N-PX 1 npx38707.txt 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, 2005 - June 30, 2006 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: P4991B101 Meeting Date: MAR 21, 2006 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 Approve Aggregate Annual Remuneration of For For Management Directors 3 Elect Employee Representative and For For Management Alternate to the Board 4 Elect Directors For For Management 5 Elect Supervisory Board For For Management -------------------------------------------------------------------------------- ALL AMERICA LATINA LOGISTICASA Ticker: Security ID: P7896K183 Meeting Date: JUN 16, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Protocol and Justification for For For Management the Incorporation of All of Brasil Ferrovias S.A. and Novoeste Brasil S.A.'s Shares by the Company 2 Ratify Appraisal Firms For For Management 3 Approve Appraisal Reports For For Management 4 Approve Acquisition of Brasil Ferrovias For For Management and Novoeste 5 Amend Article 5 to Reflect Change in For For Management Capital Resulting from the Acquisition 6 Authorize Board to Ratify and Execute For For Management Approved Resolutions 7 Authorize the Executive Board to Provide For For Management an Appraisal Value for Dissident Shareholders Should Any Shareholders So Dissent 8 Elect Directors For For Management -------------------------------------------------------------------------------- ALL AMERICA LATINA LOGISTICASA Ticker: Security ID: P7896K183 Meeting Date: MAR 27, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends 3 Elect Directors and Supervisory Board For For Management Members 4 Approve Remuneration of Directors For For Management 5 Amend Company Bylaws to Comply with For For Management Updated BOVESPA Regulations Re: Level 2 Corporate Governance Practices -------------------------------------------------------------------------------- ALSEA S.A. DE C.V. Ticker: Security ID: P0212A104 Meeting Date: APR 27, 2006 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 12-31-05 2 Approve Dividends For For Management 3 Accept Annual Report of Audit Committee, For For Management Planning and Financing Committee, Evaluation and Compensation Committee, Marketing Committee for Fiscal Year Ended 12-31-05 4 Amend Articles Re: Compliance with For For Management Mexican Securities Regulations Passed December 30 2005 5 Elect Directors, Executives, Superisory For For Management Board Members, and Members of Mid-Level Positions of the Company 6 Approve Remuneration of Directors, For For Management Supervisory Board Members and Members of Mid-Level Positions of the Company 7 Presentation Re: Share Repurchase Program For For Management and Future Reissuance 8 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 9 Presentation Re: Employee Stock Incentive For Against Management Plan; Issuance of Shares Pursuant to Plan 10 Authorize Increase in Variable Capital For Against Management 11 Authorize Increase in Variable Capital For Against Management and Subsequent Public Offering of Shares 12 Cancel and Exchange Company Shares For Against Management 13 Grant Special Powers for the For Against Management Implementation of the Resolutions Approved at this Meeting 14 Authorize Board to Ratify and Execute For For Management Approved Resolutions 15 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- ALSEA S.A. DE C.V. Ticker: Security ID: P0212A104 Meeting Date: MAY 22, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Ratify Resolution Approved at the April For For Management 27, 2006. Re: Authorize Increase in Variable Capital and Subsequent Public Offering of Shares 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- AMERICA TELECOM S.A. DE C.V Ticker: Security ID: P0289K100 Meeting Date: APR 26, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For Did Not Management Financial Statements and Supervisory and Vote Audit Reports for Fiscal Year Ended 12-31-05; Approve 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 Members to Board Committees and Fix For Did Not Management their Remuneration Vote 4 Set Aggregate Nominal Amount of Share For Did Not Management Repurchase Reserve for Fiscal Year 2006; Vote Set Guidelines for Share Repurchase Program 5 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- ARCELOR BRASIL SA ( FORMERLY COMPANHIA SIDERURGICA BELGO-MIN Ticker: Security ID: P16408372 Meeting Date: APR 24, 2006 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 12-31-05 2 Approve Allocation of Income in the For For Management Amount of BRL 2.215 Billion and Payment of Dividends of BRL 1.003 Billion 3 Elect Members of Board of Directors For For Management 4 Approve Aggregate Global Remuneration of For For Management Directors -------------------------------------------------------------------------------- ARCELOR BRASIL SA ( FORMERLY COMPANHIA SIDERURGICA BELGO-MIN Ticker: Security ID: P16408133 Meeting Date: DEC 21, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve 20:1 Reverse Stock Split For For Management 2 Adopt New Articles of Association For For Management 3 Elect Directors and Fix their For For Management Remuneration -------------------------------------------------------------------------------- BAJA MINING CORP Ticker: Security ID: 05709R103 Meeting Date: JUN 1, 2006 Meeting Type: Annual/Special Record Date: APR 18, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Fix Number of Directors at Six For For Management 2.1 Elect Director John Greenslade For For Management 2.2 Elect Director William Murray For For Management 2.3 Elect Director Robert Mouat For Abstain Management 2.4 Elect Director Graham Thody For For Management 2.5 Elect Director C. Thomas Ogryzlo For For Management 2.6 Elect Director Ross Glanville For For Management 3 Approve Staley Okada & Partners as For For Management Auditors and Authorize Board to Fix Remuneration of Auditors 4 Approve Stock Option Plan For Against Management 5 Approve Repricing of Options For Against Management 6 Other Business For Against Management -------------------------------------------------------------------------------- BANCO DE CHILE Ticker: Security ID: P0939W108 Meeting Date: MAR 23, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Annual