4DATION THE YEAR ENDED 31 DECEMBER 20?1 Trustees (by 31 Dte 21121 Paul SJegeL Cbairnan of tbE BcTd Sarah FarstcrHep44Vrth LbrahHuA Yi'es tk Soy¢ Miles Geldard CamLla Mot)toiro CoMp¥LllV re819tr8dou ollmber 7574245 ChATIty numbtr 1146130 R¢glstered ornce 10 Queen St Plac¢ LA)t>JoA EC4R IBE United Kit)8d0￿. Head Offlet Guln¢ Bls#•u F3ii>¢yuineA F¢)undatiLK4 EBAP Buildw Avenmta Doni SeltLmiU Artwo Ferrazzett4 Bis¥au FJis8ou S¢tret#ry: B&tes Well5 10 fven Si Plaee Lothn FC4R IBE Audllur: HaysnM¢mts'rc Ll.P 10 Quttn Sireel Plac¢ Lor¥aon. F.C4R IAO lyn1￿ Sollrltors.. Bales Wells 10 Queen Street Pince Lotyjtsn, LC4R IBE IJDLitti Kmgdom

BIOGUtNEA FOUI¥IDATION caAIRMAN'S STATE￿￿￿ FOR THE YEAI¢ ENDED 3J DECEMBER MI The year 2021 Yin bi" the Covi&19pthK am¢W otkn- thuw. (Jejavtsl rec¢pii(m otfuJ)Js from ts FreTbth Glob81 FutMI (FFEm>￿&Ic￿￿l￿nS￿NN1OurgTaU(.m8km@ aetiwtfts ExecutTh'¢ TEatn able to ￿)rL. laryeJJ' face.ts>ft alilKxJ8b Bnsofth¢teditsmi]abk. s￿es are exFeted to Fe rwa1￿xd of 202. In th¢ P¢xtyMlots￿ ibk to oew fwlll¥ fw(¥n th¢ MAVA itehnir41 Nctivilies for & xxoDd phw¢ of cortTh th for thoF¢nixl 2017.2021 UNDP. wtAcAJ i5 CUTTEn(t)' ¢xptOTll¥ QEtr'Awi Covid-19 situatioL In or8¢}￿AT￿r. thr (kTml A%%Tn￿). JJx4 ofTnLtts V4tltom¢d n¢WTR￿l¢¢5 MT Miks Cleld&rd (iJK ¢itiz¢nl and Ms Camiltt Brauli•n Tn UK. TFegE Iw it)liv￿￿1$ p bnng a￿lI10n21 skill$ aThl Th¢ of Covid.19 atsl th sirufriioD in UkThEJ¥ Ayr lo hve wMtylKtabk cifrfi$ thj r¢v¢nue4 ll)llaiion aEwI are hu8e th•llet)8es for ally inAlW￿buf Fowthilonewts LO th¢oth¢rU stonn. Paul Rolxrt SieBel, li23

BIOG15ll¥EA FOUNDATIO TRUWEES Af4F4UAL REPOttr FOR IHEYLIR EFIDED 31 DECEPlBER 2021 kvi)Iifi lif ihi Trustees rnL i-n¢lin. il T _0". I The Board ot'l'njgets ofthe Birfiuirt8 Foiuoatton (the Fowlalionl ]xs the thjs report COUSiStsllg of drt annuts( progw wrta(¥J a fir￿￿￿tY￿rt )Yar¢ThtsllkLwb¥Jl. ￿21. This rep)rtTra$ (o m¢¢¢ requrna)ts foT 8 TTusiees' a￿1 Ifx A¢1 piww. Thc f1TwL￿&￿ sts¢emeTrts cLYnpty' V47th t￿ Chantrs Ad 2011. (Ir Act 21f6. the Memornndwfi aTkl Affi¢kg of A￿laIm5￿ Accourtmg 4Td RetxJrnn8 Fry CbAntses." of RetomMerMl￿ Prattsce app￿Cable io charities weputinB ther a¢counts m aeeoEdAtte StaEbJard applicablc in the IJK and Republ￿ of Ireland (blis 102). structure, Governnc¢ man•￿￿ent The I'.oundgtson 5$ a Componv luniied Ffv" GuaYne aroj does nolhav¢ or¢ capithl. It is wjwcnwi by an ithp¢TrJcnt FJ(rd of arfvj an Se£retsTthi Nitha stttoll it•hn m ¢lMf¥¢ of da}..u￿). opeTatJons. CoYernlDg Dotujllent 'fhe Foun(lalion 18 B comptt>' Iullited by 8wintr¢ 8￿em￿l ￿. its and ATli¢les of A89)¢iatson doted 22 March 2011. It isttyst¢rvJ ag 8 cTrAnty with CFwity C¢J7wusw. The ChAnry hsthreE Mernir5. AppolntrneDt of Truit¢¢s The p￿¢dUr￿ fos the app01thm¢￿ ￿#111￿M￿¢010f Truuare xt r￿1 in ATti¢lN of A5yKi•lion (Arti¢l¢J 24-271. To enwro A ik Anie]es tdenirfv fowc44ories ofTDJth5 A. Inrwtsonal (from In¢¢n￿li￿1 OT Oryn]241iLMts) B.. Na¢ioTwI from ¢iiil xoeiv. NGO, or prii'atr sector ¢x fwspeeifie ￿luAble pruri1￿, C ReFrc8cn¢ativ¢ (¥f MÈmsmes sh&ll •1 Nk tim¢ C￿l￿ne a majwity: Th#r¢ tsre six memEr¥ of tl Boord of Thre¢ts>f& one of ￿p￿te lus t¢￿ of oifK¢ nt the of DEc4rnb#T 2021 T]x Broup J$ led by 4 Ch•m•ffj wrtel). Paul Robr¥t SWL Th¢ Bo•rd gf Trustett tsnclloDlll8 New Trustees oto proiidd lltt knefm8 ty EX¢<th￿ Se4ftwy m¢mb¢r olthe &Mrd and all le8al documents. 8overrthYtt polwKs ard UThi¢r normal urcumslttrtes. th¢ lkn•rd memhers or8amzc a phv%ul 0￿¢ 4 year in Guiw coupkd with ik meetin8 of th¢ F(KuvJatsOll aThl IBAP familwuK TTuae¢s V4ith thc contrxi aThl ¢hs]len8ey fa¢iD8 iho ExeeuLion of the Fow)datsort's MIS￿On in Qiw BisswL For 2￿11. as ￿'aS thB t4se in 2020, thix meettD8 could not take ploce to th¢ pwM5¢mic. IIotyiE¥¢r. ￿ a¢¢oJllmrJl•tr the oT8amz￿ TFrttvfftual sne¢tUJ8$ las all0￿d by the AFlid¢5l Tr t¢w]n w in1ryt￿ io prncipaLe I￿47] vfftual medry. Thr EXCE￿1¥t Sttretary u rrwxible fLY IIK2 thY.￿Y of tl Foutststsoo at8tew pl8OTriU Board (l￿1￿￿n8 8rants). Th¢ Imry¥tmetst Cornmittee (tc) Toles c¢wtrall trNeStM￿ Mar￿￿( is8￿ Ls&xn"ted in the IC Ttrms of Referencc adow¢d bv the I￿￿TrI. Onc 01.￿ rKu' TTustKJ bseYt¢wii'e ewnte Arml eNy¢rnse in b&okinB. ipternaiJon&l finarKi81 mR¥k"Et& ￿'¢sIm￿¥1￿ He ￿￿￿pP￿tea 2021 to &￿D8th￿T￿l leod th¢ IC wup The mtetirw of ￿ IC pr￿ ttsj￿ oftl Rwd ofTn&tt& loted wilh Nth)e ofrA)r tnLqleesrecen'e rethuneFatJonoroth¢rlThfft Uwrv4wL" wJthtl% CoTllclitsnb&￿rn1 a tnL*• and senior ￿anager ctonly Mitbodxiacts)r$ 8re wifrall¥ bi. 8 C(AttIIci-of-Intrrest Poh"¢N. FOE ￿ kty Oru￿ Eiwuljye $￿tI#￿ the E¥￿￿tl￿t of the fDvnd2Siot ethnprises an Imern91iotJBI E.Yecuttve Se¢rcthr¥. a￿1 Np¢i(xwb". AHAdwUJ￿ITY¢ IDJ OfficeraDJ a PrOJ￿t9 Officer all on emplo!In¢ni ¢ontrncts.

