DIRECTORIO

RESOLUTION OF THE BOARD OF DIRECTORS NO. 096/2023

SUBJECT: INTERNATIONAL OPERATIONS MANAGEMENT – APPROVAL OF THE REGULATION FOR THE PURCHASE OF GOLD DESTINED TO STRENGTHEN INTERNATIONAL RESERVES, WITHIN THE FRAMEWORK OF LAW NO. 1503 OF MAY 5, 2023.

VIEWED:

• The Political Constitution of the State, of February 7, 2009.
• Law No. 1670 of October 31, 1995 of the Central Bank of Bolivia (BCB) and its modifications.
• Law No. 1503 of May 5, 2023, Law on the Purchase of Gold Destined to Strengthen International Reserves.
• The Statute of the BCB approved by Board Resolution No. 095/2022 of October 6, 2022 and its modifications.
• The Technical Report BCB-GOI-SRES-DOI-INF-2023-24 of June 30, 2023 from the International Operations Management (GOI).
• The Legal Report BCB-GAL-SANO-DLBCI-INF-2023-230 of June 30, 2023 from the Legal Affairs Management (GAL).

CONSIDERING:

That Article 327 of the Political Constitution of the State determines that the Central Bank of Bolivia (BCB) is a public law institution, with legal personality and its own assets, which, within the framework of the State's economic policy, has the function of maintaining the stability of the internal purchasing power of the currency, to contribute to economic and social development.

That numeral 5) of paragraph I of Article 328 of the Political Constitution of the State establishes that the BCB has the authority to Administer international reserves.

---

//2. R.D. No. 096/2023

That Article 1 of Law No. 1670 establishes that the BCB is an institution of the State, of public law, of an autarkic nature, of indefinite duration, with legal personality and its own assets and with legal domicile in the city of La Paz. It is the sole monetary and exchange authority of the country, with administrative, technical and financial competence and specialized regulatory powers of general application.

That Article 14 of Law No. 1670 establishes that the BCB will ensure the strengthening of International Reserves so as to allow the normal functioning of Bolivia's international payments.

That Article 16 of Law No. 1670 provides that the BCB will administer and manage its International Reserves, being able to invest them and deposit them in custody, as well to dispose of and pledge them, in the manner it considers most appropriate for the fulfillment of its object and functions and for their adequate safeguarding and security. It may also buy foreign exchange hedging instruments with the aim of reducing risks. In the case of the pledge of gold, this must have Legislative approval.

That Article 17 of Law No. 1670 states that International Reserves are unseizable and cannot be subject to precautionary, administrative or judicial measures. Nor can they be subject to any state tax or contribution, except for quotas to the Superintendence of Banks and Financial Entities according to this Law.

That Article 44 of Law No. 1670 establishes that the highest authority of the BCB is its Board of Directors, which is responsible for defining its policies, specialized regulations of general application and internal norms.

That subsections a) and o) of Article 54 of Law No. 1670 indicate the following attributions of the Board of Directors:
a) Issue the norms and adopt the general decisions that would be necessary for the BCB to fulfill the functions, competencies and powers assigned to it by the Law and o) Approve, modify and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for any additional administrative act.

That Article 1 of Law No. 1503 aims to authorize the Central Bank of Bolivia to purchase gold from the internal market to strengthen International Reserves.

# DIRECTORIO

//3. R.D. No. 096/2023

and to carry out financial operations with International Reserves in gold in international markets.

That Article 2 of Law No. 1503 states that individuals and legal entities, public and private, legally established, registered and authorized by competent entities, who participate in the commercialization of gold, fall within the scope of application of the Law.

That Article 5 of Law No. 1503 establishes that the Central Bank of Bolivia will establish the conditions, characteristics, periodicity, limits and procedures for the acquisition of gold from the internal market, in accordance with regulation.

That Article 9 of said Law No. 1503 provides that the BCB will carry out operations in international markets with gold reserves, being able to buy, invest, deposit in custody, use in hedging instruments, transform and convert them into currencies, in order to optimize liquidity and/or the yield of International Reserves. As well as it must maintain a minimum of twenty-two (22) tons of gold reserves of the International Reserves, computable semiannually from the approval of this Law and based on market conditions and foreign exchange liquidity of the International Reserves, the BCB will take the necessary actions for the replenishment of gold reserves.

That Second Transitional Provision establishes that the Central Bank of Bolivia for the fulfillment of Law No. 1503, will establish the conditions, characteristics and procedures, through regulation issued by its Board of Directors, within a maximum period of sixty (60) calendar days, computable from the publication of said Law.

That numeral 1) of Article 10 of the BCB Statute provides that the Board of Directors has the faculty to approve general decisions and issue the norms that are necessary for the BCB to fulfill the functions, competencies and powers assigned to it by the Law.