Report, Financial For For Management Statements, and Auditor's Report for Fiscal Year Ended Dec. 31, 2005 2 Approve Dividends of CLP 1.8582 Per Share For For Management 3 Elect Alternate Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Approve Remuneration and Budget of For For Management Directors Committee and Audit Committee 6 Elect External Auditors For For Management 7 Accept Directors Committee and Audit For For Management Committee's Report 8 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions Pursuant to Article 44 of Law 18.046 9 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- BANCO ITAU HOLDING FINANCEIRA(FRMLY BANCO ITAU S.A.) Ticker: Security ID: P1391K111 Meeting Date: APR 26, 2006 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 Directors For For Management 4 Elect Supervisory Board Members For For Management 5 Approve Remuneration of Directors and For For Management Supervisory Board Members 6a Amend Bylaws Re: Committees and Age Limit For Against Management for Board of Directors 6b Amend Stock Option Plan to Reflect the For Against Management Renaming of the Compensation Committee Pursuant to Item 6a Above 7 Designate Newspaper to Publish Meeting For For Management Announcements -------------------------------------------------------------------------------- BANCO SANTANDER CHILE (FORMERLY BANCO SANTIAGO ) Ticker: Security ID: P1506A107 Meeting Date: APR 25, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends of CLP 0.82682216 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 2006 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 28, 2006 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 12-31-05; Approve Allocation of Income 2 Elect Board of Directors For For Management 3 Elect Supervisory Board Members For For Management 4 Approve Aggregate Remuneration of For For Management Directors -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: APR 28, 2006 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Approve Civil Liability Suit For For Management 3 Approve Allocation of Income and For For Management Dividends 4 Elect Supervisory Board Members and Fix For For Management their Remuneration 5 Elect Directors Resulting from Vacancy For For Management 1 Approve Remuneration of Directors For For Management 2 Approve Civil Liability Suit Re: For For Management Management Actions Prior to Fiscal Year 2005 -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: JAN 12, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Supervisory Board Members For For Management -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: JUL 27, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Remove Directors and Elect New Directors For For Management to the Board 2 Elect Chairman and Co-chairman For For Management -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: MAY 23, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws and Authorize their For For Management Consolidation -------------------------------------------------------------------------------- BRASIL TELECOM PARTICIPACOES S.A. (FRM.TELE CENTRO SUL PARTI Ticker: Security ID: P18430168 Meeting Date: SEP 29, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Replacement of Current For Did Not Management Supervisory Board Members Elected by Vote Solpart Participacoes S.A. -------------------------------------------------------------------------------- BRASKEM S.A. (FRMRLY. COPENE-PETROQUIMICA DO NORDESTE) Ticker: BAKOF Security ID: P18533110 Meeting Date: APR 7, 2006 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 12-31-05 2 Approve 2006-2012 Capital Budget Plan For For Management 3 Approve Allocation of Income For For Management 4 Elect Members of Board of Directors For For Management 5 Elect Supervisory Board Members For For Management 6 Approve Aggregate Annual Remuneration of For For Management Directors 7 Amend Incentive Stock Option Plan For Against Management Approved at EGM Held on 9-26-05 -------------------------------------------------------------------------------- CELULAR CRT PARTICIPACOES S.A. Ticker: Security ID: P2195N137 Meeting Date: AUG 31, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Ratify Election of Directors For For Management 2 Ratify Amendment to Art. 5 to Reflect For For Management Changes in Capital 3 Approve Terms and Conditions of the For For Management Incorporation Protocol and Justification Instrument for the Incorporation of Snorunt Participacoes Ltda. by the Company 4 Ratify Appraisal Firm For For Management 5 Approve Appraisal Report For For Management 6 Approve Incorporation of Snorunt For For Management Participacoes Ltda. by the Company -------------------------------------------------------------------------------- CEMEX S.A. Ticker: CX Security ID: 151290889 Meeting Date: APR 27, 2006 Meeting Type: Special Record Date: MAR 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 PROPOSAL TO SPLIT EACH OF THE COMPANY S For For Management ORDINARY COMMON SHARES SERIES A AND SERIES B SHARES AND AMEND ARTICLE 6 OF THE COMPANY S BY-LAWS. 2 PROPOSAL TO CHANGE THE COMPANY S BY-LAWS. For For Management 3 APPOINTMENT OF DELEGATES TO FORMALIZE THE For For Management RESOLUTIONS ADOPTED AT THE MEETING AND THE CHANGES IN THE COMPANY S BY-LAWS OR ESTATUTOS SOCIALES, IF APPLICABLE. 4 APPROVAL OF THE FINANCIAL STATEMENTS FOR For For Management THE FISCAL YEAR ENDED DECEMBER 31, 2005. 5 ALLOCATION OF PROFITS AND THE MAXIMUM For For Management AMOUNT OF FUNDS TO BE USED FOR THE PURCHASE OF COMPANY SHARES. 6 PROPOSAL TO INCREASE THE CAPITAL STOCK OF For For Management THE COMPANY IN ITS VARIABLE PORTION. 7 APPOINTMENT OF DIRECTORS AND STATUTORY For For Management AUDITORS, AND PRESIDENT OF THE AUDIT COMMITTEE AND SOCIETAL PRACTICES. 8 COMPENSATION OF DIRECTORS, STATUTORY For For Management AUDITORS AND AUDIT AND SOCIETAL PRACTICES COMMITTEE. 