Circular 04-2026

[Logo: SMV Superintendencia del Mercado de Valores República de Panamá]

Panama, March 11, 2026.
Circular No. SMV- 04 - 2026.

Dear
Compliance Officers
Obligated Financial Entities
Panama City

Reference: Lists issued by the United Nations Security Council (UNSC) - UN

Respected gentlemen:

For the purposes stated herein, the Superintendencia del Mercado de Valores informs the regulated and supervised Obligated Financial Entities under this Authority that the United Nations Security Council has issued a new sanctions list, which can be verified under the following identification:

• UN List Code: DPPA/SCAD/SCSOB/2026/SCA/2/26 (01).
• Publication Date: February 27, 2026.

If you have not received it, please contact the Financial Analysis Unit immediately.

Sincerely,

[Signature]
Maruquel Murgas de González
Superintendent of the Securities Market

[Seal: REPUBLIC OF PANAMA SUPERINTENDENCY OF THE SECURITIES MARKET]

50th Street, P.H. Global Plaza Building, 8th Floor, Tel.: (507) 501-1700 Fax: (507) 501-1709. www.supervalores.gob.pa P.O. Box 0832-0288 WTC Panama, Rep. of Panama.