N-PX 1 file001.txt THE LATIN AMERICA EQUITY FUND, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-6094 The Latin America Equity Fund, Inc. ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) c/o Credit Suisse Asset Management, LLC 466 Lexington Avenue New York, New York 10017 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) J. Kevin Gao, Esq. 466 Lexington Avenue New York, New York 10017 ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (212) 875-3500 Date of fiscal year end: 12/31 Date of reporting period: July 1, 2004 - June 30, 2005 ITEM 1. PROXY VOTING RECORD THE LATIN AMERICA EQUITY FUND, INC. ===================== THE LATIN AMERICA EQUITY FUND, INC. ====================== AES TIETE SA(FORMERLY COMPANHIA DE GERACAO DE ENERGIA TIETE) Ticker: Security ID: P4991B119 Meeting Date: JUN 17, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For For Management -------------------------------------------------------------------------------- ALFA S.A. Ticker: Security ID: P47194116 Meeting Date: APR 5, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports for Fiscal Year Ended 12-31-04 Vote 2 Approve Allocation of Income and For Did Not Management Dividends; Set Maximum Limit of Share Vote Repurchase Reserve 3 Elect Members to Management and For Did Not Management Supervisory Board; Determine Their Vote Respective Remuneration 4 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote 5 Approve Minutes of Meeting For Did Not Management Vote -------------------------------------------------------------------------------- ALFA S.A. Ticker: Security ID: P47194116 Meeting Date: MAY 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Amnedments to Resolution 6 For Did Not Management Approved at the EGM Held on 2-4-04 Re: Vote Authority to Convene an EGM in First Quarter of 2005 to Approve Reduction in Capital 2 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote 3 Approve Minutes of Meeting For Did Not Management Vote -------------------------------------------------------------------------------- ALL AMERICA LATINA LOGISTICASA ALL AMERICA LAT BRASIL Ticker: Security ID: P01627143 Meeting Date: APR 1, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Board of Directors and Supervisory For For Management Board 4 Amend Art. 24 of the Bylaws For Against Management -------------------------------------------------------------------------------- ALL AMERICA LATINA LOGISTICASA ALL AMERICA LAT BRASIL Ticker: Security ID: P01627143 Meeting Date: NOV 30, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Alexandre Behring Costa as For Did Not Management Co-Chairman to the Mangement Board Vote 2 Elect New Director to the Management For Did Not Management Board Vote 3 Approve Conversion of Shares Purchased in For Did Not Management the Market into Preferred Shares, or of Vote an Equal Number of Preferred Shares Registered as Direct Investments Held by Foreign Investors, into Common Shares 4 Approve Creation of Audit Committee and For Did Not Management Amend Bylaws Accordingly Vote 5 Approve Remuneration of Finance Committee For Did Not Management Members Vote -------------------------------------------------------------------------------- AMERICA TELECOM S.A. DE C.V Ticker: Security ID: P0289K100 Meeting Date: APR 27, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For Did Not Management Financial Statements, Supervisory and Vote Audit Reports for Fiscal Year Ended 12-31-04; Allocation of Income 2 Approve Discharge of Management Board; For Did Not Management Elect Members to Management and Vote Supervisory Board and Their Respective Alternates; Fix Their Remuneration 3 Elect Committee Members and Fix Their For Did Not Management Remuneration Vote 4 Set Aggregate Nominal Amount of Share For Did Not Management Repurchase Reserve for Fiscal Year 2005; Vote Set Guidelines for Share Repurchase Program 5 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- BAJA MINING CORP Ticker: Security ID: 05709R103 Meeting Date: JUN 2, 2005 Meeting Type: Annual Record Date: APR 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect John Greenslade as Director For For Management 1.2 Elect William Murray as Director For For Management 1.3 Elect Robert Mouat as Director For For Management 1.4 Elect Graham Thody as Director For For Management 1.5 Elect C. Thomas Ogryzlo as Director For For Management 1.6 Elect Ross Glanville as Director For For Management 2 Ratify Staley Okada & Partners as For For Management Auditors 3 Authorize Board to Fix Remuneration of For For Management the Auditors 4 Ratify Stock Option Plan and Ratify For Against Management Previously Granted Options 5 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- BANCO BRADESCO S.A. Ticker: Security ID: P1808G109 Meeting Date: MAR 10, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Incorporation of Bradesco Seguros For For Management SA's Minority Shareholders, Converting Bradesco Seguros SA into a Wholly-Owned Subsidiary; Ratify Appraisal Firms; Approve Protocol and Justification Documents and Appraisal Report 1 Approve Incorporation of Bradesco Seguros For Did Not Management SA's Minority Shareholders, Converting Vote Bradesco Seguros SA into a Wholly-Owned Subsidiary; Ratify Appraisal Firms; Approve Protocol and Justification Documents and Appraisal Report 2 Authorize Increase in Capital to BRL 10 For For Management Billion from BRL 7.7 Billion Through Capitalization of Reserves and Amend Art. 6 of the Bylaws Accordingly 2 Authorize Increase in Capital to BRL 10 For Did Not Management Billion from BRL 7.7 Billion Through Vote Capitalization of Reserves and Amend Art. 6 of the Bylaws Accordingly 3 Amend Art. 21 of the Bylaws to Include For For Management Section J Re: Audit Committee 3 Amend Art. 21 of the Bylaws to Include For Did Not Management Section J Re: Audit Committee Vote 4 Nominate Experts for Property Appraisal For For Management in the Event of a Purchase and Sale by the Company and its Affiliated Companies 4 Nominate Experts for Property Appraisal For Did Not Management in the Event of a Purchase and Sale by Vote the Company and its Affiliated Companies -------------------------------------------------------------------------------- BANCO BRADESCO S.A. Ticker: Security ID: P1808G109 Meeting Date: MAR 10, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended Dec. 31, 2004 2 Elect Directors to the Board of Directors For For Management 3 Elect Directors to the Supervisory Board For For Management 4 Approve Remuneration of Directors For For Management 5 Ratify an Increase in Capital, Approved For For Management at the EGM Held on Dec. 9, 2004, by BRL 700 Million Through the Subscription of 17.5 Million Shares, of Which, 8.8 Million are Common Shares and 8.7 Million are Preferred Shares -------------------------------------------------------------------------------- BANCO BRADESCO S.A. Ticker: Security ID: P1808G117 Meeting Date: MAR 10, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Incorporation of Bradesco Seguros For For Management SA's Minority Shareholders, Converting Bradesco Seguros SA into a Wholly-Owned Subsidiary; Ratify Appraisal Firms; Approve Protocol and Justification Documents and Appraisal Report 1 Approve Incorporation of Bradesco Seguros For Did Not Management SA's Minority Shareholders, Converting Vote Bradesco Seguros SA into a Wholly-Owned Subsidiary; Ratify Appraisal Firms; Approve Protocol and Justification Documents and Appraisal Report 2 Authorize Increase in Capital to BRL 10 For For Management Billion from BRL 7.7 Billion Through Capitalization of Reserves and Amend Art. 6 of the Bylaws Accordingly 2 Authorize Increase in Capital to BRL 10 For Did Not Management Billion from BRL 7.7 Billion Through Vote Capitalization of Reserves and Amend Art. 6 of the Bylaws