That in virtue of the attributions conferred by numeral 6) of Article 10 of the BCB Statute, the BCB Board of Directors is empowered to approve the policy and norms of administration of International Reserves as well as to carry out follow-up of their execution.

//4. R.D. No. 096/2023

That numeral 30) of said Article 10 of the BCB Statute states that the Board of Directors may approve, modify and interpret the Statute and Regulations of the BCB, by two-thirds of the votes of all its members, without the need for an additional administrative act.

That paragraph I of article 24 provides that resolutions and decisions of the Board of Directors are adopted by simple majority of votes of its members present in meeting, except in cases where Law No. 1670 or this Statute require qualified majorities.

That paragraphs I and II of article 26 stipulate that the Board of Directors pronounces itself on matters within its competence through resolutions. It may also do so through decisions that will expressly appear in the minutes. Likewise, every draft resolution of the Board of Directors must be motivated and justified by a technical report from the Management or Managements to whom the matter object of the resolution corresponds and by a report from the Legal Affairs Management. These reports must be sent to the Board of Directors by the General Management with its recommendation.

That the Technical Report BCB-GOI-SRES-DOI-INF-2023-24 of June 30, 2023 from the GOI recommends to the Board of Directors of the BCB the approval of the proposal for the Regulation on the Purchase of Gold Destined to Strengthen International Reserves, within the framework of Law No. 1503 of May 5, 2023.

That the Report BCB-GAL-SANO-DLBCI-INF-2023-230 of June 30, 2023 concludes that in accordance with Report BCB-GOI-SRES-DOI-INF-2023-24, the proposal for the Regulation on the Purchase of Gold Destined to Strengthen International Reserves, within the framework of Law No. 1503 of May 5, 2023, does not contravene any normative provision; therefore, it is legally procedent, recommending to the Board of Directors of the BCB its approval.

**THEREFORE,**

**THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BOLIVIA**

**RESOLVES:**

**Article 1.** Approve the Regulation on the Purchase of Gold Destined to Strengthen International Reserves, in its Twenty-four (24) Articles, which attached forms part of this Board Resolution.

//5. R.D. No. 096/2023

**Article 2.** This Resolution will enter into force from its publication.

**Article 3.** The Presidency and the General Management are charged with the compliance of this Resolution.

La Paz, July 3, 2023

**SIGNED. ROGER EDWIN ROJAS ULO, Oscar Ferrufino Morro, Gabriel Herbas Camacho, Gumercindo Héctor Pino Guzmán.**

# ANNEX

## REGULATION ON THE PURCHASE OF GOLD IN THE INTERNAL MARKET DESTINED TO STRENGTHEN INTERNATIONAL RESERVES

### ARTICLE 1. (OBJECTIVE)

This Regulation aims to establish the regulation of Law No. 1503 of May 5, 2023, and the requirements for the purchase of gold in any of its forms and states, in the internal market by the Central Bank of Bolivia (BCB), destined to strengthen International Reserves.

### ARTICLE 2. (SCOPE OF APPLICATION)

All individuals and legal entities, public and private, legally established, registered and authorized by competent entities that voluntarily participate in the commercialization of gold to the Central Bank of Bolivia are subject to this Regulation.

### ARTICLE 3. (PURPOSE)

To regulate and establish the mechanisms and formalities for the purchase of gold within the internal market destined to strengthen International Reserves and define the requirements to commercialize gold with the BCB.

### ARTICLE 4. (DEFINITIONS)

For the purposes of this Regulation, the following definitions are established:

a) **Levy Rate**: Is the fixed or percentage value established by Law, which must be applied to the taxable base to determine the royalty to be paid.

b) **Trader**: Legal entity duly authorized, in charge of the commercialization of gold.

c) **International Market Quotation**: Price of gold in US Dollars per Troy Ounce, according to the quotation table determined by the LBMA, and published by the BCB.

d) **Official Quotation**: Price of gold determined by the Ministry of Mining and Metallurgy resulting from the application of the arithmetic average biweekly based on the lowest of the daily quotations for spot transactions at the London Metal Exchange, or in default, in other international metal exchanges, or in specialized publications of recognized international prestige. Quotation used for the determination of the Mining Royalty.

e) **Form M-02**: Document that constitutes a sworn declaration through which the BCB will report purchases of gold in the internal market to SENARECOM.

f) **Metal Smelting**: Consists of heating a metal until it reaches a liquid state and pouring it into a mold. The mold and the metal are left to cool until the liquid metal solidifies, at which point the piece is removed from the mold.

g) **Fine Gram**: Weight of pure gold obtained as a result of multiplying the gross weight of gold by the purity grade of gold.

h) **Settlement Sheet**: Official document of mandatory use issued by the BCB as buyer of gold, which must be incorporated as an annex to Form M-02. It must contain technical, economic and legal information of the gold purchase.