9 APPOINTMENT OF DELEGATES TO FORMALIZE THE For For Management RESOLUTIONS ADOPTED AT THE MEETING. -------------------------------------------------------------------------------- CEMIG, COMPANHIA ENERGETICA DE MINAS GERAIS Ticker: Security ID: P2577R110 Meeting Date: APR 28, 2006 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 12-31-05 2 Approve Allocation of Income For For Management 3 Approve Payment Date of Complementary For For Management Interest on Capital and Dividends in the Amount of BRL 1.09 Billion 4 Elect Principal and Alternates Board For For Management Members 5 Elect Principal and Alternate Supervisory For For Management Board Members; Fix Their Remuneration 6 Approve Remuneration of Directors For For Management -------------------------------------------------------------------------------- CENCOSUD S A Ticker: Security ID: P2205J100 Meeting Date: APR 27, 2006 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 Approve Remuneration of Directors For For Management 5 Approve Remuneration and 2005 Budget of For For Management Directors' Committee 6 Accept Report Re: Board of Directors' For For Management Expenses 7 Approve Auditors For For Management 8 Designate Risk Assessment Companies For For Management 9 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 10 Designate Newspaper to Publish Meeting For For Management Announcements 11 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- CENCOSUD S A Ticker: Security ID: P2205J100 Meeting Date: AUG 31, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1 Approve Merger with Empresas Almacenes For Against Management Paris SA 1.2 Approve Merger Balance Sheet as of For Against Management 6-30-05 1.3 Approve Share Exchange Ratio For Against Management 1.4 Approve Dates of Which the Merger Will For Against Management Take Effect 1.5 Approve Capital Increase Resulting from For Against Management Merger; Amend Article 5 and Temporary Article 1 of Bylaws 1.6 Approve New Revised Bylaws For Against Management 1.7 Other Business (Voting) For Against Management 2 Authorize Board to Ratify and Execute For Against Management Approved Resolutions -------------------------------------------------------------------------------- CINTRA S.A. (FORMERLY AEROVIAS DE MEXICO) Ticker: Security ID: P20125103 Meeting Date: DEC 16, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Report Re: Sale of Certain For Did Not Management Subsidiaries and Trading of Shares Vote 2 Authorize Board to Ratify and Execute For Did Not Management Approved Resolutions Re: Sale of Vote Subsidiaries 3 Elect/Ratify and/or Remove Directors For Did Not Management Vote 4 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- CINTRA S.A. (FORMERLY AEROVIAS DE MEXICO) Ticker: Security ID: P20125103 Meeting Date: JAN 24, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Change Company Denomination and Amend For Did Not Management Article One to Reflect the Change Vote 2 Elect/Ratify and/or Remove Directors For Did Not Management Vote 3 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- CINTRA S.A. (FORMERLY AEROVIAS DE MEXICO) Ticker: Security ID: P20125103 Meeting Date: JUL 5, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Present Report Re: Sale of Certain For Did Not Management Subsidiaries Vote 2 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- CINTRA S.A. (FORMERLY AEROVIAS DE MEXICO) Ticker: Security ID: P20125103 Meeting Date: SEP 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For Did Not Management Vote 2 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- COMPANHIA DE BEBIDAS DAS AMERICAS - AMBEV Ticker: Security ID: 20441W104 Meeting Date: APR 20, 2006 Meeting Type: Special Record Date: APR 6, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 TO TAKE THE MANAGEMENT ACCOUNTS, For For Management EXAMINE,, DISCUSS AND VOTE THE FINANCIAL STATEMENTS RELATED TO THE FISCAL YEAR ENDED 2005. 2 TO RESOLVE ON THE ALLOCATION OF THE NET For For Management INCOME FOR THE YEAR, TO RATIFY THE DISTRIBUTION OF INTEREST ON OWN CAPITAL & DIVIDENDS. 3 TO RATIFY THE AMOUNTS PAID BY MEANS OF For For Management THE GLOBAL COMPENSATION ATTRIBUTED TO THE COMPANY S ADMINISTRATORS FOR THE YEAR OF 2005. 4 ELECT NEW MEMBERS OF THE FISCAL COUNCIL For For Management AND RESPECTIVE DEPUTIES. 5 TO INDICATE THE VEHICLE THAT WILL PUBLISH For For Management THE LEGAL PUBLICATIONS OF THE COMPANY. 6 TO APPROVE AND INCREASE ON THE CORPORATE For For Management CAPITAL, ON THE AMOUNT OF R$13,642,595.22. 7 TO APPROVE AN INCREASE ON THE CORPORATE For For Management CAPITAL, ON THE AMOUNT OF R$5,846,826.52. 8 TO EXPAND THE WORDING OF THE CORPORATE For For Management PURPOSE TO INCLUDE THE SPECIFIED ACTIVITIES. 9 TO EXCLUDE THE MINIMUM PERCENTAGE OF THE For For Management NET PROFITS TO BE DESTINED TO THE CONSTITUTION OF THE INVESTMENTS RESERVE. 10 TO APPROVE THE NEW STOCK OPTION PLAN OF For Against Management THE COMPANY. 11 BY VIRTUE OF THE RESOLUTIONS OF ITEMS 1, For For Management 2, 3 AND 4 ABOVE, AMEND ARTICLE 5, 3 AND 40 OF THE COMPANY S BYLAWS AND APPROVE ITS CONSOLIDATION. -------------------------------------------------------------------------------- COMPANHIA DE BEBIDAS DAS AMERICAS - AMBEV Ticker: Security ID: 20441W104 Meeting Date: JUN 27, 2006 Meeting Type: Special Record Date: JUN 12, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 TO RECTIFY AND CONFIRM THE DELIBERATION For For Management TAKEN REGARDING THE INCREASE ON THE CORPORATE CAPITAL CORRESPONDING TO THE PARTIAL CAPITALIZATION OF THE TAX BENEFIT RESULTING FROM THE PARTIAL AMORTIZATION OF THE SPECIAL PREMIUM RESERVE ON THE FISCAL YEAR OF 2005 2 TO CONFIRM, PURSUANT TO ART. 256 OF LAW For For Management NO. 6,404/76, THE EXECUTION OF THE LETTER AGREEMENT AND THE APPRAISAL REPORT REGARDING THE ACQUISITION, BY THE COMPANY, OF THE CONTROL OF QUILMES INDUSTRIAL (QUINSA) SOCIETE ANONYME. -------------------------------------------------------------------------------- COMPANHIA DE CONCESSOES RODOVIARIAS Ticker: Security ID: P1413U105 Meeting Date: NOV 16, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Long-term Incentive Plan For Against Management -------------------------------------------------------------------------------- COMPANHIA SANEAMENTO MINAS GERAIS COPASA Ticker: Security ID: P28269101 Meeting Date: APR 24, 2006 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 12-31-05 2 Approve Allocation of Income and Payment For For Management of Interest on Capital 3 Elect Members of the Board of Directors For For Management and Supervisory Board 4 