<SEC-DOCUMENT>0000891092-12-002438.txt : 20120501
<SEC-HEADER>0000891092-12-002438.hdr.sgml : 20120501
<ACCEPTANCE-DATETIME>20120501112933
ACCESSION NUMBER:		0000891092-12-002438
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120501
DATE AS OF CHANGE:		20120501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GROUP SIMEC SA DE CV
		CENTRAL INDEX KEY:			0000887153
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11176
		FILM NUMBER:		12798684

	BUSINESS ADDRESS:	
		STREET 1:		CALZADA LAZARO CARDENAS 601
		CITY:			44910 GUADALAJARA JA
		STATE:			O5
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		CALZADA LAZARO CARDENAS
		CITY:			GUADALAJARA JALISCO
		STATE:			O5
		ZIP:			999999999
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>e48292_6-k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="margin: 0"></P>

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>COMMISSION FILE NUMBER 1-11176</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">For the month of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;May , &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012</U>.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">Group Simec,
Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant&rsquo;s Name Into
English)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid">Av. Lazaro
Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, Mexico 44440</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt"><FONT STYLE="font-size: 10pt">Form 20-F </FONT>[X]<FONT STYLE="font-size: 10pt">
Form 40-F </FONT>[_]</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt"><FONT STYLE="font-size: 10pt">&#9;Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>[_]<FONT STYLE="font-size: 10pt">
No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>[X]</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt"><FONT STYLE="font-size: 10pt">&#9;Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>[_]<FONT STYLE="font-size: 10pt">
No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>[X]</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Indicate by check mark whether
the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt"><FONT STYLE="font-size: 10pt">&#9;Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>[_]<FONT STYLE="font-size: 10pt">
No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>[X]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(If &ldquo;Yes&rdquo; is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-___________.)</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company 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: 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><U>GRUPO SIMEC, S.A.B. de C.V.</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 16%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 30%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: -1mm">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 18%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; width: 27%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date: May 3, 2011.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom">&nbsp;By:</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><U>/s/ Luis Garc&iacute;a Lim&oacute;n</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name:&nbsp;&nbsp; Luis Garc&iacute;a Lim&oacute;n</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 212.7pt; text-indent: 35.45pt"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 63%; font: bold 10pt Courier New, Courier, Monospace; padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">PRESS RELEASE</TD>
    <TD STYLE="width: 37%; font: 11pt Times New Roman, Times, Serif; padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">Contact: Sergio Vigil Gonz&aacute;lez</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Adolfo Luna Luna</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Grupo Simec, S.A.B. de C.V.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Calzada L&aacute;zaro C&aacute;rdenas 601</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -40.05pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -40.05pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;44440 Guadalajara, Jalisco, M&eacute;xico</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;52 55 1165 1025</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: -18.8pt; padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;52 33 3770 6734</TD></TR>
</TABLE>


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER,
OF 2012, ENDED MARCH 31, 2012</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">GUADALAJARA, MEXICO, April 30, 2012- Grupo Simec, S.A.B. de C.V.
(AMEX: SIM) (&ldquo;Simec&rdquo;) announced today its results of operations for the three-month period ended March 31, 2012.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Comparative first quarter of 2012 vs. first quarter of 2011</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B><I>Net Sales</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales of the company increased 24% by the
combination of: increase in volume shipment and the diminish in the sales price and. Sales rose from Ps. 6,565 millions in the
first quarter of 2011 to Ps. 8,115 millions in the same period of 2012. Shipments of finished steel products increased 9%, from
538 thousand tons in the first quarter of 2011 compared to 588 thousand tons in the same period of 2012. Total sales outside of
Mexico in the first quarter of 2012 increased 17% to Ps. 4,288 million compared to Ps. 3,678 million in the same period of 2011.
The Mexican sales increased 33% from Ps. 2,887 millions in the first quarter of 2011 to Ps. 3,827 millions in the same period of
2012. The increase in sales can be explained due to the volume of tons shipments compared with the same period of 2011 the products
shipments increase in 50 thousand versus the same period of 2012. The average sales price increase 13% in the first quarter of
2012 compared with the same period of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Cost of Sales</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales increased 22% from Ps. 5,705
millions in the first quarter of 2011 to Ps. 6,960 millions in the same period of 2012. Cost of sales as a percentage of net sales
in the first quarter of 2012 represented 86% and in 2011 cost of sales represented 87%. The average cost of finished steel products
in the first quarter of 2012 increased 12% compared to the same period of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gross profit of the company for the same period
increased 34% from Ps. 860 millions in 2011 to Ps. 1,155 millions in the same period of 2012. Gross profit as a percentage of net
sales in the first quarter of 2012 was 14% and for the same period of 2011 was 13%. The increase in gross profit is due to the
mayor volume of shipments in the first quarter of 2012 compared with the same period of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>General, Sales and administrative Expenses</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">General, selling and administrative expenses
increased 12% to Ps. 282 millions in the first quarter of 2011 compared to Ps. 316 millions in the same period of 2012, and represented
4% of net sales in the first quarter of 2012 and 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I></I></B></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Operating Income</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating income increased 45% from Ps. 578
million for the first quarter of 2011 compared to Ps. 839 millions in the same period of 2012. Operating income as a percentage
of net sales was 10% in the first quarter of 2012 compared to 9% in the same period of 2011. The increase in operating income is
due to increase in volume of shipments, in the first quarter of 2012 compared with the same period of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>EBITDA</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The EBITDA of the company for the first quarter
of 2012, show an increase of 30%, by the above mentioned to pass from Ps. 833 millions in the first quarter of 2011 compared against
Ps. 1,087 million of the first quarter of 2012.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Comprehensive Financial Cost </I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive financial cost in the first quarter
of 2012 represented an expense of Ps. 147 million compared with an expense of Ps. 84 millions in the same period of 2011. Net interest
was an expense of Ps. 1 millions in the first quarter of 2012 compared with a net gain of Ps. 2 millions in the same period of
2011. At the same time, Simec registered an exchange loss of Ps. 145 millions in the first quarter of 2012 compared with an exchange
loss of Ps. 86 millions in the same period of 2011, due to 8.1% revaluation of the peso versus the dollar as of March 31, 2012
compared to December 31, 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Other Expenses (Income) net </I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company recorded other income net of Ps.
11 millions in the first quarter of 2012 compared to other income net of Ps. 1 million in the same period of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Income Taxes</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income Taxes recorded an income of Ps. 30 millions
in the first quarter of 2012 (including the income of Ps. 32 millions of deferred income taxes) compared to an income of Ps. 14
millions in the same period of 2011 (including the benefits of Ps. 36 millions of deferred income taxes).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Net Income (loss) (Before Non- controlling
Interest)</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing, net income decreased
42% to Ps. 703 millions in the first quarter of 2012 versus Ps. 495 millions in the same period of previous year.</P>

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

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Liquidity and Capital Resources</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2012, Simec&rsquo;s total consolidated
debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (&ldquo;MTN's&rdquo;) due 1998, or Ps. 3.9 million (accrued interest
on March 31, 2012 was U.S. $479,730, or Ps. 6.2 millions). As of December 31, 2011, Simec&rsquo;s total consolidated debt consisted
of U.S. $302,000 of 8 7/8% medium-term notes (&ldquo;MTN's&rdquo;) due 1998, or Ps. 3.6 million (accrued interest on December 31,
2011 was U.S. $452,297 or Ps. 5.4 million).</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comparative first quarter of 2012 vs.
fourth quarter of 2011</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Net Sales</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales of the company increased 4% from
Ps. 7,836 million of the fourth quarter of 2011 to Ps. 8,115 million to the first quarter of 2012. Sales in tons of finished steel
increased 5% from 558 thousand tons in the fourth quarter of 2011 compared with 588 thousand tons in the first quarter of 2012.
The total sales outside of Mexico for the first quarter of 2012 increased 8 % to Ps. 3,958 millions in the fourth quarter of 2011,
compared with Ps. 4,288 million for the first quarter of 2012. The Mexican sales decreased 1% from Ps. 3,878 millions in the fourth
quarter of 2011 to </P>