Accordingly 3 Amend Art. 21 of the Bylaws to Include For For Management Section J Re: Audit Committee 3 Amend Art. 21 of the Bylaws to Include For Did Not Management Section J Re: Audit Committee Vote 4 Nominate Experts for Property Appraisal For For Management in the Event of a Purchase and Sale by the Company and its Affiliated Companies 4 Nominate Experts for Property Appraisal For Did Not Management in the Event of a Purchase and Sale by Vote the Company and its Affiliated Companies -------------------------------------------------------------------------------- BANCO ITAU HOLDING FINANCEIRA(FRMLY BANCO ITAU S.A.) Ticker: Security ID: P1391K111 Meeting Date: APR 27, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Consolidated Financial Statements For For Management and Statutory Reports 2 Approve Allocation of Income For For Management 3 Elect Members to the Board of Directors For For Management 4 Elect Supervisory Board Members For For Management 5 Approve Remuneration of Directors For For Management 6 Authorize Increase in Capital to BRL 8.3 For For Management Billion from BRL 8.1 Billion Through Capitalization of Reserves, Without Issuance of Shares 7 Cancel 88,803 Common Shares Held in For For Management Treasury, Without Reduction in the Company's Capital 8 Transform the Current Itau Holdings For For Management Options Committee into a Remuneration Committee 9 Account for the Disclosure Committee and For For Management the Securities Transaction Commmittee in the Bylaws 10 Increase Size of the Executive Officer For For Management Board to 12 Members from 10; Create the Positions of Managing Director and Deputy Managing Director; Modify Directors Responsibilities and; Increase the Term for the Board to Elect the Executive Officer Board 11 Amend Bylaws in Light of the For For Management Modifications in the Previous Items As Well As Register the Financial Institution Providing Services for Registered Shares and Make Available the Auditor's Report to the Private Insurance Superintendency 12 Amend Stock Option Plan Re: For Against Management Transformation of the Itau Holding Options Committee into the Remuneration Committee -------------------------------------------------------------------------------- BANCO LATINOAMERICANO DE EXPORTACIONES Ticker: BLX Security ID: P16994132 Meeting Date: APR 19, 2005 Meeting Type: Annual Record Date: MAR 10, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE BANK S AUDITED FINANCIAL For For Management STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 2 Ratify Auditors For For Management 3.1 Elect Director Mario Covo For For Management -------------------------------------------------------------------------------- BANCO SANTANDER CHILE (FORMERLY BANCO SANTIAGO ) Ticker: Security ID: P1506A107 Meeting Date: APR 19, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and For For Management Dividends of CLP 1.05491871 Per Share 3 Approve External Auditors For For Management 4 Elect Board Members and Alternates For For Management 5 Approve Remuneration of Directors For For Management 6 Approve Directors' Committee (Audit For For Management Committee) Report and Approve its Budget for 2005 7 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 8 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- BRADESPAR SA Ticker: Security ID: P1808W104 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports and Approve Allocation of Income 2 Elect Members to the Board of Directors For For Management 3 Elect Supervisory Board Members For For Management 4 Approve Aggregate Annual Remuneration of For For Management Directors 5 Approve 1:2 Stock Split For For Management 6 Authorize Increase in Capital by BRL For For Management 453,728 Through Capitalization of Reserves Without Issuance of Shares 7 Amend Art. 6 to Reflect Changes in For For Management Capital Following the Previous Proposals -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Supervisory Board Members and For For Management Alternates 4 Approve Aggregate Remuneration of Members For For Management of the Board of Directors and the Executive Officer Board; Approve Individual Remuneration of Supervisory Board Members 5 Amend Art.5 of the Bylaws For Against Management -------------------------------------------------------------------------------- BRASKEM S A (FORMERLY COPENE-PETROQUIMICA DO NORDESTE SA CPN Ticker: PNE Security ID: P18533110 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Capital Budget For For Management 3 Approve Allocation of Income For For Management 4 Elect Supervisory Board For For Management 5 Elect Directors to the Board For For Management 6 Approve Annual Aggregate Remuneration of For For Management Directors 7 Ratify and Approve Appraisal Firm to For For Management Perform Asset Appraisal of Odebrecht Quimica SA 8 Approve Documents Relating to the For For Management Incorporation of Odebrecht Quimica by the Company 9 Approve Incorporation of Odebrecht For For Management Quimica Without Capital Increase 10 Approve 250:1 Reverse Stock Split For For Management 11 Amend Art. 4 to Reflect Changes in For For Management Capital Due to the Reverse Stock Split 12 Approve 1:2 Stock Split of American For For Management Depositary Shares -------------------------------------------------------------------------------- C.A. NACIONAL TELEFONOS DE VENEZUELA (CANTV) Ticker: Security ID: 204421101 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: MAR 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 THE APPROVAL OF THE ANNUAL REPORT AND For For Management FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 2 THE APPROVAL OF THE PAYMENT OF AN For For Management ORDINARY DIVIDEND FOR 2005 OF BS. 505 PER SHARE REPRESENTING US$ 1.64 PER ADS. 3 ELECTION OF: GUSTAVO ROOSEN (PRINCIPAL) For For Management AND VICENTE LLATAS (ALTERNATE) 4 ELECTION OF: DANIEL C. PETRI (PRINCIPAL) For For Management AND MIKE PAWLOWSKI (ALTERNATE) 5 ELECTION OF: JOHN LACK (PRINCIPAL) AND For For Management CHARLES FALLINI (ALTERNATE) 6 ELECTION OF: EDWARD MCQUAID (PRINCIPAL) For For Management AND LUIS ESTEBAN PALACIOS (ALTERNATE) 7 ELECTION OF: RUTH DE KRIVOY (PRINCIPAL) For For Management AND VICTOR VERA (ALTERNATE) 8 ELECTION OF: RICARDO HAUSMANN (PRINCIPAL) For For Management AND GERMAN GARCIA VELUTINI (ALTERNATE) 9 ELECTION OF: LORENZO MENDOZA GIMENEZ For For Management (PRINCIPAL) AND PELAYO DE PEDRO (ALTERNATE) 10 APPROVAL OF ESPINEIRA, SHELDON Y For For Management ASOCIADOS- MEMBER FIRM OF PRICEWATERHOUSECOOPERS, AS EXTERNAL AUDITORS FOR 2005. 11 Elect Supervisory Board (and Alternates) For For Management and Fix Their Remuneration 12 AUTHORIZATION OF ISSUANCE OF BONDS AND For For Management COMMERICAL PAPERS FOR 2005. -------------------------------------------------------------------------------- CEMEX S.A. Ticker: Security ID: 151290889 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: MAR 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 PRESENTATION, DISCUSSION AND, IF For For Management APPLICABLE, APPROVAL OF THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004, AS REQUIRED BY THE MEXICAN CORPORATION LAW AND THE SECURITIES MARKET LAW, AFTER PRESENTATION OF THE REPORTS. 2 PROPOSAL FOR THE ALLOCATION OF PROFITS For For Management AND THE MAXIMUM AMOUNT OF FUNDS TO BE USED FOR THE PURCHASE OF COMPANY SHARES. 3 PROPOSAL TO INCREASE THE CAPITAL STOCK OF For For Management THE COMPANY IN ITS VARIABLE PORTION THROUGH CAPITALIZATION CHARGED AGAINST RETAINED EARNINGS, SUBMITTED FOR CONSIDERATION OF THE SHAREHOLDERS AT THE MEETING. 4 APPOINTMENT OF DIRECTORS AND STATUTORY For For Management AUDITORS, ACCORDING TO THE PROPOSAL OF SHAREHOLDERS SUBMITTED FOR CONSIDERATION. 5 COMPENSATION OF DIRECTORS AND STATUTORY For For Management AUDITORS, ACCORDING TO THE PROPOSAL OF SHAREHOLDERS SUBMITTED FOR CONSIDERATION. 