General Superintendent Resolution No. 072-2025-SMV/11.1

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 1 Electronic document digitally signed under Law No. 27269, Law on 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 of the SMV
No. 072-2025-SMV/11.1
Lima, December 31, 2025

The General Superintendent of Conduct Supervision

Having seen:

File No. 2025050972, as well as Internal Report No. 1917-2025-SMV/11.1, from the General Superintendent of Conduct Supervision of the Adjunct Superintendence of Market Conduct Supervision.

Considering:

That, by means of a written submission presented on November 20, 2025, Protecta S.A. Compañía de Seguros y Reaseguros requested the Securities Market Superintendence – SMV to exclude the securities known as "First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros," which were registered under the "First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" in the Public Registry of the Securities Market, due to the expiration of the validity period without their placement having been effected;

That, it has been noted that, by means of General Superintendent Resolution of the SMV No. 032-2021-SMV/11.1 of September 30, 2021, within the framework of an advance proceeding, the registration of the issuance program known as "First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" was ordered, up to a maximum issuance amount of S/ 100,000,000.00 (One Hundred Million and 00/100 Soles) or its equivalent in United States Dollars, and the registration of the corresponding Master Prospectus in the Public Registry of the Securities Market;

That, within the framework of the aforementioned issuance program and by virtue of what is provided by General Superintendent Resolution of the SMV No. 032-2021-SMV/11.1, the securities known as "First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" were registered, up to a maximum amount of S/ 60,000,000.00 (Sixty Million and 00/100 Soles), and the respective Complement to the Master Prospectus was registered in the Public Registry of the Securities Market;

That, from the documentation presented by Protecta S.A. Compañía de Seguros y Reaseguros and from the information on file in the Public Registry of the Securities Market, it has been observed that the securities known as

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 2 Electronic document digitally signed under Law No. 27269, Law on 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

"First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" registered under the "First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" were not placed, as well as that the placement period for them expired on September 30, 2024;

resulting in the cessation of public interest and the application of Article 23 of the Regulations on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, approved by SMV Resolution No. 031-2012-SMV/01 and its amending norms, which provides that the exclusion of the security shall proceed at the request of the issuer when the placement period has expired without the securities having been placed, which must be accompanied by a sworn declaration signed by the general manager stating that the securities have not been issued or placed;

That, Protecta S.A. Compañía de Seguros y Reaseguros has presented the information and documentation required by the Single Consolidated Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF; as well as by the Regulations on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, for the purposes of the exclusion of the securities known as "First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros";

That, Article 39, paragraphs a) and d), of the Single Consolidated Text of the Securities Market Law; as well as Articles 20 and 23 of the Regulations on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, establish that the exclusion of a security from the Public Registry of the Securities Market takes place by a reasoned resolution of the SMV, at the request of the issuer, when the registration of the securities originated by its own will and by cessation of public interest in the security;

That, regarding the obligation to carry out a Public Offer for Exclusion – OPC when a security is excluded from the Public Registry of the Securities Market, established in Article 41 of the Single Consolidated Text of the Securities Market Law and in Article 32 of the Regulations on Public Offer for Acquisition and Purchase of Securities by 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 known as "First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" falls within the exception cause for not carrying out an OPC, as provided by Article 37, letter a), of the Regulations on Public Offer for Acquisition and Purchase of Securities by Exclusion, and the penultimate paragraph of Article 23 of the Regulations on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel;

That, Article 7, numeral 6, of the Policy on Dissemination of Normative Projects, General Legal Norms, 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 subject to dissemination through the Institutional Website of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and,

PERU Ministry of Economy and Finance

SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 3 Electronic document digitally signed under Law No. 27269, Law on 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

Being subject to what is provided by Article 39, paragraphs a) and d), of the Single Consolidated Text of the Securities Market Law; Articles 19, 20, 21, and 23 of the Regulations on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel; as well as by Article 46, numeral 6, of the Regulations on Organization and Functions of the Securities Market Superintendence, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Superintendent of Conduct Supervision to order the exclusion of securities from the Public Registry of the Securities Market.

Resolves:

Article 1.- Order the exclusion of the securities known as "First Issuance of the First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros," corresponding to the "First Program of Subordinated Bonds of Protecta S.A. Compañía de Seguros" from the Public Registry of the Securities Market.

Article 2.- Disseminate this resolution on the Institutional Website of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).

Article 3.- Transmit this resolution to Protecta S.A. Compañía de Seguros y Reaseguros, in its capacity as issuer; to Credicorp Capital Servicios Financieros S.A., in its capacity as structuring entity; to the Lima Stock Exchange S.A.; and to CAVALI S.A. I.C.L.V.

Register, communicate, and disseminate.

Alix Godos
General Superintendent
General Superintendent of Conduct Supervision