<SEC-DOCUMENT>0001144204-18-003298.txt : 20180123
<SEC-HEADER>0001144204-18-003298.hdr.sgml : 20180123
<ACCEPTANCE-DATETIME>20180123160629
ACCESSION NUMBER:		0001144204-18-003298
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180123
FILED AS OF DATE:		20180123
DATE AS OF CHANGE:		20180123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMICAL & MINING CO OF CHILE INC
		CENTRAL INDEX KEY:			0000909037
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			F3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-65728
		FILM NUMBER:		18542461

	BUSINESS ADDRESS:	
		STREET 1:		EL TROVADOR 4285, 6TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5624252485
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tv483909_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Form 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">For the month of January, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Commission File Number 33-65728</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>CHEMICAL AND MINING COMPANY
OF CHILE INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Translation of registrant&rsquo;s
name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>El Trovador 4285, Santiago,
Chile (562) 2425-2000</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of principal executive
office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 35%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Form 20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant&rsquo;s &ldquo;home country&rdquo;), or under the rules of the home country exchange on which the registrant&rsquo;s
securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed
to the registrant&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission
or other Commission filing on EDGAR.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #004600"><FONT STYLE="font-size: 8pt"><B>SQM</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600"><FONT STYLE="font-size: 8pt">Los
Militares 4290 Piso 6,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600"><FONT STYLE="font-size: 8pt">Las
Condes, Santiago, Chile</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600"><FONT STYLE="font-size: 8pt">Tel:
(56 2) 2425 2485</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #004600"><FONT STYLE="font-size: 8pt">Fax:
(56 2) 2425 2493</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #004600"><FONT STYLE="font-size: 8pt">www.sqm.com</FONT></P>
</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;<IMG SRC="image_001.jpg" ALT="ElementQ" STYLE="height: 74px; width: 59px"></TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;<B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Santiago, Chile. January 23, 2018.-
</B>Sociedad Qu&iacute;mica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) informed that it has
filed its Corporate Governance Practices with the&nbsp;<I>Superintendencia de Valores y Seguros, &ldquo;SVS&rdquo;,&nbsp;</I>(Superintendent
of Securities and Insurance) in accordance with General Rule N&deg;385. This response was approved by the Board of Directors of
SQM. This document refers to the Corporate Governance Policy, which is available on the company webpage at&nbsp;<FONT STYLE="color: blue"><U>www.sqm.com</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Practice</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Adoption</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 80%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2.5pt; border-right: Black 1pt solid; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>YES</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2.5pt; border-right: Black 1pt solid; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>NO</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>1. Function and composition of the Board of Directors.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>a) The Board of Directors has a procedure or mechanism in place for the orientation of every new member, in order to make it easier for him or her to know and understand:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The businesses, and its issues and risks, including those regarding sustainability, considered as most relevant, as well as the reasons why they are so relevant according to the Board.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>Corporate Governance
        Policy (CGP) Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All new members of the Board will receive
        an orientation to the Company upon joining the Board regarding the Company, its business, risks, policies, procedures, principal
        accounting criteria, sustainability and the legal framework applicable to the Company and its Directors. Within 60 days of the
        new board being elected, the board will be provided with pertinent information related to the Company, including, but not limited
        to the Company&rsquo;s by-laws http://ir.sqm.com/English/investor-relation/corporate-governance/default.aspx, Code of Ethics http://ir.sqm.com/English/investor-relation/corporate-governance/default.aspx,
        Manual for the Management of Information http://ir.sqm.com/English/investor-relation/corporate-governance/default.aspx, Monthly
        Management Report, Sustainability Report http://ir.sqm.com/English/investor-relation/Annual-information/default.aspx, most recent
        20-F http://ir.sqm.com/English/investor-relation/Annual-information/default.aspx and annual report http://ir.sqm.com/English/investor-relation/Annual-information/default.aspx.
        Through receipt of the 20-F, the Board will receive a list of all material contracts, and a full copy of the previous year&rsquo;s
        financial statements. The Board has access to the Company website, through which it can access pertinent information about the
        Company, including but not limited to all recent financial statements and press releases issued by the Company and important Company
        policies. The Company will coordinate meetings with relevant management to discuss the business issues and risks, including those
        related to sustainability, site visits and other briefings as appropriate. The Board has access to an information sharing system,
        which allows each Board member safe, secure, remote and permanent access to all of the documents mentioned above.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The relevant interest groups as identified by the entity as well as the reasons why they are relevant according to the Board, and the main mechanisms used to know their expectations and to maintain a stable and long term relationship with them.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company publishes a Sustainability
        Report to provide further information on its social and environmental performance. As part of the Sustainability Report, the Company
        identifies the relevant interest groups as well as the reason why said groups are identified as such. It also identifies indicators
        measured by the Company in matters related to social responsibility and sustainable development. Annually, the Board reviews and
        approves a copy of the Sustainability report, and also new Board members receive a copy as part for the orientation for new Board
        members.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The mission, vision, strategic goals, and values that should guide the company, its Directors and personnel, and the inclusion, diversity, sustainability and risk management policies approved by the Board.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All new members of the Board will receive
        an orientation to the Company upon joining the Board regarding the Company, its business, risks, policies, procedures, principal
        accounting criteria, sustainability and the legal framework applicable to the Company and its Directors. Within 60 days of the
        new board being elected, the board will be provided with pertinent information related to the Company, including, but not limited
        to the Company&rsquo;s by-laws, Code of Ethics, Manual for the Management of Information, Monthly Management Report, Sustainability
        Report, most recent 20-F and annual report. Through receipt of the 20-F, the Board will receive a list of all material contracts,
        and a full copy of the previous year&rsquo;s financial statements. The Board has access to the Company website, through which it
        can access pertinent information about the Company, including but not limited to all recent financial statements and press releases
        issued by the Company and important Company policies.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">iv) The most relevant legal framework applicable to the company, its Board and its main executives.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All new members of the Board will receive
        an orientation to the Company upon joining the Board regarding the legal framework applicable to the Company and its Directors.
        As part of the new Board orientation the new members can meet with the Company&rsquo;s General Counsel or senior management at
        any time to discuss any aspect of the Company&rsquo;s business.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) The duties of safekeeping, reservation, loyalty, diligence and information that fall on each member of the Board according to the current law, through examples of the most relevant verdicts, sanctions or pronouncements regarding those duties that occurred locally in the previous year.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Explanation:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board orientation procedure or mechanism
        in place aims to facilitate the duties of safekeeping, reservation, loyalty, diligence and information that falls on each Board
        member according to the current law, though it doesn&rsquo;t consider examples of the most relevant verdicts, sanctions or pronouncements
        regarding those duties that occurred locally in the previous year. This conforms with Section 6 of the CGP which states that, if
        necessary, the Board will request a meeting with internal or external counsel to explain the most relevant verdicts, sanctions
        or pronouncements relating to the duties of safekeeping, reservation, loyalty, diligence and information that have occurred both
        locally and international markets that could have an impact on the Company. The Board does not require the Board orientation have
        a procedure or mechanism in place that aims to facilitate the duties of safekeeping, reservation, loyalty, diligence and information
        that falls on each Board member according to the current law because the Board may request a meeting with internal or external
        counsel as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vi) The main agreements adopted in the last 2 years prior to the beginning of its term and the reasons considered to adopt such agreements or to discard other options evaluated.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board orientation procedure or mechanism
        in place aims to facilitate the comprehension and knowledge process of the main agreements adopted in the last two years prior
        to the beginning of its term. However, the Board does not receive a copy of all the main agreements adopted, nor reasons considered
        to adopt such agreements or discard other options because the Board has made management responsible for main agreements signed
        within the Company with the exception of contracts with a value over US$20 million, which the Board is required to review and approve.