6 APPOINTMENT OF DELEGATES TO FORMALIZE THE For For Management RESOLUTIONS ADOPTED AT THE MEETING. 7 PROPOSAL TO SPLIT EACH OF THE COMPANY S For For Management SERIES A AND SERIES B SHARES CURRENTLY OUTSTANDING INTO TWO NEW SHARES OF THE SAME SERIES AND TYPE OF CAPITAL, FIXED OR VARIABLE, AND TO AMEND ARTICLE 6 OF THE COMPANY S BY-LAWS OR ESTATUTOS SOCIALES. 8 APPOINTMENT OF DELEGATES TO FORMALIZE THE For For Management RESOLUTIONS ADOPTED AT THE MEETING. -------------------------------------------------------------------------------- CIA CERVECERIA UNIDAS Ticker: CU Security ID: P24905104 Meeting Date: APR 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Chairman's Report For For Management 2 Accept Directors' Committee Report For For Management 3 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 4 Approve Allocation of Income and For For Management Dividends 5 Approve Remuneration of Directors for For For Management 2005 6 Approve Remuneration and Budget of For For Management Directors' Committee 7 Approve Auditors for 2005 For For Management 8 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 9 Present Report Re: Processing, Printing, For For Management and Mailing Information Required by Chilean Law 10 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- COMPANHIA DE CONCESSOES RODOVIARIAS Ticker: Security ID: P1413U105 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports 2 Approve 2005 Capital Budget For For Management 3 Approve Allocation of Income For For Management 4 Fix Number of Open Board Seats for Coming For For Management Year 5 Elect Board of Directors and Nominate the For For Management Chairman and Vice- Chairman 6 Approve Remuneration of Directors For For Management 7 Elect Supervisory Board For For Management -------------------------------------------------------------------------------- COMPANHIA DE CONCESSOES RODOVIARIAS Ticker: Security ID: P1413U105 Meeting Date: NOV 25, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect One Board Member and an Alternate For Did Not Management Member in Light of the Resignation of a Vote Director and an Alternate Member -------------------------------------------------------------------------------- COMPANHIA DE CONCESSOES RODOVIARIAS Ticker: Security ID: P1413U105 Meeting Date: SEP 14, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Change Location of Company's For Did Not Management Headquarters; Amend Article 2 Accordingly Vote -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA DE TUBARAO Ticker: Security ID: P8738N104 Meeting Date: APR 14, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Board of Directors For For Management 4 Approve Aggregate Remuneration of For For Management Directors 5 Elect Supervisory Board For For Management -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: SID Security ID: P8661X103 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Ratify Interim Dividends For For Management 3 Approve Allocation of Income For For Management 4 Elect Board of Directors For For Management 5 Approve Aggregate Annual Remuneration of For For Management Directors -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: SID Security ID: P8661X103 Meeting Date: JUN 23, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws to Create an Audit Committee For Against Management -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: 204412100 Meeting Date: APR 27, 2005 Meeting Type: Annual Record Date: MAR 29, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPRECIATION OF THE MANAGEMENT S REPORT For For Management AND ANALYSIS, DISCUSSION AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. 2 PROPOSAL FOR THE DESTINATION OF THE For For Management PROFITS OF THE SAID FISCAL YEAR AND APPROVAL OF THE INVESTMENT BUDGET OF THE COMPANY. 3 ELECTION OF THE MEMBERS OF THE BOARD OF For For Management DIRECTORS. 4 ELECTION OF THE MEMBERS OF THE FISCAL For For Management COUNCIL. 5 ESTABLISHMENT OF THE REMUNERATION OF THE For For Management SENIOR MANAGEMENT AND FISCAL COUNCIL MEMBERS. 6 PROPOSAL FOR THE INCREASE OF CAPITAL, VIA For For Management CAPITALIZATION OF RESERVES, WITHOUT ISSUE OF SHARES, AND WITH THE CONSEQUENT ALTERATION OF THE MAIN SECTION OF ARTICLE 5 OF THE COMPANY BYLAWS. 7 NEW VERSION OF CVRD S DIVIDEND POLICY. For For Management -------------------------------------------------------------------------------- COMPANIA DE MINAS BUENAVENTURA S.A. Ticker: BVN Security ID: 204448104 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANNUAL REPORT, BALANCE For For Management SHEET, PROFIT AND LOSS STATEMENT AND OTHER FINANCIAL STATEMENTS OF THE YEAR ENDED DECEMBER 31, 2004. 2 DELEGATION TO THE AUDIT COMMITTEE OF THE For For Management DESIGNATION OF THE EXTERNAL AUDITORS FOR THE YEAR 2005. 3 DISTRIBUTION OF DIVIDENDS. For For Management 4 AMENDMENT TO THE ARTICLE 33 OF THE For For Management COMPANY S BY-LAWS IN ORDER TO HOLD VIRTUAL MEETINGS. 5 ELECTION OF THE BOARD OF DIRECTORS FOR For For Management THE PERIOD 2005-2007. -------------------------------------------------------------------------------- COMPANIA DE TELECOMUNICACIONES DE CHILE S.A (TELEFONICA) Ticker: CTC Security ID: 204449300 Meeting Date: APR 14, 2005 Meeting Type: Annual Record Date: MAR 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANNUAL REPORT, BALANCE For For Management SHEET, INCOME STATEMENT AND REPORTS OF ACCOUNT INSPECTORS AND INDEPENDENT AUDITORS 2 APPROVAL OF DISTRIBUTION OF NET INCOME For For Management FOR FISCAL YEAR ENDED DECEMBER 31, 2004 AND THE PAYMENT OF A FINAL DIVIDEND. 3 APPROVAL OF THE DISTRIBUTION OF RETAINED For For Management EARNINGS AS OF DECEMBER 31, 2004, THROUGH AN EXTRAORDINARY DIVIDEND 4 Ratify Auditors For For Management 5 APPROVAL TO APPOINT THE DOMESTIC CREDIT For For Management RATING AGENCIES AND TO DETERMINE THEIR COMPENSATION 6 APPROVAL OF THE COMPENSATION FOR THE For For Management DIRECTORS COMMITTEE MEMBERS AND OF THE DIRECTORS COMMITTEE BUDGET 7 APPROVAL OF THE INVESTMENT AND FINANCING For For Management STRATEGY PROPOSED BY MANAGEMENT (ACCORDING TO DECREE LAW 3,500) 8 APPROVAL OF A SANTIAGO NEWSPAPER IN WHICH For For Management TO PUBLISH THE NOTICES FOR FUTURE SHAREHOLDERS MEETINGS AND DIVIDEND PAYMENTS 9 PROVIDE INFORMATION ON ALL ISSUES For For Management RELATING TO THE MANAGEMENT AND ADMINISTRATION OF THE BUSINESS -------------------------------------------------------------------------------- COMPANIA DE TELECOMUNICACIONES DE CHILE S.A (TELEFONICA) Ticker: CTC Security ID: P3058U127 Meeting Date: APR 14, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and Payment For For Management of Final Dividend 3 Approve Extraordinary Dividend Payment For For Management Charged to Retained Account 4 Elect Two Supervisory Board Members and For For Management Alternates 5 Approve Auditors for 2005 and Fix Their For For Management Remuneration 6 Appoint Fitch Chile and Humphrey's Ltda. For For Management as Credit Rating Agencies to Rate the Company's Publicly Offered Securities; Fix Their Remuneration 7 Elect Directors and Alternates For For Management 8 Approve Remuneration of Directors and For For Management Alternates 9 Report Re: Directors' and Audit For For Management Committee's Expense Account 10 Approve Budget and Remuneration of For For Management Directors' Committee (Audit Committee) 11 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 12 Approve Investment and Financing Policy For For Management 13 Present Report Re: Dividend Policy for For For Management 2005 14 Present Report Re: Processing, Printing, For For Management and Mailing Information Required by Chilean Law 15 Designate Newspaper to Publish Meeting For For Management Announcements 16 