BIOCUJNEA FOUNDATIOFI TRUSTLES. ANfwAL BEPORT FOR THE YEAR Ef¥i)ED JI DECEMMER XIZJ ICOFU.) Il is wted th&¢ all d￿¢d b). the kn,c].i tske into account job ¢Jcwiior4 ￿J￿10ddS atrj job profJlt& FTnallv. S￿1￿e$ •rt ertabhslL¥l of ayoilabk 8nd aoticyty]b FortheEx¢cutNe knTetory. the knTdapplies&na¢cetthl¢ ru))thxAtion fw Ihecon]l￿Profi1ts at mftrnatiollal level. in W￿ul&T by draHryDg ¢)n tl prn¢u¢4s of smilfftr Afrie•n orZan￿lIO￿ F￿ n&tsonal &alY. the Board follows the laknr la￿5 yf In adthtsoo FBG makes a compRngJrA Trith tht ￿'trI8£ remurmtion levejs as applied by ILxal 0￿￿niZ￿￿onS to¥ sam¢ aft"svofiles. The Fothmkntsm pavsptirticul•r attentsoD to ￿14Th le¥rls of IBAP. IUCN. alld lo¢al NGO%. ObJ•cl¥¢#. Acttvl¢l¢& PulAl¢ Ben￿¢ Rlsk hqaDwJoen¢ obj.￿¥ oftl Chrity l To promrte for ¢he benefrt oftht pthl& tbE tyrt￿ts"0n •Jkl UllWOVdll¢Dt ol th¢ phvwil biolo8￿1 tsn[￿rtInCe U￿1￿j￿¥￿.' 2 1. The ptervots¢JJ. con4vthi rrftion of euvitowt •TrJ the ￿1&&noble we of natrjtal 2.2. The le￿rOr FLWQrtv. aryj tkn of of lffe f￿ the bernfii of p)pukntions Iiwn8 in 3. fo advaKe the edLUtt￿ nf thE 12gw irnl￿tirg the bitxlThvsi(v. co￿Tra￿a], Sustai￿￿11]L). aTrJ marAg¢mcni of (}ull&B￿)y$ aTras aTxV¢x other areas of ai8rnfic￿l pxolo8K&I Susi&Jnub]edw'elopmeMi¥ (l¢tin￿ •$"(leveiiyDent ill¢h me&st￿ neetsof Neth#wtkneotypromism8th¢4bxity orrutwe8tt)er&iith)¥lv mea thwowTJnt•Js". Th¢ will to • vi¢tv or￿11￿e8 Imked to trt attainEllent of thL' qkn,e&m¢ntioTKd Objec￿ such a5 Imer olio impiqttentjlilm p]ani" spxi¢s a￿1 bab￿#t educetio The ¢lTrariTh' ¢mtinns th Trus(ees hair canptsa ￿￿th 17 of the CtAn'ties Act2011 lo hmr eme To date, the ct]anty its Ti as ￿tIl a8 tb)se ofits doJy)t$ s￿h World 14ank atml UPIDP Inllddrtmm. tl FouTKJth'th plx¢ Po￿"¢¥ •TrJ pr(t•JLKes strh a5 coafji Potentsal of 8(Trvementsl inaabilrt!". the FFfy ￿￿thirt¥ 8IKKI rdatiOll5b2'p with all the SuCC￿lIE1￿1TllSkne$ ￿7th Mlllch it forits OtFwts(¥laraoie ar¢ Mitststi) ot. E]Th'1TomJ￿ and Fotestry, tk of fislrncs •Thl HaJied￿ R¢*>W￿ aThl the Mmistr of Ftiwxe: ￿ fr￿ttlll cooFrration th T13APis 45 in thL8 exe[¢￿. 5123

BIOGiri￿£￿ FOUNDATIO TRusfE£& At¥MJAL REPORT FOR THE YEAR ENDED 31 DECEMBER2021 {COlfT.) Th¢nsk' ott the F￿$ fLu¥Js(hto PJhbca1￿ i0]w￿ ikn4lhe Fouthionk&psitspennxJJtLt fth)ds iuanusLerrAti¢xAI FAiuk UL (￿CDzortt.¢Xr¢trtfor finxls]EqWTd OkKrats¢min tiuiJJe6 ￿$SaW wllleh Èrc loc41 iwks tb8L are JnternaiiThMI Uw¢rtwntv as a re&dl of thc emerge￿ 1]]EeJT￿ wc8d ora C￿L￿mI[[l% (COV11>19) aThl the conokct ukra￿￿. The Ckniy has t4%n ablc for and b¢enable io impi¢m¢n¢ rull(Ae thuDwe MI￿£1 ofcOVI[￿19 onthe UK. IR theec0￿M%, Bnd tF Clwity is yet to k SPEtL Elow¢v¢T. thTDUAh Appro&￿81C cO￿der8￿0￿ of nas F￿rt tsf riL" mana8emem sroces￿ lh¢ miu￿ting aetsons alr¢udJ thgi m8). ir theTTUStecscollstkrthit Ihc TrIXy is pMiion 10 c(ThknuE us actTh'LIw& Orr vdunrer T￿y2 YJMleSm#n B]o¢bwdL¥b'ud￿o(Ij￿ ofth)Fukn'Ja¢JivitieJ.' B(¥rd Athievem¢llti attd performTr(e Durin8 2021, Jn a¢¢(YdJwe the ptdn app¥0￿d o( Tnth& th¢ Four￿.0￿ 175 fwjsed fl) r priorities iTSt¢llsjA'ir￿, I￿57n& ￿13 m8rk• at¥1 m&n&8Jn Atlivill¢J The objectivr is lo amplifi. thE mohh7aw) nf firoroalwthus KAI the •mcwtaNiiJ•bk Ar•￿1 for th¢ th) middl¢ IoD8 tm. l. SJ8n&iure of a f¥M¢￿>t￿. piot(tol wrth thr I￿l￿OrBI(￿A1￿i'ty Artas. fK. Alfrojo Simao Da &'lva . orJBAPot'(FWttti Bissau loc￿m￿￿¢#It lkn focwon &¢bi'er•tvc¢xLWF?t￿8ThI th?de7rlc￿1eTrt of theresid￿l 2. The wAte8iw hmplEmgotyJ 2020 t¢¢n IIE eTrl of 2021. tr folloiMn8' . Idernify￿ oftrt cortKin¢ndts by CW) RFJ)DF Prow t.. Conservation Captsl ¢wlfftd faiYrtubk arn8e￿￿ fLE tl wlM¢h rtJl¢d in A with BverlaTrd LLC Te8ardin8 LIK mtheur atwj 501¢$ of 3V).w> thn& Evtrlarll ¢rnn¥KDons ¢ThJ Xk¢xmir 2021.. menlssre qwkrof ￿21 Rt4XXL¥i&litse5btTh&) Ikihr#p¥rtesuT¢ &q follow&. TFIAP (owThrofttKcadXm¢T￿Itsx FBO(fa¢ilthioroftrTrf(rfJaw)8ThlF.I'er1￿IlLC (MsTka￿alld s&ie5 smice prow(krsl Sn FoTrJkl. an In￿]M be￿￿{-d￿n￿8•w￿1OC[rt eA&bliS￿d. New $r￿1 reLe1￿1 frLllll MAVA ¢0 ofrtA 2 of CBAD R¢¢Jd+ pm￿ 2017.2021)" T FBG submftt•J a req￿1 for fithMkn8 forphu¢ 2 of the pwl w OTdLT to pw the rcoa￿l of saks of v¢rified ￿T￿tat￿ bv the pA)J￿l Tr MAVA Fo￿￿]11￿￿ 8rant agrettncnt of 477.281 Etrrjs ¢oc4ry Out pwtro. t￿)￿1 llcts%ltXs CBAD lornt.Ftsx 2. Tr ProjLYI 1$ %trXIu]￿ tu eDJ in lknlr •Oa? ar#1 a Commvtsts. B•xlnww' 8ntV(K Su￿￿1ble lkn.eJopment ¢redtt& Thjs pkn 2 Js COvfinarLr6 fTCn tr World BaDk WACA ProJLtt. Neil. PT()Jeci¢Otwt tyJic•pcrs C1>￿￿tionc&P￿￿ 4Vrt I..0￿>￿atron rtarted T%8Otia(icoof row 3. GEF5.UNDP EThknmtrti L5NDP TexlYAI an C(￿&t￿lI Intern￿￿￿1 to r￿Ill￿te the 4. Wtst Afri¢aCiXgt&l ATBL%ResjhL￿w{ldTlenk ProJe¢tirWACA". Th¢F￿￿¥j￿S'¢m￿g0lNtrdlobep￿rt oftkpwwt i¢h ￿11 ]a& S !'C4TS from 2022. F<r il T5 • foT fotst COmpw￿l1¥." to ¢n￿E the roie of GTaDI maker [￿￿)rof knl ¢CqDmuThIv PToiwtsand Nfj05, lo FqEpAre and laU￿b 8 nts% ts of atxlto fin￿ theopeTIti￿sor ￿ Fu¥Kl8tsQ) oK'erthe d￿8￿￿Of d*proM. WACA opwttmity, iiDuld allow tk found&lion lo achiwc its tBTV of E13 Milli￿ of e￿e￿￿ in 2026 ond FBG financial

