First Resolution of the Securities Market Superintendence Authorizing and Registering Banco Popular Dominicano's Subordinated Debt Bonds Offering

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FIRST RESOLUTION OF THE SECURITIES MARKET SUPERINTENDENCE DATED NINE (8) OF SEPTEMBER OF THE YEAR TWO THOUSAND TWENTY-SIX (2026) R-SIMV-2026-33-EV Subject: Authorization and registration in the Securities Market Register of a public offering of securities denominated “Subordinated Debt Bonds” in favor of Banco Popular Dominicano, S.A. – Multiple Bank.

Viewed: The Constitution of the Dominican Republic, proclaimed on date twenty-seven (27) of the month of October of the year two thousand twenty-four (2024).

Viewed: Law No. 183-02, dated twenty-one (21) of November of the year two thousand two (2002), which approves the Monetary and Financial Law of the Dominican Republic.

Viewed: Law No. 107-13, dated six (6) of August of the year two thousand thirteen (2013), regarding the Rights of Persons in their Relations with the Administration and Administrative Procedure.

Viewed: Law No. 249-17, dated nineteen (19) of December of the year two thousand seventeen (2017), of the Securities Market of the Dominican Republic, which repeals and replaces Law No. 19-00 of eight (8) of May of the year two thousand (2000) (the “Law No. 249-17”).

Viewed: The Third Resolution of the Monetary Board dated thirty (30) of March of two thousand four (2004), which approves the Regulation of Prudential Norms for Capital Adequacy, and its modifications.

Viewed: The Sole Resolution of the National Securities Council, dated fifteen (15) of October of the year two thousand nineteen (2019), R-CNMV-2019-24-MV, which approves the Public Offering Regulation, modified by the Fourth Resolution of the National Securities Council, dated thirteen (13) of September of the year two thousand twenty-two (2022), R-CNMV-2022-16-MV (the “Public Offering Regulation”).

Viewed: Circular C-SIMV-2020-11-MV, dated six (6) of May of the year two thousand twenty (2020), which approves the Instruction Manual for the Public Offering Regulation, modified by Circular No. 01/23, dated twelve (12) of January of the year two thousand twenty-three (2023).

Viewed: Circular ADM: CADM-R&A-2026109123, issued by the Superintendence of Banks, on date thirty (30) of July of the year two thousand twenty-six (2026), through which it authorizes Banco Popular Dominicano, S.A. – Banco Múltiple, to proceed with the issuance of Subordinated Debt Bonds for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00).

Viewed: The First Resolution of the National Values Council (now “National Securities Council”) dated four (4) of December of the year two thousand seven (2007), which approved the request for authorization and registration in the Securities Market Register, of Banco Popular Dominicano, S.A. – Banco Múltiple, as an issuer of securities.

Seen: The report OP-618-26, dated thirty-one (31) of August of the year two thousand twenty-six (2026), issued by the Issuers, Assets and Rating Agencies Department of the Securities Market Superintendence (the “Report of the Issuers, Assets and Rating Agencies Department”), regarding the request for approval and registration in the Register of a public offering of securities of Subordinated Debt Bonds of Banco Popular Dominicano, S.A. – Banco Múltiple, in which it recommends approval and registration, having met the requirements established for such purposes in the current regulations, after verification and technical analysis of the request by said area.

Considering: That in accordance with letter b) of article 40, of Law No. 183-02, dated twenty-one (21) of November of the year two thousand two (2002), which approves the Monetary and Financial Code of the Dominican Republic, Multiple Banks may carry out operations to issue securities.

Considering: That the capital part of article 17 of Law No. 249-17 provides that “the Superintendent is the highest executive authority of the Superintendence, having under his charge the direction, control and representation of the same (…)” and that he is invested with the

SC-07-15-06 Edition 1 Page 2 of 8 attribute of “4) authorize and register in the Register public offerings of securities”.

Considering: That article 48 of Law No. 249-17 establishes that “the Superintendence will be the only body authorized to authorize the public offering of securities throughout the territory of the Dominican Republic, prior to presentation of the requirements established in this law and its regulations”.

Considering: That in accordance with what is provided by paragraph II, article 50, of Law No. 249-17 and complementary provisions, the authorization of the public offering of securities by the Securities Market Superintendence (the “Superintendence”) will be limited to verifying that the request complies with the information requirements established in the law, its regulations and other applicable norms, without prejudice to the faculty and duty of the Superintendence to dismiss any request that, based on determined elements, is considered harmful to the financial system and the securities market, nor is it within the circumstances established in paragraph V of article 11 of the Public Offering Regulation to deny an authorization request.

