VerifAvia Receives ISO14065 Accreditation to Provide EU ETS Verification for Aviation

VerifAvia is Now Approved as an Aviation EU ETS Verifier in 20 European Countries

PARIS and LONDON, November 3, 2010 - VerifAvia (UK) Ltd announces that it has received ISO14065:2007
accreditation by the United Kingdom Accreditation Service (UKAS) to provide
greenhouse gas (GHG) verification for the aviation sector under the EU
Emission Trading Scheme (EU ETS).

The ISO14065:2007 is an international standard that specifies the
principles and the requirements for bodies that undertake validation or
verification of GHG assertions. This standard is used by most national
accreditation bodies, such as UKAS, to certify companies that want to provide
EU ETS verification services. The accreditation is also carried out in
accordance with the EA-6/03 guidance document prepared by the European
Co-operation for Accreditation (EA) to facilitate a harmonised approach to
recognition of verifiers under the EU ETS Directive. The EA-6/03 was updated
in 2010 following the inclusion of aviation into the EU ETS.

"Being accredited by UKAS is a major achievement and the positive outcome
of a lengthy, complex and costly process. We have had to design and implement
a comprehensive quality-based EU ETS assurance management system that is in
compliance with the ISO 14065 standard and the EA-6/03 guidance document. The
system includes standard operating procedures for each step of a verification
audit, as well as procedures to identify, select, train and evaluate EU ETS
auditors; procedures to control the quality of the system; procedures to
handle complaints and appeals; procedures to ensure the independence and
impartiality of verification audits," comments Julien Dufour, VerifAvia's
CEO.

Since January 2010, the 2,500 or so aircraft operators included in the EU
ETS have started to monitor their aircraft emissions and tonne-kilometre data
according to their approved monitoring plans and the EU ETS regulations. The
annual emissions and tonne-kilometre reports must be verified by an
independent accredited verifier before being submitted to the relevant EU
competent authority. The aim of verification is not only to ensure with
reasonable assurance that the reported data is free from material
misstatements but also to ensure that the procedures in place conform to the
regulations.

"So far, more than 20 commercial airlines and numerous non-commercial
operators have signed up with VerifAvia or confirmed they expect to select
VerifAvia as their aviation verifier. UKAS accreditation is a key step of our
development as it opens the door not only to the aircraft operators
administered by the UK but also to the aircraft operators administered by
most other competent authorities," adds Dufour. Indeed, most competent
authorities said they would recognize foreign verification bodies that are
accredited by a national accreditation body pursuant to Regulation (EC) No
765/2008 and the EA-6/03, which includes UKAS. Already approved as an
aviation verifier in Bulgaria, Cyprus, Czech Republic, France, Germany,
Luxembourg, Malta and Wallonia (Belgium) through its French entity (VerifAvia
SARL), UKAS accreditation allows VerifAvia (VerifAvia (UK) Ltd) to be
approved in Austria, Denmark, Greece, Ireland, Italy, Latvia, Lithuania, the
Netherlands, Portugal, Romania, Spain and the United Kingdom.

The verification always includes a site visit unless the verifier
considers it can be avoided, but in this case the waiving of the site visit
must be approved by the relevant competent authority. In the case of small
emitters using the simplified procedure to monitor fuel consumption, it makes
sense to waive the site visit. So far only the competent authorities of
France and the UK waived the on-site visit for small emitters. While the UK
Competent Authority considers that the site visit for small emitters is not a
mandatory requirement, but may be required if appropriate, the French
competent authority says that a site visit is not required for small emitters
under certain conditions.

EUROCONTROL is currently finalising the implementation of its ETS Support
Facility which is undergoing BETA testing. The tool should be approved by the
European Commission and will be accessible by the operators, the verifiers
and the regulators. The tool is expected to facilitate the monitoring,
reporting and verification process in particular by allowing the verifiers to
have direct access to the list of EU ETS flights operated by the operator.

About VerifAvia - www.verifavia.com

VerifAvia is an EU ETS verification body dedicated to the
aviation sector that provides flexible, efficient and cost-effective
verification services. VerifAvia employs a team of aviation experts with
extensive EU ETS experience who have received professional EU ETS
verification training in the UK. The company has a presence in the UK,
France, Germany and North America, and employs auditors who can communicate
in English, French, German, Italian, Spanish and Croatian. VerifAvia is an
associate member of the European Business Aviation Association (EBAA) and an
affiliate member of the European Regions Airline Association (ERA).

Media Contact: Julien Dufour, CEO, Julien.Dufour at VerifAvia.com , Mob. +33-665-697-489.