BIOGUINEA FOUNDATION TRusfEES' ANNUAL REPORT FOR IB£ YEAR ENDED JI DECEMBER JI21 (Cor￿.) S. BI￿ AclionFurXVRwo￿I P￿￿￿￿rOreS￿￿arx1Nkn ConstTh7uon Inwe￿ Afyi¢&orPRCM rmiect.. TheFBG Is of PRCM ptrt1fTsh￿ fly Ilx Blue ActTh Tr￿￿1 lortts WesL Afnc8 proJ#t LmpiemerAatsonzort. The iwtotiNe l. Tr Fo￿datiOn huui & Tee ID the 5trxbJre atsl corteth ofts aim of VKLng moTe ￿SIble Ibtoiiglisenws th &8 G(KWe ar￿1 FA%Ler PTenled mlfflmaui'e 8rxl c4rtcyApkne ￿0￿. In thlth1io￿ tkn, & Tee 2021 both pbYsLtal aThl tiom mo7m￿"￿ Lffte ailCAFE]llttDbtrs, made a iirtual presemotion of ii$a¢tii'ibes dwy)8themttiin8held m ￿￿M￿.q￿.lI5%I￿lCd￿Al CAFTr. I￿1 REDLAL hNvc Tecoved ￿l'fin￿￿ts1 support Irorn li¥ ¢Jonm f(v 5 yws (OT mun1 I￿ of rncrni￿. In sujse. CAFF. r¢que$r¢d th¢ Bi(<7WTXU boLM1dats(￿ lo l¥)a CAFE A#allbly m 20212023 Lr 2024. The F(UMbtion Mqu de¢th on thJ$ pro]K>SAI in 2022. and FBCT IO tBAP proclal atxt Ur( as f4Ythecentrttl ethYdnwiionTn kkwLL r the pr0jtric4￿l¢S fr¢m thc FtEM aDA ismar4ed Fh. F￿r￿A￿ts0 I FFF.M Th"lot Gr•nl pwcct". ThE of 155.IIX)FAwrn plaD￿l f¢x 2021 c4MJld ¢0 ￿paCi￿ of¢oNTr&lg. CoxwqwDUY. th¢ FFliM V4ill PTO¥rt in r4rlv 2W22 aD amethent ts) the duJ¥iK>n contTact which i]1 tre oxt¢NJed UDtil l)ecemlKT 2022 in QTder lo all￿V r(r ￿ fin￿￿￿1{￿ thf Pilnt pmJe¢l In the M￿￿1￿￿¢, tt rm0￿1￿]￿udlt ofts projvi thduw 2022. 2 GEF >Ut4T)P'. The OEYSE￿￿￿￿￿th COtity1l￿C￿ l•A etern¢￿ ofthe let Tel•Asul. Cl lake$ over from IJNn5> ff$pOn￿h¢1. of￿$￿￿$3 iS¢XPECt>4 in 2022. 3. MAVA 2nstitutM)rnl •. Th8 hmd FBG opttBt4 els￿ Mith GEF>UNDP PToJect Imil tr￿ 2021. The objeetsvo i¥ 2lMm and M•￿um-Ml nfth¢ FBCY adthiion io Ihe GEfsoJNDP tad of 2021}. li PYOiTaaJ Ih &dequul¢ iv1￿n8 cqwpmcrtt (ODC of Ihe thTre p]èrrfJl In SUEllmNry. MAVA IMib2titsnttl Swport Prc)Jed alILmv￿ the Io Th)TmLI th'le il bllid6 its 4rd iiuuonBI ei￿lU￿0 4. MAVA FullthwJ4W SLFPOrt P￿j￿l Thi"s ¢ThJ rf2021 AJdcxribDJ aFth%, tra"8fi4)d to All ￿1￿￿￿0t)$ re]attd kn FuDJr8iqr& CODThry￿)n Capknl C()rtlra¢i M'hich li¥$ ext￿1¥&. A¢tsNJiies w)d¢r tbjs project ended m lknt¢r 2021. AD exlekL¥M)D Lk>wr MAVA llO￿ld il FoundatsI￿￿ntsTrW ts) brrKfi¢ fl￿ th¢￿￿￿( Ofcc￿li￿)neAprf￿ ford rundrn)￿DS Ad¢piin8 l. blexJbilii>' ofotmlion.. In udcr lo In￿ell¢KI of C(Md 19, thcF0WJd8t￿ remote ￿1 f4C-i￿18Cc. oFrnih)As for Itul depe Mel￿ impJs&1 bi. the I￿$180}y&￿0¥nl inl&)kgiwzl 2. Gtsvtrt￿￿ PTQry" The Prfwdof TTUSCSrk(xll￿ Kil¢s ¢3drfaTd Ca￿11￿ Tk rnw¢omers kn. ¢OTllp1eM￿kTr' wofile$ to th(&. a]Jrad% ort B(wd. ￿lIeS Geldard joittd Fkrd of Tr￿t￿ a￿1 he wo4 Fin8ti¢wi maJets wknas C8mi]a ty veTh f￿11￿￿￿ Cor*¢tVthon TnL4 FwyJs in Ar￿ 4T¥J Amenca 8s 3. Mectuw. dur￿8 2W21, tbB 14uud cunbrd IThtatmtht ard kntd meeuDg8. T]nr (3) virtual BnaDI aThJ tnYesthe￿cc￿￿rLtheeme¢1Uv MwelKldto adv4rttUx xtiitsSarKlwanA8em￿I oifLrntt]tl ittTresthieJtr, 7Q3