Considering: That in accordance with article 53 of Law No. 249-17, “the authorization of the Superintendence and the registration in the Register do not imply certification, nor any responsibility on the part of the Superintendence, regarding the solvency of the legal or natural persons registered in the Register, nor of the price, negotiability or profitability of the public offering securities, nor guarantee on the merits of said securities. The information presented will be the exclusive responsibility of whoever presents it”.

Considering: That Banco Popular Dominicano, S.A. - Banco Múltiple is a commercial society with National Tax Registry (RNC) No. 1-01-01063-2, and is registered in the Register, in its capacity as issuer, under No. SIVEV-017.

Considering: That as of today, Banco Popular Dominicano, S.A. – Banco Múltiple, is considered as a recurring issuer in light of what is provided by Law No. 249-17 and its complementary regulations. The entity has public offerings of Subordinated Debt Bonds registered in the aforementioned Register under numbers SIVEM-101 and SIVEM-142, as well as a public offering of green bonds under number SIVEM166, which have values in circulation.

Considering: That through the Minutes of the Extraordinary General Shareholders Meeting of Banco Popular Dominicano, S.A. – Banco Múltiple dated twenty-seven (27) of March of the year two thousand twenty-five (2025), the issuance of a public offering of “Subordinated Debt Bonds” and its future placement in the securities market for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00) was approved.

Considering: That Banco Popular Dominicano, S.A. – Banco Múltiple, structured its own program of Subordinated Debt Bond issuances. In this sense, it prepared and designed the scheme used for the structuring of the public offering, which is condensed in the present resolution.

Considering: That through the Request Form for Registration of a Public Offering of Fixed Income Securities from Recurring Issuers through Express Window, received by the Superintendence attached to communication No. 02-2026-000008, dated first (1st) of July of the year two thousand twenty-six (2026), Banco Popular Dominicano, S.A. – Banco Múltiple, duly represented by Mrs. Lissette Maribel De Jesús Montero, in her capacity as Executive Vice President of Finance and Comptroller, requested from this regulatory body the authorization and registration in the Register of a program of fixed income securities issuances denominated “Subordinated Debt Bonds”, for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00).

Considering: That through the Circular issued by the Superintendence of Banks, ADM: CADM-R&A-2026109123, Banco Popular Dominicano, S.A. – Banco Múltiple, is authorized to proceed with the issuance of Subordinated Debt Bonds for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00).

Considering: That according to the Report of the Issuers, Assets and Rating Agencies Department of this Superintendence, it has analyzed and evaluated the request and consequently recommends the approval of the request for authorization and registration in the Register of a

SC-07-15-06 Edition 1 Page 3 of 8 program of fixed income securities issuances denominated “Subordinated Debt Bonds” for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00), carried out by Banco Popular Dominicano, S.A. – Banco Múltiple, for complying with the requirements established in the current regulations.

Considering: That this Securities Market Superintendence verified that the authorization request for the public offering of the issuance and placement program of fixed income securities, denominated “Subordinated Debt Bonds” for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00) carried out by Banco Popular Dominicano, S.A. – Banco Múltiple, complies with the information requirements established in Law No. 249-17, the Public Offering Regulation, and other applicable regulations.

Considering: The current legal framework cited above, as well as the recommendations of the technical areas of the institution, and by virtue of the legal powers, the Superintendent of the Securities Market Superintendence as the highest authority, with the faculty to know and decide on the request for authorization and registration in the Register of the public offering of fixed income securities, denominated “Subordinated Debt Bonds” for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00) carried out by Banco Popular Dominicano, S.A. – Banco Múltiple, decides to pronounce on the matter, through this administrative act.

Therefore, the Superintendent of the Securities Market Superintendence, in the use of the powers granted to him by numeral 4, of article 17, of Law No. 249-17, as well as by reason of the considerations and technical opinions that support the file, resolves:

First: Authorize the public offering of fixed income securities denominated “Subordinated Debt Bonds” for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00), requested by Banco Popular Dominicano, S.A. – Banco Múltiple, a commercial entity with the National Tax Registry (RNC) No. 1-01-01063-2 and registered in the Securities Market Register as an issuer of securities with No. SIVEV-017.

