Date completed: Friday January 28th, 2011.

Value ($): US$ 102,999,258.40

Contact: Juan Pablo González Mejía, Attorney of Esguerra Barrera Arriaga S.A. (outside counsel in Colombia of Protección, S.A.)

Arias & Muñoz team that worked in the transaction: Ana Mercedes López (Partner); José Carlos Bahaia, Mario Lozano y Javier Aguilar (Associates)

Your firm’s role on the deal (including which jurisdiction’s law it advised on): participation in the local due diligence of “AFP CRECER, S.A.” as well as the review and advise of the corresponding purchase document.

Brief description of the deal: acquisition of 99.99% of the stocks of “AFP CRECER, S.A.”

Brief description of why the deal is innovative: “AFP CRECER” is regulated by the Pensions Superintendence and through the operation the Company is being separated from the “Banco Agricola” Conglomerate.

Other lawyers involved in the deal: Esguerra Barrera Arriaga and the in-house team of Banco Agrícola.