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    <!-- Field: /Page -->
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ps. 3,827 millions in the first quarter of 2012. Prices of finished products sold in the first quarter 2011
decreased 10% compared to the fourth quarter 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><B><I>Cost of Sales</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales increased 3% from Ps. 6,761 millions
in the fourth quarter of 2011 to Ps. 6,960 millions in the first quarter of 2012. With respect to sales, in the first quarter of
2012, the cost of sales represented 86% compared to 86% for the fourth quarter of 2011. The average cost of raw materials used
to produce steel products decreased 2% in the first quarter of 2012 versus the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Marginal (Loss) Profit</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Marginal profit for the first quarter of 2012
amounted to Ps.1,155 million compared with the profit of Ps. 1,075 million in the fourth quarter of 2011. The marginal profit as
a percentage of net sales for the first quarter of 2012 was 14% compared with 14% for the fourth quarter of 2011. The increase
in marginal profit is due to the improved in the volume of the shipments and decrease in the average sales price comparing the
first quarter of 2012 versus the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>General, Sales and administrative Expenses</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">General, selling and administrative expenses
amounted to Ps. 316 millions in the first quarter of 2012 versus Ps. 360 million in the fourth quarter of 2011, equivalent to a
decreased of 12%. General, selling and administrative expenses as a percentage of net sales represented 4% during the first quarter
of 2012 and 5% for the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Operating (Loss) Income</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating income was of Ps. 839 million in
the first quarter of 2012 compared to Ps. 715 million of the fourth quarter of 2011. The operating income amount an increase of
17% between both quarters. The operating income as a percentage of net sales in the first quarter of 2012 was 10% compared to an
operating of 9% in the fourth quarter of 2011. The increase in operating income is due to the improved in volume of shipments and
diminish in the general, selling and administrative expense for the first quarter of 2012 compared with the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>EBITDA</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ebitda of the first quarter of 2012 was
of Ps. 1,087 million compared to Ps. 967 million of the fourth quarter of 2011, an increase of Ps 120 million.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Comprehensive Financial Cost</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive financial cost for the first
quarter of 2012 represented an expense of Ps. 147 million compared with an income of Ps. 261 million for the fourth quarter of
2011. Net interest for the first quarter of 2012 amount an expense of Ps. 1 million, while for the fourth quarter of 2011, the
effect was an expense of Ps. 5 million. At the same time we registered an exchange net loss of Ps. 145 millions in the first quarter
of 2012 compared with an exchange net gain of Ps. 266 millions in the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Other Expenses (Income) net </I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company recorded other income net of Ps.
11 millions in the first quarter of 2012 compared with other expenses net of Ps. 135 million for the fourth quarter of 2011.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Income Taxes</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company record an income tax, as income
of Ps. 30 millions in the first quarter of 2012 (including the income of Ps. 32 millions of deferred income taxes) compared to
an income of Ps. 335 millions in the fourth quarter same period of 2011 (including the benefits of Ps. 150 millions of deferred
income taxes).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Net Income (loss) (Before Non- controlling
Interest)</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing, net income was
of Ps. 703 millions in the first quarter of 2012 versus Ps. 1,175 millions in the fourth quarter of 2011</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 31%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">(Millions of pesos)</TD>
    <TD NOWRAP STYLE="width: 15%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">1Q &lsquo;12</TD>
    <TD NOWRAP STYLE="width: 15%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">1Q &lsquo;11</TD>
    <TD NOWRAP STYLE="width: 15%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">4Q &lsquo;11</TD>
    <TD STYLE="width: 12%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">1Q&acute;12 vs <BR> 1Q'11</TD>
    <TD STYLE="width: 12%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 8pt; font-weight: bold; text-align: center">1Q&acute;12 vs <BR> 4Q&acute;11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Sales</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">8,115</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">6,565</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">7,836</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">24%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">4%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Cost of Sales</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">6,960</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">5,705</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">6,761</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">22%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Gross Profit</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">1,155</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">860</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">1,075</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">34%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Operating Expenses</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">316</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">282</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">360</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">12%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">(12%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Operating Profit</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">839</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">578</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">715</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">45%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">17%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">EBITDA</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">1,087</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">833</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">967</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">30%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">12%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Net Profit before&nbsp; Non-Controlling Interest</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">703</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">495</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">1,175</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">42%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">(40%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Sales outside Mexico</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">4,288</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">3,678</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">3,958</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">17%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">8%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Sales in M&eacute;xico</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">3,827</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">2,887</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">3,878</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">33%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">(1%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">Total sales (tons)</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">588</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">538</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-size: 10pt; text-align: right">558</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">9%</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">5%</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 23%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">Product</TD>
    <TD STYLE="width: 10%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Thousands of tons</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">1Q '12</P></TD>
    <TD STYLE="width: 8%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Millions of pesos</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">1Q'12</P></TD>
    <TD STYLE="width: 9%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">Average price per ton 1Q'12</TD>
    <TD STYLE="width: 9%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Thousands of tons</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">1Q '11</P></TD>
    <TD STYLE="width: 7%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">Millions of pesos</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">1Q'11</P></TD>
    <TD STYLE="width: 9%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">Average price per ton 1Q'11</TD>
    <TD STYLE="width: 9%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;&nbsp;&nbsp;&nbsp; Thousands of tons&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4Q'10&nbsp;</TD>
    <TD STYLE="width: 7%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">Millions of pesos&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4Q'10</TD>
    <TD STYLE="width: 9%; border: windowtext 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt">Average price per ton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4Q'10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">SBQ</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">334</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">5,168</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">15,473</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">322</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">4,407</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">13,686</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">318</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">5,011</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">15,758</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">Light Structural</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">254</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">2,947</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">11,602</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">216</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">2.158</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp; 9,991</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">240</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">2,825</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">11,771</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">Total</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">588</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">8,115</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">13,801</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">538</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">6,565</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">12,203</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">558</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">7,836</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">14,043</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Any forward-looking information contained herein is inherently
subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those
anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information</I> <I>contained
herein.</I></P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; padding-left: 6pt; width: 59%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; width: 10%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; width: 10%; border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; padding-left: 6pt; border-right: Black 1pt solid"><FONT STYLE="font-size: 12pt">BOLSA
    MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: left; padding-left: 6pt">CLAVE DE COTIZACION: <FONT STYLE="font: normal 8pt Arial, Helvetica, Sans-Serif; color: windowtext"><B> SIMEC&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; text-align: center"><B>QUARTER: 1</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; padding-left: 6pt; border-right: Black 1pt solid"><FONT STYLE="font-size: 12pt">&nbsp;STATEMENTS
    OF FINANCIAL POSITION</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: left; padding-left: 6pt">GRUPO SIMEC, S.A.B. DE C.V&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">CONSOLIDADO</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; padding-left: 6pt">(THOUSAND PESOS)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: Black 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">ENDING CURRENT QUARTER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">ENDING PREVIOUS YEAR</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">BEGINNING PREVIOUS YEAR&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: center; padding-left: 6pt">ACCOUNT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">Amount</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">Amount</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">Amount</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 1pt; padding-left: 6pt">TOTAL ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; text-align: right">30,854,119</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">31,015,761</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">27,193,132</TD></TR>
<TR>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; padding-left: 6pt">TOTAL CURRENT ASSETS</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">16,623,211</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">16,209,931</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">12,197,692</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CASH AND CASH EQUIVALENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,646,031</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,537,088</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,384,917</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">SHORT-TERM INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; TRADING INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TRADE RECEIVABLES, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,498,503</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,031,679</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,465,208</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; TRADE RECEIVABLES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,763,201</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,296,377</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,702,587</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-264,698</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-264,698</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-237,379</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER RECEIVABLES, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">622,838</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">677,989</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">857,485</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER RECEIVABLES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">622,838</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">677,989</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">857,485</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INVENTORIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,547,671</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,769,190</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,227,374</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">BIOLOGICAL CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">308,168</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">193,985</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">262,708</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PREPAYMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ASSETS AVAILABLE FOR SALE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; RIGHTS AND LICENSES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">308,168</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">193,985</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">262,708</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL NON-CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">14,230,908</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">14,805,830</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">14,995,440</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">ACCOUNTS RECEIVABLE, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROPERTY, PLANT AND EQUIPMENT, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">8,882,594</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">9,212,787</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">9,288,331</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LAND AND BUILDINGS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">4,125,273</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">4,171,787</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,800,468</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; MACHINERY AND INDUSTRIAL EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">13,722,571</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">13,935,986</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">13,111,559</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">269,118</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">267,596</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">233,810</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ACCUMULATED DEPRECIATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-9,322,249</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-9,240,737</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-8,344,941</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CONSTRUCTION IN PROGRESS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">87,881</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">78,155</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">487,435</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INVESTMENT PROPERTY</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">BIOLOGICAL NON- CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INTANGIBLE ASSETS, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,691,057</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,801,003</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">4,101,141</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; GOODWILL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,814,160</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,814,160</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,814,160</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; TRADEMARKS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">398,810</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">404,952</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">396,089</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; RIGHTS AND LICENSES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">52,293</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">81,981</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">179,376</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CONCESSIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER INTANGIBLE ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,425,794</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,499,910</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,711,516</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DEFERRED TAX ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER NON-CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,657,257</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,792,040</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,605,968</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PREPAYMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; AVAILABLE FOR SALE ASSETS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DEFERRED CHARGES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,657,257</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,792,040</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,605,968</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,873,034</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,936,532</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">6,653,768</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL CURRENT LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,849,255</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,822,757</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,898,606</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">BANK LOANS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">STOCK MARKET LOANS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,880</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">4,225</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,732</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER LIABILITIES WITH COST</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">649,941</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">707,453</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">602,168</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TRADE PAYABLES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,298,294</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,294,701</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,162,801</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TAXES PAYABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">262,533</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">246,247</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">434,220</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INCOME TAX PAYABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER TAXES PAYABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">262,533</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">246,247</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">434,220</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER CURRENT LIABILITIES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">634,607</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">570,131</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">695,685</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INTEREST PAYABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,164</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,615</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,503</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">26,286</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">35,456</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">79,708</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PROVISIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt; border-left: Black 1pt solid">&nbsp;&nbsp; CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">602,157</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">528,060</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">610,474</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL NON-CURRENT LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,023,779</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,113,775</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,755,162</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">BANK LOANS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">STOCK MARKET LOANS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER LIABILITIES WITH COST</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DEFERRED TAX LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,912,920</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,998,263</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,641,506</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER NON-CURRENT LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">110,859</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">115,512</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">113,656</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
</TABLE>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top: Black 1pt solid; padding-left: 6pt; width: 59%">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: bottom; border-top: Black 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right; width: 10%">57,287</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: Black 0.5pt solid; vertical-align: bottom; border-top: Black 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right; width: 10%">67,325</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: Black 0.5pt solid; vertical-align: bottom; border-top: Black 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right; width: 10%">62,653</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PROVISIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt; border-left: Black 1pt solid">&nbsp;&nbsp; NON-CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">53,572</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">48,187</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">51,003</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL EQUITY</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">23,981,085</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">24,079,229</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">20,539,364</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">21,973,286</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">21,903,371</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">18,695,281</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CAPITAL STOCK</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,832,268</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">SHARES REPURCHASED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">4,153,850</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER CONTRIBUTED CAPITAL&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">RETAINED EARNINGS (ACCUMULATED LOSSES)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">15,252,453</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">14,523,364</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">11,772,512</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LEGAL RESERVE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER RESERVES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">200,612</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; RETAINED EARNINGS&nbsp;&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">14,322,752</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">11,668,559</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">11,571,900</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; NET INCOME FOR THE PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,654,193</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">ACCUMULATED OTHER COMPREHENSIVE INCOME (NET OF TAX)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-265,285</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">393,889</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-63,349</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; GAIN ON&nbsp; REVALUATION OF PROPERTIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ACTUARIAL GAINS&nbsp; (LOSSES) FROM LABOR OBLIGATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-249,060</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">419,334</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS AVAILABLE FOR SALE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-16,225</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-25,445</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-63,349</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">2,007,799</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">2,175,858</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">1,844,083</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-left: 6pt; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">0</TD></TR>
</TABLE>


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



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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: #FFFF99; padding-left: 6pt">Informational data (not <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"><B>a </B></FONT><B><FONT STYLE="color: windowtext">part of the STATEMENTS OF FINANCIAL POSITION)</FONT></B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ENDING CURRENT QUARTER</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ENDING PREVIOUS YEAR</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">BEGINNING PREVIOUS YEAR&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFF99">Amount</TD>
    <TD ROWSPAN="2" STYLE="border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFF99">Amount</TD>
    <TD ROWSPAN="2" STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFF99">Amount</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="border: windowtext 0.5pt solid; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 1pt; padding-left: 6pt">SHORT-TERM FOREIGN CURRENCY LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; text-align: right">3,139,964</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,005,735</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 1pt; text-align: right">2,776,601</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">LONG<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red">-</FONT><FONT STYLE="color: windowtext">TERM FOREIGN CURRENCY LIABILITIES</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">42,171</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">48,188</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">51,010</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">CAPITAL STOCK (NOMINAL)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">2,420,230</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,420,230</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">2,420,230</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">RESTATEMENT OF CAPITAL STOCK</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">412,038</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">412,038</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; text-align: right">412,038</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt"><FONT STYLE="font-weight: normal; font-style: normal; color: red">PLAN ASSETS FOR</FONT><FONT STYLE="color: windowtext"> PENSIONS AND SENIORITY PREMIUMS</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NUMBER OF EXECUTIVES<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (+) </FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">53</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">54</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">54</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NUMBER OF EMPLOYEES <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (+)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">1,553</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,519</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">1,443</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NUMBER OF WORKERS <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (+)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">3,123</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,113</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">2,864</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OUTSTANDING SHARES <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (+)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">497,709,214</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">497,709,214</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">497,709,214</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">REPURCHASED SHARES<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (+)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">RESTRICTED CASH<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> (1)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right"></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">GUARANTEED DEBT OF ASSOCIATED COMPANIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">649,941</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">707,453</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">602,168</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">(1) This concept must be filled when<FONT STYLE="font: normal 10pt Tahoma, Helvetica, Sans-Serif; color: red"> there are guarantees or restrictions </FONT><FONT STYLE="color: windowtext">that affect cash and cash equivalents</FONT></TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif; color: Red">(*) Data in units</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">&nbsp;</TD></TR>
</TABLE>