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- CONSORCIO ARA SA Ticker: CNRFY Security ID: P3084R106 Meeting Date: APR 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements, Statutory Reports, and Supervisory's Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income For For Management 3 Approve Audit Committee's Report For For Management 4 Elect Directors Including Independent For For Management Members, Board Secretary and Alternate, and Supervisory Board; Elect Their Respective Alternates 5 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- CORPORACION GEO S A DE CV Ticker: Security ID: P3142C117 Meeting Date: APR 22, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Present Financial Statements and For For Management Statutory Reports Including Audit Committee's Report for Fiscal Year Ended 12-31-04 2 Approve Financial Statements and For For Management Statutory Reports 3 Approve Discharge of Management For For Management 4 Approve Allocation of Income For For Management 5 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 6 Elect Directors, Supervisory Board, and For For Management Board Secretary 7 Approve Remuneration of Directors, For For Management Supervisory Board, and Board Secretary 8 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 9 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- CORPORACION GEO S A DE CV Ticker: Security ID: P3142C117 Meeting Date: APR 22, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: Compliance with For Against Management Corporate Governance Guidelines 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 3 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- CORPORACION INTERAMERICANA DE ENTRETENIMIENTO, S.A. Ticker: Security ID: P3142L109 Meeting Date: APR 14, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board of Directors' Report For For Management 2 Accept Supervisory Board's Report For For Management 3 Accept Financial Statements and Statutory For For Management Reports 4 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 5 Elect Directors and Approve Their For For Management Remuneration 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: 126153105 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: APR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 PRESENTATION OF THE MANAGEMENT REPORT, For For Management EXAMINE, DISCUSS AND VOTE ON THE COMPANY S FINANCIAL STATEMENTS, THE REPORT OF THE INDEPENDENT AUDITORS AND THE REPORT OF THE FISCAL COUNCIL FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. 2 APPROVE THE PROPOSAL FOR THE For For Management APPROPRIATION OF THE NET INCOME FOR THE FISCAL YEAR 2004 AND THE DIVIDEND DISTRIBUTION. 3 ELECT THE STATUTORY MEMBERS AND For For Management ALTERNATES TO THE BOARD OF DIRECTORS. 4 ESTABLISH MANAGEMENT S GLOBAL For For Management COMPENSATION. 5 ELECT EFFECTIVE MEMBERS AND ALTERNATES TO For For Management THE FISCAL COUNCIL AND ESTABLISH THEIR FEES. 6 ARTICLE 5: TO RESTATE THE CURRENT For Against Management MONETARY VALUE AND QUANTITY OF SHARES REPRESENTING THE COMPANY S CAPITAL STOCK. 7 ARTICLE 20: TO REDUCE THE TERM OF OFFICE For Against Management OF THE BOARD OF EXECUTIVE OFFICERS FROM 3 TO 2 YEARS. -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: 126153105 Meeting Date: JUN 20, 2005 Meeting Type: Special Record Date: MAY 25, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 EXAMINE, DISCUSS AND APPROVE THE PRIVATE For For Management PROTOCOL AND JUSTIFICATION INSTRUMENT FOR THE INCORPORATION OF SHARES OF CPFL GERACAO DE ENERGIA S.A. ( CPFL GERACAO ) BY THE COMPANY. 2 RATIFY THE DECISION OF HIRING BANCO For For Management PACTUAL IN ORDER TO PREPARE THE VALUATION REPORTS OF THE NET EQUITY OF THE COMPANY AND CPFL GERACAO 3 RATIFY THE DECISION OF HIRING BANCO For For Management PACTUAL IN ORDER TO PREPARE THE VALUATION REPORTS OF THE NET EQUITY OF THE COMPANY AND CPFL GERACAO 4 APPROVE THE VALUATION REPORTS REFERRED IN For For Management ITEMS (2) AND (3) ABOVE 5 APPROVE THE INCORPORATION OF SHARES OF For For Management CPFL GERACAO DE ENERGIA S.A. ( CPFL GERACAO ) BY THE COMPANY 6 AUTHORIZE THE ACCOMPLISHMENT OF THE For For Management INCREASE OF CPFL ENERGIA S CAPITAL STOCK 7 AUTHORIZE COMPANY S BOARD OF DIRECTORS TO For For Management PREPARE SPECIAL BALANCE SHEETS WITH A BASE DATE OF APRIL 30, 2005. 8 AUTHORIZE COMPANY S MANAGEMENT TO MAKE For For Management ARRANGEMENTS AND TO TAKE ANY NECESSARY MEASURE TO THE IMPLEMENTATION OF THE INCORPORATION OF SHARES SUBJECT OF THIS CURRENT CONVENING NOTICE. -------------------------------------------------------------------------------- CREDICORP LTD. Ticker: Security ID: G2519Y108 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: FEB 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 CONSIDERATION AND APPROVAL OF THE ANNUAL For For Management REPORT OF THE COMPANY FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2004. 2 CONSIDERATION AND APPROVAL OF THE AUDITED For For Management CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AND ITS SUBSIDIARIES FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2004, INCLUDING THE REPORT OF THE INDEPENDENT AUDITORS OF THE COMPANY THEREON. 3 CONSIDERATION AND APPROVAL OF THE For For Management AMENDMENT OF THE COMPANY S BYE-LAWS, WHICH INCLUDE THE REPLACEMENT OF BYE-LAW 4.11, AND DELETION OF BYE-LAW 4.23. (SEE PROPOSED AMENDMENTS ATTACHED) 4 ELECTION OF THE BOARD OF DIRECTORS AND For For Management DETERMINATION OF THEIR REMUNERATION, IF ANY. 5 DESIGNATION OF INDEPENDENT AUDITORS OF For For Management THE COMPANY FOR THE 2005 CALENDAR YEAR AS PROPOSED BY THE AUDIT COMMITTEE AND AUTHORIZATION FOR THE BOARD OF DIRECTORS TO APPROVE THEIR FEES. -------------------------------------------------------------------------------- DESC, S.A. DE C.V. Ticker: DES Security ID: P3506C117 Meeting Date: APR 20, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Report from Audit Committee and For For Management Board of Directors in Regards to Fiscal Year Ended 12-31-04 2 Approve Discharge of Board of Directors For For Management for Fiscal Year 2004 3 Accept Financial Statements, Statutory For For Management Reports and Supervisory Board's Report for Fiscal Year Ended 12-31-04 4 Approve Allocation of Income For For Management 5 Elect Directors, Supervisory Board For For Management Members, and Committee Members 6 Approve Remuneration of Directors and For For Management Supervisory Board Members 7 Accept Directors' Report in Compliance For For Management with Securities Commission Regulations 8 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 9 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: Security ID: P3589C109 Meeting Date: APR 28, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income For For Management 3 Elect Members to the Board of Directors For For Management 4 Approve Aggregate Annual Remuneration of For For Management Directors -------------------------------------------------------------------------------- ELETROBRAS, CENTRAIS ELETRICAS BRASILEIRAS S.A. Ticker: Security ID: P22854106 Meeting Date: APR 28, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Supervisory Board For For Management 4 Approve Remuneration of Directors For For Management 5 Approve Conversion of Credits of For For Management Compulsory Loans for an Amount Equal to BRL 3.54 Billion into Preference Class B Shares; Amend Art. 6 6 Authorize Increase in Capital Through For For Management Capitalization of Reserves; Amend Art. 6 7 Amend Art. 17 of the Bylaws Re: For For Management Decreasing the Terms of Members of the Board to One Year from Three Years -------------------------------------------------------------------------------- EMBOTELLADORA ANDINA S.A. Ticker: AKO. Security ID: P3697S103 Meeting Date: APR 19, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Approve