MINUTES OF THE REGULAR SHAREHOLDER’S MEETING OF CORIMON, C.A. (September 19)

Today nineteen (19th) of September 2011 at 3:00 pm the shareholders identified below met at the company’s headquarters located at the penthouse of Corimon Building, located at Calle Hans Neumann, Urbanizacion Los Cortijos de Lourdes in Caracas, in order to hold an Extraordinary General Meeting of Shareholders of Corimon, CA, shareholders listed at the bottom of this Act having regard to the absence of the Chairman of the Board, chaired the Assembly Dr. Alejandro Alfonzo-Larrain, who is a representative of the Board of Directors of the company and has been designated in writing (as stated in Secretary) by the President of the Board to preside at this Extraordinary General Meeting of Shareholders. Dr. Alejandro Alfonzo-Larrain, was also accompanied by the Directors Rafael Enrique Abreu and Rainer Viete and the company’s General Director Mr. Esteban Szekely.

Upon verified a quorum of eighty-five point four hundred seventy-three percent (85.473%) of the company’s subscribed and paid-in shares of capital stock, Dr. Alejandro Alfonzo-Larrain declared the Regular Shareholders’ Meeting as valid and read the call of meeting published in newspaper “El Universal” on September three (3th) 2011, transcribed as follows:

“CORIMON, C.A.
AUTHORIZED CAPITAL: BS. F. 97,973,320.00
CAPITAL SUBSCRIBED AND PAID: BS. F. 78,384,000.00
CARACAS, VENEZUELA

CALL

Shareholders of CORIMON, C.A. are hereby called to a Extraordinary Shareholders Meeting to be held on September 19th, 2011, at 3:00 p.m., at the penthouse of Edificio Corimon, located at Calle Hans Neumann, Los Cortijos de Lourdes, in the city of Caracas, Venezuela, for purposes of taking into consideration and resolve upon the items included in the following agenda:

1. To consider and resolve on the issue, public offer and negotiating of any kind of obligations, commercial paper and / or equity securities, up to the total amount of Two Hundred Fifty Million Bolivares (Bs 250,000,000.00) in the terms and conditions approved by the Board of Directors of the Company, all in accordance with the provisions of the Ley de Mercado de Valores.

2. To consider and resolve on the appointment of the common representative of the bondholders, holders of commercial paper and / or equity securities and the fixing of the remuneration of the same.

The Board

Caracas, September 3th, 2011 “.

Once read the call of meeting, as it was published, they took into consideration and decided upon the following items:

FIRST: To consider and resolve on the issue, public offer and negotiating of any kind of bonds, commercial paper and / or equity securities, up to the total amount of Two Hundred Fifty Million Bolivars (Bs 250,000,000.00) in the terms and conditions approved by the Board of Directors of the Company, all in accordance with the provisions of the Ley de Mercado de Valores.

The President of the Assembly Dr. Alejandro Alfonzo-Larrain, told shareholders the benefits of the stock market for the company, indicating that this authorization is being requested for the issue, public offer and negotiating any kind of bonds, commercial paper and / or equity securities , up to the total amount of Two Hundred Fifty Million Bolivars (Bs 250,000,000.00) in order to diversify funding sources of the company, improve the maturity structure of liabilities of the it, making use of the borrowing costs that are presented in the stock market. In this regard, informed the Assembly that it was necessary to adequately empower the Board for acting on behalf of the Shareholders, within a maximum period of two (2) years, to make the bond issue, as well as to select the type of securities to be issued, lapses due to the same terms and costs of each issue, in order to have sufficient flexibility to leverage the best opportunities the market offers both term and fees and conditions, then the proposal is submitted for consideration of the shareholders present and was approved unanimously, the issue, public offer and negotiating any kind of bonds, commercial paper and / or equity securities of the company until the amount overall two hundred fifty million Bolivars (Bs 250,000,000.00) with specific mention of delegating to the Board of Directors of the company for the maximum term of two (2) years, the issuance of the bonds and setting of the terms, conditions and costs for each of the emissions, all as stipulated in the Ley de Mercado de Valores.

As regard the second point of the agenda, which is:

SECOND: To consider and resolve on the appointment of the common representative of the bondholders, holders of commercial paper and / or equity securities and the fixing of the remuneration of it.

At this point Dr. Alejandro Alfonzo-Larrain, proposed to the Shareholders pursuant to the Ley de Mercado de Valores and given the approval of the above, to delegate in the Board of Director the power to appoint, among Venezuelan financial institutions and / or operators of securities authorized the provisional common representative of each issue, and broadly empowers the Board of Directors of the company to fix the terms and conditions of this contract and the remuneration that will receive the provisional common representative of each issue. The Shareholders unanimously approved the second point of the Assembly in the manner noted above.

Finally, they authorized Amelia Ibarra, Venezuelan, of legal age, domiciled in Caracas and bearer of the identity card N° 6.911.566, for certifying, as Secretary of Corimon, C.A., this Minutes of Regular Shareholders’ Meeting, as well as notifying the competent authorities regarding the decisions taken at this Shareholders’ Meeting. Likewise, they authorized Daniel Pantoja, Venezuelan, of legal age, of this domicile and bearer of the identity card N° 3.985.059, for carrying out the corresponding registration at the Mercantile Registry Office and request any certified copies deemed necessary.

Being there no further matters to discuss, the Meeting was adjourned and this Minutes was prepared and signed in agreement by the attendants and representatives.
(Signed) Alejandro Alfonzo-Larrain, representing 292 shares, (Signed) Veruzka Cruz, representing 6603 shares, (Signed) Rommel Cubas, representing 4423shares, (signed) Amelia Ibarra, representing 652,753 shares and (Signed) Rainer Viete, representing 5903 shares.
I, Amelia Ibarra, Venezuelan, of legal age, domiciled in Caracas and bearer of the identity card N° 6.911.566, acting as Secretary of Corimon, C.A., company domiciled in Caracas and registered at the Second Mercantile Registry Office of the Judicial Circuit of the Federal District and Miranda State on June fourteen, 1949, under N° 644, Volume 3-D, hereby certify that the above minutes is true and exact copy of its original filed in the Book of Minutes of Shareholders’ Meeting carried by the company.

Amelia Ibarra