BIOGUINEA FOUNDATION TRUSTEZV AfiThuAL REPORTFOR THE TrTAR ENDED 31 DECEMBER 21121 (CONf.) 4. ACCO￿tManagemeul0lP￿ BRnk Inatitiel￿ts(￿ of irrAM¢ for JL o￿allne n￿￿8. tTr FouTul&ts'on made a tsst u8nsfeT of eio.IKK) from irthme al to tlt BoDk itL Gui￿& Bissa￿ The exttutton was ¢arb(n sttles m 4tJarrerof 2022 b&% r4ttatyJ fiDm ThLt James Motti'.K)T]e on& Mib G￿d￿d tame In￿the Inirstsneni Cominittee and lis C￿1r. Miltts 8 Biven tbe lo msinxt P%1 io tTrks aThi ]nt￿l0￿￿￿ ¢)n tk porrfojio Sllbxqtrntly. t FoundanoTls Irtvestrnent CoEnmrte Prcp?￿JtO th¢BwrO IJK Imi￿0￿r the iThJBstsThe￿ wyifobo ul Pi¢trL Morwver. the let8 ￿re sn 2021 It h48 to noied that Jthncs WTV.Kytk &xpled marthte by Cun)nitttyYs temis of 6. Donorf Cir¢l¢ One (l) ￿¥5 h¢ld m AW 2021. It Irv￿￿e￿ sit￿tion of dory)r fun&8 part￿￿￿T TIZ of the IX FBG BoArd ll￿]￿Je. 8mim8 othw$' (i) toLider oxtetyjmg tr FLIG.￿Ap MDU h>.0￿ fwMbaisio8 ￿ w th¢FBGEj¥J0i￿ath1t Fund frc4n (3b.F' 5 [￿￿j￿ (in) ykntsf). %>[￿ ptyl￿1 ￿¢Xp￿r¢ fttsltrdi trtMID￿r0r￿nYiT0r￿ arJ of Gturtt Bissauh&% Stnia I￿1 to ttt UNUP Resident ]ll ¢)rthr to (ake (bc r£e&8try io onswt tt¢ TEl¢a¥¢ of thc fwyj C4Ln I made to IBG a8 UNDP 15 thf(tttyN)SMbI]￿¢s WTrsy>￿ th? is￿. li•$ asktd 10 Wi¢ TTU¥t mfonnatTh Thithbn th¢ How Chaiiiv G)MMi￿¢)n re8tsters, BAt¢s Wells Ai•) FWVKlo<l to tynpmv¢ c{JJA￿ for th mUTkettr4 and Sa￿ ofREDD G¢pKralcwrdlTrwi The 2021 plan 4Th1 W ¥1 tFe dwtstLU of the llxrd MEre IhtmaiTh refererttt(x)Is forthe Impkm¢rfth￿ T folloiv.up ofihe BoRrd dethsions r¢Sw￿lb￿ty ofth tyltbe STW. Th¢exttulionof the workpl￿) ismoMrtLhYdbs Me￿￿012 newExL%) fiktocl V+ochaik)MFio follow thEplaTllvJlJndJcoth, Acwuntuw linmc*l use TOMPRO BW is mothtored throuxh r¢￿rtS prfylu¢d b). AthnJnimkn'¢ aDI FwrLJDI Otrtru. ovcnll aTrl ty. fwAI ffjrA8cd by the fowthiion 143

BIOGUINEA FOUNDATION TRusfEES' AririuAL REPORT FOR ThE YEAR Kf4DED 31 DECEMBER 2021 (coNr.I FinDd¥l revlew Thc F0und8tsonffce(Trdd￿ir[Stl TrYar4l3WE￿CqU1l7lert frow i1NDP￿EF￿¥tl￿knrt tr&tk'lY of tlrlrcoErtEib￿[ InfitrJarmg thC-%llTcTW￿g￿ f[8r0e￿￿. ofthenaliwalPA MCrtU￿￿.B1sSfft￿ projLt eTh￿v Si￿¢ 2016. Al￿. the fowmkntson ￿Trted El),938 Euros fr(m tttMAVA FuJrdatii)n as its contrikn2ticI from the iTJstiiuliotxl S￿￿TI project ar¥1429.i53 F￿ frornthE MAVAfsxllknasF•rtoftF-Pro￿(lu)￿￿Xlons-tcrn1 fu￿￿al viability" ot. ￿tidiVe￿￿¥ tbroW tl tA)JJJrAw¢)n arml Bi5S&U'S U￿)1'a￿ve IiEDIW proJe¢i. 10,(Th EUTOS from rts uKomeaLXaty At tF tTrJ of Jknntrr 2021. th¢trA•I lessCUtTt￿1JabJ1rt￿JME￿DttsIA of 4.023323 Eurosequryokrt Fortd¢ fvllye4r202t. the (oth yowthv4ith•p)sve&¥onn￿ of415 72% with a tota] valL￿￿On of F.UR 3'316'(M4 Sittr its iti Q3 2020, the Pthfolio 5Krf(YtDoJ roTwiy +25.68%. Th¢ ParfortllaT￿ m 2021 hos meln dm'¢¥s m MtsTrty AW r￿lY half of tskn t)rt Th¢ Potrfo]io Iwd an Ll]oc4110n to of5W• at the of th¢ var. l8% FLtrd I￿ar1e and 16% in muits-a6set srr81e8Les with A Riain on Global xrate&e +46 8% 4nd in 2021 +27 11% (kn the ade of trt SFectrutn. the Baillie ￿1n NiprAm inv¢simmt ¢ThJtributed. 14.4% O￿all a￿1 was thc coTrtribuLOY ￿ tk wifokno Jni AU m a]1 ts Pc(¢fobo is balan¢ttl ¥￿] Iiu strong rrftYmartt m pxtsve cyclesaTrJ rn r￿11¢￿% w f4r. oW¢)ni1￿ knLthmark5 ofthe inv¢m¥nls in Al lJJe be8JDTllry8 of )WT, ¢￿¥￿￿j 2022 )'ear for rol on]y dw (o oft8￿￿8 msLr8 fTr•n Ca￿& Mark¢t¥ Imd I￿￿11n¢a ÈtT) ￿17 for the prevmw l YeftTS. bill for 2022 Jr¢ lIKTra5￿. And it PT0￿¢d S￿ th& the on Ukrnltt ar￿ 8pikw8 M¢s the ￿￿r1d hal (ur￿] mArkn$ down ￿￿%￿u[e onmost of the classes. We foT 2022 ¥ drfficult yeor for markets 8iNrn thc ￿,￿￿]]￿r8e issues cffj mog¢ty Ewow nwkrts (w. cnss& Covid.aftemiad Politit41 in5tskn1Llie8} FArmn8s of ¢4)mF•t)w will sknw kn on theAf WDIW Is the orders art 8aWtfjllv Still lull 8iv¢ll ts stowdown prevyx8 2 years0￿ ￿¢0¥1. R¢xrvt5 wll< Th¢ FoUtKIBlion&￿'i ha￿ a f¢mal p)Jw The 1swbftvm88 tlexlbietar￿lty in theuse tsru Ir￿Me In ordcr lo ablr ￿ fate ￿OIS esrttmlly IJKQE m io imTllcL% thf CoKryd-19 Bnd Il r¢ U￿¢)T￿rb[PM￿. Thiswillb¢trKux fw2022 ￿th¢Fo￿th￿￿jpl￿ts ￿￿ttOr1￿￿￿DUI0lVduUrrsti fwbl$lincome Irom uwcStrn￿Ldndpr￿ceL1n￿lIltI1I£nf fees}tome¢ttsOpuaWaxpu￿￿￿rAI9￿n(eQnTr,It1￿Ft0jeets. 11 i$nc4ed that Jts cawthlY4li(￿rd￿ F(wJrAhtKn Ixs FxtDa14e EO suffJ¢ient IluML to finan¢x rt$ hmctionm8 and 0[￿￿10r￿£ ¢(￿￿T0￿8hpTojc￿ fU￿j5. Ths ll¥Jeed fOrU￿GE5..S IJNDP, MAVA I￿￿IbIti(￿di support¥￿ MAVA FFFN4 pli 8ThnttADJ￿L TrllSawrth￿h allom￿ theFoutthti(xi to invest its fiysi cawtsl and ￿(￿rreSt￿cd firts> In trt s&me i'ejn. J)21 th¢ Fow¥hi1￿ l$ ten rKw Tr>yJccs frrAn th¢ Wortd Bar& WACA ProJ*i to SW its0[￿ts￿5 aThLIknEIqRttoLt 202210 2ff27 In ty1ditio￿ the Bcoefii ￿eeMeth for the RFDDk proj￿1 Tt%tllJE V¥ill ￿ PTy￿d ￿ 2022 it is anticipatal tht theBioGuuJta ￿￿j￿la￿OThas tmrtof 1￿￿￿¢￿1¢5￿7ll F¢all(￿tej awthnofknrevernu(￿'sÈlCte￿l fLuNJsl ar 9Q3