i) **Payable Amount**: Is that monetary amount resulting from subtracting from the Market Sale Value, the withholdings indicated by the regulations and institutional contributions.

j) **Loss**: is the portion of weight or volume that reduces gold after the smelting process.

k) **Gold Bar**: Gold smelted in alloy with silver or other metals to a lesser degree.

l) **Gold in any of its forms**: Is the gold that exists in the earth and mineral rocks, especially in quartz and pyrite, or may be dispersed in sands, gravels (alluvial deposit gold) and rocks (vein deposit gold) presents as small flakes, nuggets of different sizes and in minute particles and smelted gold (doré gold).

m) **Fine Gold**: Quantity of gold purity contained in a bar.

n) **Troy Ounce**: Is the international unit of measurement used to refer to the weight of precious metals. There are exactly 31.1035 grams in 1 troy ounce.

o) **Private legal entities**: Are referred to as Mining Companies, Single-owner Companies, Trading Companies and Exporters.

# DIRECTORIO

//8. R.D. No. 096/2023

p) **Legal Entity – Mining Cooperatives**: Are self-managed social and economic institutions of social interest without profit motives.

q) **Public legal entities**: Are referred to as State Mining Companies and State Trading Companies.

r) **Individuals**: Are referred to as individuals with mining rights or on behalf of a cooperative.

s) **Weighing**: Process by which the weight of the bar is determined.

t) **Gross Weight**: Is the result of weighing the gold accompanied by impurities and other elements before being subjected to smelting.

u) **Net Weight**: Is the weighing of the auriferous metallic alloy obtained after a smelting process, accompanied by other metals in different proportions.

v) **Fine Weight**: Is the net weight multiplied by the purity of the gold.

w) **Percentage of premium or discount**: Is the percentage calculated by the BCB to deduct or give an incentive on the international price based on the quantity of gold offered by the seller.

x) **International price per gram in bolivianos**: Is the result of converting the international market quotation in USD/Troy Ounce to Bs/g.

y) **Gold Purity**: Percentage that determines the proportion of fine gold existing in a given metallic alloy, obtained through an analysis by an accredited laboratory.

z) **Mining Royalty**: Is the monetary compensation for the exploitation and use of gold according to the levy rate determined by the Law. When commercialization takes place in the internal market, the gold buyer must retain 60% of the levy rate and in the case of external operations, the exporter must deposit and pay the remaining 40% of the aforementioned levy rate.

aa) **Withholding**: Is the amount of money that the BCB must retain for the withholdings indicated in the regulations and institutional contributions. The withholding obligation concludes at the moment when the deposit is made in favor of the instances identified as beneficiaries thereof.

bb) **Official Gross Sale Value**: Is the result of multiplying the weight of the fine content of gold by its official quotation, determined and published by the Ministry of Mining and Metallurgy biweekly.

cc) **Market Sale Value**: Is the result of multiplying the fine weight by the purchase price with incentive or discount, conditioned to the quantity of gold offered by the seller. This amount is the base for settlement to the seller.

---

//9. R.D. No. 096/2023

dd) **Gold Seller**: Individual and legal person; public and private; legally established, registered and authorized by competent entities, and registered with the BCB to sell gold to the Issuer.

## ARTICLE 5. (ABBREVIATIONS)

- **AFCOOP**: Supervisory and Control Authority for Cooperatives
- **AJAM**: Mining Administrative Jurisdictional Authority
- **BCB**: Central Bank of Bolivia.
- **IBMETRO**: Bolivian Institute of Metrology
- **LBMA**: London Bullion Market Association. International association of precious metals trade
- **SENARECOM**: National Service for Registration and Control of the Commercialization of Minerals and Metals.
- **SIN**: National Tax Service

## ARTICLE 6. (PURCHASE PRICE)

The purchase price is the product of the premium or discount applied to the International Market Quotation as established in Annex I.

## ARTICLE 7. (REGISTRATION AND IDENTIFICATION OF THE GOLD SELLER)

Prior to the start of the commercial relationship, the BCB will proceed to register and identify as a gold seller only once, the individuals and legal entities; public and private; legally established, registered and authorized by competent entities, who are interested in selling gold to the Issuer.

For this effect, the BCB will request detailed information and documentation from the interested party as set out in attached Annex II, and subsequently communicate to the interested party their registration as a Gold Seller to the BCB.

---

//10. R.D. No. 096/2023

## ARTICLE 8. (ORIGIN OF GOLD)

I. For each sale operation, the legal entity, public or private, must indicate under sworn declaration that the gold has a lawful origin, for which effect it will attach the documents indicated in attached Annex III.

II. In the case of an individual person carrying out the sale operation on behalf of a cooperative, they must present the documents indicated in the previous paragraph.

## ARTICLE 9. (WITHHOLDING AGENT)

The BCB, for the purchase of gold from persons under the scope of application of this Regulation, will act as a withholding agent when appropriate, in accordance with what is established in current legal regulations. The retention for the concept of institutional contributions will be carried out in accordance with agreements signed with SENARECOM.