Approve Amendment to Company's Investment For Against Management Program Approved at the 4-30-04 AGM with Regards to Fiscal Year 2006, and Approve Investment Plan for Fiscal Year 2007 5 Approve Remuneration of Board of For For Management Directors and Executives Officer Board, and Supervisory Board as Approved at the Board Meeting Held on 3-31-06 6 Approve Charitable Donations to For Against Management Philantropic Entities as Approved at the Board Meeting Held on 3-17-06 7 Approve Donations of IT Equipment to the For Against Management Urban Policy and Regioinal Development State Secretary -------------------------------------------------------------------------------- COMPANHIA SANEAMENTO MINAS GERAIS COPASA Ticker: Security ID: P28269101 Meeting Date: FEB 22, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Alternate Supervisory Board Member For For Management -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA DE TUBARAO Ticker: Security ID: P8738N104 Meeting Date: SEP 30, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Protocol and Justification for For For Management Incorporation of Shares of Companhia Siderurgica de Tubarao (CST) by Companhia Siderurgica Belgo-Mineira (Belgo) 2 Approve Valuation Report of CTS' Equity For For Management of Shares Performed by Afas Adviser Consultores Associados Ltda 3 Approve Economic-Financial Valuation For For Management Report Performed by Banco UBS SA and Deutsche Bank Securities Inc Re: Share Exchange Ratio 4 Approve Appraisal Reports Performed by For For Management Apsis Consultoria Empresarial S/C Ltda Re: Net Equity Appraisal of Companhia Siderurgica de Tubarao and Belgo at Market Price 5 Ratify Nomination of Banco UBS SA to For For Management Perform Share Valuation Report for Reimbursement Purposes; Approve Appraisal Report and Amount to be Reimbursed -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: Security ID: P8661X103 Meeting Date: JUL 7, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Cancel 14,849,099 Company Treasury Shares For For Management Without Reduction in Capital 2 Amend Arts. 5 and 7 to Reflect Changes in For For Management Capital Following the Previous Item -------------------------------------------------------------------------------- COMPANHIA SOUZA CRUZ Ticker: Security ID: P26663107 Meeting Date: MAR 10, 2006 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 Dec. 31, 2005 2 Approve Allocation of Income and For For Management Dividends 3 Elect Director For For Management 4 Approve Remuneration of Directors For For Management -------------------------------------------------------------------------------- COMPANHIA SOUZA CRUZ Ticker: Security ID: P26663107 Meeting Date: OCT 25, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws Re: Corporate Purpose, For Did Not Management Residency Requirements to Serve on the Vote Board, Dividends, and Consolidate Modifications -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO Security ID: 204412100 Meeting Date: APR 27, 2006 Meeting Type: Special Record Date: APR 11, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 APPRECIATION OF THE MANAGEMENTS REPORT For For Management AND ANALYSIS, DISCUSSION AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 2 PROPOSAL FOR THE DESTINATION OF PROFITS For For Management OF THE SAID FISCAL YEAR AND APPROVAL OF THE INVESTMENT BUDGET FOR THE COMPANY, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT 3 APPOINTMENT OF THE MEMBERS OF THE FISCAL For For Management COUNCIL 4 ESTABLISHMENT OF THE REMUNERATION OF THE For For Management SENIOR MANAGEMENT AND FISCAL COUNCIL MEMBERS 5 PROPOSAL FOR A FORWARD SPLIT, ALL AS MORE For For Management FULLY DESCRIBED IN THE PROXY STATEMENT 6 PROPOSAL TO MODIFY THE COMPANY S BY-LAWS, For For Management RELATED TO SECTION II AND SUBSECTION IV OF CHAPTER IV, IN RELATION TO THE ADVISORY COMMITTEES, IN THE FOLLOWING TERMS: A) CHANGE OF THE HEADING OF ARTICLE 15; B) AMENDMENT TO ARTICLE 16; C) ADD ITEM IV TO ARTICLE 7 CONSOLIDATION OF THE AMENDMENTS TO CVRD S For For Management BY-LAWS, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO Security ID: 204412100 Meeting Date: JUL 19, 2005 Meeting Type: Special Record Date: JUN 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 THE PROPOSAL TO AMEND THE COMPANY S For For Management BY-LAWS. 2 THE REPLACEMENT OF A MEMBER OF A FISCAL For For Management COUNCIL, AND HIS RESPECTIVE SUBSTITUTE, NOMINATED BY THE CONTROLLING SHAREHOLDER. -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: 204412100 Meeting Date: MAR 31, 2006 Meeting Type: Special Record Date: MAR 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 TO APPROVE THE TERMS, CONDITIONS AND For For Management REASONS (THE PROTOCOLO E JUSTIFICACAO ) FOR THE MERGER OF ALL THE SHARES OF THE CAPITAL STOCK OF CAEMI - MINERACAO E METALURGIA S.A. (CAEMI)) INTO THE ASSETS OF CVRD IN ORDER TO CONVERT THE FORMER INTO A WHOLLY-OWNED 2 TO RATIFY THE APPOINTMENT OF THE EXPERTS For For Management WHO PREPARED THE VALUE APPRAISAL OF THE PREFERRED SHARES ISSUED BY CAEMI TO BE MERGED INTO CVRD ASSETS. 3 TO DECIDE ON THE APPRAISAL REPORT, For For Management PREPARED BY THE EXPERTS. 4 TO APPROVE THE MERGER OF ALL OF THE For For Management SHARES ISSUED BY CAEMI INTO THE ASSETS OF THE CVRD. 5 TO APPROVE CVRD CAPITAL INCREASE WITHIN For For Management THE ISSUANCE OF 64,151,361 PREFERRED CLASS A SHARES, TO BE PAID-IN WITH THE SHARES OF CAEMI TO BE MERGED INTO THE COMPANY S ASSETS, AND THE CONSEQUENT CHANGE OF THE CAPUT OF ARTICLE 5 OF THE CVRD S BY-LAWS. -------------------------------------------------------------------------------- COMPANIA DE MINAS BUENAVENTURA S.A. Ticker: BVN Security ID: 204448104 Meeting Date: MAR 30, 2006 Meeting Type: Annual Record Date: MAR 10, 2006 # 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, 2005. 2 DELEGATION TO THE AUDIT COMMITTEE OF THE For For Management DESIGNATION OF THE EXTERNAL AUDITORS FOR THE YEAR 2006. 