BIOGUINEAFOUNDATION TRusfEE& Ar41￿ALREP0RT FOR IHE YEAR EF4DED 31 DECEMBER 21121 (coKr.) Plan5 for future per5od The foundBtton hasset WfOr2026￿ 13 rni]h"ffL Dqxie 8lot41 ththt 51¥>M'S1￿llfl¢mt its commiinieni to makc every cftortto prw Iomorfs s￿. To FixwAIth wyll on followip8 pri￿lUeS for 2022 snd FyorJl.. fL)IIuwJT et>J ofthe GEF) UNDP atsl tre MAVA UJsUti)Lion￿fwdAtyll8 Swrt fwytsthat have Support￿ F.0￿la￿On.s fcrye&r& ot Lts Jwm¢ io faff otKraun8 Cost andw caTrv Ojrdwiatiw tht WACAFtsrd It Istr￿fOre a 91￿tiOn ofwwlljg the fitxncing oloF¢rniK&L8. •diiAwS•rM. &m¢>n8 [￿d$ the W¢)dd WACA Prn)￿ tSe&s0nts￿ 03EI ioJld firjanm IJ FBG ovei 5 tons￿ll￿t yea[¥ m2T•8twth of RFI)Jlè Fur¥l% iilllcbsbould b¢ accorduw ¢0 a revenuthncfit sFffjnng me¢FAM￿ lo k¢ ￿1th Ak'¢trx)Idts4 Th¢ WACA Frojecl $4)pJrt I8&N￿e￿I kn.¥arl Ln 2023 In adthtso4 BI￿A￿l￿ Fwl Stujll (3Trllts l¥ogrnll￿e approv￿ f¢ Ihc PRCM Sh￿￿d prewed lalmchcd ts) 8ocrfleondthon. Fitrlty. (o¢ollLbrx w tfi tlx GEF71UCN LAJlombi.IWCh&¢hé Complex ProjtAm4t' lo malntyin a lep'el of r¢eLllYQttI Cos￿. It h$¢l¥)*ma4thall tethm IDI fll%vJry fir*lsii¢oJ)4xxsmllprwl fuThls ￿￿￿]n¢nt ￿Me)t0 iis¢lf. toucl)m8 itscTrphtsl. Mr(eOVEr.& bowthtsmatttwws•d￿eIoF￿¢n[ 2023 0￿￿r￿.'1.heF0vtyj•lJ0n hos ne8OtJatsoB fuE>L8 from World B¢nV$ WACA prwt (o its oper•ts¢Jyovcr 5 vears.. from ZU23 10 2027 Tk fiicj 1S¢UTreMh' prqwu¥a fNc->w-pkn¢loly ith the WA(:A proje(1 8m al￿￿￿er$In Gui Biwu. Tr WACA rKoiecl wp)rt its Jft 2023 lo •Jdiu(xTr. FothknhoTr'.I riw￿1 reyources by funds s￿h as ftom BI￿ REDDP Proj￿ {pbw l 2) and th¢ Dlu¢ Action Fund.PRCM cornmwjity ￿4ll1 Fff(wamm¢. effortsare alx) wKknway. t1￿ Intem8iiorl Uni(m f CorkcTh•uon ofNa¢u¥e OUCKpGEF7 ltturh J nts%' PToJffjk in 20L? ￿ill streams thai Mll invo￿¢ th¢ fiOUEKlaiiM &tKt implcDKrrfatioo pha for NnbJwE otr￿ FIDJ¢¢i REDD+ Ilovwyr. Bowd Is that cam be <hathDtsc on a giobfyl xale atyj GllD imw OD the FO￿d￿￿On. Ir u kst of sts8bJ5Lts" STATEMXPIT OF TRusfEES RESPONSVBtLfTIES The Tn]stees are resp￿1)Ie for Pr￿￿l￿O the TnLrft¢¥ R¢FThi ar¥1 tre fIt￿l$l 5taECnl¢TJLry in accord￿ Mth appliub ComFwy1a￿ reqwTry thTnsses fi￿￿￿[al #al￿r￿ents f(Ypb w*och￿ta f￿￿K¢W of the of a(f4w5 of Cl￿tab￿ of tk aTrJ applK4tsob of ￿$0￿￿¢& llrlulin8 the irnome 8Th1 e￿￿, of eknitsble ¢¢M1￿ forthu YeBr. ]0 ststhents, thc TDJstees atB requwcd ￿. S¢lrfi $￿tab]r ac£LxW to￿"¢jeSs￿l IbeD ewly Cihkws￿￿. IOQ3

BIOGUINEA IIOiTIiDATIO TRusfzES' Ar¥r4UAL REPORT FOR IHE YEAR EY4DED 31 DECEMBER 2021 (CONT.1 ¢otnpan>' con¢mu¢ TheTr￿￿t¢S aTr rEspotisiblc fLYkwu)gJYowracL0m)tin8ff￿rd$thètdi￿lo￿ ￿]threa￿&blC )ccurnc}' ai 8Jw lime of the fIr￿r￿1￿ posilLI)n ot cknitablc ¢L￿F•￿v cnabje thtm to tloi r]DaTxiaJ t¢m¢nts complTr with the CoMF￿￿e5 Act 2W Tkn" aTE re5wwThk for sBfwwdllJ8 tre 88sdsoftl¥ ctm'thk e4)mpth>' and fort8ki In so far45 thr Tnk5trtsar¢ avJ8 a) is rto TekvarrtmfonDalMJn of clxrrtable compws atkli&)ris &Thl b) th¢TnLWts knve thkenAll ￿ JWS tlw. ou8bi ￿ I￿￿k¢￿ to Ihtrnxlirs awar¢of•ry rd¢4ffjnt infcrfmatioo and to ¢thbiLsh thil tr¢ athlll1¥5 IA mfonnatU¥L MEMBERS. LIABILrrY Th¢ M¢mb¢rs ol the ¢(¥>)P>y8u•rnlet lo £J to dwi.ly in the ¢ven¢ of& wmdtiJ8 Wl 415A ofthc Compall￿. Aol 2( Thi's Tepcffl appTovgJ by Tnwtts on 22 AI4 2021 aryj s1w￿l OD tlwr ￿￿￿1f.b)'. Paul RoE¢rt Si ChAinrthD of