Dividend Policy For For Management 4 Elect Directors For For Management 5 Approve Remuneration of Directors and For For Management Board Committee Members 6 Approve External Auditors for Fiscal Year For For Management 2005 7 Designate Risk Assessment Companies For For Management 8 Special Auditors' Report Regarding None None Management Related-Party Transactions 9 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- EMBOTELLADORAS ARCA Ticker: Security ID: P3699M104 Meeting Date: APR 26, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements, Statutory For For Management Reports, and Supervisory Board's Report for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and For For Management Dividends of MXN 0.80 Per Share 3 Authorize Repurchase of Shares and Set For For Management Maximum Amount 4 Elect Directors and Supervisory Board For For Management Members; Approve Their Remuneration 5 Approve Audit Committee, Evaluation and For For Management Compensation Committee, and Planning and Finance Committee 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 7 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- EMPRESA NACIONAL DE ELECTRICIDAD S.A. ENDESA Ticker: EOC Security ID: P3710M109 Meeting Date: APR 8, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Annual Report, Financial For For Management Statements and Report of Independent Accountants and Inspectors of Accounts for Year Ended 12-31-04 2 Approve Allocation of Income and For For Management Dividends 3 Approve Dividend Policy For For Management 4 Approve Investment and Financing Policy For For Management Proposed by Board of Directors 5 Approve Remuneration of Board of For For Management Directors 6 Approve Remuneration and Budget of For For Management Committee of Directors 7 Present Report from the Committee of For For Management Directors 8 Approve External Auditors For For Management 9 Elect Two Supervisory Board Members and For For Management Their Alternates; Approve Remuneration 10 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions Pursuant to Article 44 Law 18 11 Amend Article 1 of the Company's Bylaws For For Management to Reflect the Acceptance of ENDESA or ENDESA Chile as the Company's Short Name 12 Authorize Board to Ratify and Execute For For Management Approved Resolutions With Respect to Item 11 -------------------------------------------------------------------------------- EMPRESA NACIONAL DE ELECTRICIDAD S.A. ENDESA Ticker: EOC Security ID: P3710M109 Meeting Date: APR 8, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Article 1 Regarding the Change in For For Management Company's Name to Endesa Chile from Endesa 2 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- EMPRESAS CMPC SA(FORMELY COMPANIA MFR. DE PAPELES Y CARTONES Ticker: Security ID: P3712V107 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and For For Management Dividends of CLP 127 Per Share 3 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 4 Approve Auditors and Risk Assessment For For Management Companies 5 Approve Remuneration of Directors; For For Management Approve Remuneration and Budget of Director's Committee (Audit Committe) 6 Approve Dividend Policy For For Management 7 Elect Directors For For Management 8 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- EMPRESAS COPEC (FRMELY COMPANIA DE PETROLEOS DE CHILE S. A.) Ticker: Security ID: P7847L108 Meeting Date: APR 27, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year 2004 2 Approve Allocation of Income and For For Management Dividends of CLP 78 per share 3 Elect Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Approve Remuneration and Budget of Audit For For Management Committee for 2005 and Expense Report for 2004 6 Approve External Auditors for 2005 For For Management 7 Designate Risk Assessment Companies For For Management 8 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 9 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: P37149104 Meeting Date: APR 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Present Report on Financial Statements For For Management and Statutory Reports for Fiscal Year Ended 12-31-04 2 Accept Supervisory Board's Report For For Management 3 Accept Audit Committee's Report For For Management 4 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 5 Approve Allocation of Income and For For Management Dividends 6 Elect Members to the Board of Directos, For For Management Supervisory Board, Board Secretary and Their Respective Alternates 7 Approve Remuneration for Directors and For For Management Supervisory Board Members 8 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: P37149104 Meeting Date: APR 21, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: (1)Prevention of For Against Management Acquisition of Shares that Would Lead to Control of Company without Board Approval and (2) Necessary Actions to Provide Opinions of Audit Committee and Approval of Board Regarding Actions by Subsidiaries 2 Cancel Shares in Circulation, Issue and For Against Management Exchange New Titles of Shares Representing Capital 3 Approve Revised Bylaws to Incorporate New For Against Management Changes 4 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: P37149104 Meeting Date: NOV 19, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles For Did Not Management Vote 2 Consolidate Amendments to Articles For Did Not Management Vote 3 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- ENERSIS S.A. Ticker: ENI Security ID: 29274F104 Meeting Date: APR 8, 2005 Meeting Type: Annual Record Date: MAR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANUAL REPORT, BALANCE For For Management SHEET, FINANCIAL STATEMENTS AND REPORT OF THE EXTERNAL AUDITORS AND INSPECTORS OF THE ACCOUNTS CORRESPONDING TO THE YEAR ENDED DECEMBER 31, 2004. 2 APPROVAL OF THE DISTRIBUTION OF PROFITS For For Management AND DIVIDENDS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 3 Ratify Auditors For For Management 4 APPROVAL OF THE INVESTMENT AND FINANCING For For Management POLICY. -------------------------------------------------------------------------------- ENERSIS S.A. Ticker: ENI Security ID: P37186106 Meeting Date: APR 8, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Annual Report, Balance Sheet, For For Management Financial Statements and Report from External Auditors 2 Approve Allocation of Income and For For Management Dividends 3 Approve Remuneration of Directors For For Management 4 Accept Report Re: Board of Directors' For For Management Expenses 5 Approve Directors Committee Remuneration For For Management and Set Budget for 2005 6 Approve Report from Directors Committee For For Management 7 Approve External Auditors For For Management 8 Elect Two Supervisory Board Members and For For Management Two Alternates; Approve Their Remuneration 9 Approve Investment and Financing Policy For For Management 10 Approve Dividend Policy For For Management 11 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions Pursuant to Article 44 and 93 of Law 18 12 Present Report Re: Risk Assessment For For Management Companies 13 Present Report Re: Processing, Printing, For For Management and Mailing Information Required by Chilean Law 14 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- FOMENTO ECONOMICO MEXICANO S.A. (FEMSA) Ticker: Security ID: 344419106 Meeting Date: MAR 10, 2005 Meeting Type: Annual Record Date: FEB 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 REPORT OF THE BOARD OF DIRECTORS; For For Management PRESENTATION OF THE FINANCIAL STATEMENTS OF FOMENTO ECONOMICO MEXICANO, S.A. DE C.V., FOR THE 2004 FISCAL YEAR, AND THE REPORT OF THE EXAMINER PURSUANT TO ARTICLE 172 OF THE GENERAL LAW OF COMMERCIAL COMPANIES AND THE AP 2 APPLICATION OF THE RESULTS FOR THE 2004 For Against Management FISCAL YEAR, INCLUDING THE PAYMENT OF A CASH DIVIDEND, IN MEXICAN PESOS. 