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<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt">CLAVE DE COTIZACION: <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="width: 84pt; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 70pt; font-size: 11pt; font-weight: bold">QUARTER: 1</TD>
    <TD STYLE="width: 86pt; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">YEAR 2012</TD>
    <TD STYLE="width: 62pt; border-right: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">STATEMENTS OF COMPREHENSIVE INCOME</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left; padding-left: 6pt">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif">CONSOLIDADO</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font: 9pt Verdana, Helvetica, Sans-Serif; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; padding-left: 6pt">(THOUSAND PESOS)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: windowtext; border-top-width: 1pt; background-color: #FFFF99; padding-left: 6pt">ACCOUNT</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">CURRENT YEAR</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">PREVIOUS YEAR</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ACCUMULATED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">QUARTER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ACCUMULATED</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">QUARTER</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">REVENUE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">8,114,840</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">8,114,840</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,565,451</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">6,565,451</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; SERVICES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; SALE OF GOODS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">8,114,840</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">8,114,840</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,565,451</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">6,565,451</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INTERESTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ROYALTIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DIVIDENDS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LEASES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CONSTRUCTIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER REVENUE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">COST OF SALES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,959,556</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">6,959,556</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,704,782</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,704,782</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">GROSS PROFIT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,155,284</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">1,155,284</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">860,669</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">860,669</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">GENERAL EXPENSES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">316,357</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">316,357</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">282,259</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">282,259</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSE), NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">838,927</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">838,927</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">578,410</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">578,410</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OTHER INCOME (EXPENSE), NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">10,538</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">10,538</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">938</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">938</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OPERATING PROFIT (LOSS) <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: windowtext">(*)</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">849,465</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">849,465</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">579,348</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">579,348</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; FINANCE INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,906</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,906</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,379</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,379</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INTEREST INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,906</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,906</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,379</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,379</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; GAIN ON FOREIGN EXCHANGE, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; GAIN ON DERIVATIVES, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; GAIN ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER FINANCE INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; FINANCE COSTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">152,624</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">152,624</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">89,658</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">89,658</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; INTEREST EXPENSE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">7,163</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">7,163</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,209</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,209</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LOSS ON FOREIGN EXCHANGE, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">145,461</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">145,461</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">86,449</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">86,449</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LOSS ON DERIVATIVES, NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; LOSS ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; OTHER FINANCE COSTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">FINANCE INCOME (COSTS), NET</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-146,718</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-146,718</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-84,279</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-84,279</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">SHARE OF PROFIT (LOSS) OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) BEFORE INCOME TAX</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">702,747</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">702,747</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">495,069</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">495,069</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INCOME TAX EXPENSE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-29,732</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-29,732</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-14,366</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-14,366</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CURRENT TAX</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,210</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">2,210</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">22,133</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">22,133</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; DEFERRED TAX</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-31,942</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-31,942</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-36,499</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-36,499</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) FROM CONTINUING OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">509,435</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">509,435</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) FROM DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NET PROFIT (LOSS)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">509,435</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">509,435</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,390</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,390</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">45,900</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">45,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">463,535</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">463,535</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt; border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt">BASIC EARNINGS (LOSS) PER SHARE</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: Black 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DILUTED EARNINGS (LOSS) PER SHARE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: left; border-right: Black 1pt solid">OTHER COMPREHENSIVE INCOME</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left; padding-left: 6pt">(NET OF INCOME TAX)</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-size: 12pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; padding-left: 6pt">NET PROFIT (LOSS)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">509,435</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">509,435</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DISCLOSURES NOT BE RECLASSIFIED ON INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROPERTY REVALUATION GAINS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; ACTUARIAL EARNINGS (LOSS) FROM LABOR OBLIGATIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">SHARE OF INCOME ON REVALUATION ON PROPERTIES OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DISCLOSURES MAY BE RECLASSIFIED SUBSEQUENTLY TO INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS HELD-FOR-SALE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL OTHER COMPREHENSIVE INCOME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt; border-left: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">TOTAL COMPREHENSIVE INCOME&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">732,479</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">346,900</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">346,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,390</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">3,390</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">45,900</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">45,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; text-align: left; padding-left: 6pt">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">463,535</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">463,535</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: #FFFF99; padding-left: 6pt">Informational data (not part of the statement)</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">CURRENT YEAR</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">PREVIOUS YEAR</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ACCUMULATED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">QUARTER</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">ACCUMULATED</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">QUARTER</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-left: 6pt">OPERATING DEPRECIATION AND AMORTIZATION</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: right">248,473</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">248,473</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: right">254,506</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">254,506</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">EMPLOYEE PROFIT SHARING EXPENSE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: #FFFF99; padding-left: 6pt">Informative data (12 Months)</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">YEAR</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">CURRENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">PREVIOUS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-left: 6pt">REVENUE NET (**)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">30,819,887</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">20,645,867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OPERATING PROFIT (LOSS) (**)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">2,622,619</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,058,142</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT(**)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">47,294</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">997,481</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 0.5pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NET PROFIT (LOSS) (**)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">2,967,040</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,156,692</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: Black 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">OPERATING DEPRECIATION AND AMORTIZATION (**)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt; text-align: right">1,082,125</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,159,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">(*) TO BE DEFINED BY EACH COMPANY</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">(**) INFORMATION FOR THE LAST 12 MONTHS</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: center; background-color: white; border-right: Black 1pt solid">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 12pt; background-color: white">CLAVE DE COTIZACION: <FONT STYLE="font: normal 12pt Arial, Helvetica, Sans-Serif; color: windowtext"><B> SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">YEAR 2012</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">QUARTER: 1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: left; border-right: Black 1pt solid">GRUPO SIMEC, S.A.B. DE C.V</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: Black 1pt solid; font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">STATEMENTS OF CASH FLOWS</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; background-color: white">CONSOLIDADO</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; padding-left: 6pt">(THOUSAND PESOS)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif; background-color: white">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-right: windowtext 0.5pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; border-top-color: windowtext; border-top-width: 1pt; background-color: #FFFF99; padding-left: 6pt">CONCEPTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">CURRENT YEAR</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; vertical-align: bottom; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">PREVIOUS YEAR</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">Amount</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF99">Amount</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left; padding-left: 6pt">OPERATING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">PROFIT (LOSS) BEFORE INCOME TAX</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">702,747</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">495,069</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) ITEMS NOT REQUIRING CASH</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+ ESTIMATE FOR THE PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ PROVISION FOR THE PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) OTHER UNREALISED ITEMS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) ITEMS RELATED TO INVESTING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">242,567</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">249,127</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">DEPRECIATION AND AMORTISATION FOR THE PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">248,473</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">254,506</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-)+ GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) LOSS (REVERSAL) IMPAIRMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-)+ EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) DIVIDENDS RECEIVED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) INTEREST RECEIVED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-5,906</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-5,379</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) EXCHANGE FLUCTUATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) ITEMS RELATED TO FINANCING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">7,163</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,209</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(+) ACCRUED INTEREST</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">7,163</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,209</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(+) EXCHANGE FLUCTUATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(+) DERIVATIVE TRANSACTIONS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CASH FLOWS BEFORE INCOME TAX</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">952,477</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">747,405</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 6pt">CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-800,753</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-482,480</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) DECREASE (INCREASE) IN TRADE ACCOUNTS RECEIVABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-571,065</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-497,748</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) DECREASE (INCREASE) IN INVENTORIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-162,276</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-404,103</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-370,426</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-27,722</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) INCREASE (DECREASE) IN TRADE ACCOUNTS PAYABLE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">177,432</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">492,893</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) INCREASE (DECREASE) IN OTHER LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">125,582</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-45,800</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) INCOME TAXES PAID OR RETURNED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: white; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; padding-left: 6pt">NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">151,724</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">264,925</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">INVESTING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-34,113</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-164,646</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">(-) PERMANENT INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ DISPOSITION OF PERMANENT INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ SALE OF PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-40,019</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-146,785</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) TEMPORARY INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ DISPOSITION OF TEMPORARY INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) INVESTMENT IN INTANGIBLE ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ DISPOSITION OF INTANGIBLE ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) ACQUISITIONS OF <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> VENTURES</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ DISPOSITIONS OF <FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> VENTURES</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ DIVIDEND RECEIVED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ INTEREST RECEIVED</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">5,906</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,379</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-23,240</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">FINANCING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-7,163</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-3,209</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; padding-left: 6pt">+ BANK FINANCING</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ STOCK MARKET FINANCING</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ OTHER FINANCING</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) BANK FINANCING AMORTISATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) STOCK MARKET FINANCING AMORTISATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) OTHER FINANCING AMORTISATION</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+(-) INCREASE (DECREASE) IN CAPITAL STOCK</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) DIVIDENDS PAID</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) INTEREST EXPENSE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">-7,163</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">-3,209</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-) REPURCHASE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; vertical-align: top; text-align: justify; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">110,448</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">97,070</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">-1,505</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">28,400</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">6,537,088</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,384,917</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-top-width: 0.5pt; padding-left: 6pt">CASH AND CASH EQUIVALENTS AT END OF PERIOD</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">6,646,031</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,510,387</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD></TR>
</TABLE>


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    <TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">QUARTER: 1&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-top: Black 1pt solid">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font: bold 8pt Arial, Helvetica, Sans-Serif; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.<BR>
STATEMENTS OF CHANGES IN EQUITY&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font: normal 12pt Arial, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
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<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; font-weight: bold; text-align: center">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font: 9pt Verdana, Helvetica, Sans-Serif; color: #003366">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 8pt Calibri, Helvetica, Sans-Serif; text-align: center; border-right: Black 1pt solid">(THOUSAND PESOS)</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">CONCEPTS</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">CAPITAL STOCK</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">SHARES REPURCHASED</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD></TR>
<TR></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt">BALANCE AT ___________</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">RETROSPECTIVE ADJUSTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFC000">APPLICATION OF COMPREHENSIVE INCOME&nbsp; TO RETAINED EARNINGS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; color: red; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;RESERVES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; color: red; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;DIVIDENDS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; color: red; border-top-color: windowtext; border-top-width: 0.5pt">CAPITAL INCREASE (DECREASE)&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">REPURCHASE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt">(DECREASE) INCREASE<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> IN</FONT><FONT STYLE="color: windowtext"> NON-CONTROLLING INTERESTS</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">OTHER CHANGES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMPREHENSIVE INCOME&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; background-color: white">BALANCE AT ___________</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 1pt">BALANCE AT ___________</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">RETROSPECTIVE ADJUSTMENTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFC000">APPLICATION OF COMPREHENSIVE INCOME TO RETAINED EARNINGS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; color: red; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;RESERVES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt"><FONT STYLE="font-weight: normal; font-style: normal">DIVIDENDS</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; color: red; border-top-color: windowtext; border-top-width: 0.5pt">CAPITAL INCREASE (DECREASE)&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">REPURCHASE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; vertical-align: middle; text-align: left; border-top-color: windowtext; border-top-width: 0.5pt">(DECREASE) INCREASE<FONT STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: red"> IN</FONT><FONT STYLE="color: windowtext"> NON-CONTROLLING INTERESTS</FONT></TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; vertical-align: bottom; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">OTHER CHANGES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMPREHENSIVE INCOME&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; border-top-color: windowtext; border-top-width: 0.5pt; background-color: white">BALANCE AT ___________</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #00B050; text-align: right">0</TD></TR></TABLE>