For this effect, the BCB must comply with paragraph II of Article 88 of Law No. 535.

## ARTICLE 10. (MINING ROYALTY)

Exempt from the application of 40% of the levy rate of the Mining Royalty is that portion of gold acquired in the internal market by the BCB that has as its purpose to strengthen the gold International Reserves.

## ARTICLE 11. (EXPORT VERIFICATION SERVICE)

The BCB is exempt from paying the 0.05% on the Gross Export Value that SENARECOM charges for verification service, due to not requiring the mentioned service and because the gold acquired by the Issuer is not destined for commercial operations.

## ARTICLE 12. (QUANTITY)

The BCB will carry out purchases in the internal market starting from 1,000 grams, according to its monetary program. For quantities below, sellers may commercialize with

# DIRECTORIO

//11. R.D. No. 096/2023

other participants in the internal market freely as stated in paragraph II of Article 3 of Law No. 1503.

## ARTICLE 13. (CALCULATION METHODOLOGY FOR GOLD PURCHASE)

The calculation methodology for the purchase of gold in the internal market by the BCB is detailed in Annex I of this Regulation.

## ARTICLE 14. (PAYMENT)

The BCB will pay for the purchase of gold in national currency through the issuance of a check or transfer to the seller's bank account enabled in an entity of the national financial system.

## ARTICLE 15. (REQUEST FOR SALE OF GOLD - PRIVATE AND PUBLIC LEGAL ENTITIES)

In the case of public and private legal entities, registered as gold sellers to the BCB, at the time of the intention to sell gold, they must access through the BCB website, to the gold sale request link with their user code and password to fill in the required fields in Annex III.

The BCB will review sales requests according to the established requirements. In case there are no observations, the Issuer will communicate to the gold seller through a confidential channel, the confirmation regarding the logistics for the physical delivery of the gold and subsequent smelting. If there are observations, the BCB will communicate them to the gold seller so that they can be remedied.

## ARTICLE 16. (REQUEST FOR SALE OF GOLD - COOPERATIVES AND INDIVIDUALS)

Cooperatives and individuals registered as gold sellers to the BCB, for the sale must appear at the smelter contracted by the Issuer, where bank personnel will register the information of the sales request form as established in Annex III.

//12. R.D. No. 096/2023

Reviewed the information, in case there are no observations, the Issuer will proceed to smelting. If there are observations, they will be communicated to the gold seller so that they can be remedied.

## ARTICLE 17. (CONTRACTING OF SMELTING, SAMPLING, PURITY ANALYSIS AND TRANSPORT SERVICES TO BCB VAULTS)

Within the framework of Article 6 of Law No. 1503 on the Purchase of Gold Destined to Strengthen International Reserves, the BCB will carry out the contracting processes for the following services:

a) For smelting, it will contract a company with experience in gold smelting and sample taking, which has certified scales.

b) For purity analysis, it will contract the services of a laboratory duly accredited by IBMETRO.

c) For transport, it will contract the services of a company specializing in valuables transport which has insurance coverage.

## ARTICLE 18. (SMELTING, SAMPLING, TRANSPORT AND RECEIPT IN BCB VAULTS)

For the smelting of gold in any of its forms, in the presence of the seller, the following procedure will be applied:

I. For raw material:

a) Gold in any of its forms, will be weighed on electronic precision scales.

b) Subsequently, the smelting of the gold will proceed, in which borax and/or nitric salt will be used to clean the impurities that are within the raw gold.

//13. R.D. No. 096/2023

c) In order to verify the purity percentage, a 3-gram sample will be taken from the container in a liquid state in the presence of the seller, which will be divided into three parts:

- The first, will correspond to the BCB and will be sent to a certified laboratory for analysis.
- The second, will be delivered to the seller, which may be subject to a laboratory test, the cost of which will be assumed by the same.
- The third sample, will be a witness and will remain in the custody of the BCB, which will be submitted to a laboratory test in case the seller does not agree with the result of the test sent by the BCB.

Once the sampling and certification process is finished, the BCB will return the samples to the seller.

d) Then the material will be poured into an ingot mold.

e) After smelting is finished, the material will be reweighed, to calculate the loss obtained. An identification number will be assigned to each bar.

f) Finally, the final weighing of the gold will be performed and through the use of the Portable Precious Metals Analyzer (Spectrometer), the preliminary grade will be determined.

g) A Receipt and Advance Act will be signed between the seller and the BCB, to determine the advance, which must contain the following:

- Conformity of delivery and receipt of the bar
- Final Weight of the Bar
- Purchase Price
- Preliminary Gold Purity
- Identification number of the bar
- Amount to be paid to the seller, for the concept of advance
- Other technical aspects related to gold

h) Subsequently, the transfer to BCB vaults will be carried out.