BIOGuIf4EA FOUNDATfOh INDEPEfqDENT AUDfTr)RS' REpoKf TO YHE ThusfEES OF BIOGuIfiEA FOLTPIDATION OplnÉo We ha￿e authbl f￿￿Eal ofBI￿￿tta F£￿￿]￿tI¢MfOrtr vearended 31 tknber 2021 Thtiichcrxllprise stsmeni offmawutl AcmittE4 tty BalaTtt SttE th Sfattln￿(ofCath Flowsar¥STr)sio th rtitianc￿ eparati(>nis appIl￿b￿ Jai%. UThkd KI￿ Act￿ mduthJB FiYKM7uI Rewitll￿ StsndÉtrd 102 77Je FI￿RY¢r￿1 R¢ptrThng appb'cable in dbr UK Rtpub& rffrelthd (Umt&l Km8thth Generauy Aocern Attountirg PrdaiC¢) ve a trt￿ ard fair i'w of the smte ￿￿"thb￿ ¢omFW'S affairs as 013) 2021 and of thr ¢MTitabJe t￿npony'S in the it￿ne8rd for the ye8[ dweThlc<l: Bs1¥ for oplnktn weCond￿ted0ur8wthl ]naecLY&nceMryth lthrntiorA] Sknhrds tUK)USAs (UK)}andapplIcablel￿V (hr reswnsibililie% UTthr skn arr turtiw A￿]llOr % wsiknlitses for li a￿]11 ofthe fuwKio1 stai•m¢nts of rerM)rt We are oftr cl￿￿!. its I￿1b Il TEtJuuunents Ihji are re￿.attt io our a￿11 o(trt flnar￿1 ytamcNs in th UL the FkC'$ EitrllcAI aol Iwe fvlfjlledow is And 8pPT0￿11 147yowde * iw"s for In authung finujw￿l w¢ knt¢ ¢(oKIth tru#tr¢'$ corn ofaccowiD8 B•so(È on tr work" httve pwti)rthrf trAvv tM)i ¥jentsf￿ w. mllternl ￿1&111￿ In or cotslitions thtLU itsAividunlly or ￿ll￿tIVely. may ¢asl doth the chdritsbk ¢ompny'¥'$ 4bJlits' lo ¢ontinu¢ as a ¥oJn& (hjr re4)wtsiknILlyJs aud th• of th¢ Kith to oJfrArn aw dwiw in Ritvant se¢ti¢)ns ofthi8T¢P)TL Other tDfonDatlo oxtcnt othomyo ryljcitly our WAX4 w¢ do aryy fo￿ orassW￿ ¢uttlwion d￿rA)ll. c￿￿51der wheiher the otkn is ￿￿¢nAll) iT¥XmSttnt tr aatrmems cff ow kTh)wl ohloin¢(i inthe a￿￿"[Or01￿1SPaP￿aJ5E0]￿ misthtrll Tr￿ thdrf), Uonsb¢no¢sorap￿renl matenAI missi&temenl4 arr Trqwrrd to lI￿e is & malW] mwtsm¢rt In fina￿)￿1 8tolt4ncnls or a mal¢Tio1 ini$4&iemeni of the Inf+)rt￿lOfL If. L¥J the work" Iv¢ ¢thKlude that th¢￿ 18 a m2leri81 mis8iafem￿luftrO$thllI[on￿￿ wE•tETrquur4 fL WeknEnotrlln8 Lu Tep)tt in this Jyd. Op5￿10￿$0￿ othermalttn prtKrJW by the Cvmw•kJATI 1•16 Pu￿9¢$•fe￿nrAM. ]aw) fw the fllwrial yeaT frr Nbi¢btr prrywtd as conxert M*tten TFhtcb we are req4¥red to repBrt bj ￿tep$kj

BIOGUtNEA FOUNDATIOli Ir4DEPENDEThT AUDTfoRS' REpoKf TOIIIE TRiL¥It8S OFBIOGUINZA FoirrwTtON (¢otsthiNedl We hwe nothiD8 io rejkn ofÉir mattsJ Act 2(￿ reqllUE5 to lo vou if. in (xjropimim. &dequaic Txords trtn b!. thc clwi.tsbk ¢omJw: h5V¢¥￿ Trteivcd ell ￿ mfonDAiiC￿O¥j Teqw¢for¢Jur a￿. or the Ey)tcntslled io UJ xcorda]v i￿11] thc ￿all tCgiEne Rtptsttilbili￿￿ ot'truiteu for the fi￿nt￿l stt¢meDts AseliplaLtt¢dmuTL' fulll ￿11 In￿ responsIb￿lieS I0.￿￿k￿(w￿4re alwth¢diredc(s Cl￿nt￿ble comw fordx oleL¥npJny JaM')aTr wKLblefor P￿ fE[]Hw￿l 5tatetheths forbciD8 S41i¥4wd tFotth¢y' 81￿￿ ￿alld fa]rvi￿￿. arwj lorAthirAffl￿l wntroiasth¢trUdeeqdeknio¢ 1$ rcessary' In preparm8 th¢ fu￿n¢￿1 tywe$a￿ fora$8ssw8d% ¢￿￿tableC0m￿.1&￿.l1ty w cortin 8Vi4E thxJrtsiri8. J Th¥tiers rdatr4110 8OJJJ8 tts)£tm usD¥ 8OiD8 COW4¥ll ol &t￿￿n￿n9 tr￿￿ttS etiF¢r (o114wdate cw•Jry OT (o or h8Vt w realistsL aitsrnbttve bji ￿ do w. Audltor's r¢stM>n#lbllltki for (&e udlt of th¢ ittetheuts Ckn 0bie¢tt￿s are to Obththr￿JnablÈ1￿￿Jbx the (M￿￿1a1 atom¢otsts a Mknle 41¢ ffft frcan mat¢ri&l miwi¢m¢th.wlwhrdw to fra￿a￿￿or,41￿l ￿ isRf•Da￿i￿,$T¢PrtthQIr¢ltho￿0PEnj0Tr R¢u50nablc astswanct 18 i ￿.￿h Iw'el of O&%Lrnre. iswi 4 #xtee th&1 anath actsyda￿e with ISAs(IJK) I￿11 al￿•v$ del1 o matcrwl miulotttn¢ffl il rxJs M1￿ul￿net)ts ¢¥n 8n from rTh￿l OT ermr and consid¢r¢xl malerial ir. di17d￿lty or ￿ the a88[e￿￿. W could te ¢xpthl the de¢LA￿￿ of takeno the ba818 oltheo¢ fwffjrKial swemttttL ]rr¢¥uioritsr¥. Ind￿]￿¥￿ fra￿1, we 17ty4￿¢s of rme(￿p]W￿ le8ulat￿. W¢ deBn wmxdures m lin¢ wiihour respoiLqbilittc4 o￿l￿d •bow. io drts%i matenat mtys¢tttemKs in T¢W of llre8Ut8riti4 ￿lld. The exi¢ni to whlch our pnknart t4￿bk of(kntU4 fT¢8ulanUe& fra￿1 is ¢knaikd FKIow' Bft9•d on ow oflk¢ ¢h&n"tptAe aDd th¢ in MthJ¢h yl oFxntes. ththified thai Iht ￿1rI￿1 nsk$ o( D)n<omplthrte with ￿w$ aNI Tcl&t¢d io re8datoTh' r¢qutr¢mcnls ofthc Charn}" LoMmis￿l)s4 &TKI con¥id¢rrd iheex(emiowhi¢tLnorfrwmpbm mJ8liknfc8malend effc¢toatht We8Jso¢oMdend Ihoge lows pJ¥J tENulatsoroth&t a th'itt¢ unF•cton * FffeFér￿ of stywm¢nts 8wha$ the CbArit2e5 A¢t 2011. COM[￿1￿5 A¢1 2(X)6&rd w)YoM tsx¢& We eval￿ted mmwi's cq)rxmuntDes f(w (rnwJul¢rt ol tr %tatrnients ihe risk or m4wement bios in certain j￿18eMfZM9 a8 Ile rtt<8DLuon Ex)Jith' applied t¢ end kTxI Ide￿IfYIn8 &nd 125LiT¥ txttscul•rJ¢xuro1 pJ)tii¢spotsJ acc(MJM t(mbirntic4 PO#u bTr" Unus￿4[ or (ks¢nptsorLY. Reca￿Oftl￿ uJIreNl￿ts1x)n80f•1tym lsansktha1￿ iltTh)tkndl Ur¢8ukn"ti￿ Inc]￿41r￿th￿lC lo a M￿¢￿41 In￿[81&￿t￿l in tke Trttsiisk itiCTew4 the MOK c(rnplwT￿ ifvith a law vr regul&tton Is froJtL the ¢￿¥S al￿ frnwdtons TEn￿ted m thc finHnci81 stakmejts. as ￿71] IK l¢$ lJk¢ly ts) bvLaLe aWaTe of iE>8rKts ofrKtrtompls￿tt Trt Tjsk is al%) ]ttegu]arsts 13123