        The Board has access to an information sharing system, which allows each Board member safe, secure, remote and permanent access
        to all of the documents which are included in the Board orientation.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vii) The most relevant parts of the quarterly and annual financial statements of the previous year, as well as their related explanatory notes.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All new members of the Board will receive
        an orientation to the Company upon joining the Board regarding the Company and its principal accounting criteria. Within 60 days
        of the new board being elected, the board will be provided with pertinent information related to the Company, including, but not
        limited to the most recent 20-F and annual report. Through receipt of the 20-F, the Board will receive a full copy of the previous
        year&rsquo;s financial statements. The Board has access to the Company website, through which it can access pertinent information
        about the Company, including but not limited to all recent financial statements, the monthly management report, and press releases
        issued by the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">viii) Anything that according to the Board represents a conflict of interest and how it should be dealt with, according to the Board or to the Code or Manual established for this purpose, notwithstanding any conflict of interest explicitly addressed by the law.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Within 60 days of the new board being elected,
        the board will be provided with pertinent information related to the Company, including, but not limited to the Company&rsquo;s
        Code of Ethics.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Code of Ethics describes, among other
        things: i) the expected behavior of Company Directors and employees, ii) what is understood as conflict of interest, iii) the main
        situations that constitute a conflict of interest, iv) the procedure that a director must follow to declare and resolve a possible
        conflict of interest and v) policies and procedures relating to anti-corruption. The Code of Ethics shall be reviewed by the Board
        and updated, if necessary, annually.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>b) The Board has a permanent training procedure or mechanism in place to better understand what:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) Defines at least annually the subjects in which there will be training for its members and the training calendar for the year.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Professional development of the Board is
        encouraged through a formal training procedure. Notwithstanding, each year the Board will evaluate its own processes and performance
        through a Board Assessment designed to promote the Board&rsquo;s on-going effectiveness and continuous improvement. This evaluation
        may be performed by a third party. As a part of this evaluation, the Board will review itself, its Chairman, and its CEO, including
        but not be limited to evaluating the following items:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
        </FONT>Any areas that it feels should be examined further to increase the effectiveness of the Board and the Company;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
        </FONT>Any areas in which its members can strengthen and continue improving his or her personal performance on the Board;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
        </FONT>Any organization, social or cultural barriers that could be inhibiting the natural diversity of capabilities, visions, characteristics
        and conditions that could have taken place at the Board level had these barriers not existed;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
        </FONT>The considerations of any change to the organization and the functions of the Board in crisis situations; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;
        </FONT>Any areas of possible improvement related to the Company&rsquo;s disclosure policies and procedures, ensuring that disclosure
        are easily understood by the public and that it is released in a timely manner.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the conclusion of this evaluation the
        Board will define any specific training measures that it feels should be carried out, and will consider advisory services from
        third-party experts to aid in the detection and implementation of possible improvements.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) As a part of these subjects. includes the best corporate governance practices adopted by other entities, both locally and internationally.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On an annual basis, the Board, through
        a Corporate Governance Committee will review its Corporate Governance Policy. As part of this process, the Board will review best
        corporate governance practices adopted by other entities, both locally and internationally.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) As a part of these subjects, includes the main advances that have occurred both locally and internationally regarding inclusion, diversity and sustainability reports.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its ongoing training the Board
        must remain informed of any relevant regulatory changes, both locally and internationally, related to inclusion, diversity and
        sustainability. This was not implemented in 2017. This was not implemented in 2017.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">iv) As a part of these subjects, includes the main risk management tools, including sustainability risks that have been implemented both locally and internationally in the last year.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its ongoing training, the Board
        must remain informed of any relevant regulatory changes, both locally and internationally, related to sustainability and risk management.
        This was not implemented in 2017.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) As a part of these subjects, includes the most relevant verdicts, sanctions or pronouncements that have occurred both locally and internationally in the last year regarding the duties of safekeeping, reservation, loyalty, diligence and information.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of its ongoing training, the Board
        must remain informed of any relevant regulatory changes, both locally and internationally, related to inclusion, diversity, sustainability,
        and risk management. If necessary, the Board will request a meeting with internal or external counsel to explain the most relevant
        verdicts, sanctions or pronouncements relating to the duties of safekeeping, reservation, loyalty, diligence and information that
        have occurred both locally and international markets that could have an impact on the Company. This was not implemented in 2017.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vi) As a part of these subjects, includes a review of examples of situations that represent conflicts of interest in the Board, and ways in which such conflicts of interest can be avoided or resolved in the best social interest.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1-1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board approves a Code of Ethics which
        describes, among other things, i) the expected behavior of Company Directors and employees, ii) what is understood as conflict
        of interest, iii) the main situations that constitute a conflict of interest, iv) the procedure that a director must follow to
        declare and resolve a possible conflict of interest and v) policies and procedures relating to anti-corruption. The Code of Ethics
        shall be reviewed by the Board and updated, if necessary, annually. This was not implemented in 2017.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vii) Annually divulges the subjects over which there have been training sessions for the Board in the last year.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation:</B> The Board training sessions are disclosed in the Annual Report. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>c) The Board of Directors has a policy to hire experts to advise them in matters of accounting, tax, financial, legal and others:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) That includes the possibility of veto by one or more Directors for the hiring of a particular advisor.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 3</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board does not have a policy in which
        it can hire experts to advise them in matters related to accounting, tax, financial, legal or other issues. However, in performing
        its functions, the Board is entitled to rely on the advice, reports and opinions of management, counsel, accountants, auditors
        and other expert advisors, and shall have the authority to retain and approve the fees and retention terms of its outside advisors
        except to the extent that sole authority to retain certain advisors has been delegated by the Audit and Financial Risk Committee.
        The Board does not believe that the possibility of veto by one or more Directors for the hiring of a particular advisor would be
        in the best interest of the Board as it could significantly delay the hiring of relevant and necessary advisors; the Board uses
        its efforts to make these decisions unanimously.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) That if required by at least one of its members, the advisor is hired for the matter required by him or her.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board does not have a policy in which at least one of its members can hire advisors for a matter required by him or her. The Board conforms with its general rules, and makes these decisions as an entity, and any Director has the ability to propose a third party consultant.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) That includes the disclosure, at least once a year, of the advisories requested and not hired, explaining the reasons why the Board made that particular decision, which must also be appropriately stated in the minute of that session.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board does not have a policy in which
        it discloses at least once a year the advisories requested and not hired. It does not explain the reasons why the Board makes a
        particular decision, and does not necessarily state these reason in the minute of that session</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As necessary, meeting minutes include requests
        made by Board members, but the Board does not feel it necessary to disclose all advisors requested by all Board members.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>d) The Board of Directors meets at least quarterly with the external auditor in charge of auditing the company&rsquo;s financial statements, in order to analyze:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The audit program or plan. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet quarterly
        with the external auditor in charge of auditing the Company&rsquo;s financial statements in order analyze the audit plan or annual
        program, the Audit and Financial Risk Committee meets as necessary, but at least twice per year, with the external auditing firm.
        The Board believes it is sufficient and more efficient to have two mandatory meetings with the external auditor per year, in which
        the above material will be discussed. Nevertheless, the Board can request an additional meeting with the external auditor as it
        feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) Possible differences detected in the audit process regarding accounting practices, management systems and internal audit.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet quarterly
        with the external auditor in charge of auditing the Company&rsquo;s financial statements in order to analyze the possible differences
        detected in the audit in regard to accounting practices, administrative systems, and internal auditing, The Audit and Financial
        Risk Committee meets at least twice a year. The Board believes it is sufficient and more efficient to have two mandatory meetings
        with the external auditor per year, in which the above material will be discussed. Nevertheless, the Board can request an additional
        meeting with the external auditor as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) Possible serious deficiencies detected and any irregular situation that must be communicated to the appropriate regulators due to its nature.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the external auditor in charge of auditing the Company&rsquo;s financial statements in order to analyze possible
        serious deficiencies that may have been detected and those irregular situations which due to their nature must be informed to the
        competent regulatory agencies. The Audit and Financial Risk Committee meets as necessary, but at least twice per year with the
        external auditing firm. The Board believes it is sufficient and more efficient to have two mandatory meetings with the external
        auditor per year, in which the above material will be discussed. Nevertheless, the Board can request an additional meeting with
        the external auditor as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) The results of the annual audit program.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the external auditor in charge of auditing the Company&rsquo;s financial statements in order to analyze results
        of the annual audit program, the Audit and Financial Risk Committee meets as necessary, but at least twice per year with the external
        auditing firm. The Board believes it is sufficient and more efficient to have two mandatory meetings with the external auditor
        per year, in which the above material will be discussed. Nevertheless, the Board can request an additional meeting with the external
        auditor as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">v) The possible conflicts of interest that can exist regarding the audit company or its personnel, both due to the provision of other services to the company or other companies in its holding, or due to other reasons.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the external auditor in charge of auditing the Company&rsquo;s financial statements in order to analyze possible
        conflicts of interest that could exist in regard to the external auditing firm or its personnel, due to the provision of other
        services to the company or to the companies of the corporate group, and due to situations The Audit and Financial Risk Committee
        shall meet as necessary, but at least twice per year, with the external auditing firm. The Board believes it is sufficient and
        more efficient to have two mandatory meetings with the external auditor per year, in which the above material will be discussed.
