General Superintendent Resolution on Conduct Supervision No. 071-2025-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 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. 071-2025-SMV/11.1 Lima, December 29, 2025 The General Superintendent of Conduct Supervision Seen:
File No. 2025048283, as well as Internal Report No. 1899-2025-SMV/11.1, from the General Superintendent of Conduct Supervision of the Adjunct Superintendence of Market Conduct Supervision. Considering:
That, through writings presented on November 3 and December 12, 2025, Administradora del Comercio S.A. en Liquidación requested the Securities Market Superintendence – SMV, through the Single Window system, the exclusion of the shares representing its social capital from the Public Registry of the Securities Market and from the Securities Registry of the Lima Stock Exchange; That, from the evaluation carried out within the framework of the administrative procedure referred to in the preceding consideration, it has been verified that through CONASEV Resolution No. 181-92-EF-94.10 of January 29, 1992, the registration of the shares representing the social capital issued by Administradora del Comercio S.A. en Liquidación was ordered in the Public Registry of Securities and Intermediaries (now, Public Registry of the Securities Market); That, within the framework of what is established by article 20, paragraph 20.1, of the Regulation on the 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 amendments, the SMV forwarded the request for exclusion to the Lima Stock Exchange, without that entity having made observations on the documentation presented; That, Administradora del Comercio S.A. en Liquidación 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 Regulation on the Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, for the purpose of the exclusion of the shares representing the social capital of the referenced company; That, article 39, item d), of the Single Consolidated Text of the Securities Market Law, and article 23, second paragraph, item (i), of the

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 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 Regulation on the 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 reasoned resolution of the SMV, when the cessation of public interest in the security is verified, which is evidenced, among others, when such securities have had null or scarce trading during the three (03) last years; 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 Regulation on Public Offer for Acquisition and Purchase of Securities by Exclusion, approved by Resolution CONASEV No. 009-2006-EF/94.10 and its amending norms, it must be noted that the exclusion of the shares representing the social capital of Administradora del Comercio S.A. en Liquidación falls within the exception cause for the non carrying out of an OPC, since such securities have not had trading during the three (03) last years, evidencing the cessation of public interest, as provided by article 37, letter a), of the Regulation on Public Offer for Acquisition and Purchase of Securities by Exclusion, and the penultimate paragraph of article 23 of the Regulation on the Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel; That, article 7, paragraph 6, of the Policy on Dissemination of Normative Projects, General Character 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 SMV Institutional Website on the Digital Single Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and, Being in accordance with what is provided by article 39, letter d), of the Single Consolidated Text of the Securities Market Law; articles 19, 20, 21 and 23 of the Regulation on the 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, paragraph 6, of the Regulation 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 1st.- Order the exclusion of the shares
representing the social capital of Administradora del Comercio S.A. en Liquidación from the Public Registry of the Securities Market.
Article 2nd.- Rule in favor of the exclusion of the
values indicated in the preceding article, from the Securities Registry of the Lima Stock Exchange S.A.

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 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
Article 3rd.- Disseminate this resolution on the SMV Institutional
Website on the Digital Single Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).
Article 4th.- Transcribe this resolution to
Administradora del Comercio S.A. en Liquidación, as issuer; 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