<!-- Field: Page; Sequence: 11 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif"><TR STYLE="vertical-align: bottom"><TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid">QUARTER: 1&nbsp;</TD>
    <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-top: Black 1pt solid">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font: bold 8pt Arial, Helvetica, Sans-Serif; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.<BR>
STATEMENTS OF CHANGES IN EQUITY&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font: normal 12pt Arial, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 8pt; font-weight: bold; text-align: center">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center; border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font: 9pt Verdana, Helvetica, Sans-Serif; color: #003366">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; color: #0070C0; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 8pt Calibri, Helvetica, Sans-Serif; text-align: center; border-right: Black 1pt solid">(THOUSAND PESOS)</TD></TR></TABLE>






<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; color: red; font-weight: bold; text-align: center; background-color: #FFFF99">OTHER&nbsp; CONTRIBUTED CAPITAL</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: red; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: #FFFF99">RETAINED EARNINGS (ACCUMULATED LOSSES)</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; color: red; font-weight: bold; text-align: center; background-color: #FFFF99">ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: #0066CC">EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: #0066CC">NON-CONTROLLING INTERESTS</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: #FFFF99">TOTAL EQUITY</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">RESERVES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-style: normal; color: #FF0000"><B>UNAPPROPRIATED EARNINGS </B></FONT><B><FONT STYLE="color: windowtext"><BR>
(ACCUMULATED LOSSES)</FONT></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #C0C0C0">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #FFFF00">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">11,571,900</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">(63,349)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000; text-align: right">18,695,281</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">1,844,083</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000; text-align: right">20,539,364</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">463,535</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">(41,263)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000; text-align: right">422,272</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">(75,372)</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000; text-align: right">346,900</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #008000">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">12,035,435</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; color: #FF0000; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">(104,612)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">19,117,553</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">1,768,711</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">20,886,264</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">14,322,752</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">393,889</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000; text-align: right">21,903,371</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,175,858</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000; text-align: right">24,079,229</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">729,089</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">(659,174)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000; text-align: right">69,915</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF; text-align: right">(168,059)</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; color: #FF0000; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000; text-align: right">(98,144)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #FFFFFF">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; background-color: #008000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #C0C0C0">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #008000">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">15,051,841</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; color: #FF0000; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">(265,285)</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">21,973,286</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">2,007,799</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">23,981,085</TD></TR>
</TABLE>

</P>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Grupo Simec, S.A.B. de C.V. and Subsidiaries</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>(Subsidiary of Industrias CH, S.A.B. de C.V.) </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0"><B>Notes to the consolidated financial statements</B></P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="text-transform: uppercase"><B>1.</B></FONT></TD><TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Nature of business and relevant events</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt; text-align: justify"><B><I>Nature of business</I></B> <B><I>&ndash;</I></B>
The principal activities of Grupo Simec, S.A.B. de C.V. and subsidiaries (the Company) are the manufacture and sale of special
bar quality &ldquo;SBQ&rdquo; commercial and profiles structural steel products for the automotive and construction industries
both in Mexico, the United States (USA) and Canada. The Company is a subsidiary of Industrias CH, S.A.B. de C.V. (Industrias CH).
The Company is a private company with limited liability incorporated and existing under the laws of Mexico. The address of its
registered office and place of business is Calzada Lazaro Cardenas 601, Guadalajara, Jalisco, Mexico.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 5pt 0 5pt 28.35pt; text-align: justify">The Mexican Securities Commission (CNBV) establish
the requirement to certain listed companies to disclose their financial information to the public trough the Mexican Stock Exchange
(BMV) to that from 2012 to develop obligatory financial information based on Financial Reporting Standard (IFRS) hereinafter IFRS
or IAS, issued by the International accounting standard board (IASB)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 5pt 0 5pt 28.35pt; text-align: justify">The Financial Statement to be issued by the Company
for the year ending December 31, 2012 will be its first annual financial statement complies with IFRS. The translation date is
January 1, 2012 and therefore, the year ended December 31, 2011 will be the comparative period covered by the standard of adoption
IFRS 1, &ldquo;Initial Adoption of International Financial Reporting Standards&rdquo;. According to IFRS 1 the Company will apply
the relevant mandatory exceptions and certain optional exemption to retrospective application of IFRS</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>2.</B></TD><TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B><I>Basis of preparation </I></B></FONT></TD></TR></TABLE>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #1A171B; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>The consolidated financial
statements-</B> As result of the adoption of IFRS mentioned in note 1, consolidated financial statement, interim no audited, have
been prepared according to IAS 34, financial information interim, and will be part of the first consolidated financial statement
according to IFRS, that will be issued to the year ended December 31, 2012, for this reason we have adopted the disposition of
IFRS 1, additionally , this consolidated financial statement not include the information and disclosure required for annual financial
statement according with IFRS.</FONT></TD>
</TR></TABLE>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
Company has included recurring adjustment accounting estimates considered necessary for presentation of the consolidated financial
statements interim no audited according to IAS 34. Comprehensive income for the first quarter ended march 31, 2012 is not necessarily
an indicator of comprehensive income that could be expected for the year ended December, 31 2012.</P>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
account policies applied to these financial statement are consistent with those applied to the consolidated financial statement
at march 31, 2011.</P>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #1A171B; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Historic Cost</B>- consolidated
financial statement have been prepared on the historical cost basis, except for certain financial instruments valued to fair value
which are valued to fair value. Historical cost is generally based on the fair value of the consideration given in exchange for
assets.</FONT></TD>
</TR></TABLE>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #333333">c.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated Base</B>-consolidated
financial statement include of Grupo Simec, S. A. B. de C. V. and the entities (including special purpose entities) controlled
by the company (its subsidiaries). Control its obtained when the Company has the power to govern the financial and operating policies
of an entity to obtain benefits from its activities<FONT STYLE="color: #333333">.The outcome of subsidiaries acquired or sold
during the year include in the consolidated statement of comprehensive income from acquisition date or the date of sale, as the
case. Comprehensive income is attributed to both, the company and non-controlling interest even if the non- controlling present
a deficit.</FONT></FONT></TD>
</TR></TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">If necessary , further adjustments are done on the financial
statements of subsidiaries to adapt their accounting policies that are aligned with those used by other group members. All transactions,
balances, income and expenses between companies that are consolidated are eliminated on consolidation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The changes in investments in subsidiaries of the company
that not resulting in a loss of control is recorded as equity transactions. The book value of investments and equity of the company
controlled not adjusted to reflect changes in related investments in subsidiaries. Any difference between the amount for which
share are adjusted not controlled and the fair value of consideration paid or received is recognized directly in equity and attributed
to the owners of the company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">When the company loss control of a subsidiary, the gain
or loss on disposal is computed as the difference between (i) the aggregate fair value of compensation received ant the fair value
of any retained interest and (ii) the value prior books of the assets (including goodwill) and liabilities of the subsidiary and
any non-controlling interest.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The amounts recognized in other comprehensive income
items relating to the subsidiary are recorded (ie to income are reclassified or transferred directly to retained earnings) in the
same manner established for the case of the availability of assets or liabilities relevant. The fair value of any investment retained
in the former subsidiary at the date of loss of control is considered fair value for the initial recognition in subsequent accounting
according to IAS 39 &ldquo;Financial Instruments Recognition and Measurement&rdquo;, or if applicable, the cost on initial recognition
of an investment in an associate or under joint control entity.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">Business acquisitions recorded using the purchase method.
The consideration given for each acquisition are measured at fair value at the date of exchange, of assets given, liabilities incurred
or assumed and equity instruments issued by the company in exchange for control of the acquire. Cost related to the acquisition
is recognized in income incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The identifiable assets acquired and liabilities assumed
are recognized at the fair value at the acquisition date, except that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 70.8pt; text-align: justify">-Assets and liabilities deferred income tax liabilities
or assets and related agreements, employee benefits are recognized and valued in accordance with IAS 12, &ldquo;Income tax and
IAS 19, employee benefits, respectively;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 70.8pt; text-align: justify">-Liabilities or equity instruments related to the replacement
by the Company acquired the business incentive base payments in shares, are valued in accordance with IFRS 2, &ldquo;Share based
payment&rdquo; and.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt">The assets or group of assets for sale are classified
as held for sale under IFRS 5, long term assets available for sale and discontinued operation, are valued pursuant with this standard.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">Goodwill is recognized as an asset to the date on which
control is acquired, ie the acquisition date and is valued as the excess of the amount of the consideration paid, plus the value
of the non-controlling interest in the business acquired over the fair value of the acquired business share in the previously possessed,
if any, on the net at the acquisition date of the identifiable assets acquired and liabilities assumed. If the value of these last
is higher, the difference shall be recognized immediately in income as a gain from a bargain purchase.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The non-controlling interest on the acquired business
should appraise initially at fair value or proportion of the non-controlling interest on the net value at the date of acquisition
of the identifiable assets acquired and liabilities assumed. The choice of the basis of valuation of the non-controlling is done
case by case.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">When the consideration paid by the Company in a business
acquisition includes assets or liabilities resulting from a contingent consideration, it is valued at its fair value at the acquisition
date and include as part of the consideration paid.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 35.4pt; text-align: justify">Changes in the fair value of contingent consideration,
which they describe as valuation period settings are adjusted against goodwill retrospectively determined.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The valuation period settings are settings that are determined
as a result of information obtained during the &ldquo;period of valuation&rdquo;, which can&acute;t exceed one year from the date
of acquisition, on facts and circumstances that existed at the acquisition date. The record of changes in fair value subsequent
to the period of valuation is based on the classification of contingent consideration in the statement of financial position. If
the contingent consideration is classified as equity, changes in fair value not </P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">recorded and the variation may be seen as contingent
consideration is recorded in liquid capital. If the contingent consideration is classified an asset or liability, changes in fair
value are recognized in accordance with IAS 39 &ldquo;Financial Instruments Recognition and Valuation, or IAS 37, Provisions. Contingent
Liabilities and Contingent assets, as appropriate, and corresponding gain or loss is recorded in the utility.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The initial recognition of business acquisition is not
completed at the end of the reporting period, in which acquisition occurs, the Company reported provisional amounts for the items
whose recognition is incomplete. During the period of valuation, the Company recognizes adjustments to provisional amounts recognized
asset or liability or additional requirements to reflect new information obtained about facts and circumstances that existed at
the acquisition date, which if known, would have affected the valuation of amounts recognized at that time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0 35.4pt; text-align: justify">At March 31, 2012, December 31, 2011 and December
2010 the subsidiaries of Grupo, Simec, S. A. B. de C. V. included in the consolidation are as follows.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.7pt 32.85pt 0 0; text-align: right"><B>Percentage of equity owned</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72%; padding-top: 4.05pt; padding-right: -1pt; padding-left: 2pt; font-weight: bold"><B>Subsidiaries established in Mexico:</B></TD>
    <TD STYLE="width: 14%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; padding-top: 4.05pt; font-weight: bold; text-align: center"><B>2011/2012</B></TD>
    <TD STYLE="width: 14%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; padding-top: 4.05pt; padding-right: 30.75pt; padding-left: 30.9pt; font-weight: bold; text-align: center"><B>2010</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 4.05pt; padding-right: -1pt; padding-left: 2pt">Compa&ntilde;&iacute;a Sider&uacute;rgica de Guadalajara, S.A. de C.V.</TD>
    <TD STYLE="padding-top: 4.05pt; padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-top: 4.05pt; padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Arrendadora Norte de Matamoros S.A. de C.V. (1)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Arrendadora Simec, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Compa&ntilde;&iacute;a Sider&uacute;rgica del Pac&iacute;fico, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Coordinadora de Servicios Sider&uacute;rgicos de Calidad, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Industrias del Acero y del Alambre, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Procesadora Mexicali, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Servicios Simec, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Sistemas de Transporte de Baja California, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Operadora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Operadora de Metales, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Administradora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A., de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Comercializadora Simec, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2pt">CSG Comercial, S.A. de C.V.</P>
        </TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 26.55pt"><B>99.95%</B></P>
        </TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 26.55pt"><B>99.95%</B></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Corporativos G&amp;DL S.A. de C.V.(2)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold">100.00%</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold">100.00%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Comercializadora de Productos de Acero de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.95%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.95%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Sider&uacute;rgica de Baja California, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.95%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.5pt; font-weight: bold"><B>99.95%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Operadora de Servicios de la Industria Sider&uacute;rgica ICH, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Productos Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Comercializadora MSAN, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 2, Inc (3)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 3, Inc. (3) </TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Corporaci&oacute;n Aceros DM, S. A. de C. V. y Subsidiarias (4)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 4, Inc. (3) y (4)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 5, Inc. (3) y (4)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Acero Transportes San, S. A. de C. V. (4)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec Acero, S.A. de C.V.</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Corporaci&oacute;n ASL, S. A. de C. V. (2)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 6, S. A. de C. V. (2)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec International 7, S. A. de C. V. (2)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 26.55pt; font-weight: bold"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 2pt"><B>Subsidiaries established in foreign countries:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2pt">SimRep Corporation and Subsidiaries (5) (6) y (7)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 26.5pt"><B>50.22%</B></P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 26.5pt"><B>50.22%</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Pacific Steel, Inc. (6)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Pacific Steel Projects, Inc. (6)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec Steel, Inc. (6)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Simec USA, Corp. (6)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">Undershaft Investments, NV. (8)</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.05pt"><B>100.00%</B></P>
        </TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.05pt"><B>100.00%</B></P>
        </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -1pt; padding-left: 2pt">GV do Brasil Industria e Comercio de Aco LTDA (9)</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold">100.00%</TD>
    <TD STYLE="padding-right: -1pt; padding-left: 24.05pt; font-weight: bold">100.00%</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This company sold on May 2011.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Entities established in 2010.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(3)</FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Entities that change their
address and fiscal authority, to the state of California, USA through 2011. Since the change, the main activity of this entities
is the acquisition of new business or projects (Investment funds).</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD>This Subsidiaries are located in San Luis Potosi, in Mexico, which were acquired by
Grupo Simec, S.A.B. de C.V. in 2008. For effects of these Financial Statements, this companies are named as &rdquo;Grupo San&rdquo;.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD>The parent Company ICH it&rsquo;s the owner of 49.78% of capital stock of this subsidiaries.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD>Companies established in the United States of America, except for one facility that
is established in Canada.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD>SimRep does not have important transaction, or assets, except for the investment on
Republic Steel. Before September 2011 the name of this subsidiary was Republic Engineered Products Inc.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD>Subsidiary established in Curacao.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD>Subsidiary established in Brazil. (See paragraph k, below)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right">d</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Cost and Expenses Classification - Are presented its function due the practice of
industry belong the Company.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0"><B>3. Summary of significant account policies.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.65pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Conversion of financial
Statement of Foreign Subsidiaries</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">As
a result of early adoption of IFRS as mentioned in Note 1, the financial statements have been prepared in accordance with IFRS-1,
<I>First-time Adoption of International Financial Reporting Standards.</I></P>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
functional and reporting currency of the Company is the Mexican peso. The financial statements of foreign subsidiaries were translated
to Mexican pesos in accordance with International Accounting Standard (IAS) 21, <I>&ldquo;The Effects of Changes in Foreign Exchange
Rates&rdquo;</I>. Under this standard, the first step to convert financial information from foreign operations is the determination
of the functional currency. The functional currency is the currency of the primary economic environment of the foreign operation
or, if different, the currency that mainly impacts its cash flows.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
U.S. dollar is considered as the functional currency of the U.S. subsidiaries, SimRep Corporation and Subsidiaries, Inc (Republic)
and Pacific Steel Inc. and the Brazilian real for GV do Brasil Industria e Comercio de Aco LTDA., therefore the financial statements
of these subsidiaries were translated into Mexican pesos by applying:</P>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #1A171B">a.</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The exchange rates at the
balance sheet date to all assets and liabilities.</FONT></TD>
</TR></TABLE>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-indent: -21.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #1A171B">b.</FONT></TD><TD STYLE="width: 5pt; text-align: justify"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The historical exchange rate
at stockholders&rsquo; equity accounts and revenues, costs and expenses.</FONT></TD>
</TR></TABLE>