        Nevertheless, the Board can request an additional meeting with the external auditor as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>e) The Board of Directors meets at least quarterly with the company&rsquo;s risk management unit or responsible person, in order to analyze:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The correct function of the risk management process.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s risk management unit to analyze the correct function of the risk management process, the Audit
        and Financial Risk Committee and the Board meet as necessary, but not less than twice per year with the Company&rsquo;s Risk Management
        and Compliance Officer. The Board believes it is sufficient and more efficient to have two mandatory meetings with the Company&rsquo;s
        risk management unit per year, in which the above material will be discussed. Nevertheless, the Board can request an additional
        meeting with the Company&rsquo;s risk management unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) Risk matrix used by the Company, as well as the main sources of risks and the methodology for the detection of new risks, and of those, the probability and impact of them occurring.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s risk management unit to review the Company&rsquo;s risk matrix used by the Board, as well as
        the main sources of risks and the methodology for the detection of new risks, and of those, the probability and impact of them
        happening, the Audit and Financial Risk Committee and the Board meet as necessary, but not less than twice per year with the Company&rsquo;s
        Risk Management and Compliance Officer<B>. </B>The Board believes it is sufficient and more efficient to have two mandatory meetings
        with the Company&rsquo;s risk management unit per year, in which the above material will be discussed. Nevertheless, the Board
        can request an additional meeting with the Company&rsquo;s risk management unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The recommendations and improvements that according to the unit would be appropriate to make in order to manage the company&rsquo;s risks in a better way.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s risk management unit to analyze the recommendations and improvements that, according to the
        Risk Management and Compliance Officer, would make the Company&rsquo;s risk management more effective, the Audit and Financial
        Risk Committee and the Board meet as necessary, but not less than twice per year with the Company&rsquo;s Risk Management and Compliance.
        The Board believes it is sufficient and more efficient to have two mandatory meetings with the Company&rsquo;s risk management
        unit per year, in which the above material will be discussed. Nevertheless, the Board can request an additional meeting with the
        Company&rsquo;s risk management unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) The contingency plans designed to react to the occurrence of critical events, including the continuity of the Board in crisis situations.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s risk management unit to review the contingency plans designed to react to the occurrence of
        critical events, including the continuity of the Board in crisis situations, the Audit and Financial Risk Committee and the Board
        meet as necessary, but not less than twice per year with the Company&rsquo;s Risk Management and Compliance Officer. The Board
        believes it is sufficient and more efficient to have two mandatory meetings with the Company&rsquo;s risk management unit per year,
        in which the above material will be discussed. Nevertheless, the Board can request an additional meeting with the Company&rsquo;s
        risk management unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>f) The Board of Directors meets at least quarterly with the company&rsquo;s internal audit unit, compliance officer or responsible person, in order to analyze:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The annual audit program or plan.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s Internal Audit unit to analyze the audit program or annual plan, the Audit and Financial Risk
        Committee and the Board meet as necessary, but not less than twice per year with the Company&rsquo;s Internal Audit Manager. The
        Board believes it is sufficient and more efficient to have two mandatory meetings with the Company&rsquo;s Internal Audit unit
        per year, in which the above material will be discussed. Nevertheless, the Board can request an additional meeting with the Company&rsquo;s
        Internal Audit unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) Possible serious deficiencies detected and any irregular situation that due to its nature must be communicated to the appropriate regulators or to the Public Prosecutor.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Explanation:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board does not meet at least quarterly
        with the Company&rsquo;s Internal Audit unit to analyze possible serious deficiencies detected and any irregular situation that
        due to its nature must be communicated to the appropriate regulators or to the Public Prosecutor. Notwithstanding, the Board has
        access to the internal whistle blower system, and will make decisions on a cases by case basis. In the event of a serious deficiency,
        the Board will be informed as soon as possible. The Audit and Financial Risk Committee and the Board meet as necessary, but not
        less than twice per year with the Company&rsquo;s Internal Audit Manager. The Board believes it is sufficient and more efficient
        to have two mandatory meetings with the Company&rsquo;s Internal Audit unit per year, in which the above material will be discussed.
        Nevertheless, the Board can request an additional meeting with the Company&rsquo;s Internal Audit unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The recommendations and improvements that according to the unit would be appropriate to make in order to minimize the occurrence of irregularities or frauds.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s Internal Audit unit to analyze the recommendation and improvements from the Internal Audit unit
        in an effort to minimize the occurrence of irregularities or fraud, the Audit and Financial Risk Committee meet as necessary, but
        not less than twice per year, with the Company&rsquo;s Internal Audit Manager. The Audit and Financial Risk Committee and the Board
        meet as necessary, but not less than twice per year, with the Company&rsquo;s Internal Audit Manager. The Board believes it is
        sufficient and more efficient to have two mandatory meetings with the Company&rsquo;s Internal Audit unit per year, in which the
        above material will be discussed. Nevertheless, the Board can request an additional meeting with the Company&rsquo;s Internal Audit
        unit as it feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) The effectiveness of the crime prevention models implemented by the company.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.B</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s Internal Audit unit to review the effectiveness of the crime prevention models implemented by
        the Company, the Audit and Financial Risk Committee meet as necessary, but not less than twice per year, with the Company&rsquo;s
        Internal Audit Manager and the Risk Management and Compliance Officer. The Audit and Financial Risk Committee and the Board meet
        as necessary, but not less than twice per year with the Company&rsquo;s Internal Audit Manager. The Board believes it is sufficient
        and more efficient to have two mandatory meetings with the Company&rsquo;s Internal Audit unit per year, in which the above material
        will be discussed. Nevertheless, the Board can request an additional meeting with the Company&rsquo;s Internal Audit unit as it
        feels necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt"><B>g) The Board of Directors meets at least quarterly with the company&rsquo;s social responsibility and sustainable development unit or responsible person, in order to analyze:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The effectiveness of the policies approved by the Board.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 9</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s social responsibility and sustainable development unit to analyze the effectiveness of the policies
        approved by the Board, the Board has created a Safety, Health, and Environment Committee (the &ldquo;SHEC&rdquo;) to assist the
        Board in its review of the Company&rsquo;s policies and changes or improvements to policies with respect to safety, health, environmental,
        sustainability, and social matters affecting the Company. The SHE Committee meets at least twice a year with the Company&rsquo;s
        social responsibility and sustainable development unit. The SHEC presents its key findings to the entire Board. The Board believes
        it current policy is sufficient where the SHEC is required to meet with the with the Company&rsquo; social responsibility and sustainable
        development unit twice per year. The Board can request additional meetings as it sees fit or necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The detected organizational, social or cultural barriers that could be inhibiting the natural diversity that would have taken place without those barriers.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 9</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board does not meet at least
        quarterly with the Company&rsquo;s social responsibility and sustainable development unit to analyze detected organizational, social
        or cultural barriers that could be inhibiting the natural diversity that would have taken place without those barriers, the SHE
        Committee meets at least twice a year with the Company&rsquo;s social responsibility and sustainable development unit. The SHEC
        presents its key findings to the entire Board.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board believes it current policy is
        sufficient where the SHEC is required to meet with the with the Company&rsquo; social responsibility and sustainable development
        unit twice per year. The Board can request additional meetings as it sees fit or necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The usefulness and acceptance of the sustainability reports disclosed to the relevant interest groups of the company.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 9</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board does not meet at least quarterly
        with the Company&rsquo;s social responsibility and sustainable development unit to review the usefulness and acceptance of the
        sustainability reports disclosed to the relevant interest groups of the Company. However, the Company annually publishes a Sustainability
        Report that is reviewed by the Board, and the usefulness and acceptance of the Sustainability Report as received by relevant interest
        groups is received by the Board.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SHE Committee meets at least twice
        a year with the Company&rsquo;s social responsibility and sustainable development unit. The SHEC presents its key findings to the
        entire Board.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board believes it current policy is
        sufficient where the SHEC is required to meet with the with the Company&rsquo; social responsibility and sustainable development
        unit twice per year. The Board can request additional meetings as it sees fit or necessary.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>h) The Board of Directors visit the different offices and facilities of the company every year, in order to know:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The state and operation of those offices and facilities.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has more than twenty commercial
