Conasev Resolution No. 058-2011

Lima, July 20, 2011

HAVING SEEN:

File No. 2011012784, as well as Report No. 443-2011-EF/94.06.1 dated July 14, 2011, respectively, submitted by the Secondary Markets Directorate, with the favorable opinion of the General Management;

CONSIDERING:

That, by Secondary Markets Directorial Resolution No. 068-2010-EF/94.06.1 dated November 25, 2010, authorization was granted to MBA Lazard Holdings S.A. and MBA Lazard Perú S.A.C. for the organization of the stockbroker society named MBA Lazard Sociedad Agente de Bolsa S.A., or its abbreviated name MBA Lazard SAB S.A., in their capacity as organizers;

That, by writings dated April 15 and 19, 2011, complemented on June 24 and 28, 2011, as well as July 04, 06, and 12, 2011, the organizers requested that CONASEV grant operating authorization to MBA Lazard Sociedad Agente de Bolsa S.A., in accordance with the provisions of Article 168 of the Securities Market Law, approved by Legislative Decree No. 861;

That, following the evaluation of the documentation presented by the aforementioned organizers, it has been determined that MBA Lazard Sociedad Agente de Bolsa S.A. has met the requirements established in the Regulation of Intermediation Agents, approved by CONASEV Resolution No. 045-2006-EF/94.10, and in the Single Text of Administrative Procedures of CONASEV, approved by Supreme Decree No. 056-2002-EF, to obtain operating authorization as a stockbroker society;

That, MBA Lazard Sociedad Agente de Bolsa S.A. must establish a guarantee in favor of CONASEV before the start of its operations, in accordance with Article 136 of the Securities Market Law, while simultaneously complying with the provisions of Article 186 of the same legal body; and,

Being in accordance with the provisions of subsection d) of Article 11 of the Concorded Single Text of the Organic Law of CONASEV, approved by Law Decree No. 26126; as well as what was agreed by the Board of Directors of this National Commission met in session on July 18, 2011;

IT IS RESOLVED:

Article 1.- Authorize the operation of MBA Lazard Sociedad Agente de Bolsa S.A. as a stockbroker society, which may also use the abbreviated name MBA Lazard SAB S.A.

Article 2.- Order the registration of MBA Lazard Sociedad Agente de Bolsa S.A. in the corresponding section of the Public Registry of the Securities Market.

Article 3.- MBA Lazard Sociedad Agente de Bolsa S.A. must establish a guarantee in favor of CONASEV before the start of its operations.

Article 4.- This resolution shall enter into force the day following its publication in the Official Gazette El Peruano.

Article 5.- Order the dissemination of this resolution in the Official Gazette El Peruano and on the CONASEV Portal.

Article 6.- Transmit this resolution to MBA Lazard Sociedad Agente de Bolsa S.A., as well as to MBA Lazard Holdings S.A. and MBA Lazard Perú S.A.C.

Register, communicate, and publish.

Michel Canta Terreros President