<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-indent: -15.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
Mexican Peso was considered the functional currency of the subsidiaries Simec USA Inc., Pacific Steel Projects, Inc., Simec Steel
Inc., and Simec International, 2,3,4 and 5 this last establish in United States of America in 2011 and the U.S. dollar as its
recording currency; therefore the financial statements were translated to Mexican pesos as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-indent: -21.3pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61pt; text-align: right">1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Monetary assets and liabilities
by applying the exchange rates at the balance sheet date.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61pt; text-align: justify">2)</TD><TD STYLE="width: 5pt; text-align: justify"></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Non-monetary assets and liabilities,
as well as stockholders&rsquo; equity accounts, at the historical exchange rate,</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 61pt; text-align: justify">3)</TD><TD STYLE="width: 5pt; text-align: justify"></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Revenues, costs and expenses
at the historical exchange rate. The effect of assets and liabilities non-monetary in the income of the year, such depreciation
and cost of sales, are translate at historical exchange rate corresponding to the balance sheet date.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Translation
differences were carried directly to the income statement as part of the comprehensive financing cost under the caption foreign
exchange loss.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-indent: -21.3pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Relevant
exchange rates used in the preparation of the consolidated financial statements were as follows (Mexican pesos per one U.S. dollar):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 59%; padding-right: 5.4pt; padding-left: 15.85pt; font-family: Arial, Helvetica, Sans-Serif; text-indent: -13pt">Current exchange rate as of March 31, 2012</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif; text-align: center; width: 27%">12.8489</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; font-family: Arial, Helvetica, Sans-Serif; text-indent: -13pt">Current exchange rate as of December 31, 2011</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: center"> 13.9904</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; font-family: Arial, Helvetica, Sans-Serif; text-indent: -13pt">Current exchange rate as of January 1, 2011</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif; text-align: center">12.3571</TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; font-family: Arial, Helvetica, Sans-Serif; text-indent: -13pt">Weighted average exchange rate for the year ended March 31, 2012</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;12.9965</P></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; font-family: Arial, Helvetica, Sans-Serif; text-indent: -13pt">Weighted average exchange rate for the year ended March 31, 2011</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;12.0549</P></TD>
    </TR>
</TABLE>
<P STYLE="color: #1A171B; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 6pt; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><B>b.</B></TD><TD STYLE="width: 5pt"></TD><TD><B>Cash and cash equivalents</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.85pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Cash
consists of deposits in bank accounts that do not generate interest. Cash equivalents consists in temporary investments refer
to short- term fixed income investments whose original maturity is less than three months. These investments are expressed at
cost plus accrued yields. The value so determined is similar to their fair value</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10.55pt 0 23.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><B>c.</B></TD><TD STYLE="width: 5pt"></TD><TD><B>Allowances for doubtful accounts</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
Company follows the practice of recording an estimation of an allowance for doubtful accounts, which is computed considering the
balance of customer with age higher than one year, those under litigation or the possible loss for non-fulfillment of the customer.
Actual result may differ materially from these estimates in the future.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Inventories and cost of
sales</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Inventories
are recorded at the lower of acquisition cost and production, which cost do not exceed the market value or net realizable value.
The allocation of cost used is the average cost method. The net realization value represent the estimated selling price for inventories
less all costs to complete all necessary costs and for sale.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
Company classifies the raw materials inventory on the balance according to the expected date of consumption but she represented
as long term inventory who according to historical data and trends, are not consumed in the short term (one year).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
Company follows the practice of creating a reserve for slow moving inventory, considering all of products and raw materials with
turnover greater than one year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>e.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Property Plant and equipment</B>-
Are recorded at cost less any recognized impairment loss. The cost include professional fees and, for qualifying assets, borrowing
costs capitalized in accordance with the accounting policies of the Company. Depreciation is recognized for writing off the cost
of assets (other than land and properties under construction) less its residual value over their useful lives using the straight-line
method, and commences when the assets are ready for their intended use. The estimated useful-lives, residual values and depreciation
method are reviewed at the end of each year, and the effect of any change in the estimate recorded is recognized on a prospective
basis.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt">Land
is not depreciated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Property,
plant and equipment fail to recognize when they are available or when no future economic benefits expected from its use. The gain
or (loss) arising on the disposal or retirement of assets, is the difference between income from the sale and book value of the
asset and is recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt">The
estimated useful lives of the main assets of the Company are:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR>
    <TD STYLE="width: 78%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: bold; text-align: center">Years</TD></TR>
<TR>
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="color: #A0A0A0; font-family: Arial, Helvetica, Sans-Serif; text-align: center"><HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: #A0A0A0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">Buildings</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: center">10 to 65</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">Machinery and equipment</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: center">5 to 40</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">Transportation equipment</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: center">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt; font-family: Arial, Helvetica, Sans-Serif">Furniture, mixtures and computer equipment</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, Helvetica, Sans-Serif; text-align: center">3 to 10</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>f.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Leasing</B>- Leases are
classified as financial leases when the terms of the lease transfer substantially all the risk and benefits inherent to ownership.
All other lease transfer classified as operating leases.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
assets held under finance leases are recognized as assets of the Company at their fair value at inception of the lease, or if
lower, the present value of minimum lease payments. The corresponding liability to the lessor is included in the statement of
financial position as a finance lease liability.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Lease
payments are apportioned between the finance charge and the reduction of lease obligation in order to achieve a constant interest
rate on the remaining balance of the liability. Finance cost are charged directly to income, unless they can be directly attributable
to qualifying assets, in which case it is capitalized in accordance with the general policy of the Company for borrowing costs.
Contingent rents are recognized as expenses in the period incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Income
payments under operating leases are charged to expense using the straight line method during the period corresponding to the lease,
but is more representative of another systematic basis is more representative of the pattern of the benefits of leasing for the
user. Contingent rents are recognized as expenses in the period incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">If
the Company receives incentives to enter an operating lease, these are recognized as a liability and the added benefit of them
is recognized as a reduction of rental expenses on a straight-line basis, unless it sis representative as another systematic basis
is more representative of the pattern of benefits to the user.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>g.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Borrowing Cost</B>. Borrowing
costs directly attributable to the acquisition construction or production of qualifying assets, which are assets that require
a substantial period of time until ready for use or sale, are added to the cost of those assets during that time until they are
ready for use or sale.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">The
income obtained by the temporary investment of specific borrowings pending funds to be used in qualifying assets is deducted from
the borrowing costs eligible for capitalization.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">All
other borrowing cost are recognized in income during the period they are incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>h.</B></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Intangible assets</B>-
Intangible assets with finite useful- lives acquires separately are recorded at cost less accumulated amortization and accumulated
impairment losses. Amortization is based on the straight-line method over their estimated useful lives. The estimated useful lives,
residual value and amortization method are reviewed at the end of each year, and the effect of any change in the estimate recorded
is recognized on a prospective basis. Intangibles assets with as indefinite useful life acquired separately are recognized at
cost less accumulated impairment losses.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">Disbursements
arising from research activities are recognized as an expense in the period in which incurred.</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt; margin-left: 44pt; text-indent: 0pt; text-align: justify">An
internally generated intangible asset arising out of activities of development (or from the development phase of an internal project)
is recognized if and only if all the following have been demonstrated.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Technical feasibility
of completing the intangible asset so that may be available for use or sale,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The intention of
completing the intangible asset and use or sell it,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ability to use
or sell the intangible asset,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The manner in which
the intangible asset will generate probable future economic benefits,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The availability
of adequate technical, financial or otherwise , to complete the development and use or sell the intangible asset, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ability to value
reliably the expenditure attributable to the intangible asset during its development.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The amount initially recognized for
internally generated intangible asset is the sum of expenditure incurred from the time that the item meets the conditions for recognition
set out above. When you can&acute;t recognize an internally generated intangible asset, the development expenditure is expensed
in the period incurred Subsequent to initial recognition, internally generated intangible asset is recognized at cost less accumulated
depreciation and any accumulated impairment losses, on the same basis intangibles assets acquired separately.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">When an intangible asset acquired
in a business combination and recognized separately from goodwill, its cost is its fair value at the acquisition date (which is
considered as its cost). Subsequent to initial recognition, an intangible asset acquired in a business combination are recognized
at cost less accumulated depreciation and any accumulated impairment losses, on the same basis as intangible assets acquired separately.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">An intangible asset is left to recognize
when it is available or when no future economic benefits are expected to use. The gain or (loss) obtained arising from the lowering
of intangible, calculated as the difference between the net disposal proceeds and its carrying amount is recognized in earnings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>i.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Goodwill</B>-
                                                                                                                                      Goodwill arising from a business combination is recognized as an asset at the date on which control is acquired (acquisition
                                                                                                                                      date) less accumulated impairment losses. For purposes of assessing impairment, goodwill is allocated to each cash generating
                                                                                                                                      units of the Company expects to benefit from the synergies of  this combination. The cash generating units to which goodwill
                                                                                                                                      is allocated are subject to impairment reviews annually, or more frequently if there is an indication that the unit may be
                                                                                                                                      impaired. If the recoverable amount of the cash generating units less than the carrying amount of the unit, the impairment
                                                                                                                                      loss is allocated first to reduce the carrying amount of the unit, based on the carrying amount of each asset in the unit.
                                                                                                                                      The impairment loss recognized for goodwill purposes can&acute;t be reversed at a later period. Having a cash generating
                                                                                                                                      unit, the amount attributable to goodwill is included in determining the gain or loss on disposal.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>j.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impairment</B>
of tangible and intangible assets excluding goodwill- To the end of each year, the Company reviews the carrying amounts of its
tangible and intangible assets to determine whether there is an indication that those assets have suffered any loss deterioration.
If there is any indication, we calculate the assets have recoverable amount to determine the extent of the impairment loss (if
any). When it is not possible to estimate the recoverable amount of an individual asset, the Company estimate the recoverable amount
of the cash generating unit to which the asset belong. When you can identify a reasonable and consistent distribution of corporate
assets are also allocated to individual cash generating units, or otherwise, are assigned to the smallest group of cash generating
units for which can be identified based reasonable and consistent distribution. Intangible assets with an indefinite useful life
or not yet available for use, are subjected to test for purposes of impairment at least annually and whenever there is an indication
that the asset may be impaired. The recoverable amount is the higher of fair value less cost to sell and value in use. In assessing
value in use, the estimated future cash flows are discounted to their present value using a discount rate before tax that reflects
current market assessments of the value of money and the risks specific to the asset for which have not been adjusted estimates
of future cash flows. If it is estimated that the recoverable amount of an asset (or cash generating unit) is less than its carrying
amount, the carrying amount of the asset (cash generating unit) is reduced to its recoverable amount. Impairment losses are recognized
immediately in profit or loss unless the assets is carried at revalued amount, in which case should be considered an impairment
loss as a revaluation decrease, where an impairment loss subsequently reverses, the carrying amount of the asset (cash generating
unit) is increased to the revised estimated recoverable amount, so that the increased carrying amount does not exceed the carrying
amount is have not been determined whether an impairment loss recognized for the asset (or cash generating unit) in prior years.
A reversal of an impairment loss is recognized immediately in profit or loss unless the assets is recognized to an amount revalued
in which case the reversal of the impairment loss is treated as a revaluation increase. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>k.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Provisions</B>
-. Provisions are recognized when the Company has a present obligation (legal or assumed) as a result of past events, if it is
likely that the Company has to liquidate the obligation and reliable estimate can be made of the amount of the obligation.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">The amount recognized as a provision
is the best estimate of the expenditure required to settle the present obligation at the end of the reporting period under review,
taking into account the risk and uncertainties that surround obligation. When a provision is valued using cash flows estimated
to settle the present obligation, its carrying amount represent the present value of those cash flows.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">When expected to recover from
a third party of some or all the economic benefits required to settle a provision is recognized a receivable as an asset if it
is virtually certain to be received the disbursement and the amount of the receivable can be valued reliably.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>l.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Cost of retirement
benefits</B>. Contributions to benefit plans to defined contribution retirement are recognized as expenses at the time the employees
render the services that entitle them to the contributions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify">In the case of defined benefit
plans, the cost of such benefits are determined using the projected unit credit method, with actuarial valuation carried out at
the end of each period being reported. Gain and losses that exceed 10% of the greater of the present value of defined benefit obligations
of the Company and the fair value of plan assets at the end of last year, are amortized over the estimated average remaining working
lives of employees participating in the plan. The past service costs are recognized immediately to the extent that benefits are
acquired otherwise, are amortized using the straight-line method over the average period until the benefits become acquired.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">The retirement benefit obligation
recognized in the statement of financial position represent the present value of defined benefit obligation, adjusted for gains