        offices, and over ten joint ventures around the world. It is not feasible to visit all offices and facilities every year. However,
        Board members will use his or her best efforts to visit at least two facilities each year During 2017, the Board visited the Salar
        de Atacama, where the company maintains several relevant facilities.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The main functions and concerns of those who work in these offices and facilities.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has more than twenty commercial
        offices, and over ten joint ventures around the world. It is not feasible to visit all offices and facilities every year. However,
        Board members will use his or her best efforts to visit at least two facilities each year During 2017, the Board visited the Salar
        de Atacama, where the company maintains several relevant facilities.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The recommendations and improvements that according to the people responsible for those offices and facilities would be appropriate to make in order to improve their operations.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has more than twenty commercial
        offices, and over ten joint ventures around the world. It is not feasible to visit all offices and facilities every year. However,
        Board members will use his or her best efforts to visit at least two facilities each year During 2017, the Board visited the Salar
        de Atacama, where the company maintains several relevant facilities.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>i) Out of the meetings held for every point referred to in the previous letters d) to f), at least one for each point is held without the CEO of the company.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During every meeting with the Risk Management
        and Compliance Officer, the Internal Audit Manager, and the External Auditor, the Board will have an opportunity to meet with him
        or her without the presence of management. During 2017, the Board has always had an opportunity to meet with each of these executives
        without management presence, but meetings without the presence were not deemed necessary and didn&rsquo;t take place.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>j) The Board has a formal continual improvement procedure in place:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) To detect and implement possible improvements in its organization and its functions.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place to detect and implement possible improvements in its organization and its functions. Each year the Board will
        evaluate its own processes and performance through a Board Assessment designed to promote the Board&rsquo;s on-going effectiveness
        and continuous improvement.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) To detect the areas in which its members can strengthen and continue improving.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place to detect the areas in which its members can strengthen and continue improving their skills. Each year the Board
        will evaluate its own processes and performance through a Board Assessment to evaluate any areas in which its members can strengthen
        and continue improving his or her personal performance on the Board.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) To detect and reduce organizational, social or cultural barriers within the Board that could be inhibiting the natural diversity of capabilities, visions, characteristics and conditions that could have taken place within the Board without those barriers.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place to detect and reduce the organization, social or cultural barriers within the Board that could be inhibiting
        the natural diversity capabilities, visions, characteristics and conditions that could have taken place within the Board if those
        barriers did not exist. Each year the Board will evaluate its own processes and performance through a Board Assessment designed
        to promote the Board&rsquo;s on-going effectiveness and continuous improvement. As part of this evaluation, the Board will review
        itself, its Chairman, its and CEO evaluating, among other things, the social or cultural barriers that could be inhibiting the
        natural diversity, capabilities, visions, characteristics and conditions that could have taken place within the Board without these
        barriers.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">iv) That, notwithstanding any legal obligation, specifically including the determination of the minimum number of ordinary meetings, their minimum average time of face-to-face and remote dedication, the amount of time in advance that the summoning should be submitted, and the appropriate information required for their correct execution, recognizing the particular characteristics of the company as well as the diversity of experiences, conditions and knowledge existing in the Board, according to the complexity of the matters to discuss.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 2</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As discussed in article 15 of the Company&rsquo;s
        By-laws, the Board will meet or be in session at least once a month. Directors are expected to attend Board meetings in person
        or via telephone conference, in which proper means are in place. Members of the Board and the Committees, upon which they serve,
        are expected to attend meetings fully prepared and to remain in attendance for the duration of the meeting. Board meeting attendance
        will be disclosed annually in the Board Report Card, which is published on the Company website.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to article 13 of the Company
        By-laws, a Director who does not attend 3 consecutive meetings due to reasons not considered reasonable by the Board, will as a
        matter of fact stop performing his or her functions, and must be replaced without delay and formalities. In this case, and in the
        event of conflict of duties, resignation, dismissal, death, bankruptcy, or any other inability disabling a director to perform
        his duties, the Board will proceed to appoint the replacement Director(s) pursuant to the Law who will stay in office and perform
        his or her duties until the next shareholder&rsquo;s meeting to be held by the Company and at which all Directors are to be re-elected.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) That specifically considers any change, if necessary, in the organization and functions of the Board in contingency or crisis situations.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place that specifically considers any change, if necessary, in the organization and functions of the Board in contingency
        or crisis situations. Each year the Board will evaluate its own processes and performance through a Board Assessment designed to
        promote the Board&rsquo;s on-going effectiveness and continuous improvement. As part of this evaluation, the Board will review
        itself, its Chairman, and its CEO, evaluating, among other things, the considerations of any change to the organization and the
        functions of the Board in crisis situations.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the conclusion of this evaluation, the
        Board will define any specific training measures that it believes should be carried out, and will consider advisory services from
        third-party experts to aid in the detection and implementation of possible improvements.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vi) That considers the advice of an outside expert for the detection and implementation of these possible improvements or areas of weakness.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place that considers the advice of an outside expert for the detection and implementation of these possible improvements
        or strengthening areas. Each year the Board will evaluate its own processes and performance through a Board Assessment designed
        to promote the Board&rsquo;s on-going effectiveness and continuous improvement. This evaluation may be performed by a third party.
        As a part of this evaluation, the Board will review itself, its Chairman, and its CEO.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 38.05pt; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the conclusion of this evaluation the
        Board will define any specific training measures that it believes should be carried out, and will consider advisory services from
        third-party experts to aid in the detection and implementation of possible improvements.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vii) That the detection referred to by the previous points i) to iii) is done at least annually.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Explanation: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal continual improvement
        procedure in place that reviews point i to iii listed above on an annual basis.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>k) The Board has an information technology system in place, accessible by every Director, that:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) Allows him or her safe, remote and permanent access to all minutes and documents shown in every Board meeting over the last three years, through a mechanism that allows their indexing and information searches.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation:</B> The Board currently does have the information technology system in place that allows every Board Member safe, remote and permanent access every minute and document shown in every Board meeting over the last three years through a mechanism that allows an indexing and information search. During 2016, the Board implemented a Board sharing mechanism with allows the Board safe, remote and permanent access to every minutes and document shown in every Board meeting. Therefore, the Board has access to the information requested in this item for the past two years,. In one more year, the Board will comply with this item.&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">ii) Allows him to access
safely and remotely, and notwithstanding the legal obligations regarding summoning submission deadlines and contents, to the agenda
and presentation materials that summarize all the matters to be discussed in said session, and every piece of information that
will be presented in that session or additional information necessary to prepare for it.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a system in place that allows
        every Board Member safe, remote and permanent access, (notwithstanding any legal deadlines to summon a meeting) to the agenda and
        presentation materials that summarize all the matters to be discussed in Board meetings, and every piece of information that will
        be presented in a Board meeting, or additional information necessary to prepare for said meeting. The Board may also ask or receive
        regular reports which include analysis of key metrics in respect to operational and financial information. The Board secretary
        is responsible for ensuring that information is sent to the Board in a timely manner.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The meeting minutes will be provided to
        the Board as quickly as possible in Spanish, with a translation to English, before being executed by all required parties. Board
        members will have time to review Board meeting minutes in either language before executing them.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) Allows the access referred to by point ii) at least five days prior to the session.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board currently does have an information
        technology system in place which allows every Board member safe, remote and permanent access to the material listed in point ii,
        above, at least five days prior to Board meetings. Meeting materials and information shall be distributed in advance of each meeting.