# DIRECTORIO

//14. R.D. No. 096/2023

II. For smelted material or gold bar:

a) The weighing of the gold bar will proceed.

---

b) To verify the gold content of the bar, melting will be carried out, complying with the process established in paragraph I, from subsection b) to h) of this article.

ARTÍCULO 19. (LIMIT ON GOLD PURITY)

The BCB will purchase gold from private or public individuals and legal entities, with a percentage no lower than 65%.

ARTÍCULO 20. (ADVANCE PAYMENT)

Upon receipt of the gold, the BCB will grant an advance to the seller of 90%, determined by multiplying the weight of the bar by the purchase price and the gold purity.

ARTÍCULO 21. (FINAL SETTLEMENT)

Once the laboratory result on the gold purity is obtained, within a period not exceeding 48 hours from the delivery of the sample to the laboratory, the final settlement will be made in accordance with the settlement sheet issued by the BCB, which will be delivered by the BCB to the seller and will serve as proof of the legality of the transaction.

To make the final payment, the settlement sheet must be signed by the BCB and the seller, and will be sent to SENARECOM.

ARTÍCULO 22. (FORM M-02)

The BCB will register Form M-02 once the retention deductions have been made. Upon receiving the validated forms, it will deliver the respective copies to the seller and the corresponding instances as established by SENARECOM.

# DIRECTORY

//15. R.D. N° 096/2023

## ARTÍCULO 23. (CUSTODY)

The acquired gold bars will remain in custody in the BCB vaults until their shipment for refining, and must be clearly identified and registered in an inventory that will be administered by the International Operations Department in coordination with the Treasury Department.

## ARTÍCULO 24. (GOLD REGISTRATION)

The gold acquired in the domestic market will be registered as international reserves, in accordance with what is established by the Administration Department. Accounting records will be made at the different stages of the gold purchase process.

# DIRECTORY

//16. R.D. N° 096/2023

## ANNEX I - Calculation Methodology

### 1. Calculation Methodology for BCB Gold Purchases

a) **Fine Weight**

Fine Weight (g) = Net Weight (g) x Gold Purity (%)

b) **Purchase Price (USD/oz)**

Purchase Price (USD/oz) = International market quotation (USD/oz) × [1 + % premium or discount]

c) **Purchase Price (Bs/g)**

Purchase Price (Bs/g) = \left[ \left( \frac{\text{Purchase Price (USD/oz)}}{31,1035 \left( \frac{\text{g}}{\text{oz}} \right)} \right) \times \text{Exchange Rate} \left( \frac{\text{Bs}}{\text{USD}} \right) \right]

d) **Market Sale Value**

Market Sale Value (Bs) = Fine Weight (g) × Purchase Price (Bs/g)

### 2. Premium or Discount Percentage

| Ranges by quantity of grams of gold | % Premium or Discount |  |
| --- | --- | --- |
| Lower | Upper |  |
| 1.000 | 2.000 | -1,84% |
| 2.001 | 3.000 | -1,38% |
| 3.001 | 4.000 | -0,92% |
| 4.001 | 5.000 | -0,46% |
| 5.001 | 6.000 | 0,00% |
| 6.001 | 7.000 | 0,05% |
| 7.001 | 8.000 | 0,15% |
| 8.001 | 9.000 | 0,25% |
| 9.001 | Onwards | 0,35% |

# DIRECTORY

//17. R.D. N° 096/2023

## Annex II - Registration and Identification Form

| Annex II. | CENTRAL BANK OF BOLIVIA REGISTRATION AND IDENTIFICATION FORM (DDJJ) LEGAL ENTITY - MINING COOPERATIVES | CODE: |
|-----------|--------------------------------------------------------------------------------------------------|-------|
| Annex 2.1 |                                                                                                  | DATE: |

**BEFORE COMPLETING THE FOLLOWING DATA OF THE FORM, READ THIS INFORMATION CAREFULLY:**

The Cooperative is obligated to present, when requested by the BCB, the original documents and necessary certifications that support the information recorded in this form.

The information provided in this form will be considered strictly confidential.

