Previous

Name                                      SEPTIMO FIDEICOMISO DE BONOS DE PRESTAMOS                                                 HIPOTECARIOS
ACTIVITY                             Non banking institution specialized in the generation, payment,
                                                administration and titling of mortgage loans.
Industry                                   Trust
Issuer Code                             FIDE
Number of Workers               0
Address                                   Plaza Regency, Floor 4, Via España, PO Box 0823-04422 Zone 7,
                                                Panama, Rep of Panama
Telephone                                (507) 300-8500
Fax                                          (507) 300-8501
Email                                      jcarrillo@lahipotecaria.com
Website                                   http//www.lahipotecaria.com
Directors / Executives
President                                 Alfredo De La Guardia D.
General Manager                     John D. Rauschkolb
Data updated at fiscal closing of 12/31

Mortgage Bonds
Rate                                         Expiration Date                       Series
5.5%                                        12/18/2031                              B
5.0%                                        18/12/2031                              A

Name                                      TOWERBANK INTERNATIONAL, INC.
ACTIVITY                             Finance the development and expansion of business in the Colon Free Zone,                                                                                                 development of  wholesale banking and financing to international commerce                                                   fromwithin or without Panama
Industry                                   Banks
issuer Code                             TWI
Number of employees            135
Address                                   Tower Plaza, Calle 50 and Breatriz M Cabal, Republic of Panama
Telephone                                (507) 269-6000
Fax                                          (507) 269-6800
Email
Website                                   http//www.towerbank.com
Directors and Executives
Data uploaded at fiscal clothing at 12/31

Name                                      TROPICAL RESORTS INTERNATIONAL INC.
ACTIVITY                             Has as its main activity and project the building and exploitation of a resort                                                 for eco tourism and historical tourism in the populated area of Gamboa, on                                                 the borders of the Chagres river and the Panama Canal.
Industry                                   hotels and restaurants
Issuer Code                             TRES
Issuer Code                             THREE
No of workers                         202
Address                                   Colon province, Cristobal, Gambia, PO Box 0816- 02009
Telephone                                (507) 324-9000
Data updated at closing 12/31

Tourism Bonds
Rate                                         Expiration Date                       Series
5%                                           01/15/2010                              B

Name                                      UNION NACIONLA DE EMPRESAS, S.A.
ACTIVITY                             Company holder of the Grupo UNESA shares
Industry                                   CONGLOMERATES
Address                                   corner of Via España and Calle 50, Sucasa Building, PO Box 8001,
                                                Panama 7, Panama
Telephone                                (507) 302-5464
Fax                                          (507) 263-s6547
Email                                      vespinos@unesa.com
Website                                   http//www.unesa.com
Directors / Executives
President                                 Guillermo E. Quijano Jr.
General Manager
Data updated at fiscal closing of 09/30

Common Shares