Escrituras

Subject Minutes of the 567th meeting of the Rabobank Chile Credit Committee (“RCCC”)

Meeting date June 17, 2011

Voting members in attendance Erik Heyl, Loreto Román, Rinaldo Ratto; Terese Rowe

Others present Pedro Pablo Torres; Roberto Pratt; Raul Azocar; Pedro Zanon; Cristian Oyanedel; Felipe Brantes.

Reference RCCC/567 - Rabo Bank

1. Opening

-

2. Announcements

-

3. Minutes of the Previous Meetings

The Minutes of the RCCC 566 were approved with minor changes.

SCO Approvals were duly ratified:

- Agicola La Concordia

- Pueblo Seco

- Bozzolo Hnos

- Besalco Maquinarias

- Aquachile

- Lanalhue

- Tecnipack

- Julio Bernabe y Cia

4. Action List

The Action List was duly noted.

Note: Analysis of the exposure in the fruit export sector, with focus on the exchange rate variation should be complemented within a month focusing on our clients.

5. SAM Application

RB Guajardo Ltda.

Approved

RCCC approved the ongoing exit plan with this client.

Invagall Ltda.

Approved

RCCC approved the annual review with the request to downgrade SBIF Classification to C6.

Wiesner S.A.

Deferred

RCCC requested to improve the quality of the presentation and should be revised with both, Loreto Roman and Pedro Zanon before next RCCC. Additionally, it was requested that the property of Mr Wiesner should be included in the existing protection.

6. Corporate Applications

Forestal Tornagaleones

Concurred subject to SACCs approval

Salmones Multiexport S.A.

Changes were duly ratified

7. Midcap Applications

N/A

8. Business Banking Applications

Frio Valle del Maipo S.A.

Approved

Mario Fernando Cortes Bornand

Approved as amended.

Alejandro Rodriguez

Deferred

RCCC requested to include the spouse´s personal guarantee as the financial presentation includes her cashflows. Title (life) insurance must also be evaluated.

Agricola Puquitran

Deferred

RCCC considered that the Co´s debt service ratio was adjusted and requested to verify if Coluns shares could be pledged in favor of the new facility.

Luis Mladinic Prieto

Approved

Santa Teresa S.A. (De Martino)

Approved

RCCC requested an general description of the assets that are to be financed by leasing, as well as a detailed comment explaining that the rationale for the new loan requested is to recover from the earthquake damages/losses on the Co´s assets.

Agrospec S.A.

Approved

RCCC approved all requests, being noted that co´ financials improved as of Dec 2010.

Others

“Líneas de Sobregiros” was duly noted. Additionally, it was suggested to include a new column in this report with the period of time that these lines are being exceeded (at the time of this report).

“Excesos técnicos” was duly noted.

“Reporte CA Vencidos BB / Midcap Mayo 2011” was duly noted. Note

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