Corporate Governance Sharehold Structure

As of December 31, 2016, capital stock is represented by 471,475,120 nominative shares, at no par value, fully subscribed and paid, unique series, of which 36,668,998 correspond to fixed capital and 434,806,122 to variable capital. The certificates representing the Company’s common stock make no difference between the fixed or variable capital.

As part of the debt restructuring agreement, the creditors who opted to change its collection rights to shares were awarded 113,602,618 shares, subject to final reconciliations.