Second: Instruct the Registration Department of the Securities Market Superintendence that once Banco Popular Dominicano, S.A. – Banco Múltiple, materializes the payment for the registration fees corresponding within the established term, proceed with the registration in the corresponding section of the Securities Market Register of the public offering of fixed income securities denominated “Subordinated Debt Bonds” for an amount of up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00), whose issuance program has the characteristics indicated below:

a) Type of Securities:
Fixed income securities denominated “Subordinated Debt Bonds”. b) Currency: Dominican pesos. c) Total amount of the issuance program:
Up to fifteen billion Dominican pesos with zero cents (DOP 15,000,000,000.00). d) Nominal value: One hundred Dominican pesos with zero cents (DOP 100.00). e) Maturity of the securities:
Up to ten (10) years, but not equal to or less than five (5) years, counted from the issuance date of each issuance that is generated from the issuance program, as notified to the market through the corresponding Primary Placement Notices for each securities issuance. f) Use of funds:
The funds raised through the Issuance Program would be integrated as secondary capital of the Issuer, within the limits permitted by the Monetary and Financial Law and its Regulations. The funds provided by this placement would be destined to increase the liquidity of the Issuer with the purpose of directing them towards profitable operations, primarily, to meet the demand for financing of the productive sectors of the country. g) Market to which the offer is directed:
This Issuance Program will be directed exclusively to national or foreign institutional investors. They may not be acquired in the primary or secondary market, directly or indirectly, by natural persons, by local financial intermediation entities, or by offshore entities unless these are owned by a top-tier international bank. h) Custody, payment and administration agent of the issuance program:
CEVALDOM, S.A. i) Guarantee:
The Subordinated Debt Bond Issuance Program does not have any collateral guarantee; on the contrary, its payment of principal and interest by the Issuer is subject to the prior satisfaction of obligations arising from other debts. The Subordinated Debt Bonds are not considered as deposits; therefore, their bondholders will not have the right to the guarantee established in article 64, letter c) of the Monetary and Financial Law.

Third: Instruct Banco Popular Dominicano, S.A. - Banco Múltiple, to disclose in the simplified emission prospectus of the public offering of Subordinated Debt Bonds, as well as in the other documents and in all advertising that is carried out for the subscription and negotiation of the securities, the risks and conditions of the securities offered, including the warnings required by the Securities Market Superintendence for the safety of investors and transparency in the securities market.

Fourth: Inform Banco Popular Dominicano, S.A. - Banco Múltiple, that it must provide the Securities Market Superintendence with the information requested by it regarding the public offering and the issuer, in compliance with what is established in article 238 of Law No. 249-17.

Fifth: Inform Banco Popular Dominicano, S.A. - Banco Múltiple, that by the authorization granted, it must faithfully comply with the provisions contained in the Public Offering Regulation, especially those contained in Chapter II of Title II (Obligations of the Issuer and Requirements of the Securities Subject to the Public Offering and Financial Information), without prejudice to other legal and regulatory provisions applicable to it as a participant in the securities market.

Sixth: Warn Banco Popular Dominicano, S.A. - Banco Múltiple, that the registration of the issuance program in the Securities Market Register must take place within a period of ten (10) business days counted from the date of formal notification by the Securities Market Superintendence to the issuer, of the approval of the public offering of Subordinated Debt Bonds through written communication.

Seventh: Warn Banco Popular Dominicano, S.A. - Banco Múltiple, that in the event that it does not make the payment for registration in the Securities Market Register within the term established in the previous paragraph, the authorization of the Subordinated Debt Bond issuance program will become void and the issuer must present and initiate the authorization and registration request again on the occasion of continuing with the interest of managing the process.

Eighth: Authorize the Securities Market Registration Department to make available to the public the documentation supporting the approval and registration before the Register of the public offering to which this resolution refers, in the offices of the Securities Market Superintendence and through the means available to this entity, once the issuance program is registered in the Register.

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Ninth: Instruct Banco Popular Dominicano, S.A. - Banco Múltiple, and the centralized trading mechanism where the securities are registered, to place all documentation supporting the approval and registration in the Securities Market Register of the Subordinated Debt Bond issuance program subject to this resolution, available to the public through the corresponding means, once registered before the Securities Market Register.

Tenth: Instruct the Securities Market Registration Department to issue a certified copy of this resolution and notify it to Banco Popular Dominicano, S.A. - Banco Múltiple, as well as to communicate the corresponding payment instructions.

Eleventh: Instruct the Securities Market Registration Department to notify a certified copy of this resolution to the Central Bank of the Dominican Republic and to the Superintendence of Banks.

Twelfth: Instruct the Legal Department to publish this resolution on the website of the Securities Market Superintendence, in its corresponding section.

In the city of Santo Domingo de Guzmán, National District, capital of the Dominican Republic, on the eight (8) day of the month of September of the year two thousand twenty-six (2026).

Digitally signed:
Ernesto Bournigal Read
Superintendent