and losses not recognized and the costs of unrecognized past service, less the fair value of the plan assets. Any asset that arises
from this calculation is limited to unrecognized actuarial losses and past service cost, plus the present value of reimbursements
and reductions in future contributions to the plan.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>m.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Income per share</B>-
Earnings per share are calculated by dividing net income controlling interest by the weighted average of common shares outstanding
for each of the periods presented.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>n.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Income Taxes</B>.
Expense for income taxes represent the sum of the resulting income taxes payable and deferred income tax.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Current Income Tax</B>- The
current income tax is the higher income tax (ISR) and the flat rate business tax (Flat Tax) and is recognized in income in the
year they are incurred. The income tax payable is based on fiscal profits and cash flows of each year respectively. The fiscal
profit differs from profit reported in the consolidated statement of comprehensive income due to items of income or expenses taxable
and deductible in other years and items that are never taxable or deductible. The company&acute;s liability for taxes due is computed
using tax rates enacted or substantially approved at the end of the period over which it is reported.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify"><B>Deferred Income Tax</B>- The
company determined, based on financial projections, determine whether ISR or Flat Tax in the future and recognize the corresponding
deferred tax on the tax it paid. Deferred tax is recognized temporary differences between the carrying amount of assets and liabilities
included in the financial statements and the corresponding tax base used to determine the tax profit, using the liability method.
The deferred tax liability is generally recognized for all temporary tax differences. It recognizes a deferred tax asset, because
of all deductible temporary differences, as far as is probable that the future taxable profits available against which to apply
those deductible temporary differences. These assets and liabilities are not recognized if temporary differences arise from goodwill
or the initial recognition (other than the business combination) of other assets and liabilities in a transaction that affects
neither the tax profit accounting profit.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">The carrying value of deferred
tax asset should be reviewed at the end of each year and should be reduced to the extent deemed unlikely to have sufficient taxable
profits to allow it to recover all or a portion of the asset.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">Assets and deferred tax liabilities
are computed using tax rates expected to apply in the period when the liability is paid or the asset is realized, based on the
rates (and tax act) that have been approved or substantially approved the end of the reporting period under review. The valuation
of liabilities and deferred tax assets reflects the tax consequences that would result from the way the Company</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">expects, at the end of the reporting
period under review, to recover or settle the carrying amount of assets and liabilities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">It also recognizes a deferred
tax asset for the estimated future effects of tax loss carry-forwards and tax credits recoverable asset. It records a valuation
allowance to reduce the balance of deferred tax assets to the amount of future net benefits are more likely than not they do.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">Deferred tax assets and deferred
tax liabilities are offset when there is a statutory right to offset short-term assets with short term liabilities as they relate
to income taxes for the same taxation authority and the Company intends to liquidate its assets and liabilities en a net basis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Current income tax and deferred
income tax period</B>. Current and deferred are recognized as income or expense in profit or loss, except when related items that
are recognized out of the income, either in other comprehensive income or (loss) or directly in equity, in which case the tax is
also recognized outside of the outcome, or when arising on initial recognition of a business combination.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Interest on balance recoverable
taxes</B>- Interest on tax receivables balances are presented in the consolidated statement of comprehensive income as interest
income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Income Tax in the interim
period</B> - The income tax is recorded in the interim period based on the estimated annual effective rate.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 17pt; text-align: left">o</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Foreign currency transaction</B>- In preparing the financials statements of individual
entities, transaction in currencies other than the entity&acute;s functional currency (foreign currencies) are recorded using
exchange rates prevailing at the dates on which operations are carried out. At the end each reporting period, monetary items denominated
in foreign currency are converted at exchange rates prevailing at that time.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 6pt 0; text-align: justify; text-indent: 35.4pt">The exchange
rate differences are recognized in the income statement except:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Foreign exchanges
differences from foreign currency denominated loans relate to assets under construction for future productive use, which are included
in the cost of those assets when considered as an adjustment to interest cost on loans denominated in foreign currency,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Differences on exchange
derived from transaction related to hedging exchange rate risks, and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Differences in exchange
rate from monetary items receivable from or payable to a foreign operation for which it is planned or is it possible to make a
payment (forming part of the investment in foreign operations), which are initially recognized in other comprehensive income and
reclassified from equity to profit or loss when selling all or part of investment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.25pt"><B>p.</B></TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><B>Financial Instruments</B> &ndash; assets and liabilities are recognized
when the Company is part of the contractual provisions of the instrument.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 4.8pt 6pt 35.25pt; text-align: justify">The assets and liabilities are
measured initially at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets
and liabilities are increased or decreased from its fair value, as appropriate, on initial recognition, the transaction costs directly
attributable to the acquisition of assets or liabilities at fair value through income is recognized immediately in earnings.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.25pt">q-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt">Financial assets- Financial assets are classified into the following specific
categories, &ldquo;financial assets at fair value through income&rdquo;, &ldquo;preserved at maturity investment&rdquo;, &ldquo;financial
assets available for sale&rdquo; and loans and charge receivable. The classification depends on the nature and purpose of financial
assets and is determined at the time of initial recognition. All financial assets are recognized and unknown on trade date where
purchase or sale of financial assets is under a contract whose terms require delivery of the asset during a period which is usually
set by the relevant market.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">The method of the effective
interest rate is a method of computed the amortized cost of a financial instrument and of allocating interest income over the relevant
period. The effective interest rate is the rate that exactly discounts estimated future cash receipts including all fees on points
based on interest paid or received that form an integral of the effective interest rate, transaction costs and other premiums or
discounts over the expected life of the debt or financial instrument (where appropriate) in a shorter period, with the carrying
amount on initial recognition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">The Company has no financial
assets classified as &ldquo;financial assets at fair value through income&rdquo;, &ldquo;preserved at maturity investments&rdquo;
or &ldquo;financial assets available for sale&rdquo;,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">Accounts receivable, loans and
other receivable with fixed or determinable payments that are not trade in an active market are classified as loans and receivable.
Loans and receivables are stated at amortized cost using the effective interest method, less any impairment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial assets
other than financial assets at fair value through income, are subject testing for effects of impairment at the end of each period
which is reported. It is considered that financial assets are impaired when there is objective evidence that as a result of one
or more events that occurred after initial recognition of financial asset, the estimated future cash flows of the financial assets
have been affected.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The estimates and underlying assumption
are reviewed on a regular basis. The reviews at accounting estimates are recognized in the period of the review and future periods
if the review affects both current period and to subsequent periods.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Objective evidence of impairment could
include:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Significant financial
difficulties of the issuer or counterparty, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-payment of interest
or principal, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It is likely that
the borrower will enter bankruptcy of financial reorganization, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The disappearance
of an active market where quoted by the financial asset because of financial difficulties.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">For certain categories of financial
assets such as accounts receivables, assets that have been subjected to testing for effects impairment and have not been impaired
as individual, are included in the evaluation of impairment on a collective basis. Among the objective evidence that a portfolio
of accounts receivable may be impaired, you could include the past experience of the Company with respect to the collection, an
increase in the number of last payments in the portfolio in excess of the average credit period of 60 days as well as changes observable
in national and local economic conditions that correlate with default on payments.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">For financial assets carried at amortized
cost, the amount of impairment loss recognized is the difference between the book value of assets and present value of future cash
receipts discounted at the original effective interest rate of the asset financial.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The carrying value of financial assets
is reduced by the impairment loss directly for all financial assets except for accounts receivable, where the carrying amount is
reduced through an account estimate for doubtful accounts. When you consider that a receivable is uncollectible, it is removed
from the estimate. The subsequent recovery of amounts previously deleted become claims against the estimate. Changes in the carrying
value of the account of the estimate is recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Except for equity instruments available
for sale, if, in a subsequent period, the amount of the impairment loss decreases and this decrease can be related objectively
to an event that occurs after recognition of impairment, impairment loss previously recognized is reversed through income to the
extent that the carrying amount of investment to date reversed the impairment does not exceed the amortized cost would have been
if he had not recognized the damage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The company fails to recognize a financial
asset only when the contractual rights on the cash flows of financial assets, and transfers substantially all the risk and benefits
inherent to the ownership of financial assets. If the Company neither transfer not retains substantially all the risks and benefits
inherent to the ownership and continues to retain control of the asset transferred, the Company recognizes its interest in the
asset and liability associated to the amounts that would have to pay. If the Company retains substantially all risks and benefits
inherent in ownership of transferred financial asset, the Company continues to recognize the financial asset and also recognizes
collateral for loan funds received.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">When fully unknown a financial asset,
the difference in value of the asset and the amount of the consideration received and the cumulative gain or loss that has been
left to recognize in other comprehensive income (loss) and accumulated in the equity is recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Not knowing a financial asset in part
(where the Company retains the option to repurchase part of a transferred asset, or retains a residual interest that does not result
in the retention of substantial risk and benefits property and the company retains control), the Company distributed the previous
value of the asset financial between the part that continues to be recognized and the part no longer recognized based on the fair
value of those parts of the date of transfer. The difference between the carrying amount allocated to the party is no longer recognized
and the amount of the consideration received by such party, and any cumulative gain or loss allocated to it has been recognized
in other comprehensive income (loss) will be recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 35.25pt">s.</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><B>Financial liabilities </B>&ndash; debt and equity instruments issued by
the Company are classified as either financial liabilities or equity in accordance with the substance of the contractual arrangements
and the definition of a financial liability and equity instrument. Financial liabilities are classified either as &ldquo;financial
liabilities at fair value through income &ldquo;or&rdquo; other financial liabilities&rdquo;-</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial liability at fair value
through income is a financial liability is classified as held trading or is designated as fair value through income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 6pt 0; text-align: justify">A financial liability is classified
as held for trading if:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Is acquired principally
for the purpose of repurchasing in the near future, or,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On initial recognition
is part of identified financial instruments that are managed together and for which there is evidence of a recent pattern of making
short-term profits, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It is a derivative
not designed as hedges and meet the conditions to be effective.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 4.8pt 0 0; text-align: justify">A financial liability other than a
financial liability held for trading may be designated as an financial liability at fair value through profit or loss upon initial
recognition if:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This eliminates or
significantly reduces an inconsistency in the valuation or recognition that would otherwise arise, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The performance of
a group of financial assets, financial liabilities or both is managed and evaluated on the basis of fair value, according to an
investment strategy or risk management that the entity&acute;s documented, and provide internally about that group, based on their
fair value or,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify; padding-right: 4.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Part of a contract
containing one or more embedded derivatives, and IAS 39, Financial instruments Recognition and Measurement, allow the entire hybrid
contract (asset or liability) is designated as at fair value through income.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial liabilities at fair value
through income are recorded at fair value recognize any gain or loss arising from the remediation in the income statement. The
gain or loss recognized in the statement include any dividend or interest earned from the financial asset and is included under
the heading &ldquo;other gains and losses&rdquo; in the statement of comprehensive income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Other financial liabilities, including
loans, are valued initially at fair value, net of transaction costs. The method of effective interest rate is a method of calculating
the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest
rate is the rate exactly discounts estimated cash payments over the expected life of the financial liability (or, where appropriate,
a short period) to the carrying amount financial liabilities on initial recognition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The Company writes off financial liabilities
if and only if, the Company&acute;s obligations are fulfilled, cancelled or expire. The difference between the carrying amount
of financial liability discharged from and the consideration paid and payable is recognized in earnings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"><B>t&#9;Derivative financial instruments</B>
&ndash; The Company uses derivative financial instruments to manage its exposure to risk in the changes in natural gas prices,
which is used for production, conducting studies on historical volumes, future requirements or commitments, reducing the exposure
to risks outside the normal operation of the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Derivatives are initially recognized
at fair value at the date the derivative contract subscribe and then remiden at fair value at the end of the reporting period.
The gain or loss is recognized in income immediately unless the derivative is designated and is effective as a hedging instrument,
in which case the timing of the recognition results depend on the nature of the hedging relationship.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">In order to mitigate the risks associated
with fluctuations in the price of natural gas, whose price is based on supply and demand from major markets, the Company uses exchange
contracts or swaps cash flow of natural gas, where price the Company receives floating and pays fixed price. Fluctuations in the
price of this energy input from consumed volumes are recognized as part of the operating costs of the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">At the beginning of the hedging relationship,
the Company documents the relationship between the hedging instrument and hedged item, along with its risk management objective
and strategy of hedging transactions. Additionally, the inception of the hedge and on an ongoing basis, the Company documents whether
the hedging instrument is highly effective in offsetting the exposure to change in fair value or changes in cash flows of the hedged
item.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The effective portion of changes in
the fair value of derivatives that are designated and qualify as cash flows hedges is recognized in other comprehensive income
and accumulated under the title of the fair value of derivative financial instruments, net of profit taxes. Gains and losses on
the ineffective portion of the hedging instrument is recognized instrument is recognized immediately in income, and is included
in other income (expense)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The Company periodically assesses
the changes in cash flows from derivative financial instruments to analyze if the swaps are highly effective in reducing exposure
to fluctuations in the price of natural gas. A hedging instrument is considered highly effective when changes in fair value or
cash flows of the primary position are compensated on a regular basis or as a whole, by changes in the fair value or cash flows