3 DISTRIBUTION OF DIVIDENDS. For For Management -------------------------------------------------------------------------------- COMPANIA DE TELECOMUNICACIONES DE CHILE S.A (TELEFONICA) Ticker: Security ID: P3058U127 Meeting Date: APR 20, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve CLP 40.2 Billion Reduction in For For Management Capital 2 Change Commercial Name to Telefonica For For Management Chile 3 Amend Articles to Reflect Changes in For For Management Article 5 (Share Capital) and Article 1 (Commercial Name) 4 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- CONSORCIO ARA SA Ticker: Security ID: P3084R106 Meeting Date: APR 20, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends of MXN 3.80 Per Share 3 Accept Audit Committee Report For For Management 4 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 5 Elect Directors, Board Secretary and For For Management Alternate, and Supervisory Board; Approve Discharge and Remuneration of Directors, Board Secretary and Alternate, and Supervisory Board 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 7 Approve Stock Split; Amend Company For For Management Articles to Reflect Stock Split 8 Amend Company Articles to Comply with For Against Management Mexican Stock Market Regulations Article 14 Bis 3 Subsection VII 9 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- CONTROLADORA COMERCIAL MEXICANA S.A. Ticker: Security ID: P3097R168 Meeting Date: APR 6, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: Compliance with For For Management Mexican Securities Regulations Passed 30 December 2005 2 Approve Merger by Absorption of For Against Management Inmobiliaria Cinematografica Ecatepec, S.A. de C.V. 1 Approve Financial Statements and For For Management Statutory Reports for 2005, Approve Report on Share Repurchase and Reissuance of Shares, and Approve Discharge Directors 2 Approve Allocation of Income and For Against Management Dividends of MXN 0.138 per Unit Share; Set Maximum Limit for Share Repurchase Fiscal Year 2006 3 Elect Members of Management Board, For For Management Supervisory Board, Executive Committee, and Audit Committee and Approve Their Remuneration 4 Designate Inspector or Shareholder For For Management Representatives of Minutes of Meeting -------------------------------------------------------------------------------- CORPORACION GEO S A DE CV Ticker: Security ID: P3142C117 Meeting Date: APR 21, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: Compliance with For For Management Mexican Securities Regulations Passed December 30, 2005 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 3 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- CORPORACION GEO S A DE CV Ticker: Security ID: P3142C117 Meeting Date: APR 21, 2006 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 12-31-05 2 Accept Financial Statements and Statutory For For Management Reports 3 Approve Discharge of Management For For Management 4 Approve Allocation of Income For For Management 5 Elect Directors, Supervisory Board, and For For Management Board Secretary 6 Elect Chairman to Audit Committee and For For Management Corporate Practices Committee 7 Approve Remuneration of Directors, For For Management Supervisory Board, and Board Secretary 8 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 9 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 10 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- COTEMINAS Ticker: Security ID: P3164Y104 Meeting Date: APR 28, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends 3 Elect Supervisory Board Members for For For Management 2006-2007 Term 4 Cancel 246.07 Million Company Preference For For Management Shares Representing 4.86 Million ADRs Without Reduction in Capital 5.1 Amend Article 5 of Bylaws to Reflect For For Management Changes in Capital Resulting from Cancellation of Preference Shares 5.2 Amend Article 20 to State that For For Management Supervisory Board is a Permanent Body -------------------------------------------------------------------------------- CREDICORP LTD. Ticker: BAP Security ID: G2519Y108 Meeting Date: MAR 31, 2006 Meeting Type: Annual Record Date: FEB 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 CONSIDERATION AND APPROVAL OF THE ANNUAL For For Management REPORT OF THE COMPANY FOR THE FINANCIAL STATEMENTS ENDED DECEMBER 31, 2005. 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, 2005, INCLUDING THE REPORT OF THE INDEPENDENT AUDITORS OF THE COMPANY THEREON. 3 DESIGNATION OF INDEPENDENT AUDITORS OF For For Management THE COMPANY FOR THE 2006 CALENDAR YEAR AS PROPOSED BY THE AUDIT COMMITTEE AND AUTHORIZATION FOR THE BOARD OF DIRECTORS TO APPROVE THEIR FEES. -------------------------------------------------------------------------------- CRESUD S.A.C.I.F. Y A. Ticker: CRESY Security ID: 226406106 Meeting Date: AUG 2, 2005 Meeting Type: Special Record Date: JUL 19, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPOINTMENT OF TWO STOCKHOLDERS WITH THE For Did Not Management PURPOSE OF RATIFYING AND SUBSCRIBING THE Vote MINUTES OF THE MEETING. 2 REVIEW OF THE AMERICAN BODY OF LAW For Did Not Management APPLICABLE TO THE CORPORATION ON ACCOUNT Vote OF THE QUOTATION OF ITS SECURITIES IN SUCH MARKET. OBSERVATION OF THE EXCEPTIONS APPLICABLE TO FOREIGN COMPANIES. IF NEEDED, ADAPTATION OF THE BOARD OF DIRECTORS AND ELECTION OF -------------------------------------------------------------------------------- CRESUD S.A.C.I.F. Y A. Ticker: CRESY Security ID: 226406106 Meeting Date: NOV 1, 2005 Meeting Type: Annual Record Date: OCT 17, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 DESIGNATION OF TWO SHAREHOLDERS TO For For Management APPROVE AND SIGN THE MINUTES OF THE MEETING. 2 CONSIDERATION OF THE DOCUMENTATION For For Management PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005, PURSUANT TO SECTION 234, SUBSECTION 1 OF LAW 19550. 3 CONSIDERATION OF THE BOARD OF DIRECTORS For For Management MANAGEMENT. 4 CONSIDERATION OF THE SUPERVISORY For For Management COMMITTEE S ACTION. 5 TREATMENT AND ALLOCATION OF $76,798,918 For For Management WORTH OF PROFITS POSTED AS AT YEAR-END JUNE 30TH, 2005. CONSIDERATION OF A DIVIDEND PAYMENT OF UP TO $10,000,000. 6 CONSIDERATION OF THE BOARD S REMUNERATION For For Management AMOUNTING TO $2,680,692 PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005. 7 CONSIDERATION OF THE SUPERVISORY For For Management COMMITTEE S REMUNERATION PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005. 