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Dear
Participant
DCV has taken note of the Preventive Judicial Reorganization filed by Empresas La Polar S.A., the details of which can be consulted in the Official Gazette dated September 3, 2011. In this regard, and concerning dematerialized issuances, we would like to inform you that, in the event of a potential payment default by the aforementioned Issuer, our Internal Regulations provide the following:
a) Numeral 14.5.1: In the event of non-payment of a capital event by the Issuer, Depositors must notify DCV within 5 business days from the due date of the missed payment. Based on this notification, DCV will issue the Depositor a certificate in accordance with Article 14 bis of Law 18,876.
b) Numeral 14.5.2: In the event that the Issuer is subject to a judicial or extrajudicial liquidation process, or is declared bankrupt, DCV must likewise provide Depositors with the certificate mentioned in item (a) above.
In accordance with the aforementioned Article 14 bis of Law 18,876, the certificate issued by DCV constitutes an enforceable instrument against the issuer and any other parties obligated to make the payment.
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES.
Fernando Yáñez González
General manager