---

### 1.- BASIC INFORMATION

| COOPERATIVE NAME: | |
|---------------------------------|---|
| MINERAL IDENTIFICATION NUMBER (NIM) ISSUED BY SENARECOM: | |
| MINING RIGHT/ADMINISTRATIVE MINING CONTRACT NO. OF THE AJAM. (OPTIONAL) | |
| MINING AREA UNIQUE CODE NO. | |
| MINING AREA NAME | |
| COOPERATIVE REGISTRATION NO. IN AFCOOP | |
| LEGAL ADDRESS OF THE COOPERATIVE | |
| LANDLINE AND/OR MOBILE PHONE OF THE LEGAL REPRESENTATIVE OF THE COOPERATIVE | EMAIL (OPTIONAL) |
| IMMEDIATE SUPERIOR COOPERATIVE / FEDERATION AND/OR CENTRAL TO WHICH IT BELONGS) | |

---

### BANK ACCOUNT REGISTRATION IN BOLIVIANOS:

| BANKING ENTITY TO DEPOSIT | NATIONAL CURRENCY ACCOUNT NO. |

---

### 2.- INFORMATION OF THE LEGAL REPRESENTATIVE OF THE COOPERATIVE (MUST BE UPDATED ACCORDING TO THE COOPERATIVE STATUTE)

| FIRST AND LAST NAMES | |
|---------------------|---|
| ID DOCUMENT NO. | |
| PLACE AND DATE OF BIRTH | |
| ADDRESS | |

---

### 3.- REQUIRED DOCUMENTS

| Required Document | [ ] |
|----------------------|-----|
| 1.- COPY OF CURRENT LEGAL PERSONHOOD DOCUMENT ISSUED BY THE COMPETENT AUTHORITY. | [ ] |
| 2.- COPY OF TAX IDENTIFICATION NUMBER DOCUMENT NIT. | [ ] |
| 3.- COPY OF THE ORGANIC STATUTE, DEED OR TESTIMONY OF SOCIAL CONSTITUTION, AS APPLICABLE. | [ ] |
| 4.- COPY OF THE MINERAL IDENTIFICATION CERTIFICATE (NIM) ISSUED BY SENARECOM. | [ ] |
| 5.- COPY OF THE PAYMENT CERTIFICATE OF THE MINING PATENT OR MINING COOPERATIVE CONTRACT. | [ ] |
| 6.- COPY OF THE ENVIRONMENTAL LICENSE ISSUED TO MINING OPERATORS BY THE MINISTRY OF ENVIRONMENT AND WATER, OR THE AUTONOMOUS DEPARTMENTAL GOVERNMENTS, AS APPLICABLE. (IF APPLICABLE). | [ ] |
| 7.- COPY OF THE POWER OF ATTORNEY OF THE LEGAL REPRESENTATIVE OF THE COOPERATIVE. | [ ] |
| 8.- COPY OF THE ID CARD OF THE LEGAL REPRESENTATIVE OF THE COOPERATIVE. | [ ] |

---

### 4.- CERTIFICATION

I certify that the information indicated above is correct and true, therefore it can be considered for all legal effects, likewise, it will be updated according to the Statute of each Cooperative.

| Declarant Signature | Approved by: | Date: _/_/_ |
|----------------------|---------------|--------------|

---

//18. R.D. N° 096/2023

## Annex II - Identification Registration Form

| Annex II. | CENTRAL BANK OF BOLIVIA REGISTRATION AND IDENTIFICATION FORM (DDJJ) PRIVATE LEGAL ENTITY | CODE: |
|-----------|---------------------------------------------------------------------------------------------|-------|
| Annex 2.2 |                                                                                             | DATE: |

**BEFORE COMPLETING THE FOLLOWING DATA OF THE FORM, READ THIS INFORMATION CAREFULLY:**

The Private Legal Entity is obligated to present, when requested by the BCB, the original documents and necessary certifications that support the information recorded in this form.

Once registered as a Gold Seller to the BCB, for each sale, information and/or documentation supporting the origin of the gold to be sold to the BCB must be presented.

The information provided in this form will be considered strictly confidential.

---

### 1.- BASIC INFORMATION

| COMPANY NAME | |
|--------------|---|
| TYPE AND FORM OF COMMERCIAL SOCIETY | |
| MAIN ACTIVITY OR CORPORATE OBJECTIVE | |
| TAX IDENTIFICATION NUMBER – NIT | |
| MAIN OFFICE ADDRESS AND IF APPLICABLE, BRANCHES | |
| EMAIL | LANDLINE OR MOBILE PHONE |
| DATE OF COMPANY CONSTITUTION | |
| MINERAL IDENTIFICATION NUMBER (NIM) ISSUED BY SENARECOM | |
| MINING RIGHT/ADMINISTRATIVE MINING CONTRACT NO. OF THE AJAM (IF APPLICABLE) | |
| ESTIMATED NUMBER OF EMPLOYEES OF THE COMPANY | BANKING OR COMMERCIAL REFERENCES |

---

### BANK ACCOUNT REGISTRATION IN BOLIVIANOS:

| BANKING ENTITY TO DEPOSIT | NATIONAL CURRENCY ACCOUNT NO. |

---

### 2.- INFORMATION OF THE LEGAL REPRESENTATIVE (MUST BE UPDATED EVERY 2 YEARS)

| FIRST AND LAST NAMES | |
|---------------------|---|
| ID DOCUMENT NO. | |
| PLACE OF BIRTH | |
| DATE OF BIRTH | |
| ADDRESS | |

