General Superintendent Resolution No. 035-2025-SMV/11.1

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of the recovery and consolidation of the Peruvian economy" 1 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml General Superintendent Resolution SMV No. 035-2025-SMV/11.1 Lima, August 04, 2025 The Acting General Superintendent of Conduct Supervision Seen:
The File No. 2025032852, as well as the Internal Report No. 1060-2025-SMV/11.1 of August 04, 2025, from the General Superintendent of Conduct Supervision of the Adjacent Superintendence of Conduct Supervision of Markets. Considering:
That, through writings presented on July 24 and 31, and August 01, 2025, Caja Municipal de Ahorro y Crédito de Arequipa S.A. requested the Securities Market Superintendence – SMV, within the framework of the regime applicable to the Institutional Investors Market, the registration of the issuance program denominated "First Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", up to the amount of S/ 35,000,000 (Thirty and Five Million and 00/100 Soles), and the registration of the Master Prospectus in the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market; as well as the registration of the securities denominated "First Issuance of the First Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", up to the amount of S/ 35,000,000.00 (Thirty and Five Million and 00/100 Soles), and the registration of the respective Complement of the Master Prospectus, in the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market; That, in the documentation and information presented as support for the request to which this resolution refers, it is appreciated that in Board of Directors Session of Caja Municipal de Ahorro y Crédito de Arequipa S.A., held on December 06, 2024, the program denominated "First Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A." was approved; and, it was agreed to delegate to the Joint Management, composed of the gentlemen Manuel Chacaltana Cortez, Wilber Eloy Dongo Díaz and Marco Antonio Lúcar Bérninzon, in an express and the broadest manner, necessary and sufficient powers for that acting jointly two of them, or one of them (except Mr. Manuel Gustavo Chacaltana Cortez) with the Finance Manager, Mr. Tomás Gonzalo Añazgo Aguilar, on behalf of Caja Municipal de Ahorro y Crédito de Arequipa S.A.,

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of the recovery and consolidation of the Peruvian economy" 2 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml may determine and/or modify all terms, conditions and other characteristics of the issuance; That, through SBS Resolution No. 02580-2025 of July 21, 2025, the Superintendence of Banks, Insurance and Private Administrators of Pension Funds – SBS resolved, among others, to give a favorable opinion so that Caja Municipal de Ahorro y Crédito de Arequipa S.A. carries out the "First Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", through the advance procedure; That, in accordance with what is provided by article 6 of the Regulations of the Institutional Investors Market, approved by Resolution SMV No. 021-2013-SMV/01 and its modifying norms, the competence of the SMV in the registration procedure of a public offer directed exclusively to institutional investors who are under the regime of the mentioned regulations, as well as of the respective program and securities, is limited only to the verification of the presentation of the documentation or requirements established in the Regulations of the Institutional Investors Market; without this implying a pronouncement or validation regarding the content of the documentation or a certification on the goodness, the solvency of the issuer, nor on the risks of the security, of the offer or of the program; That, in that sense, from the evaluation carried out on the documentation presented by Caja Municipal de Ahorro y Crédito de Arequipa S.A., in the framework of its request, it has been verified that said entity has fulfilled presenting the requirements established in article 8 of the Regulations of the Institutional Investors Market for the offers indicated in article 2, numeral 2.1, of the cited regulations; That, article 7, numeral 6, of the Policy on Dissemination of Normative Projects, General Character Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by Resolution SMV No. 014-2014- SMV/01 and its modifying norms, establishes that the decisions contained in administrative resolutions referred to the registration of issuance programs and securities within the framework of an advance procedure, as well as the registration of the informational prospectuses, in the Public Registry of the Securities Market, must be subject to dissemination through the SMV Institutional Page in the Digital Platform Unique of the Peruvian State for Citizen Orientation (www.smv.gob.pe); and, Being in accordance with what is provided by article 1 of the Law of Promotion of the Securities Market, Law No. 30050; articles 2, 7, 8 and 10 of the Regulations of the
Institutional Investors Market; as well as by article 46, numerals 4 and 6, of the Regulations of Organization and Functions of the Superintendence of the Securities Market, approved by Supreme Decree No. 216-2011-EF, which authorizes the General Superintendent of Conduct Supervision to resolve the requests formulated by the regulated entities linked to primary public offers and evaluate and/or resolve any procedure linked to said offers, as well as to order the registration of the securities in the Public Registry of the Securities Market.

