CERF QUARTERLY UPDATE 1st Quarter 2010

Summary

- The first quarter of 2010 was the busiest quarter in CERF's history. Some US$177 million was committed before the end of March 2010. CERF is more than $50 million ahead of last year's pace and nearly $25 million ahead of 2008's pace, when CERF disbursed a record $429 million for the year. While 2009 was marked by a relative paucity of major natural disasters, the first quarter of 2010 saw CERF respond to the effects of natural disasters in Haiti, Chile, Mongolia, Bolivia and elsewhere.

- Jefferies, a major global securities and investment banking firm, become the largest corporate donor to CERF to date, with a generous contribution of $1 million in the immediate aftermath of the earthquake in Haiti. PricewaterhouseCoopers (PWC), the Western Union Foundation (WUF), the Abu Dhabi National Energy Company PJSC (TAQA), Alexander Bodini Foundation and Baha'i International Community, all of whom have been consistent corporate donors for CERF, also made significant contributions this first quarter.

- Notable new private donors for 2010 are Skanska USA Building Inc., Latin American Development Foundation, Bilken Holding AS and Daystar Christian Centre. Generous contributions have also been received from a Korean fan club of Kim Hyun Joong, customers of HSBC bank and employees of Endesa Group. In addition, CERF received numerous donations from individuals, totalling more than $39,000, in the aftermath of the earthquake in Haiti.

- In 2010, CERF has added six new Member States and one Observer as supporters of the Fund. The Russian Federation ($2 million), Ukraine ($503,000), and Singapore ($30,000) made first-time contributions. The Central African Republic ($197,000), Mauritania ($3,800) and Madagascar ($2,000) also made their first contributions to CERF in 2010 and joined the growing list of 32 countries that have both given to CERF and received funds from CERF. A total of 118 Member and Observer States have given to the Fund since its inception.

- Several donors increased their contributions in 2010, including Norway, Belgium, China and Japan. The United States reaffirmed its commitment to CERF by doubling their 2008 donation of $5 million to $10 million in 2010.