PERÚ Ministerio de Economía y Finanzas
SMV
Superintendency of the Market de Valores

“Decade of Equal Opportunities for Women and Men” "Year of the Bicentennial, of the consolidation of our Independence, and of the commemoration of the heroic battles of Junín and Ayacucho"

SMV General Intendancy Resolution No. 005-2024-SMV/11.1

Lima, 15 February 2024

The General Intendant of Conduct Supervision

Whereas:

File No. 2024002732, as well as Internal Report No. 207-2024-SMV/11.1, of the General Intendancy of Conduct Supervision of the Deputy Superintendency of Market Conduct Supervision.

Considering:

That, by document submitted on 23 January 2024, Banco BBVA Perú requested the Superintendencia del Mercado de Valores – SMV, through the Single Window system, the exclusion of the securities called «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión», «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» and «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión», which were registered and placed under the «Segundo Programa de Bonos Subordinados del Banco Continental», from the Public Registry of the Securities Market and from the Securities Registry of the Lima Stock Exchange, due to total cancellation of the obligations derived from them;

That, it has been verified that by Issuers Directive Resolution No. 042-2007-EF/94.06.3 of 17 September 2007, within the framework of an advance procedure, the issuance program called «Segundo Programa de Bonos Subordinados del Banco Continental» was registered, up to a maximum outstanding amount of US$ 100’000,000.00 (One Hundred Million and 00/100 United States Dollars) or its equivalent in Soles, and the corresponding Framework Prospectus was registered in the Public Registry of the Securities Market;

That, under the «Segundo Programa de Bonos Subordinados del Banco Continental», on 17 September 2007, under an automatic approval procedure, the securities called «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión» were registered, up to a maximum outstanding amount of US$ 20’000,000.00 (Twenty Million and 00/100 United States Dollars), and the corresponding Supplement to the Framework Prospectus was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange;

That, subsequently, on 24 June 2008, under the aforementioned issuance program and under an automatic approval procedure, the securities called «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» were registered, up to a maximum outstanding amount of S/ 45’000,000.00 (Forty-Five Million and 00/100 Soles), and the corresponding Supplement to the Framework Prospectus was registered in the Public Registry

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PERÚ Ministerio de Economía y Finanzas
SMV
Superintendency of the Market de Valores

“Decade of Equal Opportunities for Women and Men” "Year of the Bicentennial, of the consolidation of our Independence, and of the commemoration of the heroic battles of Junín and Ayacucho"

of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange;

That, on 03 September 2008, under the «Segundo Programa de Bonos Subordinados del Banco Continental» and under an automatic approval procedure, the securities called «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión» were registered, up to a maximum outstanding amount of S/ 50’000,000.00 (Fifty Million and 00/100 Soles) and the corresponding Supplement to the Framework Prospectus was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange;

That, in accordance with the provisions of article 20, numeral 20.1, of the Regulation for Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange, approved by SMV Resolution No. 031-2012-SMV/01 and its amending norms, the SMV forwarded the exclusion request to the Lima Stock Exchange S.A., without said entity having made observations to the documentation submitted;

That, from the evaluation of the documentation submitted by Banco BBVA Perú, the submission of the documents referring to the total cancellation of the obligations derived from the securities called «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión», «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» and «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión» has been verified;

That, Banco BBVA Perú has complied with submitting the information and documentation required by the Single Ordered Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF, as well as by the Regulation for Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange, for the purposes of the exclusion of the securities «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión», «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» and «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión»;

That, Article 39, literal b), of the Single Ordered Text of the Securities Market Law; as well as Articles 20 and 23 of the Regulation for the Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange, establish that the exclusion of a security from the Public Registry of the Securities Market takes place by reasoned resolution of the SMV when the extinction of the rights over the security occurs, by amortization, total redemption or other cause;

That, on the other hand, regarding the obligation to carry out a Public Offer of Purchase for Exclusion – OPC when a security is excluded from the Public Registry of the Securities Market, established in Article 41 of the Single Ordered Text of the Securities Market Law and in Article 32 of the Regulation of Public Offer of Acquisition and Purchase of Securities for Exclusion, approved by CONASEV Resolution No. 009-2006-EF/94.10 and its amending norms; it must be noted that the exclusion of the securities «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión», «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» and «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión», is within the exception cause for the non-realization of an OPC, contemplated both in Article 23 of the Regulation for the Registration and Exclusion of Securities in the Public Registry of the

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Securities and in the Stock Exchange, as in Article 37, literal a), of the Regulation of Public Offer of Acquisition and Purchase of Securities for Exclusion;

That, Article 7, numeral 6, of the Policy on Dissemination of Regulatory Projects, Legal Norms of General Character, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution No. 014-2014-SMV/01 and its amending norms, establishes that the decisions contained in administrative resolutions that resolve the exclusion of securities from the Public Registry of the Securities Market must be disseminated through the Institutional Page of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (http://www.gob.pe/smv); and,

In accordance with the provisions of Article 39, literal b), of the Single Ordered Text of the Securities Market Law; Articles 19, 20, 21 and 23 of the Regulation for the Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange; as well as Article 46, numeral 6, of the Regulation of Organization and Functions of the Superintendence of the Securities Market, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Intendancy of Supervision of Conducts to order the exclusion of securities from the Public Registry of the Securities Market.

Resolves:

Article 1°.- Order the exclusion of the securities denominated «Segundo Programa de Bonos Subordinados del Banco Continental - Primera Emisión», «Segundo Programa de Bonos Subordinados del Banco Continental - Cuarta Emisión» and «Segundo Programa de Bonos Subordinados del Banco Continental - Quinta Emisión», corresponding to the «Segundo Programa de Bonos Subordinados del Banco Continental», from the Public Registry of the Securities Market.

Article 2°.- Rule in favor of the exclusion of the securities indicated in the preceding article, from the Securities Registry of the Lima Stock Exchange.

Article 3°.- Disseminate this resolution on the Institutional Page of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).

Article 4°.- Transcribe this resolution to Banco BBVA Perú, as issuer and structuring entity; to BBVA Bolsa Sociedad Agente de Bolsa S.A, as placement agent; to the Lima Stock Exchange S.A.; and, to CAVALI S.A. I.C.L.V.

Register, communicate and disseminate.

Signed by: GODOS GARCIA Alix Fernando | Reason:

Alix Godos
General Intendant
General Intendancy of Supervision of Conducts

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