        Any necessary meeting materials can be provided in either English or Spanish upon the request of any Board member.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">However, as Board materials are subject
        to change until the moment of the meeting, the Company cannot guarantee that all board materials will be accessible five days prior
        to the session.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will use its best effort to
        send them as soon as possible.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) Grants him safe, remote and permanent access to the whistleblower system implemented by the company.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board does not currently does not have the information technology system in place that grants every Board Member safe, remote and permanent access the whistleblower system implemented by the Company. The Board does not have access to this information; it isreceived by the Internal Audit Manager who reports to the Audit and Financial Risk Committee, and he or she can answer questions for the Board relating to whistleblower system. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) Allows him to review the final text of the minute of said session.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 3</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a system in place in which
        Board members are allowed to review the final text of meeting minutes. The meeting minutes will be provided to the Board as quickly
        as possible in Spanish, with a translation in English before being executed by all required parties.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vi) Allows the review of information referred to in point v) in no more than five days following the session.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 3</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board does not currently have the information
        technology system in place that allows every Board Member to review the information referred to in point v above, to no more than
        five days following the session. However, the meeting minutes will be provided to the Board as quickly as possible in Spanish,
        with a translation in English. The Board members will have time to review the meeting minutes in either language before executing
        them. There is no guarantee that translations will be complete within five days.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2. Relationship between the company, the shareholders and the general public.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>a) The Board has implemented a formal procedure for shareholders to be informed:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) With at least 3 months before the shareholder&rsquo;s meeting in which board members will be elected, the diversity of capabilities, conditions, experiences and visions that according to the Board are appropriate to be a Board Member to possess in an effort to protect social interest.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 5</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has not implemented a formal
        procedure as specific as the requirement outlined above, in which shareholders will be informed at least three months before Board
        elections, regarding the diverse capabilities, conditions, experience and visions that according to the Board are appropriate for
        a Board Member to possess in an effort to protect social interest.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will be elected by the shareholders,
        and it is expected that Board members will possess the following qualifications: integrity, time available to perform the responsibilities
        necessary, the ability to critically and strategically assess challenges and opportunities presented to the Company, and a willingness
        to understand and commit to the highest standards of ethics.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of Board elections, the Company
        will make available to shareholders, as soon as possible, a document that contains the professional experience and profile of the
        candidates for Director, who has provided said information to the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) Before the voting, of the maximum number of Boards memberships that, according to the Board, is appropriate for the Directors elected by the shareholders to have.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Explanation:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has not implemented a procedure
        in which before the Board election, the maximum number of Board memberships that, according to the Board is appropriate for the
        Directors elected by the shareholders to hold. The Board does not implement a procedure because it believes that each Board member
        should be responsible for guaranteeing that he or she has the time available to successfully perform his or her Board duties.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) Before the voting, the experience, occupation or trade of the Board member candidate.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 5</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        in which shareholders will be informed before Board elections of the experience, occupation or trade of each Board member candidate.
        In the event of Board elections, the Company will make available to shareholders, as soon as possible, a document that contains
        the professional experience and profile of the candidates for Director, who have provided said information to the Company. The
        Company cannot guarantee that each candidate will provide this information in a timely manner.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">iv) Before the voting, if the Board member candidate has or has had contractual, commercial or other relations with the company&rsquo;s controller, main competitors or suppliers, in the last 18 months.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 5</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        in which shareholders will be informed before Board elections if a Board member candidate has had a contractual, commercial or
        other relationship with the Company&rsquo;s controlling group, main competitors or suppliers in the past eighteen months. The Company
        will request that each candidate disclose if he or she has had a contractual, commercial or other relationship with the Company&rsquo;s
        controlling group, main competitors or suppliers in the past eighteen months. Information responsive to points iii and iv above
        information apply to candidates who are nominated with enough advance notice necessary to prepare and disclose the above information.
        The Company cannot guarantee that each candidate will provide this information in a timely manner.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>b) The Board has implemented a formal mechanism, system or procedure that allows:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The shareholders to participate and exercise their right to vote remotely, in the same manner as the shareholders that are physically present at the meeting.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has not implemented a formal
        working procedure that allows the shareholders to participate and exercise their right to vote at shareholders&rsquo; meetings
        remotely in the same manner as the shareholders that are physically present at the meeting. The ADR shareholders vote via proxy
        card through the Bank of New York, which does not allow for real time voting.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The shareholders to observe remotely and in real time what happens in the shareholders&rsquo; meetings.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal working
        procedure that allows shareholders to observe remotely and in real time, what happens in the shareholders meeting. At the 2016
        and 2017 Annual General Shareholder Meeting, shareholders were given the opportunity to listen to the meeting live via a link on
        the Company&rsquo;s website. The Company will use its best efforts to allow shareholders to observe remotely what happens in real
        time in future shareholder meetings.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The general public to be informed in real time of the agreements adopted at the shareholder meetings.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal working
        procedure that allows the general public to be informed in real time of the agreements adopted at the shareholder meetings. At
        the 2016 ad 2017Annual General Shareholders&rsquo; Meeting, shareholders were given the opportunity to listen to the meeting live
        via a link on the Company&rsquo;s website. Any announcements will be made in both Spanish and English and will be made available
        on the Company&rsquo;s website, as well as filed with the appropriate regulatory agency, as required.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) The general public to be informed of the agreements adopted at the shareholder meetings, with a delay of no more than 5 minutes after the agreements are voted.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors has implemented
        a formal working procedure in which the general public will be informed of the agreements adopted at the shareholder meetings,
        with a delay of no more than five minutes after the agreements are voted on. At the 2016 and 2017 Annual General Shareholders&rsquo;
        Meeting, shareholders were given the opportunity to listen to the meeting live via a link on the Company&rsquo;s website. Following
        the shareholder meeting, the Company will make public as soon as possible any relevant resolutions that were adopted in the shareholder
        meeting. These announcements will be made in both Spanish and English and will be made available on the Company&rsquo;s website,
        as well as filed with the appropriate regulatory agency, as required.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt"><B>c) The Board has approved a policy and established formal procedures in order to provide annually the public information regarding:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) The policies adopted by the company related to the matters of social responsibility and sustainable development.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation: </B>CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has approved a policy and established
        formal procedures in order to annually provide the public information regarding the policies adopted by the Company related to
        matters of social responsibility and sustainable development. The Company has a website where shareholders may access all available
        public information regarding the Company. Specifically, the Company&rsquo;s website shall include the policies adopted related
        to social responsibility and sustainable development.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The relevant interest groups as identified by the company, as well as the reasons why said groups are defined as such.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has approved a policy and established
        formal procedures in order to annually provide the public information regarding the relevant interest groups as identified by the
        Company, as well as the reasons why said groups are defined as such. The Company publishes a separate Sustainability Report to
        provide further information on its social and environmental performance. As part of the Sustainability Report, the Company identifies
        the relevant interest groups as well as the reason why said groups are identified as such, and indicators measured by the Company
        in matters related to social responsibility and sustainable development.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The major risks of the company, including those related to sustainability, as well as the main sources of those risks.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has approved a policy and established
        formal procedures in order to annually provide the public information regarding the major risks of the Company, including those
        related to sustainability, as well as the main sources of those risks. The Company annually informs its shareholders about the
        principal risks faced by the Company. These main risks are published annually in the 20-F filing (Item 3.D Risk Factors) and in
        the annual report.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) The indicators measured by the company in matters related to social responsibility and sustainable development.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has approved a policy and established
        formal procedures in order to annually provide the public information regarding the indicators measured by the Company in matters
        related to social responsibility and sustainable development. The Company annually publishes a Sustainability Report to provide
        further information on its social and environmental performance. As part of the Sustainability Report, the Company identifies the
