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CARBON (€/T) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 3/46/4FROM THE BEGINNING OF THIS YEARCO2 EUA DEC 2026-71.69--0.4977.4292.2463.65CO2 EUA DEC 2027-74.27--0.5679.7594.8065.92CO2 EUA DEC 2028-76.84--0.6182.2997.7368.21UK ETS DEC 26 EUR 47.55 47.590.043.5459.8984.0240.13UK ETS DEC 27 EUR 50.11 50.150.043.6162.6087.6142.32UK ETS DEC 28 EUR 52.76 52.800.043.8165.6291.4644.79European carbon markets remained quiet amid the temporary trading halt, withthe EUAs expiring in Dec-2026 closing at 71.69 EUR/tonne.CO2 EUAEXCHANGE RATES FRIMONVAR D-1 VAR W-1AVG.MAXMIN 3/46/4FROM THE BEGINNING OF THIS YEARRATE EUR/USD1.1515 1.15410.00260.00571.16891.19741.1476RATE EUR/GBP0.8727 0.8720-0.00070.0040.86870.87630.8616RATE GBP/EUR1.1459 1.14680.0009-0.00521.15121.16061.1412The EUR/USD pair inched up by 0.2% to 1.1541 as easing safe-haven demandfor the dollar followed reports of diplomatic efforts to stabilise the situation.Despite continued threats from Donald Trump over the Strait of Hormuz,emerging ceasefire talks helped calm markets.The EUR/GBP rate was virtually unchanged at 0.8720 in thin Easter trading,with investors balancing escalation risks against signs of a potential 45-dayceasefire.

