This addendum contains the following six parts: (a) A funding proposal summary titled “Arbaro Fund – Sustainable Forestry Fund” submitted by MUFG Bank, Ltd.; (b) No-objection letters issued by the national designated authority(ies) or focal point(s); (c) Environmental and social report(s) disclosure; (d) Independent Technical Advisory Panel’s assessment; (e) Response from the accredited entity to the independent Technical Advisory Panel’s assessment; and (f) Gender documentation of the funding proposal.

These documents are presented as submitted by the accredited entity and the national designated authority(ies) or focal point(s), respectively. Pursuant to the Comprehensive Information Disclosure Policy of the Fund, the funding proposal titled “Arbaro Fund – Sustainable Forestry Fund” submitted by MUFG Bank, Ltd. is being circulated on a limited distribution basis only to Board Members and Alternate Board Members to ensure confidentiality of certain proprietary, legally privileged or commercially sensitive information of the entity.