        indicators measured by the Company in matters related to social responsibility and sustainable development.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) The existence of goals and the evolution of the sustainability indicators.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Although the Board has not approved a policy
        and established formal procedures in order to annually provide the public information regarding the existence of goals and the
        evolution of the sustainability indicators, the Company annually publishes a Sustainability Report to provide further information
        on its social and environmental performance. As part of the Sustainability Report, the Company identifies the indicators measured
        by the Company in matters related to social responsibility and sustainable development.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>d) Regarding the definition of policies indicators and report format referred to by letter e), internationals standards have been followed, such as the directives of ISO 26000:2010, or the Principles and Standards of Reports and Disclosures of the &ldquo;Global Reporting lnitiative&quot; or the &quot;lnternational lntegrated Reporting Council&quot;.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>YES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 9</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company issues the following reports:
        i) a 20-F based on SEC guidelines, ii) a Sustainability Report base on international standards such as the directives of ISO 26000:2010,
        or the Principles and Standards of Reports and Disclosures of the Global Reporting lnitiative or the lnternational lntegrated Reporting
        Council, iii) an annual report based on SVS guidelines, and iv) financial statements based on both SEC and SVS guidelines.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Also, according to CGP Section 9, the SHEC
        Committee shall periodically review the safety, health, environmental and sustainability policies of the Company and, as appropriate,
        recommend changes in such policies to the Board of Directors or management. Regarding the definition of policies indicators and
        reports, the Board will ensure that international standards such as Global Reporting Initiative or equivalent have been followed.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>e) The company has an investor, shareholders and press relations unit, that:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) Allows them to clarify any doubt about the company, its business, main risks, financial, economic or legal situation, and publicly known businesses.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company has an investor, shareholders
        and press relations unit, and allows them to clarify any doubt about the Company, its business, main risks, financial, economic
        or legal situation, and its publically known businesses. The Company maintains a dialogue with institutional shareholders and sell-side
        analysts as well as potential shareholders. The Company&rsquo;s official spokespersons to the market, in general, and especially
        to the media, are its CEO and its CFO. Notwithstanding the above, the &ldquo;Investor Relations&rdquo; and &ldquo;Communications&rdquo;
        Departments facilitate the delivery of information which the Company must provide to certain persons and to the communities where
        they develop their activities. More specifically, the Investor Relations team manages a formal program of presentations to update
        institutional shareholders and analysts on developments in the Company, its business, main risks, and financial, economic or legal
        situation. The Company also issues quarterly financial results. Copies of these results, presentations and other press releases
        issued by the Company are available on its website. The Company has members of the Investor Relations team who are fluent in English,
        in an effort to answer questions from individuals who do not speak Spanish.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board receives regular summaries and
        feedback in respect to the meetings held as part of the investor relations program as well as receiving analyst reports on the
        Company.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company holds regular non-deal meetings
        with institutional investors and sell-side analysts throughout the year which include international investor non-deal roadshow
        programs, presenting at industry conferences, hosting sell-side analyst events, and conducting individual investor meetings. These
        shall be attended by various members of the senior management team.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has a website by means of which
        the shareholder may access all available public information regarding the Company. The Company ensures that it will provide to
        shareholders and the general public the information required by law in regard to economic, legal, and financial situations, in
        line with the rights and duties inherent to the position as shareholder, in both Spanish and English. Specifically, the Company&rsquo;s
        website shall include the policies adopted by the Company in relation to social responsibility and sustainable development.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) Includes people that are at least fluent in English, in order to answer questions from people who do not speak Spanish.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has members of the Investor
        Relations team who are fluent in English, in an effort to answer questions from individuals who do not speak Spanish.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) Is the only unit authorized by the Board to answer such questions from the shareholders, investors and press.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The investor relations unit in not the
        only unit authorized by the Board to answer such questions from shareholder, investors and the press. The Company&rsquo;s official
        spokespersons to the market, in general, and especially to the media, are its CEO and its CFO. Notwithstanding the above, the &ldquo;Investor
        Relations&rdquo; and &ldquo;Communications&rdquo; Departments and other executives in the Company facilitate the delivery of information
        which SQM must provide to certain persons and to the communities where they develop their activities.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt"><B>f) The Board has a formal procedure of continual professional development in place:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) To detect and implement possible improvements in the generation processes of the company&rsquo;s disclosure to the market in order for them to be easily understood by the public.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">SI</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal procedure for continual
        professional development in place to detect and implement possible improvements in the generation processes of the company&rsquo;s
        disclosure to the market in order for them to be easily understood by the public. The Board has delegated this to the Corporate
        Governance Committee.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) To detect and implement possible improvements in the generation and disclosure processes of the company&rsquo;s disclosures to the market in order for them to be provided to the market in a timely way.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">SI</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal procedure for continual
        professional development in place to detect and implement possible improvements in the generation processes and disclosure processes
        of the company&rsquo;s disclosures to the market in order for them to be provided to the market in a timely way. The Board has
        delegated this to the Corporate Governance Committee. During 2017, this was not implemented.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) That considers the advisory of an outside expert for the detection and implementation of such improvements.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal procedure for continual
        professional development in place to detect and implement possible improvements, and will consider the advisory of an outside expert
        for the detection and implementation of such improvements. The Board has delegated this to the Corporate Governance Committee,
        and not necessarily considering the advisory of an outside expert for the detection and implementation of such improvements</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) That the detection referred to by the previous points i) and ii) is at least done annually.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal procedure for continual
        professional development in place to detect and implement possible improvements in The Board has delegated this to the Corporate
        Governance Committee. It is done annually, but given that it does not consider the advisory of an outside expert, we must respond
        no.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>g) The company has an updated website by means of which the shareholders can access all of its public information, in a simple and easy way.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>YES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 8</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has an updated website by means
        of which the shareholder may easily access all available public information regarding the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>3. Risk management and control.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>a) The Board has implemented a formal risk management and control process, which is operating and:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) It has the risk management guidelines approved by the Board as its directives.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal risk
        management and control process, which is operating and includes risk management guidelines approved by the Board. The Audit and
        Financial Risk Committee will review the Company&rsquo;s policies relating to financial risk assessment and financial risk management,
        including a review of the Company&rsquo;s key financial risks and related mitigations</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) It has a Risk Management unit or equivalent, in charge of the detection, quantification, monitoring and communication of risks, and it reports directly to the Board.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal risk management
        procedure in which a Risk Management unit or equivalent is responsible for the detection, quantification, monitoring and communication
        of risks. This entity reports directly to the Audit and Financial Risk Committee. The Audit and Financial Risk Committee and the
        Board meet as necessary, but not less than twice per year with the Company&rsquo;s Risk Management and Compliance Officer.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During every meeting with the Risk Management
        and Compliance Officer, the Board will have an opportunity to meet with him or her without the presence of managers or senior management.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Head of the Risk Management Unit reports
        directly to the CEO, but has direct access to the Audit and Financial Risk Committee and the Board.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) It has an Internal Audit unit or equivalent, responsible for verifying the effectiveness and fulfillment of the policies, procedures, controls and codes approved by the Board, and it reports directly to it.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal risk management
        procedure in which an Internal Audit unit or equivalent is responsible for verifying the effectiveness and fulfillment of the policies,
        procedures, control and codes approved by the Board. The Internal Audit Manager reports directly to the Audit and Financial Risk
        Committee. The Board and the Audit and Financial Risk Committee meet as necessary, but not less than twice per year with the Company&rsquo;s
        Internal Audit Manager to:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>Review the audit program or annual plan;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>Review the recommendations and improvements from the Head of Internal Audit in an effort to minimize the occurrence of irregularities
        or fraud;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>Review the effectiveness of the crime prevention models implemented by the Company; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.25in">d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        </FONT>Ensure that the Company&rsquo;s internal policies, procedures, and controls are being effectively complied with by the entire
        organization and learn the Internal Audit Manager&rsquo;s opinion in regard to the effectiveness, suitability or possible improvements
        of said policies, procedures and controls.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During every meeting with the Internal
        Audit Manager, the Board will have an opportunity to meet with him or her without the presence of managers or senior management<B>.
