PA - Banco Security

Securitizadora Security S.A.
Type of entity
Closely-held corporation.
Registration in securities register
Securitizadora Security S.A. is registered in the Securities Register under No.640.
Objects
To acquire credits as referred to in clause 135 of Law 18,045 of 1981 and complementary legislation, and the issue of short and
long-term debt instruments.
General information
The company was constituted as a closely-held corporation by public deed dated October 21, 1997 before the notary Álvaro Bianchi
Rosas and was approved, together with its bylaws, by Resolution 369 of December 12, 1997 of the Superintendency of Securities
and Insurance.The certificate issued by that Superintendency containing an abstract of the bylaws was inscribed in folio 31,310
number 25,367 in the Santiago Trade Register of 1997 and published in the Official Gazette on December 23, 1997. In November
2005, Securitizadora Security S.A. was acquired by Grupo Security S.A. to become its direct subsidiary. The extraordinary shareholders’
meeting held on November 29, 2005 agreed to change the company’s name to Securitizadora Security GMAC-RFC S.A. In August
2008, Grupo Security S.A. acquired from GMAC-RFC Chile Inversiones Limitada 2,065 shares of Securitizadora Security GMAC-RFC.
Consequently, Grupo Security is the holder of 99.98% in the company and 0.02% is held by Asesorías Security S.A. The extraordinary
shareholders meeting held on September 22, 2008, modified the company’s name to Securitizadora Security S.A., by a deed signed
on September 25, 2008 before the notary Guillermo Le-Fort Campo. The board on December 29, 2009 accepted the resignation of
the director Ramón Eluchans Olivares, and this was informed to the Superintendency. The board on December 30, 2009 unanimously
agreed a transitory general policy regarding habitual ordinary operations with related parties which refer to its business and whose
purpose is to contribute to the corporate interests, whose price, terms and conditions are similar to those prevailing in the market.
This was communicated to the Superintendency on January 4, 2010, in accordance with article 147, 2 b) of the Corporations Law
(amended by Law 20,382 of October 2009). The ordinary shareholders meeting held on April 30, 2010 approved the appointment of
new external auditors, Deloitte Auditores y Consultores Limitada, for the year 2010 and Andrés Tagle Domínguez was appointed as
a new director. The corporate address and head office of the company is Av. Apoquindo 3,150, 7th floor, Santiago, and its web page
is www.securitizadorasecurity .cl.
Paid capital and equity
The capital and reserves as of December 31, 2010 are Ch$ 2,086 million and its equity Ch$ 1,613 million.
Investment as proportion of assets of Grupo Security S.A.
The total assets of Securitizadora Security S.A. represent 0.05% of the consolidated assets of Grupo Security.
Commercial relations with subsidiaries, associates and parent
In the future, there is the possibility of extending the offer of these services to customers of the parent’s subsidiaries and associates.
Board of directors
Chairman Francisco Silva S. Tax No.: 4.103.061-5
Directors Christian Sinclair M. Tax No.: 6.379.747-2
Renato Peñafiel M. Tax No.: 6.350.390-8
Carlos Budge C. Tax No.: 7.011.490-9
Andrés Tagle D. Tax No.: 5.895.255-9
President Juan Enrique Montes M. Tax No.: 9.253.937-7