8 DETERMINATION OF THE NUMBER AND For For Management APPOINTMENT OF PERMANENT DIRECTORS AS WELL AS TEMPORARY DIRECTORS, IF DEEMED NECESSARY. 9 APPOINTMENT OF PERMANENT AND TEMPORARY For For Management MEMBERS OF THE SUPERVISORY COMMITTEE. 10 APPOINTMENT OF THE CERTIFIED PUBLIC For For Management ACCOUNT FOR THE NEXT FISCAL YEAR AND DETERMINATION OF HIS REMUNERATION. 11 MOTIVES LEADING TO THE OUT-OF-SCHEDULE For For Management CALLING. -------------------------------------------------------------------------------- CYRELA BRAZIL RLTY S AEMPREENDIMENTOS EPARTICIPACOES Ticker: Security ID: P34085103 Meeting Date: APR 28, 2006 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 12-31-05 2 Approve Allocation of Income; Approve For For Management Dividends and Ratify Interim Dividends in the Aggregate Amount of BRl 40 Million 3 Elect Board of Directors For For Management 4 Approve Annual Aggregate Remuneration of For For Management Directors 5 Amend Article 6 of Bylaws to Reflect For Against Management Capital Increase Ratified at the Board Meeting Held on 9-26-05 6 Elect New Auditors For For Management 7 Amend Stock Option Plan for Executives For Against Management Officers, Employees, and Other Parties that Render Services to the Company and/or Subsidiaries -------------------------------------------------------------------------------- CYRELA BRAZIL RLTY S AEMPREENDIMENTOS EPARTICIPACOES Ticker: Security ID: P34085103 Meeting Date: MAY 24, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Protocol and Justification for For For Management the Incorporation of RJZ Participacoes e Investimentos S.A. by the Company 2 Ratify Terco Grant Thornton Auditores For For Management Independentes Sociedade Simples as the Appraisal Firm 3 Approve Appraisal Report of RJZ For For Management Participacoes e Investimentos S.A's Net Equity 4 Approve Acquisition of RJZ Participacoes For For Management e Investimentos S.A. 5 Approve Increase in Capital Resulting For For Management from the Incorporation and Amend Article 6 6 Create a CEO Position to Manage the For For Management Company's Business in the State of Rio de Janeiro and Amend Articles 27 and 31 7 Elect Directors For For Management 8 Other Business For Against Management -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: Security ID: P3589C109 Meeting Date: AUG 1, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Incorporation of Subsidiaries For For Management 2 Approve Acquisition of 21 Million Shares For For Management of Laboratorio Frishcmann Aisengart S.A., Representative of 92.92 Percent of that Company's Capital -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: Security ID: P3589C109 Meeting Date: DEC 12, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws Re: Executive Officer Board For For Management 2 Approve Acquisition of 4.3 Million Common For For Management Shares Representing 100 Percent of the Image Memorial SA's Empreendimentos e Participacoes Hospitalares Share Capital -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: Security ID: P3589C109 Meeting Date: MAR 17, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2 Elect Members to the Board of Directors For For Management 3 Approve Aggregate Annual Remuneration of For For Management Directors -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: Security ID: P3589C109 Meeting Date: MAR 3, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws Re: Increase in Authorized For Against Management Capital, Inclusion of Provisions Relating to the Widely-held Ownership of the Company and, Adaptation to the Modifications of the Novo Mercado Listing Requirements 2 Ratify Acquisition of 8,953 Shares, For For Management Representing 100 Percent of Laboratorio Alvaro S.A.'s Capital -------------------------------------------------------------------------------- DURATEX S.A. Ticker: Security ID: P3593G104 Meeting Date: APR 28, 2006 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 Directors and Fix their For For Management Remuneration 4 Elect Supervisory Board Members and Fix For For Management their Remuneration 5 Cancel 48 Company Treasury Shares; For For Management Increase the Company's Capital to BRL 903 Million through Capitalization of Reserves and Bonus Issue; Increase the Authorized Capital Limit and; Amend Bylaws -------------------------------------------------------------------------------- EDP ENERGIAS DO BRASIL SA Ticker: Security ID: P3769R108 Meeting Date: APR 26, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Modify the Number of Directors on the For Against Management Board and Elect Directors to Fill Vacancies -------------------------------------------------------------------------------- EDP ENERGIAS DO BRASIL SA Ticker: Security ID: P3769R108 Meeting Date: MAR 28, 2006 Meeting Type: Annual/Special 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 and For For Management Dividends 4 Fix Number and Elect Directors For For Management 5 Approve Aggregate Remuneration of For For Management Directors 6 Amend Bylaws Re: Novo Mercado's New For For Management Regulations and Ratify Amendment to Article 5 -------------------------------------------------------------------------------- EDP ENERGIAS DO BRASIL SA Ticker: Security ID: P3769R108 Meeting Date: SEP 14, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors and Fix their For Did Not Management Remuneration Vote -------------------------------------------------------------------------------- ELETROBRAS, CENTRAIS ELETRICAS BRASILEIRAS S.A. Ticker: Security ID: P22854106 Meeting Date: APR 25, 2006 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 Directors For For Management 4 Elect Supervisory Board Members For For Management 5 Approve Remuneration of Directors, For For Management Supervisory Board Members, And Executive Committee Members -------------------------------------------------------------------------------- EMBOTELLADORA ANDINA S.A. Ticker: Security ID: P3697U108 Meeting Date: APR 19, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for 2005 2 Approve Allocation of Income and For For Management Dividends 3 Approve Dividend Policy For For Management 4 Elect New Directors to the Board 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 