Capital Markets

Represented La Electricidad de Caracas (EDC) in connection with the equity offering of 80,781,982 shares of common stock (2006).

Represented Corporación Andina de Fomento (CAF) in connection with the issuance of its Bs. 215 billion Floating Rates Notes due 2011 (2006).

Represented Vengas, a subsidiary of Prisma Energy, in connection with its delisting from the Caracas stock exchange (2004).

Represented Telecom Italia Mobile (TIM) in its purchase of the remaining minority shareholdings in Corporación Digitel (2004).

Represented Empresas Polar in the US$568 million sale of its shares in Backus & Johnston to Grupo Empresarial Bavaria (2002).

Represented The AES Corporation in its US$1.4 billion unsolicited tender offer for CANTV (2001).

Represented Empresas Polar in its US$501 million tender offer forMavesa (2001).

Represented The AES Corporation in its US$1.8 billion unsolicited tender offer for La Electricidad de Caracas (EDC) and Corporación EDC (2000).

Represented the underwriter in the offering of 975 million preferred shares issued by Envases Venezolanos (1999).

Represented Sudamtex de Venezuela in its offering of 2.6 million American Depositary Shares (ADSs) (1997).

Represented Venepal in its offering of 5 million American Depositary Shares (ADSs) (1996).

Represented Global Investment Financial Corporation in the placement of its Guaranteed Notes exchangeable for American Depositary Shares (ADSs) of Sudamtex de Venezuela (1996).

Represented the underwriters in the offering of 5 million Global Depositary Shares (GDSs) of Venepal (1992).