Resolution of the General Superintendency of Conduct Supervision No. 061-2026-SMV/11.1

PERU Ministry of Economy and Finance

SMV
Superintendency of the Securities Market
"Decade of Equal Opportunities for Women and Men" "Year of Hope and the Strengthening of Democracy" 1 Electronic document digitally signed under 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 Resolution of the General Superintendency SMV No. 061-2026-SMV/11.1 Lima, October 15, 2026 The General Superintendent of Conduct Supervision Having Seen:
File N° 2026042964, as well as Internal Report N° 1652-2026-SMV/11.1 of October 15, 2026, from the General Superintendency of Conduct Supervision of the Deputy Superintendency of Market Conduct Supervision.
Whereas:
That, by means of a document submitted on September 25, 2026, Electro Dunas S.A.A. requested the Superintendency of the Securities Market – SMV to register, due to a fundamental variation, Update N° 1 of the Complement to the Master Prospectus of the "First Issuance of the First Commercial Paper Program of Electro Dunas S.A.A." in the Public Registry of the Securities Market, as the securities placement procedure had been modified, replacing the fixed-rate auction with an implicit yield (zero-coupon) auction; That, it has been verified that, on September 07, 2026, within the framework of an anticipated procedure and under an automatic approval procedure, through the use of e-prospectus formats, the issuance program called "First Commercial Paper Program of Electro Dunas S.A.A." was registered, for a maximum outstanding amount of S/ 350’000,000.00 (Three Hundred Fifty Million and 00/100 Soles) or its equivalent in United States Dollars, and the respective Master Prospectus was registered in the Public Registry of the Securities Market; That, likewise, on September 07, 2026, within the framework of the aforementioned issuance program and under an automatic approval procedure, through the use of e-prospectus formats, the securities called "First Issuance of the First Commercial Paper Program of Electro Dunas S.A.A." were registered, for a maximum outstanding amount of S/ 350’000,000.00 (Three Hundred Fifty Million and 00/100 Soles), and the respective Complement to the Master Prospectus was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Registry of the Lima Stock Exchange; That, taking into account the documentation and information supporting the request to which this resolution refers, as well as the fact that at the General Shareholders' Meeting of Electro Dunas S.A.A. on May 22, 2026, among other things, it was agreed to grant powers to Messrs. Juan Miguel Cayo Mata,

PERU Ministry of Economy and Finance

SMV
Superintendency of the Securities Market
"Decade of Equal Opportunities for Women and Men" "Year of Hope and the Strengthening of Democracy" 2 Electronic document digitally signed under 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 Edgar Francisco Contreras Julcapoma and Guillermo Martín Lozada Pozo, so that any of them, acting individually and indistinctly or jointly, may decide, determine, complete or modify, if applicable, the terms, conditions and characteristics of the referred program, its issuances and/or series, and that the referred agreement was ratified at the General Shareholders' Meeting of Electro Dunas S.A.A. on August 05, 2026; it is noted that the issuer has submitted Update N° 1 of the Complement to the Master Prospectus corresponding to the "First Issuance of the First Commercial Paper Program of Electro Dunas S.A.A.", by virtue of which modifications were made to the securities placement procedure, by replacing the fixed-rate auction with an implicit yield (zero-coupon) auction, with the consequent variation in yield, placement price, nature of the allocation or auction mechanism, among others; That, in accordance with the provisions of Article 63 of the Consolidated Text of the Securities Market Law, Legislative Decree N° 861, approved by Supreme Decree N° 020-2023-EF, during the validity of the public offering placement, the issuer is obliged to keep the informative prospectus updated and any modification of the prospectus that is made must be submitted to the Superintendency of the Securities Market – SMV, accompanied by the relevant documentation and information, prior to its delivery to investors; That, regarding variations in the offer, Article 29 of the Regulation on Primary Public Offering and Sale of Securities, approved by CONASEV Resolution N° 141-1998-EF/94.10 and its amending regulations, establishes that changes in the conditions of the offer or the program that may imply a variation in the risk level of previously registered securities, in such a way that they may modify the investment decision of a sensible investor, constitute fundamental variations; That, Electro Dunas S.A.A. has submitted the documentation and information required by the Consolidated Text of the Securities Market Law, as well as by the Regulation on Primary Public Offering and Sale of Securities, for the registration, due to a fundamental variation, of Update N° 1 of the Complement to the Master Prospectus of the "First Issuance of the First Commercial Paper Program of Electro Dunas S.A.A." in the Public Registry of the Securities Market; That, Article 7, numeral 6, of the Policy on Dissemination of Regulatory Projects, General Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution N° 014-2014-SMV/01 and its amending regulations, establishes that decisions
contained in administrative resolutions referred, among others, to the registration of informative prospectuses corresponding to issuance programs in the Public Registry of the Securities Market must be disseminated through the SMV's Institutional Page on the Peruvian State's Single Digital Platform for Citizen Orientation (www.gob.pe/smv); and, In accordance with the provisions of Articles 58 et seq. of the Consolidated Text of the Securities Market Law; Article 29 of the Regulation on Primary Public Offering and Sale of Securities; as well as Article 46, numeral 4, of the Regulations on Organization and Functions of the Superintendency of the Securities Market, approved by Supreme Decree N° 216-2011-EF and its amendments, which empowers the General Superintendency of Conduct Supervision to

PERU Ministry of Economy and Finance

SMV
Superintendency of the Securities Market
"Decade of Equal Opportunities for Women and Men" "Year of Hope and the Strengthening of Democracy" 3 Electronic document digitally signed under 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 resolve requests made by regulated entities related to primary public offerings and to evaluate and/or resolve all procedures related to said offerings. Resolves:
Article 1.- To order the registration, due to a fundamental variation, of Update N° 1 of the Complement to the Master Prospectus of the "First Issuance of the First Commercial Paper Program of Electro Dunas S.A.A." in the Public Registry of the Securities Market – RPMV, which consists of the modification of the securities placement procedure, by replacing the fixed-rate auction with an implicit yield (zero-coupon) auction.
Article 2.- The registration referred to in Article 1 of this resolution has not involved administrative verification, inspection, or auditing activities of the information presented, nor an examination of the economic-financial situation of the issuer, in accordance with the provisions of Article 10 of the Consolidated Text of the Securities Market Law.
Likewise, the referred registration does not imply that the Superintendency of the Securities Market – SMV recommends investment in the securities or favorably opines on the business prospects, with Electro Dunas S.A.A. and the structuring entity being responsible for the veracity of the information contained in the offer documents, in accordance with the provisions of Articles 13 and 65 of the Consolidated Text of the Securities Market Law. The documents and information for a complementary evaluation are available to interested parties in the Public Registry of the Securities Market.
Article 3.- To disseminate this resolution on the SMV's Institutional Page on the Peruvian State's Single Digital Platform for Citizen Orientation (www.gob.pe/smv).
Article 4.- To transcribe this resolution to Electro Dunas S.A.A., as issuer; to Banco de Crédito del Perú, as structuring entity; to Credicorp Capital Sociedad Agente de Bolsa S.A., as placement agent; to CAVALI S.A. I.C.L.V.; and, to the Lima Stock Exchange S.A.
Register, communicate, and disseminate.
Alix Godos
General Superintendent
General Superintendency of Conduct Supervision