2006 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 4, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends of MXN 0.85 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 -------------------------------------------------------------------------------- EMBOTELLADORAS ARCA Ticker: Security ID: P3699M104 Meeting Date: NOV 3, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Dividend of MXN 0.85 Per Share For For Management 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 3 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- EMBRAER, EMPRESA BRASILEIRA DE AERONAUTICA Ticker: ERJ Security ID: 29081M102 Meeting Date: MAR 31, 2006 Meeting Type: Special Record Date: MAR 7, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 APPOINTMENT OF THE COMPANIES RESPONSIBLE For For Management FOR THE PREPARATION OF THE VALUATION REPORTS OF THE COMPANY AND OF RIO HAN TO WIT: I) VALUATION OF THE SHAREHOLDERS EQUITY VALUE; II) VALUATION BASED ON THE COMPANY S AND RIO HAN S RESPECTIVE SHAREHOLDERS EQUITY; 2 APPROVAL OF THE VALUATION REPORTS For For Management PREPARED BY THE COMPANIES REFERRED TO IN ITEM 1 ABOVE. 3 APPROVAL OF THE PROTOCOL AND For For Management JUSTIFICATION OF MERGER OF EMBRAER WITH AND INTO RIO HAN AND ALL EXHIBITS THERETO ( MERGER AGREEMENT ), WHICH WAS PREPARED AS SET FORTH IN ARTICLES 224 AND 225 OF LAW NO. 6,404/76 AND OF INSTRUCTION CVM NO. 319/99 AND WHICH C 4 APPROVAL OF THE MERGER OF THE COMPANY For For Management WITH AND INTO RIO HAN, PURSUANT TO THE TERMS OF THE PROTOCOL AND OTHER RELATED DOCUMENTS. -------------------------------------------------------------------------------- EMPRESA NACIONAL DE ELECTRICIDAD S.A. ENDESA Ticker: EOCNF Security ID: P3710M109 Meeting Date: MAR 21, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Annual Report, Financial For For Management Statements, and the Report of Independent Accountants and Inspectors of Accounts for the Year Ended December 31, 2005 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 Concerning Dividend Policy and Distribution 5 Elect Directors For For Management 6 Approve Remuneration of Board of For For Management Directors 7 Approve Remunerations and Budgets for For For Management Committee of Directors and Audit Committee 8 Present Report From the Committee of For For Management Directors 9 Approve External Auditors For For Management 10 Elect Two Supervisory Board Memebers and For For Management Their Alternates; Approve Their Remuneration 11 Transact Other Business (Non-Voting) None None Management 1 Amend Bylaws Re: Matters for For For Management Extraordinary Shareholders Meetings 2 Amend Bylaws Re: Adapt to the Provisions For For Management of the First Paragraph of Clause 7 of Law 18,046 3 Amend Bylaws Re: Director and Audit For For Management Committees 4 Adopt the Restated Text of the Corporate For For Management Bylaws 5 Authorize Board to Ratify and Execute For For Management Approved Resolutions With Respect to Special Business Items 1-4 -------------------------------------------------------------------------------- EMPRESAS CMPC SA(FORMELY COMPANIA MFR. DE PAPELES Y CARTONES Ticker: Security ID: P3712V107 Meeting Date: APR 28, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends of CLP 66 Per Share 3 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 4 Approve Auditors and Authorize Board to For For Management Fix Their Remuneration 5 Approve Remuneration of Directors; For For Management Approve Remuneration and Budget of Directors' Committee (Audit Committee) 6 Approve Dividend Policy For For Management 7 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- EMPRESAS COPEC (FRMELY COMPANIA DE PETROLEOS DE CHILE S. A.) Ticker: Security ID: P7847L108 Meeting Date: APR 26, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year 2005 2 Approve Allocation of Income and For For Management Dividends of CLP 55.00 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 2006 and Expense Report for 2005 6 Approve External Auditors for Fiscal Year For For Management 2006 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: Security ID: P37149104 Meeting Date: APR 6, 2006 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 12-31-05 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 12-31-05 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 of 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: Security ID: P37149104 Meeting Date: JUL 14, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Increase in Variable Portion of For Against Management Capital Through Issuance of Shares Withouth Preemptive Rights 2 Approve Public Offer of New Shares in For Against Management Mexican Market and Distribution on Other Markets 3 Amend Article 6 to Reflect Changes in For Against Management Capital 4 Authorize Board to Ratify and Execute For For Management Approved Resolutions; Designate Inspector or Shareholder Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- ENERSIS S.A. Ticker: Security ID: P37186106 Meeting Date: MAR 21, 2006 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 Dividend For For Management 3 Elect Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Approve Directors and Audit Committee For For Management Remuneration 6 Approve Expense Report from Directors and For For Management Audit Committee 7 Approve External Auditors For For Management 8 Elect Two Supervisory Board Members and For For Management Two Alternates; Approve Their Remuneration 9 Designate Risk Assessment Companies For For Management 10 Approve Investment and Financing Policy For For Management 11 Approve Dividend Policy For For Management 12 Other Business (Voting) For Against Management 1 Amend Bylaws -- Non-Routine For For Management 2 Approve Report Re: Audit Report as For For Management Required by the Public Company Accounting Oversight Board 3 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 4 Designate Newspaper to Publish Meeting For For Management Announcements 5 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- FOMENTO ECONOMICO MEXICANO S.A. (FEMSA) Ticker: FMX Security ID: 344419106 Meeting Date: MAR 10, 2006 Meeting Type: Annual Record Date: FEB 8, 2006 # 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 