BIOGUJNEA FOIJNDATION INDEPRNDgPn AUDTIDRS. REPORTTOThE iiiiisfEZSOF BIOGUINEA FOUNDATION {co•tlllthed) llLiryrescniatsLvL. A a￿￿pt￿n ofow t¢sp)rthbdits foT the 8tklit of frthyial ststrrL¢ntsis I(￿ on the F￿&￿Id1 Rep CouTJI'$w¢bsiteal'. . Th$ de￿n￿1)ll foTm$POrt olout a￿lI10[.S r¢wL Us¢ ofour ￿POrt Ths 1$ ma& sokli ￿ the cFArNable cmpaoy'&Tn¢mLErs. in ￿ ￿the1Mpter 3 ofPart 16 of Compruw Ad 2￿6 (kn a￿]it w<k ba3 thak K W8ILt clwL"tsble companfs members tbosemdtters TEqurwJtosratets>tkn UjanAudi￿SYeprtauI forno ￿le[p￿pose. To the fuuest e¥t¢llt petmilled by knw, do n9tacworass￿￿ert¥X)￿bIJty ￿8￿>￿t￿￿k0￿chmthb1¢CQMp￿ d¥yntabkcomp￿1 members as a ¥xyly. for tyulit wvrk. for tFd8 reixK or forthe optt)EOD5 h•v¢ fonne Ho4¢r {Sem'u Staw For aTrJ on irhalt'of l.Je1￿8¢ints'rf LLP. StsbAOry A￿l￿Or8 10 Strtet PLqce Lordon EC4R IAQ 31 August 2022 Doi¥"

BIOGULNEA FOUNDAT10Tr4 STATEMENf OF FJflANCIAL ACrIV￿ FOR YLaR F14DED 31 DECEMBER 202k Fun Tot812021 Totsl 2020 INCOME AND ENDOWMENIS FROM Project knthn8 Investyert Ittome TOTAL INCOME 429.553 101218 13.1)93 IlSJll 531.771 202.930 2273) 2￿,657 429553 544.864 EXPENDrruRE ON RaisJn8 fiJrtd8 Chanlabl¢ d¢v￿1￿$ (42.289) (42.289) 183.130) 210.486 289.8iO NET (EXPINDmJR%V INCOME BEFORE GAIF48 ON INVXSTMKNTS 367571 (33.193) 334J78 (89.1931 (hins on uivstmerA8 406,789 170J94 NET flOVEMENf IN 3(77 71 21655 3.141.454 TOTAL FUNDS AT 31 Dèc•M￿r 2D21 1451.743 4J27 121.752 4.02lf22 3,222,655 n¢nl hJrAIs Tkne no k}￿ fort1 )Y8rexthl 31 Detemir 3)21 •tylyetrothl 11 20200th than tly)se siy)wn ￿1¢5 OTAP8es l9ts) 11 frJ))I pw1ofl1￿

BIOGUENEA Fouf4DATION BALANCE SREXT AS AT 31 DECEMBER 2021 31 DEc¢mt¢r 31 Dtcemher 2112 Note Fixe4 34J71 3531986 18.610 3.069,290 D¢￿01$ CashAttFe 171 176.019 482,122 CREDrroRS' amount witrin0￿ )r•r (25.657) (41.465) NET CURRENT 546.465 134,725 TOTAL ASSET8 LESS cuRREr￿ LIABILTfiLS 3 222 655 CHARrrY FUNDS Restncl•J f￿￿S unrestr(￿ fittkls 49).327 121.752 3451.743 82.756 154.945 2 984 954 655 fJnarnw] Jthtatt¢rsiwr¢ qorowj ats1awl￿Oea foTi by ¥h¢B￿l￿OI¥j 22 August 2022 PBUI Rotffi Si Ch8man of the Il¢xrd ThxK¢$ Q)n p8ey 19 &) 11 Fim Iwl ComFony Rw'J8tson No 7574245

BIOGUINKA FOUf4DATION CASH FLOW srATIm￿ FOR THE Ef4DED 31 DECEMBER 21121 N¢t llow$ frojn Dptrdlkng •c¢lvltks 52&025 (S3.1(￿) C41h frotn IbveitlDK Nel investillerrts a¢qLnred (997.727) P￿¢￿$¢ of Ixopert.I'. pl￿1 £tod Net tuh provl&d byl {uJ¢d In) IDI.eAd￿ erfvttl¢¥ (25.Oli) (21.922) {997.727) ca￿ movem¢tyts tht yur 3(%5.103 833 Cash aryl r4sh equivakths It of tl 176.019 1.226,852 4￿]23 J7A019 Rteobelll•tioB Df D¢1 movement ID Net movemert Net on Inve&mont5 801.167 {40&789) 81201 1170.-1941 9.181 (15.￿) 27.077 328,ft11 ADlyili of ￿1￿ iDd c*th eq￿nIents Cash ￿[d ai 122 176,019 481122 17&019 17121

BIOGUINZA FOUNDATIOFI PlfyfESTO THE FTr4ANCIAL ￿ATE￿￿Th FOR TItÉ YLIR Ef4DED31 DECEMBER 2021 AcCOuNT￿G POLICILS 1.1 ￿]• of prepantltsn Df fjaanci¥l st4temeDts Reprn Starklllrd appI]￿b￿ UK aTKI Repthlic of l¥rlgnd- (chart￿ SORTr IFRS102). seeormj ￿1)llon ¢ffetttve l Janw 2020), tlr ￿n&T￿1R￿1Jng SiaDdatdatTtrlxat4¢m th¢ UK a￿RePubb¢0r Ir¢land (FRS 102) 4Th4 th¢ Cotrnptbes Aet 2( The ¢h&ntv meets the ora Put4￿ entiiy FRS 101 liabihtra ￿ initi8lly rwnz¢d at Golwg CoDcerii The B¢8rd of1'n￿e¢S is ofthe r4)u•on th&t tl ￿￿￿"ti. hL8wieresMrn ormxaiioMI exi#2tKe for thB fornseeable tkn rK• motK7iai ￿¥<￿￿11¢5 r¢Ba￿ ts Tru￿5 abl]1￿ w do $0 as pa8¢ 10 1.2 Cott1￿0). status The c¢xTr￿ny 1$ a ¢¢fflpany bmited lry 8￿￿￿eaTh3 thx8 Mi slMr¢ capithl. Ill LI'K otthr COrnFony ￿1r4 up. ts IMi¥htv inr4￿or￿￿Ua[￿￿I$ lunit•l to£1 wm¢mbBrof thecompony. General and oFTatsonaS are fitTrJs wFn¢h4Tr availahle fu use thwettsxi ofthÈ TnLtsJ ÈD Dvsi8rtLted eothms¢ fu￿ I1￿ hNve wide by the of Tnjsttts for partLcuitsr pwPO￿S, Tho alm and ￿ 0f￿h d¢￿8Th￿d furd 8re Id En th¢ &at¢mus. Board kegtndd a¥e udinxcotdw MilhsF￿f￿ ￿￿)¢110rd Impo￿ bi. donorsor ￿th1¢h ¢hT8¢d A8ain5t ilJML Th¢ of cach rexrthl fityl •JE in the rp)tcs io the finwKEal sknttment the Chonty Imiil it ts fv]ly orrol in¢huJed rtteii'abje afyl trte•AThl thb￿" bv e4KDpm).. Is nm8ily wo m￿lfi¢StiOn ofthE illte￿ or w•bkbi' dxt BarlL. 1.4 In¢oM• Ail m¢om¢ Is ￿￿t￿1rd uj the sl&wnenLofpirnw￿] Acuyiim WI￿1￿ le8ally et¥rtlry] to the Donad tho111￿5 &re altr ttcomtw" wlm thJJ¢all thwdpllTty 18 cth<. Np JTrounLi arc trLltsleA r]ThIK￿] xemeots for by volw)￿% ¢SLimaLe of the fina￿al wgt b)rn¢ bv di>￿ ))2t is 4￿￿￿able at¥1 me&%uTrble. Ne J]m¢ is IW23

