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EXCHANGE AGREEMENT Nº 27 (SICAD II)

On March 10th, 2014, it was published the Exchange Agreement No. 27 throughout the Official Gazette No. 40.368, which will regulate the currency transactions through the Alternative System of Foreign Exchange (SICAD II), administrated by the Central Bank of Venezuela (BCV) and the Finance, Economy and Public Banking Ministry (Ministry), referred to the operations of sale and purchase, in national currency, of foreign currency as well as Titles denominated in foreign currency, issued by the Republic, its decentralized entities or any other entity, public or private, national of foreign, that is registered and quote on international markets.

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