PERU Ministry of Economy and Finance
SMV
Superintendency of the Market in Securities

"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. 045-2024-SMV/11.1

Lima, 26 June 2024

The General Intendant of Conduct Supervision

Whereas:

File No. 2024024108, as well as Internal Report No. 850-2024-SMV/11.1, of the General Intendancy of Conduct Supervision of the Deputy Superintendency of Market Conduct Supervision.

Considering:

That, by means of writings submitted on 29 May and 21 June 2024, Sierra Metals Inc. requested the Superintendency of the Market in Securities – SMV, through the Single Window system, the registration of the common shares representing its share capital, in the Public Registry of the Securities Market and in the Securities Registry of the Lima Stock Exchange;

That, from the review carried out on the documentation and information submitted in support of the request to which this resolution refers, it has been noted that, in the Board Meeting of Sierra Metals Inc. of 19 March 2024, it was agreed, among others, the registration of the common shares representing the share capital of the aforementioned company in the Public Registry of the Securities Market and in the Securities Registry of the Lima Stock Exchange;

That, in accordance with the provisions of article 28, numeral 28.3 of the Regulation for Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange, approved by Resolution No. 031-2012-SMV/01 and its amending norms, the Lima Stock Exchange S.A., by means of Letter EMI-302/2024, indicated to the SMV that, having carried out the review of the file corresponding to the request of Sierra Metals Inc., it had no observation regarding said information;

That, Sierra Metals Inc. has submitted the information and documentation required by article 29 of 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 registration of its common shares representing its share capital, which have the status of foreign securities that are admitted to trading on a foreign Stock Exchange included in Section I of Annex No. 15 of the aforementioned regulation;

Electronic document digitally signed within the framework of Law No. 27269, Law of Signatures and Digital Certificates, its Regulation and amending norms. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

Electronic document digitally signed within the framework of Law No. 27269, Law of Signatures and Digital Certificates, its Regulation and amending norms. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml

That, in accordance with the provisions of article 24, numeral 24.1.1 of the Regulation for Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange, if the security is previously registered in any foreign Stock Exchange or Organized Market included in Section I of Annex No. 15 of the aforementioned regulation, the issuer and its securities are subject exclusively to the norms and provisions of their market of origin and, therefore, the norms of public takeover bid and public purchase offer for exclusion are not enforceable to them;

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 No. 014-2014-SMV/01 and its amending norms, establishes that the decisions contained in administrative resolutions that resolve, among others, the registration of securities in 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 (www.gob.pe/smv); and,

In accordance with the provisions of article 19 and following of the Single Ordered Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF; articles 24, 28 and 29 of the Regulation for 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 Superintendency of the Market in Securities, approved by Supreme Decree No. 216-2011-EF and its amending norms, which empowers the General Intendancy of Conduct Supervision to order the registration of securities in the Public Registry of the Securities Market.

Resolves:

Article 1.- To order the registration of the common shares representing the share capital of Sierra Metals Inc. in the Public Registry of the Securities Market, under the charge of the Superintendency of the Market in Securities – SMV.

Article 2.- To rule in favor of the registration of the securities indicated in the preceding article in the Securities Registry of the Lima Stock Exchange.

Article 3.- The registration of the securities to which this resolution refers has not entailed administrative activities of verification or inspection, nor audit of the information submitted, nor an examination of the economic – financial situation of the issuer, in accordance with the provisions of article 21 of the Single Ordered Text of the Securities Market Law.

Likewise, the registration of the aforementioned securities does not imply certification by the Superintendency of the Securities Market – SMV as to their soundness, the solvency of the issuer, or the risks of the security or the offering; the issuer being responsible for the truthfulness of the information presented to the market, in accordance with the provisions of articles 13 and 24 of the Single Ordered Text of the Securities Market Law.

Electronic document digitally signed within the framework of Law No. 27269, Law on Signatures and Digital 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 4.- Disseminate this resolution on the SMV Institutional Page on the Single Digital Platform of the Peruvian State for Citizen Guidance (www.gob.pe/smv).

Article 5.- Transcribe this resolution to Sierra Metals Inc., as issuer, to Bolsa de Valores de Lima S.A.; and to CAVALI S.A. I.C.L.V.

Register, communicate and disseminate.

Alix Godos
General Intendant
General Intendancy of Conduct Supervision