BlOGu￿4￿A Fouf4DATION NOTES TO ThE FINANCIAL STATEME￿% POR THE YEAR ENDED 31 DECZblBER 2021 (continued) Inc(xne tsx Twernbl¢ In ￿1￿￿(0 io don•tsa￿ ttcthved utKltr Gth Aid or deeds of covwt at the t￿e of ts (5oDatioTr Ir￿e It￿￿Er&b￿ ID Tel&tson iti¢(BnE i5 wized ai time the v¢sThi¢nT uwue is I￿VEtle. 1.5 Eip¢Trditure all ctt%ts fordilociliontrj acthitie& VlTr¥eeoststaunot be ¢JirerAi5' A￿lE￿tt￿l r&) tiw bav¢ aU{Ka￿l (x) a ¢ots¢aA the of rt¥)WC¢S. 1.6 Titlon 1.7 Tanglble Ilxe41 Jti TBuwbJe fiY¢d 45¥¢¢¥￿r st•wd8lctyi lea5de￿.￿lLQ tkpraat￿18p￿￿Jed¥iTak#c￿lEU1u1ed to wn off Furnit￿ fittJ¥•r¥l 4u•-3 yo 1.8 Eitlmates ADd Judgeweut Eslttnales artd j￿1￿C￿e￿$ e tovtuwlty ¢thied 8nd on ¢xwie]¢ ar&] other ftt¥iors. iticludin8 CXPCettstsosJs of CYCM8 thot ere rth utthttrc AltFfju8b tk¢se ¢l¢unale5 UTe Imjsed on the mLe4 b)o￿ltd￿¢ of arno￿￿ eveth5 ty aCul￿ 8cTrMI nstslts ￿tImate1V diff from ihex eimntes. Tr truAee8 do tw col￿al¥ be atty #Jm4t¢J aTrJ judFLllenis whth mav have 4 1.9 FlnxDclal IDitrumeDts Tr Chantj. onlb ]iiixii￿s of a th•1 qwlify as￿$]¢ fiti8rn>91 irthknm)eDts. EIAsic fmattcial LTLtr<nK mde •Thl other deb*n Cr￿.￿1$ ￿¢ am¢Jall)' r￿OgDAz￿ at IMn8&ctJon atxi suTr￿U¢￿1} ￿t8￿ed ai iFA"r getde4a44 ￿u¢ The t￿r￿)ll0 of in￿ents knld by th¢ chority is cluded at f8Ervalw. ANALYS]S OF INCOMK 2•21 MAVA r¢ofvt .191 412 13.093 j24.yn 78.028 (12731 In¥esb))ert irnome Total

BIOGuifqEA FOUf4DATllOI4" NOTES TO 117E FINAfqciAL STATEMEffTS FOR THE YL4R EI4DED31 DECEMBER2Q21 (¢ont¥nued) COST OF CHAR￿ABL£ AcrKvrrrLS 21121 2• DLre¢l costs. Corwltsnts Dwect costs. OtlL 105.775 45.289 59.422 108.5¥1 132.861 4&402 Tot•1 210.486 289,8￿• 2020 Staff costs S&lano5 and wo8es Jal ¢0 36.426 5.716 26.936 18.3Y4 Totsl 142 SUPPORT COSTS Costs Ollke Costs co 21 CoDsult4 CoJ¢J Ollke Ca GoFernaknte Chttn¢able uciM¢ies 14 19 14 The avern8ernmkn ofemp>)yxsofthe CFAn'ty trrtye8rw￿212￿1O. 1). ia•l be￿ri￿ oftrKey maTrI8an￿ oftr ￿re e99.678{2020. E88316). Tr key m&Y•g¢mcnt p￿￿rI com￿2¢ 8c¢rW FirnI￿aL & A(Imioiar•ti￿ orriLW. No ￿pI0v￿3 i). 2•21 9.182 14 201ZI

BIOGUINEA Fouf4DATION NOTFST0171E F￿lANCIAL STATEMKIrtSFOR THE YEAM FMJED 31 DECEMBER242I (wnt&DYt¢dl 4. TANGIBI￿ FIXED A&8ZT&. fita￿£S 8•d At 01 Jantmry 2021 A￿l￿or AS 4t 31 D￿tsb￿ 2021 70.084 95.099 D£PR£CIATION Atol Janufry 2021 CbIT￿ of the vear As at 31 Dttthnl)or 2021 $1.444 NET BOOKVALUE As 41.3 J ?￿7) 372 A5at 31 Ljgx4nb￿ 2(I20 t3J tlet•ib¢r X121 Ait31 DecembBr 2010 As1 l kn￿￿2(￿] Additsthl% rhswJs&Js Net inNrskneni mark￿ vahje llt 31 tkc¢mFrtr 2021 l(W2 I.￿j.169 2,9Y)1,169 (l.Y)l.l69) 16 121 (3.093) 466.789 31 Dtrxthb¢r2021 1rt076 I901.169 As•t31 Deeember J12J Aiit31 De¢emJxr 202D I￿vejIMe￿I$ comprtst F.quities ￿ld alfw￿￿ Lash ￿. marABer&t 323q745 2,935.W) 10? 241 DEBTORS: Al t 31 DÈréryber Ai gt 31 202(1 171 171 21FLI

BIOGUJJ4EA FoufiDATIOli NOTESTOThE FINANCIAL sfATEMErtTS FOR THE YEAR ENDED 31 DECEMBER 2(12E (contknwedi CREDITOR&. A5at 31 De(tmtr 21 Ai 131 LknknbEr 15.822 9.835 15.869 25596 41.4&8 ￿ATEm&fIT OF FUNDS Brought ForYrd Inco]n¢ Crrl¢d Forwird ExpeDdhur 19W954 82,756 li4.945 RcStr￿ted f￿￿15 Unreslnct&l fjJE¥Js 3.451,743 450J27 121,752 429.55i (61.9821 TOTAL io BroKht ForvKW IDtomé dpl Expen￿￿ Porwrd Endowryl fiTh15 R¢tyictrd funds 1814.5 Ir7,7 239.194 3 1414S1 170J94 I24,￿￿ 75.755 371 2,984.954 82.756 154945 (129346) TOTAL The b8]8￿¢ on T¥4ricd fimd8rn dLwr.futhJ f<rM4lleh ¥yxneeNTthtyn u 8tÉil DJ¢urrrA ANALVSIS OPNtT ASSM BETWEEfq FtJNDS Emdo•d Rtrtrf(t•d Unr¢itrkted Tot￿ •t31 December 2121 Fixd Assets Cutrent as*ts Cr¢dllLYS". wilhmone ye•r 3.451.743 115.614 31.795 (25.657) 1.567.757 482.122 (25,657) 4SV27 TOTAL 3451743 ￿27 X•dowed R¢stri¢ted Unrutrltted Total •t 31 D¢temhr 21120 Fix44 A￿ts 2.984,954 102.976 93.434 (41.465) 3.087.930 176.1 (41.465) 82.756 Cr¢diiws: dtr ts￿Y TOTAL 82.7 3221fJ55

BIOGUINXA Fouf4DATION NOTESTO THE FINANCIAL sfATEKEpn3 FOR THE YEAR Kf4DUI 31 DECEMBER 21121 Icontiuvd) ENDED 31 DECEMBER 21)20 Total 2020 Total X119 Ntrtes INCOME AND Etyjo￿l donation I¥oject ftmdll Imiestmeijt i.W).O(KJ 393.739 124.9)2 7&tr28 73 202.9J) T(yfAL INCOME 1249D 75.753 2(k).657 1.48Q348 EXPENDfcuRE ON Rm'8in8 funds (83.130) 8i.130 Z64.1 264.199 TOTAL EXPENDfniRE NET IEXPIP4DITUREy INCOME BEFORE GAINS ON INVEWhlENIS {4.9 (84349) (89.193) 1216,149 J7Q3 r4ET MOVEMEfryiN 170 81 1366.734 Totd fmlard T(rrAL vuf4DS AT 31 December 2020 14 3 141454 l 774 720 954 3 141354