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Case 3:07-cv-02590-PJH Document 68-5 Filed 04/13/2009 Page 4 of 33

TRADUCCION

APROBACION SUPERINTENDENCE

002140
Case 3:07-cv-02590-PJH Document 68-5 Filed 04/13/2009 Page 5 of 33
All redactions made on this page pursuant to
exemptions (b)(6), (b)(7)(A) (b)(7)(C), and
(b)(7)(F)

REPUBLIC OF COLOMBIA
SUPERINTENDENT OF VALUES
120/
Bogota. D. C.

Superintendent of Values
Filing Number: 200112-1962
Date: 03/01/2002 11:30: 42 a. m.
Process: 332 Administrative Correspondence
Activity: 11 FINAL ANSWER
Dependence: 120 Annexes : 0 MM 1112488

Business: 200112- 1962


085050
370 Authorisation Negotiation of Shares
11 Final Answer

Dearl

This letter refers to your communication received together with the information requested
by External Letter 14 of 1998, issued by this Office, in order to grant the authorisation
referred to by Article 88, Number 1, of The Financial System Organic Statute, which
applies to entities under the surveillance of this Superintendent, all of this according to
Article 64 of Law 510 of 1999, sothatl

may acquire 4.282.830 shares in circulation of the Company,


corresponding to 14.66%, 13.28%, 12.60%, 14.66%, and 13.80% respectively, which
represents sixty nine per cent (69%) of the capital-stock of the Company.

In this respect, I am informing you that after having studied the required documentation
based on Article 88 and the External Letter 14 of 1998, quoted above, this/Office deems
viable the acquisition of shares in the quantity and percental
Case 3:07-cv-02590-PJH Document 68-5 Filed 04/13/2009 Page 6 of 33
All redactions made on this page pursuant to
exemptions (b)(6), (b)(7)(A), (b)(7)(C),
(b)(7)(F)

Once the corresponding stock composition had been formalised, I am kindly requesting you
to send to this Superintendent a certificate, signed by you as Legal Representative together
with the Fiscal Auditor of the Company, in which the new stock share composition of the
Company is indicated.

Sincerely,
Signed:

002142

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