3 PROPOSAL TO DETERMINE THE MAXIMUM AMOUNT For For Management TO BE USED IN THE SHARE REPURCHASE PROGRAM. 4 ELECTION OF MEMBERS OF THE BOARD OF For For Management DIRECTORS AND EXAMINERS, AND RESOLUTION WITH RESPECT TO THEIR REMUNERATION. 5 APPOINTMENT OF COMMITTEES. For For Management 6 APPOINTMENT OF DELEGATES FOR THE For For Management SHAREHOLDERS MEETING. 7 MINUTES OF THE SHAREHOLDERS MEETING. For For Management -------------------------------------------------------------------------------- GERDAU S.A. Ticker: Security ID: P2867P113 Meeting Date: APR 28, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Modification in the Limit of New For For Management Shares to 400 Million Common Shares and 800 Million Preferred Shares 2 Amend Art. 4 to Reflect Changes in For For Management Capital Approved at the Board Meeting Held on March 31, 2005 3 Amend Art. 13 Re: Competencies and For For Management Responsibility of the Supervisory Board 4 Consolidate Bylaws in Light of the For For Management Previous Proposals 5 Amend Stock Option Plan For Against Management 6 Re-Ratify the Relation of Fixed Assets For For Management Referred to in Anex 2 of the EGM Held on Nov. 28, 2003 7 Accept Financial Statements and Statutory For For Management Reports 8 Approve Allocation of Income and For For Management Dividends 9 Elect Directors to the Board and Fix For For Management their Remuneration 10 Elect Supervisory Board Members, Their For For Management Alternates and Fix Their Remuneration -------------------------------------------------------------------------------- GRENDENE SA Ticker: Security ID: P49516100 Meeting Date: JUN 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Art. 23 Re: Executive Officer Board For For Management -------------------------------------------------------------------------------- GRUMA S.A. (GRUPO MASECA) Ticker: Security ID: P4948K121 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 2 Accept Audit Committee Report For For Management 3 Approve Allocation of Income and For For Management Dividends 4 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 5 Elect Management Board and Supervisory For For Management Board and Their Alternates; Fix Their Remuneration 6 Elect Members to Audit Committee; Fix For For Management Their Remuneration 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 8 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL SURESTE, S.A. DE C.V. Ticker: Security ID: 40051E202 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: APR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE REPORT OF THE BOARD OF For Did Not Management DIRECTORS IN TERMS OF ARTICLE 172 OF THE Vote GENERAL CORPORATIONS LAW. 2 APPROVAL OF THE ANNUAL REPORT OF THE For Did Not Management AUDIT COMMITTEE REGARDING ITS ACTIVITIES Vote AS PROVIDED BY ARTICLE 14 BIS 3 OF THE SECURITIES MARKET LAW ( LEY DEL MERCADO DE VALORES ). 3 PRESENTATION AND APPROVAL OF THE REPORT For Did Not Management OF THE STATUTORY AUDITOR. Vote 4 PRESENTATION AND APPROVAL OF THE For Did Not Management INDIVIDUAL AND CONSOLIDATED FINANCIAL Vote STATEMENTS OF THE COMPANY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 5 PRESENTATION OF THE REPORT OF THE For Did Not Management NOMINATIONS AND COMPENSATION COMMITTEE. Vote 6 PROPOSAL REGARDING THE APPLICATION OF THE For Did Not Management COMPANY S RESULTS FOR THE YEAR ENDED Vote DECEMBER 31, 2004. 7 PROPOSAL OF THE BOARD OF DIRECTORS TO PAY For Did Not Management A NET ORDINARY CASH DIVIDEND. Vote 8 Elect Members to the Board of Directors, For Did Not Management Supervisory Board, and Their Respective Vote Alternates 9 APPOINTMENT OF AN AUDIT COMMITTEE For Did Not Management FINANCIAL EXPERT. Vote 10 RESOLUTIONS REGARDING THE REMUNERATION TO For Did Not Management BE PAID TO THE PLENARY AND ALTERNATE Vote MEMBERS OF THE BOARD. 11 APPOINTMENT OF DELEGATES IN ORDER TO For Did Not Management FORMALIZE THE RESOLUTIONS ADOPTED IN THIS Vote GENERAL ANNUAL ORDINARY SHAREHOLDERS MEETING. -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL SURESTE, S.A. DE C.V. Ticker: Security ID: 40051E202 Meeting Date: FEB 7, 2005 Meeting Type: Special Record Date: JAN 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF FERNANDO CHICO PARDO S For Against Management REQUEST TO ACQUIRE 25.5% OF THE EQUITY OF INVERSIONES Y TECNICAS AEROPORTUARIAS, S.A. DE C.V. (ITA), ASUR S STRATEGIC PARTNER, CURRENTLY OWNED BY NACIONAL FINANCIERA (NAFIN), THEREBY SUBSTITUTING NAFIN AS THE MEXICAN PA 2 APPOINTMENT OF DELEGATES IN ORDER TO For For Management FORMALIZE THE RESOLUTIONS ADOPTED IN THIS GENERAL SHAREHOLDERS MEETING. -------------------------------------------------------------------------------- GRUPO BIMBO Ticker: Security ID: P49521126 Meeting Date: APR 8, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income For For Management 3 Approve Dividend of MXN 0.28 Per Share For For Management 4 Elect Management and Supervisory Board; For For Management Fix Their Respective Remuneration 5 Elect Members to the Audit Committee, For For Management Evaluation and Compensation Committee, and Finance and Planning Committee; Fix Their Remuneration 6 Present Report Re: Shares Repurchase For For Management Program; Set Maximum Amount for Share Repurchase 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO BIMBO Ticker: Security ID: P49521126 Meeting Date: NOV 8, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Dividend of MXN 0.60 Per Share For For Management 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A. Ticker: Security ID: P49501201 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04; Accept Report from Supervisory Board and Audit Committee 2 Approve Allocation of Income For For Management 3 Elect Members to the Board of Directors For For Management and Supervisory Board 4 Approve Remuneration of Directors and For For Management Supervisory Board Members 5 Accept Director's Report on Share For For Management Repurchase Plan from 2004; Set Limit for Share Repurchase Reserve for 2005 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 7 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A. Ticker: Security ID: P49501201 Meeting Date: OCT 4, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cash Dividend Distribution For Against Management 2 Designate Shareholder Representatives of For For Management Minutes of Meeting 3 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- GRUPO FINANCIERO INBURSA S.A. DE C.V. Ticker: Security ID: P4950U165 Meeting Date: APR 13, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles of the Bylaws For Against Management 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO FINANCIERO INBURSA S.A. DE C.V. Ticker: Security ID: P4950U165 Meeting Date: APR 13, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements, Statutory For For Management Reports, Reports from the Board, Supervisory Board and Audit Committee for Fiscal Year Ended 12-31-2004 2 Approve Allocation of Income For For Management 3 Approve Distribution of Dividends For For Management 4 Elect Directors, Supervisory Board For For Management Members, Board Secretary and His/Her Respective Alternate 5 Approve Remuneration of Directors, For For Management Supervisory Board Members, Board Secretary and His/Her Alternate 6 Approve Corporate Practices Committee and For For Management Audit Committee Members 7 Approve Remuneration of Corporate For For Management Practices and Audit Committee 8 Approve Report Re: Share Repurchase For For Management Policy and Set Aggregate Nominal Amount of Share Repurchase Reserve 9 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO FINANCIERO INBURSA S.A. DE C.V. Ticker: Security ID: P4950U165 Meeting Date: MAY 25, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Proposal to Temporarily Convert For For Management Company Shares Into Shares Without Nominal Value Expression 2 Approve Spin-Off Agreement For For Management 3 Approve Listing of Shares of Spun Off For For Management Company on the Mexican Stock Exchange 4 Amend Articles Accordingly For Against Management 5 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV) Ticker: Security ID: P49538112 Meeting Date: APR 29, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve 1:3 Stock Split of Series B For For Management Shares 2 Amend Article6 of the Bylaws to Reflect For For Management the Split 3 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV) Ticker: Security ID: P49538112 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Grupo Mexico and its Subsidiaries for Fiscal Year Ended 12-31-04; Accept Report From Supervisory Board 2 Accept Audit Committee Report For For Management 3 Approve Allocation of Income For For Management 4 Approve Share Repurchase Plan and Set For For Management Aggregate Nominal Amount of Share Repurchase Reserve 5 Elect Members to the Board, Supervisory For For Management Board, Executive Committee, and Remuneration Committee 6 Approve Remuneration of Directors, Board For For Management Committees and Supervisory Board 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO MODELO SA DE CV Ticker: Security ID: P4833F104 Meeting Date: APR 18, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements, Statutory For Did Not Management Reports, Report from the Supervisory Vote Board and the Audit Committee for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and For Did Not Management Dividends of MXN 1.05 Per Share Vote 3 Approve Remuneration of Directors, For Did Not Management Supervisory Board, and Their Respective Vote Alternates; Approve Remuneration of Secretary of the Board and Respective Alternate 4 Elect Directors, Supervisory Board For Did Not Management Members, Board Secretary, and Their Vote Respective Alternates 5 Elect Members to Executive Officer For Did Not Management Committee Vote 6 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- ITAUSA, INVESTIMENTOS ITAU S.A. Ticker: Security ID: P58711105 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Members to the Board of Directors For For Management 4 Elect Supervisory Board Members For For Management 5 Approve Remuneration of Directors For For Management 6 Cancel Company Treasury Shares, Without For For Management Reduction in Capital 7 Authorize Increase in Capital to BRL 4.9 For For Management Billion from BRL 3.8 Billion Through Capitalization of Reserves, Without New Issuance 8 Account for the Disclosure Committee and For For Management the Securities Transaction Commmittee in the Bylaws 9 Amend Bylaws Re: Proposals in Previous For For Management Items 10 Authorize Increase in Capital to BRL 5 For For Management Billion from BRL 4.9 Billion Through Issuance of 9.35 Million Common Shares and 15.6 Million Preferred Shares by Private Placement, at BRL 4.00 per Share -------------------------------------------------------------------------------- NATURA COSMETICOS SA, SAO PAULO Ticker: Security ID: P7088C106 Meeting Date: MAR 29, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends 3 Elect Board of Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Approve Increase in the Number of For Against Management Co-Chairmans of the Board to Three from Two Without Modification in the Number of Directors and Amend Art. 18 6 Amend Stock Option Plan For For Management -------------------------------------------------------------------------------- PERDIGAO S.A. Ticker: Security ID: P7704H117 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports and Approve Allocation of Income and Dividends 2 Amend Arts. 3, 4, 7, 8, 10, 11, 12, 14, For For Management 20, 21, 22, and 23 3 Elect Members to the Board of Directors For For Management 4 Elect Supervisory Board Members For For Management 5 Approve Remuneration of Directors and For For Management Supervisory Board Members 6 Authorize Increase in Capital to BRL 800 For For Management Million from BRL 490 Million Through Capitalization of Reserves 7 Designate Newspaper to Publish Meeting For For Management Announcements -------------------------------------------------------------------------------- PORTO SEGURO SA Ticker: Security ID: P7905C107 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income For For Management 3 Ratify Interest Over Capital For For Management 4 Elect Board of Directors; Nominate For For Management Chairman and Co-Chairman 5 Approve Aggregate Annual Remuneration of For For Management Directors -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: Security ID: P8228H104 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income For For Management 3 Elect Board of Directors, the Supervisory For For Management Board and their Respective Alternates 4 Ratify the New Criteria for the For Against Management Remuneration of the Board of Directors 5 Amend Art. 15 of Bylaws in Light of Item For Against Management 4 -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: Security ID: P8228H104 Meeting Date: MAR 21, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director to the Board of Directors For For Management 2 Transact Other Business (Voting) For Against Management -------------------------------------------------------------------------------- SAO PAULO ALPARGATAS S.A. Ticker: Security ID: P8511H118 Meeting Date: APR 1, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income; Approve For For Management 2005 Capital Budget; Approve Ratification of Interest Over Capital Distributions 3 Elect Directors For For Management 4 Elect Supervisory Board For For Management 5 Approve Remuneration of Directors For For Management 6 Approve Increase in Capital Through For For Management Capitalization of 1999 Investment Reserve for a Value of BRL49.982 Million 7 Amend Art. 22 of the Bylaws Re: Making For For Management Permanent the Operations of the Supervisory Board -------------------------------------------------------------------------------- SOCIEDAD QUIMICA Y MINERA DE CHILE SA (SQM) Ticker: SQM Security ID: P8716X108 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year 12-31-04 2 Approve Auditors and Accounting For For Management Inspectors for Fiscal Year 2005 3 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 4 Approve Investment and Financing Policy For For Management 5 Approve Allocation of Income and For For Management Dividends; Approve Dividend Policy 6 Approve Board Expenses for Fiscal Year For For Management 2004 7 Elect Directors and Fix Their For For Management Remuneration 8 Approve Issues Related to Director's For Against Management Committee 9 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- SOCIEDAD QUIMICA Y MINERA DE CHILE SA (SQM) Ticker: SQM Security ID: P8716X108 Meeting Date: MAY 25, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1 Approve Elimination of Preference Against For Shareholder Conditions of Class A and B Shares 1.2 Approve Amendement of Article 31 of the Against For Shareholder Bylaws to Introduce the Concept of Related Parties 2 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 12, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income and For For Management Dividends and Approve the Capital Budget 3 Elect Supervisory Board Members and their For For Management Alternates 4 Approve Remuneration of Directors For For Management -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 19, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Allocation of Interest Over For For Management Capital Up to the Limit of BRL 400 Million for Fiscal Year 2005 -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: