Sergio Alvarez Email & Phone Number

Responsibilities: Obtain financial resources with several actors of the financial system such as Commercial Banks, Real Estate Investment Funds and Insurance Companies for the development of investment projects and to satisfy other financial needs of clients. This involved knowing the strategic plans of the business and managing confidential information for negotiation purposes.Achievements:• Sheraton Miramar Hotel and Convention Center sale to Grupo Penta.Transaction amount: US$ 24 MM.References: Mr. Horacio Pena, CEO for Fondo Inmobiliario Las Americas, Grupo Penta. Ph. #: 562-4967200 E-mail: hp.afi@lasamericas.cl • Manage and execute Real Estate Leasing for INACAP for a 20 year term.Transaction amount: US$ 16 MM.References: Mr. Sergio Silva, Former Executive Director for INACAP. Ph. #: 562-4687200 E-mail: ssilva@cullinary.cl• Manage and negotiate Real Estate Leasing for Startel (CTC Movil & VTR Movil).Transaction amount: US$ 10,5 MM.References: Mr. Nicolas Gellona, CEO Consorcio Nacional Companía de Seguros de Vida. Ph.#: 562-2304000 E-mail: nicolas.gellona@consorcio.cl • Financial restructure for the financing of the Main office of Automovil Club de Chile.Transaction amount: US$ 8, 7 MM.• Manage and negotiate Mortgage Loan for La Reserva de Chicureo Mega-project. Transaction amount: US$ 7,8 MM.References: Mrs. Carolina Cuevas, Office Manager for BBVA Bank. Ph. #: 562-6792409 or 562 6791000 E-mail: ccuevas@bbva.cl • Real Estate leaseback of the Main office of Besalco S.A.Transaction amount: US$ 6,1 MM.References: Mr. Paulo Besanilla, CEO for Besalco S.A. Ph. #: 562-3344000 E-mail: pbezanilla@besalco.cl

Responsibilities: Financial restructure of the main Chilean companies which were in default during the first years of the 80’s due to several reasons such as debt excess, Chilean peso depreciation and the fall of internal demand. Participating as the only Chilean being all the rest of the executives employees of foreign banks such as Citibank, Chemical Bank, Manufacturers Hanover Trust, Lloyds Bank, Chase Manhattan Bank and Morgan Guaranty Trust within others. In coordination with the senior credit management, be able to conduct with the different participants the information gathering, concerns, updates and negotiation for several financial restructures.Achievements:• Initiate and manage the financial restructure for Empresas Copec S.A. Transaction amount: Syndicate loan of US$ 150 MM and a Short term loan of US$ 40 MM.• Initiate and manage the financial restructure for Celulosa Arauco y Constitucion S.A.Transaction amount: US$ 180 MM.• Initiate and manage the financial restructure for Pesquera Guanaye.Transaction amount: US$ 20 MM. References: Mr. John Byrne, Former CEO for Bank of America and Chase Manhattan Bank.Ph. #: 562-7510360 E-mail: jbyrne@boyden.com

Responsibilities:• Financial restructure of past due and problem loans of the bank, with the object to reduce and minimize the bad loans portfolio of Banco Sudamericano, today Scotiabank. • Negotiate with different companies and other creditor banks, new terms and conditions, that permitted the regularize them. Achievements:• Regularize a substantial amount of the portfolio of the bad loans of the bank, having therefore one of the lowest rate of bad loans during the first year.• Structure a methodology to deal with problem loans, although finally it was on a case by case basis. References: Mr. Ricardo Bacarreza Rodriguez,Former Executive Vice Chairman and General Manager. Ph.#: 562- E-mail:

Responsibilities:• Initiate the Start-Up of the leasing subsidiary of the bank in Chile, Citibank Leasing, being in charge of the legal, accounting, financial control, and internal reports to main office.Achievements:• Afterwards new leasing deals are presented to the bank, such us Burroughs, Ecom, Banco Sudamericano branches, one of the first real state leasing deals in Chile.• Participate very successfully in different leasing trainings, such us Vendor Leasing, Citicorp Leasing, Toronto Canada, Big Tickets Leasing Citicorp Leasing Division New York, Leasing Case Studies, San Juan Puerto Rico.• Promoted to as Chief of ABF (Asset Based Finance) in Ciudad de Mexico, Mexico.References:Mr. Max Fisher SVP, Citigroup, Head of Leasing DivisionMr. José Lopez VP, Citigroup Head for Canada and Latin America Division.

Responsibilities: • Initiate the Start-Up of the leasing subsidiary of the bank in Chile, Republic Leasing, being in charge of the legal, accounting, financial control, and internal reports to main office.Achievements:• Initiate leasing transactions for Republic National Bank of New York in Chile(Middle Market transactions), such as Wang Computer leasing transactions, BMW car distributor in Chile (Customers), Texas Instrument & Sharp representative in Chile.• The internal manuals and procedures designed, were used to develop Republic Leasing in Montevideo, Uruguay. References: Mr. Emilio Drullinsky, former Commercial Manager RNBNY. Ph: 562-9520090 edrullinsky@adin.cl

Responsibilities:• Study at Banco de Vizcaya (Madrid) financial leasing, going through the different areas involved in the process of a leasing transaction.• Accounting.• Operation & Systems.• Risk & Credit Management.• Marketing & Sales.Achievements:• Start up a complete new business in the financial market that was unknown for the banking community.• Develop important deals, such us Olivetti, Hucke & Mackay Nestle), Soprole, ECOM, Bresler and so many others. References: Mr. Javier Le Fort R, former General Manager. Ph: 562 3377200. E-Mail:javier.r.lefort1@wachoviasec.com

Responsibilities:• Cash-flow management & money desk for BHC Group, obtaining financial resourcesfrom different companies and financial institutions, and use their temporally cash-flow excess to provide the resources the group needed to finance their expansion.• In charge of the opening of different branches along Chile, which included finding the future location, hiring and training staff, which finally derived to the opening of the new branch.Achievements:• Being part of the team that provided liquidity to the BHC GROUP to finance it expansion (1983 BHC GROUP was the second largest industrial & financial conglomerate.)• Deeply involved and in charge of the openings of the following branches: Punta Arenas,Antofagasta, Temuco and Osorno.

Business Administrator Degree

Education record