A N N U A L R E P O R T G R U P O S E C U R I T Y ... - Banco Security

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Asesorias Security S.A. AND SUBSIDIARIES
TYPE OF COMPANY
Closely-held corporation.
REGISTRATION IN THE SECURITIES REGISTER
Asesorías Security S.A. is not inscribed in the Securities Register.
OBJECTS
The objects of the company are to provide financial, economic, business, accounting, legal, debt and business restructuring advisory
services and make studies of all kinds related to these services; make permanent investments and rentals of all kinds of corporeal or
incorporeal movable assets; acquire, conserve, sell, dispose of and negotiate in any way and form all kinds of shares, bonds, debentures,
securities and receive their returns, make investments to form, integrate, participate and represent all kinds of Chilean or foreign firms or
companies that exploit a business similar to the above and are of interest to the company.
GENERAL INFORMATION
The company was constituted as a closely-held corporation by public deed dated August 30, 1996. During 2002, there was a restructuring
of the businesses of Merchant Security S.A. and its subsidiaries Securitizadora Security GMAC-RFC S.A. and Asesorías Security. Asesorías
Security assumed all the advisory business in international investments and it was decided to discontinue the financial advisory services
provided by Merchant Security, which implied the closure of activities and compliance with ongoing obligations and mandates which
were completed late in 2002.
In addition, Merchant Security S.A. acquired all the shares in its subsidiary Asesorías Security not already held by it, thus becoming the
holder of 100% of its share capital and producing a merger through absorption. Its name was then changed from Merchant Security S.A.
to Asesorías Security S.A. In November 2005 Asesorías Security S.A. sold its holding in Securitizadora Security GMAC-RFC S.A. to Grupo
Security S.A.
PAID CAPITAL AND EQUITY
The paid capital as of December 31, 2008 was Ch$1,147 million and the equity Ch$1,219 million.
INVESTMENT AS PROPORTION OF ASSETS OF GRUPO SECURITY S.A.
Asesorías Security S.A. represents 0.4% of the assets of Grupo Security.
TRADING RELATIONS WITH SUBSIDIARIES, ASSOCIATES AND PARENT
Asesorías Security provides international investment advice to Grupo Security, Administradora General de Fondos and Vida Security.
It also became placement agent for the mutual funds managed by Administradora General de Fondos Security and distributor of the
products of Valores Security.
In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associate
companies.
BOARD OF DIRECTORS
Chairman Francisco Silva S. Tax No. 4.103.061-5
Directors Carlos Budge C. Tax No. 7.011.490-9
Renato Peñafiel M. Tax No. 6.350.390-8
President Rodrigo Fuenzalida B. Tax No. 13.883.110-8