DEC 17, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Evaluate Contract Agreements to Provide For For Management (a) Call Center Services by TNL Contax SA to Telemar and Tele Norete Leste Participacoes SA, and (b) Telecommunications Services by Telemar to Contax 2 Approve Reduction in Capital For For Management Corresponding to the Investment Held by Tele Norte Leste in Contax Participacoes SA With Subsequent Distribution of Contax's Shares in Proportion to Shareholder's Participation in Tele Norte 3 Amend Articles 5 and 6 of the Bylaws to For For Management Reflect Reduction in Capital Proposed in Item 2 and Grouping of Shares Approved at the EGM Held on 05-24-04 4 Elect One Member to Fill Vacancy on the For For Management Board -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: DEC 29, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Evaluate Contract Agreements to Provide For For Management (a) Call Center Services by TNL Contax SA to Telemar and Tele Norete Leste Participacoes SA, and (b) Telecommunications Services by Telemar to Contax 2 Approve Reduction in Capital For For Management Corresponding to the Investment Held by Tele Norte Leste in Contax Participacoes SA With Subsequent Distribution of Contax's Shares in Proportion to Shareholder's Participation in Tele Norte 3 Amend Articles 5 and 6 of the Bylaws to For For Management Reflect Reduction in Capital Proposed in Item 2 and Grouping of Shares Approved at the EGM Held on 05-24-04 4 Elect One Member to Fill Vacancy on the For For Management Board -------------------------------------------------------------------------------- TELEMAR NORTE LESTE S.A. (FRMRLY. TELERJ) Ticker: Security ID: P9037H103 Meeting Date: APR 12, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Allocation of Income, Dividends, For For Management Participation to Employees of the Company, and Capital Budget 3 Elect Board of Directors and their For For Management Respective Alternates 4 Elect Supervisory Board and their For For Management Respective Alternates 5 Approve Remuneration of Directors and For For Management Supervisory Board -------------------------------------------------------------------------------- TELESP, TELECOMUNICACOES DE SAO PAULO S.A. Ticker: Security ID: P90337117 Meeting Date: MAR 30, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports 2 Approve Allocation of Income For For Management 3 Approve Capital Budget for 2005 For For Management 4 Elect Supervisory Board For For Management 5 Approve Remuneration of the Executive For For Management Officer Board, the Board of Directors and the Supervisory Board -------------------------------------------------------------------------------- TELESP, TELECOMUNICACOES DE SAO PAULO S.A. Ticker: Security ID: P90337117 Meeting Date: MAY 11, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve 1000:1 Reverse Stock Split As For For Management Well As One Share Per ADR 2 Amend Arts. 4 and 5 to Reflect Changes in For For Management Capital In Light of the Reverse Stock Split 3 Ratify Service Contract Between the For For Management Company and Telefonica Gestao de Servicos Compartilhados do Brasil Ltda 4 Amend Art. 9 of Bylaws Re: Approval At For For Management Shareholder Meetings of Service Contracts 5 Consolidata Bylaws For For Management -------------------------------------------------------------------------------- TENARIS SA, LUXEMBOURG Ticker: Security ID: 88031M109 Meeting Date: MAY 25, 2005 Meeting Type: Annual Record Date: APR 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 CONSIDERATION OF THE BOARD OF DIRECTORS For For Management AND INDEPENDENT AUDITOR S REPORTS ON THE CONSOLIDATED FINANCIAL STATEMENTS. 2 CONSIDERATION OF THE BOARD OF DIRECTORS For For Management AND INDEPENDENT AUDITOR S REPORTS ON THE UNCONSOLIDATED ANNUAL ACCOUNTS. 3 ALLOCATION OF RESULTS AND APPROVAL OF For For Management DIVIDEND PAYMENT. 4 DISCHARGE TO THE MEMBERS OF THE BOARD OF For For Management DIRECTORS. 5 ELECTION OF THE BOARD OF DIRECTORS For For Management MEMBERS. 6 AUTHORIZATION TO THE BOARD OF DIRECTORS For For Management TO DELEGATE THE DAY-TO-DAY MANAGEMENT OF THE COMPANY S BUSINESS. 7 BOARD OF DIRECTORS COMPENSATION. For For Management 8 Ratify Auditors For For Management 9 AMENDMENT OF ARTICLE 9 OF THE ARTICLES OF For For Management ASSOCIATION OF THE COMPANY. 10 AMENDMENT OF ARTICLE 10 OF THE ARTICLES For For Management OF ASSOCIATION OF THE COMPANY. 11 AMENDMENT OF ARTICLE 15 OF THE ARTICLES For For Management OF ASSOCIATION OF THE COMPANY. 12 AMENDMENT OF ARTICLE 16 OF THE ARTICLES For For Management OF ASSOCIATION OF THE COMPANY. 13 AMENDMENT OF ARTICLE 19 OF THE ARTICLES For For Management OF ASSOCIATION OF THE COMPANY. -------------------------------------------------------------------------------- URBI DESARROLLOS URBANOS S ADE C V Ticker: Security ID: P9592Y111 Meeting Date: APR 25, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income For For Management 3 Elect Directors, Supervisory Board For For Management Members, and Respective Alternates; Approve Their Remuneration 4 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 5 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- URBI DESARROLLOS URBANOS S ADE C V Ticker: Security ID: P9592Y111 Meeting Date: JUL 19, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Resignation, Elect and Ratify For For Management Directors 2 Designate Shareholder Representatives of For For Management Minutes of Meeting -------------------------------------------------------------------------------- VINA CONCHA Y TORO S.A. Ticker: VCO Security ID: P9796J100 Meeting Date: APR 26, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income and Dividend For For Management Policy 3 Elect Directors For For Management 4 Approve Auditors for 2005 For For Management 5 Approve Remuneration of Directors For For Management 6 Approve Remuneration and Budget of For For Management Director's Committe (Audit Committee) 7 Designate Newspaper to Publish Meeting For For Management Announcements 8 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 9 Designate Risk Assessment Companies For For Management 10 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- WAL-MART DE MEXICO S.A. DE C.V. (FRMRLY. CIFRA S.A.) Ticker: Security ID: P98180105 Meeting Date: FEB 24, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Chairman's Report For For Management 2 Accept Audit Committee's Report For For Management 3 Accept Supervisory Board Report For For Management 4 Accept Financial Statements for Fiscal For For Management Year Ended December 2004 5 Present Report on the Share Repurchase For For Management Reserves 6 Approve Cancellation of 105.3 Million For For Management Company Treasury Shares 7 Approve Allocation of Income For For Management 8 Approve Dividend With Payout of MXN 0.63 For For Management Per Share or Stock in the Company Whose Value Will Be Determined on The Closing Day of March 15, 2005 9 Approve Variable Capital Increase Through For For Management Issuance of 137.6 Million Common Shares To Be Paid Back as Dividends at MXN 0.63 Per Share; The Targeted Increase in Capital is MXN 2.8 Billion 10 Approve Modifications to Article 5 in the For For Management Bylaws 11 Accept Report Re: Employee Stock Option For Against Management Plan 12 Accept Report Re: Wal-Mart de Mexico For For Management Foundation 13 Approve Discharge of the Board of For For Management Directors 14 Elect or Approve Members of the Board of For For Management Directors and Supervisory Board 15 Approve Minutes of Meeting For For Management SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. THE LATIN AMERICA EQUITY FUND, INC. By: /s/ Steven Plump ---------------------------- Steven Plump President and Chief Executive Officer Date: August 26, 2005