---

### 3.- DETAIL OF SHAREHOLDERS OR PARTNERS WITH 20% OR GREATER PARTICIPATION PERCENTAGE

| FIRST AND LAST NAMES | ID DOCUMENT NO. | ADDRESS | MAIN ECONOMIC ACTIVITY OR OCCUPATION | SHAREHOLDING PARTICIPATION PERCENTAGE |
|---------------------|----------------------------------|-----------|------------------------------------------|----------------------------------------|

---

### 4.- REQUIRED DOCUMENTS

| Required Document | FILE TYPE |
|----------------------|-----------------|
| 1.- COPY OF THE TAX IDENTIFICATION NUMBER DOCUMENT NIT. | [ ] |
| 2.- COPY OF THE CURRENT REGISTRATION IN THE COMMERCE REGISTER, RESOLUTION OR OTHER DOCUMENT ISSUED BY COMPETENT AUTHORITY THAT ACCREDITS LEGAL PERSONHOOD. | [ ] |
| 3.- COPY OF THE STATUTE, DEED OR TESTIMONY OF SOCIAL CONSTITUTION, AS APPLICABLE. | [ ] |
| 4.- COPY OF THE GENERAL BALANCE AND STATE OF RESULTS, FROM THE LAST PERIOD PRESENTED TO THE NATIONAL TAX SERVICE - SIN, THAT SUPPORT THE INCOME LEVEL. | [ ] |
| 5.- COPY OF THE MINERAL IDENTIFICATION CERTIFICATE (NIM) ISSUED BY SENARECOM | [ ] |
| 6.- SIMPLE COPY OF THE PAYMENT CERTIFICATE OF THE MINING PATENT (IF APPLICABLE). | [ ] |
| 7.- COPY OF THE ENVIRONMENTAL LICENSE ISSUED TO MINING OPERATORS BY THE MINISTRY OF ENVIRONMENT AND WATER, OR THE AUTONOMOUS DEPARTMENTAL GOVERNMENTS, AS APPLICABLE. (IF APPLICABLE) | [ ] |
| 8.- COPY OF THE ADMINISTRATION POWER OF ATTORNEY REGISTERED IN THE COMMERCE REGISTER OF BOLIVIA, OF THE LEGAL REPRESENTATIVE OF THE COMPANY | [ ] |
| 9.- COPY OF THE LEGAL REPRESENTATIVE'S ID DOCUMENT | [ ] |

---

### 5.- CERTIFICATION

I certify that the information indicated above is correct and true, therefore it can be considered for all legal effects, likewise, it will be updated every two years.

| Declarant Signature | Approved by: | Date: _/_/_ |
|----------------------|---------------|--------------|

# DIRECTORY

//19. R.D. N° 096/2023

## Annex II - Identification Registration Form

| Annex II | CENTRAL BANK OF BOLIVIA REGISTRATION AND IDENTIFICATION FORM (DD.JJ) PUBLIC LEGAL ENTITY | CODE: |
|----------|---------------------------------------------------------------------------------------------|-------|
| Annex 2.3 |                                                                                             | DATE: |

### BEFORE COMPLETING THE FOLLOWING DATA OF THE FORM, READ THIS INFORMATION CAREFULLY:

The Public Legal Entity is obligated to present, when requested by the BCB, the original documents and necessary certifications that support the information recorded in this form.

The information provided in this form will be considered strictly confidential.

---

### 1.- BASIC INFORMATION

| NAME/COMPANY NAME OF THE STATE MINING COMPANY | |
|--------------------------------------------------------|---|
| MAIN ACTIVITY OR CORPORATE OBJECTIVE                    | |
| TAX IDENTIFICATION NUMBER – NIT (IF APPLICABLE) | |
| MINERAL IDENTIFICATION NUMBER (NIM) ISSUED BY SENARECOM | |
| MINING RIGHT/ADMINISTRATIVE MINING CONTRACT NO. OF THE AJAM (IF APPLICABLE) | |
| LEGAL ADDRESS OF THE MAIN OFFICE | TELEPHONES OF MAIN ADDRESS |
| ESTIMATED NUMBER OF EMPLOYEES OF THE COMPANY | BANKING OR COMMERCIAL REFERENCES |