        </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company maintains an Internal Audit
        Unit, or equivalent, and a Risk Management Unit, or equivalent, and both report directly to the Audit and Financial Risk Committee.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) It includes, within the process of quantification, monitoring and communication of risks, both the direct company risks and the indirect ones that can arise from the other companies in the holding to which the company belongs.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal risk management
        procedure which includes the quantification, monitoring and commination of risk, both the direct company risks and the indirect
        risks that can arise from other companies in the holding to which the company belongs. The Company will annually inform its shareholders
        about the principal risks faced by the Company. These main risks are published annually in the 20-F filing (Item 3.D Risk Factors)
        and in the annual report.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">v) It considers the potential impact of the sustainability, economic, social and environmental risks to which the company is exposed.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal risk management
        procedure which considers the potential impact of sustainability, economic, social and environmental risk to which the Company
        is exposed. The Company will annually inform its shareholders about the principal risks faced by the Company. These main risks
        are published annually in the 20-F filing (Item 3.D Risk Factors) and in the annual report.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-indent: 0">
        <P STYLE="padding: 0; text-align: justify; text-indent: 0; margin: 0">vi) It has as
        guidelines national and international principles, directives and recommendations such as, for example, those developed by
        &quot;The Committee of Sponsoring Organizations&quot; (COSO) or those contained in &quot;Control Objectives for information
        and Related Technology&quot;(COBIT) created by ISACA or ISO 31000:2009 and ISO 31004:2013.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal review which has
        as guidelines the national and international principles, directives and recommendations such as, for example, those developed by
        &quot;The Committee of Sponsoring Organizations&quot; (COSO) or those contained in &quot;Control Objectives for information and
        Related Technology&quot; (COBIT) created by ISACA or ISO 31000:2009 and ISO 31004:2013.The Audit and Financial Risk Committee will
        meet as necessary, but not less than twice per year with the Company&rsquo;s Head of Risk Management.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">vii) It includes a Code of Conduct or equivalent document, approved by the Board and reviewed annually, which defines the principles and guidelines that must guide the behavior of the company&rsquo;s personnel and Board.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal review procedure
        which includes a Code of Conduct or equivalent document, approved by the Board and reviewed annually, which defines the principles
        and guidelines that must guide the behavior of the company&rsquo;s personnel and Board. i) the expected behavior of Company Directors
        and employees, ii) what is understood as conflict of interest, iii) the main situations that constitute a conflict of interest,
        iv) the procedure that a director must follow to declare and resolve a possible conflict of interest and v) policies and procedures
        relating to anti-corruption. The Code of Ethics shall be reviewed by the Board and updated, if necessary, annually.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">viii) It includes the information and permanent training of all the related personnel, regardless of the contractual bond that ties them to the company, regarding the policies, procedures, controls and codes implemented for the risk management.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal review procedure
        which includes a Code of Conduct or equivalent document, approved by the Board and reviewed annually, which includes the information
        and permanent training of all the related personnel, regardless of the contractual bond that ties them to the company, regarding
        the policies, procedures, controls and codes implemented for the risk management. The Board will ensure that the Company has an
        established procedure known by everyone who works for the Company, which is especially designed to identify possible issues that
        goes against the current laws, standards, regulations, or Code of Ethics or Policies of the Company, and which provides confidentiality
        of the identity of the whistleblower through the Code of Ethics and through the whistleblower form which is available on the Company&rsquo;s
        website.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ix) It is revised and updated at least annually.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has a formal risk management
        procedure in place, which is reviewed and updated at least annually.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt"><B>b) The Board has implemented a formal procedure, which is operating:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) To channel the notifications from its personnel, regardless of their contractual bond, shareholders, clients, suppliers, or outside third parties, regarding possible irregularities or illegal acts.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.a</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal review
        procedure in place that channels whistleblower reports from its personnel, regardless of their contractual bond, shareholders,
        clients, suppliers, or outside third parties, regarding possible irregularities or illegal acts. The Company has an established
        procedure known by everyone who works for the Company, which is especially designed to identify possible issues that go against
        the current laws, standards, regulations, or Code of Ethics or Policies of the Company, and which provides confidentiality of the
        identity of the whistleblower through the Code of Ethics and through the whistleblower form which is available on the Company&rsquo;s
        website.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) That guarantees the anonymity of the whistleblower.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board has implemented a formal procedure in which the the anonymity of the whistleblower is protected. However, given that the whistleblower forms are sent internally to the internal audit department, the Company prefers to answer no. Consistent with the Company&rsquo;s Code of Ethics and commitment to fostering and maintaining a strong anticorruption culture and to upholding and complying with all laws, SQM does not tolerate any form of bribery or corruption. It has been and continues to be the policy of SQM to conduct its operations and activities in compliance with the letter and the spirit of all applicable domestic and international anticorruption laws and regulations, including, but not limited to, Chilean bribery and corruption laws and the Chilean Corporate Criminal Liability Law (Ley 20,393), the U.S. Foreign Corrupt Practices Act (&ldquo;FCPA&rdquo;), and similar laws that apply in the countries in which the Company operates (collectively, &ldquo;Applicable AntiCorruption Laws&rdquo;).</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) That allows the whistleblower to know the status of his denounce.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has not implemented a formal
        procedure that allows the whistleblower to know the status of his or her claim. If the claim is filed unanimously, it is impossible
        for the Company to inform the whistle blower of the status of his or her claim.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) That is informed to its personnel, shareholders, clients, suppliers and third parties, both through training and through the company&rsquo;s website.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board of Directors has implemented a formal process that is informed to its personnel, shareholders, clients, suppliers and third parties, both through training and through the company&rsquo;s website. The Code of conduct is on the Company website. Additionally, company employees are subject various training programs. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>c) The Board has implemented a formal procedure, which is operating:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) To detect and reduce organizational, social or cultural barriers that could be inhibiting the diversity of capabilities, conditions, experiences and visions that would have taken place without those barriers.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation:</B> CGP Section 9</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal process
        to detect and reduce organizational, social or cultural barriers that could be inhibiting the diversity of capabilities, conditions,
        experiences and visions that would have taken place without those barriers. The SHEC shall receive and review, not less than annually,
        the detected organizational, social or cultural barriers that could be inhibiting the natural diversity that would have taken place
        without these barriers.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) To identify the diversity of capabilities, knowledge, conditions, experiences and visions that their main executives should possess.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt; text-indent: 0; width: 80%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        to identify the diversity of capabilities, knowledge, conditions, experiences and visions that their main executives should possess.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will annually identify potential
        replacements for the CEO and the senior management of the Company, who possess diverse capabilities, knowledge, conditions, experiences
        and visions that are required for each position, and to ensure a plan is in place to implement a timely replacement of the CEO
        and other members of the senior management team in the event of their unexpected absence, minimizing the impact on the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) To identify potential replacements for the CEO and other main executives of the company within the personnel, through the identification process described in the previous point ii).</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        to identify potential replacements for the CEO and other main executives of the company within the personnel, through the identification
        process described in the previous point ii.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will annually identify potential
        replacements for the CEO and the senior management of the Company, who possess diverse capabilities, knowledge, conditions, experiences
        and visions that are required for each position, and to ensure a plan is in place to implement a timely replacement of the CEO
        and other members of the senior management team in the event of their unexpected absence, minimizing the impact on the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) To replace the CEO and other main executives of the company in a timely manner, and to pass their functions and relevant information, in case of their unexpected absence, minimizing the impact in the company.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        in place to replace the CEO and other main executives of the company in a timely manner, and to pass their functions and relevant
        information, in case of their unexpected absence, minimizing the impact in the company.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will annually identify potential
        replacements for the CEO and the senior management of the Company, who possess diverse capabilities, knowledge, conditions, experiences
        and visions that are required for each position, and to ensure a plan is in place to implement a timely replacement of the CEO
        and other members of the senior management team in the event of their unexpected absence, minimizing the impact on the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">v) And the detection to which points i) and ii) referred to is done at least annually.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        in the detection of the matters referenced in I and ii above, which will be done at least annually.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board will annually identify potential
        replacements for the CEO and the senior management of the Company, who possess diverse capabilities, knowledge, conditions, experiences
        and visions that are required for each position, and to ensure a plan is in place to implement a timely replacement of the CEO