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of the recovery and consolidation of the Peruvian economy" 3 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml Resolves:
Article 1°.- To order, within the framework of an advance
procedure, the registration of the issuance program denominated "First Program of Issuance of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", up to a maximum issuance amount of S/ 35,000,000 (Thirty and Five Million and 00/100 Soles), and the registration of the Master Prospectus in the section "Of the Market of Institutional Investors" of the Public Registry of the Securities Market – RPMV.
Article 2°.- To order, within the framework of the "First
Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", the registration of the securities denominated "First Issuance of the First Issuance Program of Subordinated Bonds of Caja Municipal de Arequipa S.A.", up to a total amount of S/ 35,000,000.00 (Thirty and Five Million and 00/100 Soles), and the registration of the Complement of the Master Prospectus corresponding in the section "Of the Market of Institutional Investors" of the Public Registry of the Securities Market – RPMV.
Article 3°.- The issuances and/or offers that are
carried out by virtue of the registration referred to in article 1 of this resolution, in accordance with what is established in article 11, numeral 11.2, of the Regulations of the Institutional Investors Market, may be carried out during one (01) year following the date of registration of the issuance program, a term that has the character of non-extendable and must be directed exclusively to institutional investors, in accordance with what is provided by the cited regulations.
Article 4°.- The placement of the securities to be registered
within the framework of the "First Issuance Program of Subordinated Bonds of Caja Municipal de Ahorro y Crédito de Arequipa S.A.", may be carried out as long as the term of the program has not expired.
Article 5°.- The securities issued within the framework of the
Regulations of the Institutional Investors Market can only be subject to offer, subscription, acquisition or placement among investors institutional, in accordance with what is provided by article 6, numeral 6.10, of the cited regulations.
Article 6°.- As long as the issuer maintains values
registered in the Public Registry of the Securities Market – RPMV, under the shelter of what is established in the general regime of the securities market, the regime of revelation of periodic and eventual information applicable will be that contained in the Unified Ordered Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF, and in the regulatory norms that develop the obligations contained in said law, prevailing over the revelation regime provided for in the Regulations of the Institutional Investors Market, in accordance with what is established by articles 6, numerals 6.6 and 6.8, and 16 of the Regulations of the Market of Institutional Investors.
Article 7°.- The competence of the Superintendence of the
Securities Market – SMV in the registration procedure referred to in the articles 1 and 2 of this resolution is limited only to the verification of the presentation of the documentation or requirements established in the Regulations of the Market of Institutional Investors, without said verification implying a

PERÚ Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of the recovery and consolidation of the Peruvian economy" 4 Electronically signed document within the framework of Law No. 27269, Law of Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml pronouncement or validation regarding its content, or a certification on the goodness, the solvency of the issuer, nor on the risks of the security nor of the offer. Likewise, it does not correspond to the Superintendence of the Securities Market – SMV to pronounce on the claims or complaints that might arise regarding said registration or on the offer of securities that derives from it, without prejudice to the civil and/or penal responsibilities that might correspond to the responsible for the elaboration and presentation of the information.
Article 8°.- The registration of the issuance program and of the
securities to which this resolution refers has not entailed administrative activities of verification, nor inspection, nor audit of the information presented, nor an examination of the economic – financial situation of the issuer, and does not imply the certification by the Superintendence of the Securities Market – SMV on its goodness, the solvency of the issuer, nor on the risks of the security or of the offer, in conformity with what is provided by articles 21 and 24 of the Unified Ordered Text of the Law of the Securities Market. Likewise, the registration of the issuance program and of the securities, as well as the registration of the respective informational prospectuses, does not imply that the Superintendence of the Securities Market – SMV recommends the investment in the values or gives a favorable opinion on the prospects of the business.
Article 9°.- To disseminate this resolution on the SMV Institutional Page in the Digital Platform Unique of the Peruvian State for
Citizen Orientation (www.gob.pe/smv).
Article 10°.- To transcribe this Resolution to Caja
Municipal de Ahorro y Crédito de Arequipa S.A., in its capacity as issuer; to CAVALI S.A. I.C.L.V.; and, to the Lima Stock Exchange S.A. Register, communicate and disseminate. César Figueroa Benites Acting General Superintendent General Superintendent of Conduct Supervision