of the hedging instrument in a range between 80% and 125%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Amounts previously recognized in other
comprehensive income and accumulated in equity are reclassified to earning in the periods when the hedged item is recognized in
income in the same area of the statement of comprehensive income of hedged item recognized. However, when a forecast transaction
that is covered gives rise to the recognition of a non-financial asset or liability is not financial gain or loss previously accumulated
in equity are transferred and include in the initial valuation of the cost of the asset does not financial or nonfinancial liabilities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Hedge accounting is discontinued when
the Company reverses the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or no
longer meets the criteria for hedge accounting. Any cumulative gain or loss on the hedging instrument that is recognized in equity
remain in equity until the forecast transaction is ultimately recognized in the results. When no longer expects the forecast transaction
occurs, the cumulative gain or loss in equity is immediately reclassified the results.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in"><B><I>u.&#9;Revenue recognition</I> </B><FONT STYLE="color: black"><I>&ndash;</I></FONT><B>
</B>Revenue is recognized in the period in which transfer the risks and benefits of inventories to customer who purchased them,
which usually coincides with the delivery of products to customers in fulfilling their orders. Net sales represent the goods sold
at list price, less returns received and discounts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in"><B><I>V.&#9;Segments Information</I> </B><FONT STYLE="color: black"><I>&ndash;</I></FONT><B>
</B>Segment information is presented in accordance with the region and due to the operation business is presented in accordance
with the information used by management for decision making purposes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in"><B>w.&#9;Earnings (loss) per share</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 24.4pt 0 0.5in; text-align: justify">Income per share is calculated
by dividing controlling net income or loss, by the weighted average shares outstanding during each year presented.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Tahoma, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center; background-color: white">CLAVE DE COTIZACION: <FONT STYLE="font: normal 10pt Tahoma, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">QUARTER: 1</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">CONSOLIDADO</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold">(THOUSAND PESOS)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">COMPANY NAME</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">PRINCIPAL ACTIVITY</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">NUMBER OF SHARES</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">% OWNERSHIP</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">TOTAL AMOUNT</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt">ACQUISITION COST</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt">CURRENT VALUE</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">SIMEC INTERNATIONAL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD. DE ACERO</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">ARRENDADORA SIMEC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PACIFIC STEEL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE CHATARRA</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">CIA SIDERURGICA DEL PACIFICO</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">ARRENDADORA DE INMUEBLES</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.89</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COORDINADORA DE SERVICIOS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMERCIALIZADORA SIMEC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">INDUSTRIA DEL ACERO Y EL ALAMBRE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PROCESADORA MEXICALI</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE CHATARRA</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SERVICIOS SIMEC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SISTEMAS DE TRANSPORTE DE BAJA CALIFORNIA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">TRANSPORTISTA</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">OPERADORA DE METALES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">OPERADORA DE SERVICIOS SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">ADMINISTRADORA DE SERV SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMREP</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">SUB-HOLDING</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">50.22</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">REPUBLIC ENGINEERED PRODUCTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">50.22</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">OPERADORA DE SERV DE LA INDUSTRIA SIDERURGICA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">CSG COMERCIAL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.95</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMER DE PROD DE ACEROS DE TLAXCALA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.95</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIDERURGICA DE BAJA CALIFORNIA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.95</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COORPORACION ACEROS DM</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">SUB-HOLDING</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PRODUCTOS SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMERCIALIZADORA MSAN</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">COMERCIALIZADORA ACEROS DM</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PROMOTORA ACEROS SAN LUIS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">UNDER SHAFT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">SUB-HOLDING</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PROCESADORA INDUSTRIAL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">CORPORATIVOS G&amp;DL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">ACERO TRANSPORTE SAN</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">TRANSPORTISTA</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 2 INC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 3 INC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 4 INC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 5 INC</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 6</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC INTERNATIONAL 7</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC ACERO</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC USA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">PACIFIC STEEL PROJECTS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">SIMEC STEEL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">100.00</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">CIA SIDERURGICA DE GUADALAJARA</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">CORPORACION ASL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">GV DO BRASIL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">99.99</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; font-style: italic; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">TOTAL INVESTMENT IN ASSOCIATES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in"></P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">BOLSA
    MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font: 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">CLAVE
    DE COTIZACION: <FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-style: normal; font-variant: normal; color: windowtext"><B>SIMEC</B></FONT></FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">QUARTER: 1</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font: bold 10pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">YEAR
    2012</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">GRUPO
    SIMEC, S.A.B. DE C.V</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font: bold 12pt Tahoma, Helvetica, Sans-Serif; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">CONSOLIDADO</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">BREAKDOWN
    OF CREDITS</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">(THOUSAND
    PESOS)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; border-right: Black 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">FOREIGN
    INSTITUTION (YES / NO)</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">CONTRACT
    SIGNING DATE</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">EXPIRATION
    DATE</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">INTEREST
    RATE</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">CREDIT
    TYPE / INSTITUTION</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TIME
    INTERVAL</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TIME
    INTERVAL</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; vertical-align: bottom; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4&nbsp;YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: yellow"><FONT STYLE="font-size: 6pt">BANKS</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">FOREIGN
    TRADE</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">SECURED</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><FONT STYLE="font-size: 6pt">COMERCIAL
    BANKS</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">OTHER</FONT></TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TOTAL BANKS</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; background-color: yellow"><FONT STYLE="font-size: 6pt">STOCK
    MARKET</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">FOREIGN
    INSTITUTION (YES / NO)</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">CONTRACT
    SIGNING DATE</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">EXPIRATION
    DATE</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">INTEREST
    RATE</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TIME
    INTERVAL</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TIME
    INTERVAL</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">LISTED
    STOCK EXCHANGE (MEXICO AND / OR FOREIGN)</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">UNSECURED</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">MEDIUM TERM
    NOTES</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">3,880</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">SECURED</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">PRIVATE
    PLACEMENTS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">UNSECURED</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
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    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
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    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: left"><FONT STYLE="font-size: 6pt">SECURED</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: left"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">TOTAL STOCK MARKET
    LISTED IN STOCK EXCHANGE AND PRIVATE PLACEMENT</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">3,880</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: yellow"><FONT STYLE="font-size: 6pt">OTHER
    CURRENT AND NON-CURRENT LIABILITIES WITH COST</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">FOREIGN
    INSTITUTION (YES / NO)</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">DATE
    OF AGREEMENT</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">EXPIRATION
    DATE</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">MISCELLANEOUS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">649,941</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 1pt; background-color: white; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: left; background-color: white"><FONT STYLE="font-size: 6pt">TOTAL
    OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">649,941</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: middle; text-align: center; background-color: yellow"><FONT STYLE="font-size: 6pt">SUPPLIERS</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">FOREIGN
    INSTITUTION (YES / NO)</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">DATE
    OF AGREEMENT</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">EXPIRATION
    DATE</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">MISCELLANEOUS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">423,217</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">MISCELLANEOUS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">1,875,077</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">TOTAL
    SUPPLIERS</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">423,217</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">1,875,077</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 6pt">OTHER
    CURRENT AND NON-CURRENT LIABILITIES</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">FOREIGN
    INSTITUTION (YES / NO)</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 6pt">MATURITY
    OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt"><FONT STYLE="font-size: 6pt">CURRENT
    YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
1 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
2 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
3 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
4 YEAR</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">UNTIL
    <BR>
5 YEAR <BR>
OR MORE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">MISCELLANEOUS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">23,541</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">68,688</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">MISCELLANEOUS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">NO</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">611,066</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">42,171</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">TOTAL
    OTHER CURRENT AND NON-CURRENT LIABILITIES</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">23,541</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">68,688</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">611,066</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 6pt">42,171</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; background-color: white"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><FONT STYLE="font-size: 6pt">GENERAL
    TOTAL</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">446,758</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">68,688</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt; padding-right: 1pt; padding-left: 1pt"><FONT STYLE="font-size: 6pt">3,139,964</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">42,171</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt"><FONT STYLE="font-size: 6pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: bold 11pt Tahoma, Helvetica, Sans-Serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 11pt Tahoma, Helvetica, Sans-Serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 11pt Tahoma, Helvetica, Sans-Serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Tahoma, Helvetica, Sans-Serif"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; font-size: 10pt; background-color: red"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD COLSPAN="9" STYLE="font-size: 10pt; background-color: white">&nbsp;<FONT STYLE="font-size: 6pt">Estas columnas no aplican para
    las secciones correspondientes</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; background-color: white"><FONT STYLE="font-size: 6pt">&nbsp;</FONT></TD></TR>
</TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Tahoma, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 176pt; border-left: windowtext 1pt solid; text-align: center; background-color: white">CLAVE DE COTIZACION: <FONT STYLE="font: normal 10pt Tahoma, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold">QUARTER: 1</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">MONETARY FOREIGN CURRENCY POSITION</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">THOUSAND PESOS</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; vertical-align: middle; text-align: center">FOREIGN CURRENCY POSITION</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">DOLLARS (1)</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">OTHER CURRENCIES</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: center">THOUSAND PESOS TOTAL</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">THOUSANDS OF DOLLARS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">THOUSAND PESOS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">THOUSANDS OF DOLLARS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">THOUSAND PESOS</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 0.5pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold">MONETARY ASSETS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">710,190</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">9,125,163</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">9,125,163</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">CURRENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">710,190</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">9,125,163</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">9,125,163</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">NON CURRENT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold">LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">247,390</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,182,135</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,182,135</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">SHORT TERM</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">244,376</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,139,964</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,139,964</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; padding-left: 27px; text-align: left">LONG TERM</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">3,014</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">42,171</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">42,171</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; color: white; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; color: white; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; color: white; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; color: white; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">NET BALANCE</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">462,800</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,943,028</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt; text-align: right">5,943,028</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4">(1) IN THE NOTES SECTION MUST SPECIFY THE CURRENCY AND EXCHANGE RATE</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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    <TD STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">QUARTER: 1</TD>
    <TD STYLE="font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">YEAR 2012</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">DEBT INSTRUMENTS</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD COLSPAN="7" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">FINANCIAL LIMITATIONS IN CONTRACT, ISSUED DEED AND / OR TITLE</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid">MEDIUM TERM NOTES</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">A) Current assets to current liabilities must be 1.0 times or more</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">B) Total liabilities to total assets do not be more than 0.60</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid">C) Operating income plus items added to income which do not require using cash must be 2.0 times or more</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid">This notes was offered in the international market</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Tahoma, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD COLSPAN="7" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-family: Tahoma, Helvetica, Sans-Serif; text-align: center">ACTUAL SITUATION OF FINANCIAL LIMITED</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid">MEDIUM TERM NOTES</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid">A) Accomplished the actual situation is 4.42 times</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid">B) Accomplished the actual situation is 0.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid">C) Accomplished the actual situation is 153.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid">As of March 31, 2012, the remaining balance of the MTNs not exchanged amounts to Ps. 3.9 Millions ($302.000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">dollars)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
</TABLE>