---

### BANK ACCOUNT REGISTRATION IN BOLIVIANOS:

| BANKING ENTITY TO DEPOSIT | NATIONAL CURRENCY ACCOUNT NO. |

---

### 2.- INFORMATION OF THE HIGHEST AUTHORITY OF THE PUBLIC COMPANY (MUST BE UPDATED EVERY 2 YEARS)

| FIRST AND LAST NAMES | |
|---------------------|---|
| ID DOCUMENT NO. | |
| ADDRESS OF THE HIGHEST AUTHORITY | |

---

### 3.- REQUIRED DOCUMENTS

| REQUIRED DOCUMENTS | FILE TYPE |
|-----------------------|-----------------|
| 1.- COPY OF THE TAX IDENTIFICATION NUMBER DOCUMENT NIT | ☐ |
| 2.- COPY OF THE CURRENT REGISTRATION IN THE COMMERCE REGISTER, RESOLUTION OR OTHER DOCUMENT ISSUED BY COMPETENT AUTHORITY | ☐ |
| 3.- COPY OF THE GENERAL BALANCE AND STATE OF RESULTS, FROM THE LAST PERIOD PRESENTED TO THE NATIONAL TAX SERVICE - SIN, THAT SUPPORT THE INCOME LEVEL. | ☐ |
| 4.- COPY OF THE MINERAL IDENTIFICATION CERTIFICATE (NIM) ISSUED BY SENARECOM. | ☐ |
| 5.- COPY OF THE PATENT THAT GRANTS THE MINING RIGHT OR DOCUMENT THAT ACCREDITS OWNERSHIP OF THE MINING RIGHT ISSUED BY THE AJAM | ☐ |
| 6.- COPY OF THE ENVIRONMENTAL LICENSE ISSUED TO MINING OPERATORS BY THE MINISTRY OF ENVIRONMENT AND WATER, OR THE AUTONOMOUS DEPARTMENTAL GOVERNMENTS, AS APPLICABLE. (IF APPLICABLE) | ☐ |
| 7.- COPY OF THE DOCUMENT DESIGNATING THE HIGHEST AUTHORITY OF THE PUBLIC COMPANY. | ☐ |
| 8.- COPY OF THE ID DOCUMENT OF THE HIGHEST AUTHORITY OF THE PUBLIC COMPANY. | ☐ |

---

### 4.- CERTIFICATION

I certify that the information indicated above is correct and true, therefore it can be considered for all legal effects, likewise, it will be updated every two years.

| Declarant Signature | Approved by: | Date |
|----------------------|---------------|-------|
|                      |               |       |

---

//20. R.D. N° 096/2023

## Annex II - Identification Registration Form

| Annex II | CENTRAL BANK OF BOLIVIA REGISTRATION AND IDENTIFICATION FORM (DD.JJ) INDIVIDUAL PERSON | CODE: |
|----------|---------------------------------------------------------------------------------------------|-------|
| Annex 2.4 |                                                                                             | DATE: |

### BEFORE COMPLETING THE FOLLOWING DATA OF THE FORM, READ THIS INFORMATION CAREFULLY:

The individual person with mining rights or who sells on behalf of a cooperative is obligated to present, when requested by the BCB, the original documents and necessary certifications that support the information recorded in this form.

The information provided in this form will be considered strictly confidential.

---

### 1.- BASIC INFORMATION

| FIRST AND LAST NAMES | DATE OF BIRTH |
|---------------------|---------------------|
| NATIONALITY | COUNTRY OF RESIDENCE |
| ID DOCUMENT NO. | |
| MARITAL STATUS | SPOUSE NAME (OPTIONAL) |
| MINERAL IDENTIFICATION NUMBER (NIM) ISSUED BY SENARECOM OF THE COOPERATIVE FROM WHICH THEY SELL IN THEIR NAME | MINING RIGHT/ADMINISTRATIVE MINING CONTRACT NO. OF THE AJAM (IF APPLICABLE) |
| PRIVATE ADDRESS | LANDLINE AND/OR MOBILE PHONE |

---

### BANK ACCOUNT REGISTRATION IN BOLIVIANOS:

| BANKING ENTITY TO DEPOSIT | NATIONAL CURRENCY ACCOUNT NO. |

---

### 2.- REQUIRED DOCUMENTS

| REQUIRED DOCUMENTS | FILE TYPE |
|-----------------------|-----------------|
| 1.- COPY OF THE ID DOCUMENT | ☐ |
| 2.- COPY OF THE CERTIFICATE ISSUED BY THE RESPECTIVE FEDERATION INDICATING THAT THE ORIGIN OF THE GOLD IS FROM THE MINING COOPERATIVE AFFILIATED TO IT. | ☐ |
| 3.- COPY OF THE MINERAL IDENTIFICATION CERTIFICATE (NIM) ISSUED BY SENARECOM, OF THE COOPERATIVE FROM WHICH THE INDIVIDUAL PERSON WILL COMMERCIALIZE THE GOLD ON BEHALF OF THE SAME. | ☐ |
| 4.- COPY OF THE MINING PATENT OR DOCUMENT THAT ACCREDITS OWNERSHIP OF THE MINING RIGHT ISSUED BY THE AJAM. (IF APPLICABLE) | ☐ |

---

### 5.- CERTIFICATION

I certify that the information indicated above is correct and true, therefore it can be considered for all legal effects.

| Declarant Signature | Approved by: | Date |
|----------------------|---------------|-------|
|                      |               |       |
---