        and other members of the senior management team in the event of their unexpected absence, minimizing the impact on the Company.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>d) The Board has implemented a formal procedure, which is operating:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>To review, at least annually, the salary and policies of compensation of the CEO and other main executives, in order to detect and correct possible incentives to expose the company to risks that are not in line with the policies defined on the matter or to the execution of possible illegal acts.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 1.b</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        to review, at least annually, the salary and policies of compensation of the CEO and other main executives, in order to detect
        and correct possible incentives to expose the company to risks that are not in line with the policies defined on the matter or
        to the execution of possible illegal acts. The Audit and Financial Risk Committee shall examine the remuneration and compensation
        plans of the senior management and Company employees.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">ii) That includes the advisory of an external third party that supports the Board, and the Board committee if necessary, in the revision referred to by previous point i).</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 3</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has implemented a formal procedure
        which includes the advice of an external third party that supports the Board, and the Board committee if necessary, in the review
        referred to by previous point i. In performing its functions, the Board is entitled to rely on the advice, reports and opinions
        of management, counsel, accountants, auditors and other expert advisors. The Board shall have the authority to retain and approve
        the fees and retention terms of its outside advisors except to the extent that sole authority to retain certain advisors has been
        delegated to committees in accordance with their respective charters.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) That includes the disclosure of the salary and political structures of compensation of the CEO and other main executives in the company&rsquo;s website.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board has not implemented a formal procedure that includes the disclosure of the salary and political structures of compensation of the CEO and other main executives in the company&rsquo;s website. However, in the annual report and 20-F we describe the compensation plan for the CEO and executive management.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iv) That subjects these salary and political structures to the approval of the shareholders.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Explanation</B>: The Board has not implemented a formal procedure subjects these salary and political structures to the approval of the shareholders. The Board makes these approvals.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>4. Third party evaluation.</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.25in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>a) The self-evaluation of the Board regarding the adoption of the practices contained in this standard:</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">i) &nbsp;Has been reviewed and validated by an external third party.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: CGP Section 6</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board completed a self-evaluation of
        the Board regarding the adoption of the practices contained in this standard that was reviewed and validated by an external third
        party. Each year the Board will evaluate its own processes and performance through a Board Assessment designed to promote the Board&rsquo;s
        on-going effectiveness and continuous improvement. This year, this evaluation was performed by a third party.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">ii) The person or group of people that did the review and validation have at least 5 years of proven experience in processes and controls effectiveness evaluation, or providing professional advisory or consulting services in the design and implementation of processes, risk management, or continual improvement.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The person or group of people that did
        the review in 2017 has at least 5 years of proven experience in processes and controls effectiveness evaluation, or providing professional
        advisory or consulting services in the design and implementation of processes, risk management, or continual improvement.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2017, Uwe Hasseldieck completed the
        review.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">iii) The entity or people that did the review and validation are regulated by the Superintendence or foreign public or private organization of similar competence.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">NO</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: The entity or people
        that did the review is regulated by the Superintendence or foreign public or private organization of similar competence. The Board
        will hire the advisor whom they feel is best fit for the job.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2017, Uwe Hasseldieck completed the
        review.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border: Black 1pt solid; padding: 2.5pt 2.5pt 2.5pt 0.5in; text-align: justify; text-indent: 0; width: 80%"><FONT STYLE="font-size: 10pt">iv) The entity or people that did the review and validation belong to a list established by the national stock exchanges of entities that fulfill the defined conditions to certify the self-evaluation to which this standard refers to.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt">YES</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2.5pt; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Explanation</B>: The entity or people
        that did the review did belong to a list established by the national stock exchanges of entities that fulfill the defined conditions
        to certify the self-evaluation to which this standard refers to. The Board will hire the advisor who they feel is best fit for
        the job.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2017, Uwe Hasseldieck completed the
        review. He is registered with the Santiago Stock Exchange.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2.5pt; text-align: center; text-indent: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #33363B">&nbsp;&nbsp;</P>


<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>About SQM</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SQM is an integrated producer and distributor
of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. Its products are based on
the development of high quality natural resources that allow the Company to be a leader in costs, supported by a specialized international
network with sales in over 110 countries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SQM&acute;s business strategy is to be
a mining operator that selectively integrates the production and sales of products to industries essential for human development,
such as food, health and technology. The strategy is built on the following six principles:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">strengthen internal processes to ensure access to key resources required for the sustainability
of the business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">extend lean operations (M1) to the entire organization to strengthen our cost position, increase
quality and ensure safety;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">invest in the development of a specialty fertilizer market, including product differentiation,
sales channel management and price optimization;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">recover the iodine market share, seek consolidation and vertical integration opportunities; invest
in the development of industrial nitrate applications;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">search and invest in lithium and potassium assets outside of Chile to leverage our operational
capabilities, take advantage of the current lithium market appeal and ensure access to raw materials for our potassium nitrate
production; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">seek diversification opportunities in gold, copper and zinc projects in the region to leverage
our mining operating capabilities and provide business continuity to our exploration program.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The business strategy&acute;s principles
are based on the following four concepts:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">build an organization with strategic clarity, inspirational leaders, responsible personnel and
strong values;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">develop a strategic planning process that responds to the needs of our customers and market trends,
while ensuring coordination between all segments of the business, including sales and operations;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">develop a robust risk control and mitigation process to actively manage business risk; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">improve our stakeholder management to establish links with the community and communicate to Chile
and worldwide our contribution to industries essential for human development.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For further information, contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gerardo Illanes 56-2-24252022 / <FONT STYLE="color: blue"><U>gerardo.illanes@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kelly O&rsquo;Brien 56-2-24252074 / kelly.obrien@sqm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Irina Axenova 56-2-24252280 / irina.axenova@sqm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For media inquiries, contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Carolina Garc&iacute;a Huidobro / carolina.g.huidobro@sqm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Alvaro Cifuentes / alvaro.cifuentes@sqm.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tamara Rebolledo / tamara.rebolledo@sqm.com &nbsp;(Northern
Region)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Cautionary Note Regarding Forward-Looking
Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This news release contains &ldquo;forward-looking
statements&rdquo; within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as: &ldquo;anticipate,&rdquo; &ldquo;plan,&rdquo; &ldquo;believe,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;strategy,&rdquo; &ldquo;should,&rdquo; &ldquo;will&rdquo; and similar references
to future periods. Examples of forward-looking statements include, among others, statements we make concerning the Company&rsquo;s
business outlook, future economic performance, anticipated profitability, revenues, expenses, or other financial items, anticipated
cost synergies and product or service line growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are estimates that reflect the best judgment of SQM management based on currently
available information. Because forward-looking statements relate to the future, they involve a number of risks, uncertainties and
other factors that are outside of our control and could cause actual results to differ materially from those stated in such statements.
Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the documents filed by SQM with
the United States Securities and Exchange Commission, specifically the most recent annual report on Form 20-F, which identifies
important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking
statements are based on information available to SQM on the date hereof and SQM assumes no obligation to update such statements,
whether as a result of new information, future developments or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-align: right; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 50%; padding: 0; text-align: right; text-indent: 0">&nbsp;<U>CHEMICAL AND MINING COMPANY OF CHILE INC.</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Date: January 23, 2018</TD>
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">/s/ Ricardo Ramos</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;By: Ricardo Ramos</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: right; text-indent: 0">CFO &amp; Vice-President of Development</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Persons who are to respond to the collection
of information contained SEC 1815 (04-09) in this form are not required to respond unless the form displays currently valid OMB
control number.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 25; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !* #L# 2(  A$! Q$!_\0
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3/Y]:OT5226QJHI;(****91__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