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    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font: normal 10pt Tahoma, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="width: 83pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 83pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 109pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 109pt; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">QUARTER: 1</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold">YEAR 2012</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">DISTRIBUTION OF REVENUE BY PRODUCT</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">TOTAL INCOME</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">(THOUSAND PESOS)</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">MAIN PRODUCTS OR PRODUCT LINE</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">SALES</TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 0.5pt solid; border-bottom: black 0.5pt solid; border-left: windowtext 0.5pt solid; font-weight: bold; text-align: center">MARKET SHARE %</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">MAIN</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">VOLUME</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">AMOUNT</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 0.5pt; border-left-width: 0.5pt">TRADEMARKS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 0.5pt">CUSTOMERS</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: center">DOMESTIC SALES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">COMMERCIAL PROFILES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">204</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">2,274,289</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">SPECIAL PROFILES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">126</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">1,552,310</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">OTHERS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">164</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">TOTAL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">330</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">3,826,763</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">FOREIGN SALES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">COMMERCIAL PROFILES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">34</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">421,862</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">SPECIAL PROFILES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">11</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">110,194</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">OTHERS</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">16,409</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">TOTAL</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">45</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">548,465</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">FOREIGN&nbsp; SUBSIDIARIES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">SPECIAL PROFILES</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">213</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">3,739,612</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid; font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">T&nbsp; O&nbsp; T&nbsp; A&nbsp; L</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">588</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 0.5pt">8,114,840</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 0.5pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; border-left-color: windowtext; border-left-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 8pt Tahoma, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: windowtext 1pt solid; text-align: left; background-color: white">CLAVE DE COTIZACION: <FONT STYLE="font: normal 10pt Tahoma, Helvetica, Sans-Serif; color: windowtext"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="3" STYLE="border-left: windowtext 1pt solid; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif">GRUPO SIMEC, S.A.B. DE C.V</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, Helvetica, Sans-Serif">QUARTER: 1</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, Helvetica, Sans-Serif">YEAR 2012</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; font-family: Arial, Helvetica, Sans-Serif">CONSOLIDADO</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">ANALYSIS OF PAID CAPITAL STOCK</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 54pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 75pt; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">CHARACTERISTICS OF THE SHARES</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">SERIES</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">NOMINAL VALUE<BR> ($)</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">VALID COUPON</TD>
    <TD COLSPAN="4" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">NUMBER OF SHARES</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt">CAPITAL SOCIAL</TD></TR>
<TR STYLE="vertical-align: middle; background-color: #FFFF99">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">FIXED PORTION</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt">VARIABLE PORTION</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">MEXICAN</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt">FREE SUBSCRIPTION</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 1pt">FIXED</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-left-color: windowtext; border-top-width: 1pt; border-left-width: 1pt">VARIABLE</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top-color: windowtext; border-top-width: 1pt; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">B</TD>
    <TD STYLE="text-align: center">0</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">90,850,050</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">406,856,164</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">497,709,214</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: right">441,786</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; text-align: right">1,978,444</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 0.5pt solid; text-align: center; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 0.5pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">TOTAL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">90,850,050</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-top-color: windowtext; border-top-width: 0.5pt; border-left-color: windowtext; border-left-width: 1pt">406,859,164</TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt">497,709,214</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt">441,786</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center; border-left-color: windowtext; border-left-width: 1pt">1,978,444</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8">TOTAL NUMBER OF SHARES REPRESENTING THE CAPITAL STOCK OF THE DATE OF SENDING THE INFORMATION:</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center">497,709,214</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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