2005 FISCAL YEAR, AND THE REPORT OF THE EXAMINER PURSUANT TO ARTICLE 172 OF THE GENERAL LAW OF COMMERCIAL COMPANIES ( LEY GENE 2 APPLICATION OF THE RESULTS FOR THE 2005 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 27, 2006 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 Directors and Fix their For For Management Remuneration 4 Elect Supervisory Board Members and Fix For For Management their Remuneration 5 Amend Article 2 Pursuant to the Company's For For Management Restructuring in 2005 6 Amend Article 4 to Reflect Changes in For For Management Capital 7 Amend Article 5 Re: the Requirement for For For Management Board Members to Submit a Consent Form Regarding their Adherence to Bovespa's Level 1 Corporate Governance Listing Segment 8 Approve Cancellation of Series 13 For For Management Debenture Issuance 9 Consolidate Bylaws in Light of the For For Management Proposed Amendments 10 Re-ratify the Inclusion of the Real For For Management Estate Property in the EGM Minutes for May 31, 1995 and June 30, 1997 -------------------------------------------------------------------------------- GRENDENE SA Ticker: Security ID: P49516100 Meeting Date: AUG 12, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect One Member in Light of the For For Management Resignation of Elizabeth Bartelle Laybauer -------------------------------------------------------------------------------- GRUMA S.A. (GRUPO MASECA) Ticker: Security ID: P4948K121 Meeting Date: APR 27, 2006 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 12-31-05 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 Board of Directors, 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 -------------------------------------------------------------------------------- GRUMA S.A. (GRUPO MASECA) Ticker: Security ID: P4948K121 Meeting Date: DEC 15, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Increase in Fixed Portion of For For Management Capital Via Issuance of 30 Million New Shares for Public Offering 2 Approve Public Offer of New Shares For For Management 3 Amend Article 6 to Reflect Changes in For For Management Capital 4 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 5 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL PACIFICO S A DE C V Ticker: PAC Security ID: 400506101 Meeting Date: APR 20, 2006 Meeting Type: Annual Record Date: MAR 27, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 PRESENTATION AND APPROVAL OR For For Management MODIFICATION, AS APPLICABLE, OF THE REPORT OF MANAGEMENT. 2 PROPOSAL REGARDING THE APPLICATION OF THE For For Management PROFITS AND DECLARATION OF DIVIDENDS IN ACCORDANCE WITH THE POLICIES APPROVED BY THE COMPANY. 3 PROPOSAL THAT THE NOMINATIONS AND For For Management COMPENSATION COMMITTEE OF THE COMPANY CONSIST OF TWO MEMBERS, AS RECOMMENDED BY THE BOARD TO THE SHAREHOLDERS. 4 PROPOSAL, DISCUSSION AND APPOINTMENT, AS For For Management APPLICABLE, OF THE MEMBER OF THE NOMINATIONS AND COMPENSATION COMMITTEE PROPOSED BY SERIES B SHAREHOLDERS. ACKNOWLEDGEMENT OF THE APPOINTMENT OF THE MEMBER OF THE NOMINATIONS AND COMPENSATION COMMITTEE PROPOSED 5 RECOGNITION OF ANY NEW SHAREHOLDERS OR For For Management GROUP OF SHAREHOLDERS THAT OWN AT LEAST 10% OF THE OUTSTANDING CAPITAL STOCK OF THE COMPANY THAT ARE ENTITLED TO PROPOSE CANDIDATES FOR THE POSITION OF DIRECTOR, IF APPLICABLE. 6 ADOPTION OF SUCH RESOLUTIONS AS MAY BE For For Management DEEMED NECESSARY OR CONVENIENT IN ORDER TO GIVE EFFECT TO THE DECISIONS REACHED IN RESPECT OF THE FOREGOING MATTERS. -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL PACIFICO S A DE C V Ticker: PAC Security ID: 400506101 Meeting Date: MAY 25, 2006 Meeting Type: Special Record Date: APR 3, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL IN ACCORDANCE WITH ARTICLE 15 OF For For Management THE COMPANY S BYLAWS, OF THE NUMBER OF DIRECTORS WHO WILL CONSTITUTE THE BOARD. 2 ELECTION BY THE HOLDERS OF THE COMPANY S For For Management SERIES BB SHARES OF FOUR DIRECTORS OF THE COMPANY AND THEIR ALTERNATES 3 ELECTION OF THE CANDIDATES APPOINTED BY For For Management NACIONAL FINANCIERA, S.N.C., FOR THE POSITIONS OF DIRECTOR AND ALTERNATE DIRECTOR. 4 APPOINTMENT OF ONE DIRECTOR TO SERVE AS A For For Management MEMBER OF THE NOMINATIONS AND COMPENSATION COMMITTEE. 5 RECOGNITION OF ANY NEW SHAREHOLDER OR For For Management GROUP OF SHAREHOLDERS THAT OWNS AT LEAST 10% OF THE OUTSTANDING CAPITAL STOCK. 6 DIRECTOR CANDIDATES PREPARED BY THE For For Management NOMINATIONS AND COMPENSATION COMMITTEE, ELECTION OF SUCH CANDIDATES TO FILL VACANCIES. 7 Ratify Auditors For For Management 8 RATIFICATION OF THE APPOINTMENT, OR For For Management REPLACEMENT OF MEMBERS OF THE COMPANY S NOMINATIONS AND COMPENSATION COMMITTEE. 9 NOMINATIONS AND COMPENSATION COMMITTEE S For For Management CONSIDERATION OF THE COMPENSATION TO BE PROVIDED TO MEMBERS. 10 ADOPTION OF SUCH RESOLUTIONS AS MAY BE For Against Management DEEMED NECESSARY OR CONVENIENT IN ORDER TO GIVE EFFECT TO THE DECISIONS REACHED IN RESPECT OF THE FOREGOING MATTERS. -------------------------------------------------------------------------------- GRUPO BIMBO Ticker: Security ID: P49521126 Meeting Date: APR 6, 2006 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 12-31-05 Vote 2 Approve Allocation of Income For Did Not Management Vote 3 Approve Dividends of MXN 0.31 Per Share For Did Not Management Vote 4 Elect Management and Supervisory Board; For Did Not Management Fix Their Respective Remuneration Vote 5 Elect Members to the Audit Committee, For Did Not Management Evaluation and Compensation Committee, Vote and Finance and Planning Committee; Fix Their Remuneration 6 Present Report Re: Shares Repurchase For Did Not Management Program; Set Maximum Amount for Share Vote Repurchase 7 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A. Ticker: Security ID: P49501201 Meeting Date: APR 28, 2006 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 12-31-2005; ; 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 2005; Set Limit for Share Repurchase Reserve for 2006 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 7 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- GRUPO FINANCIERO INBURSA S.A. DE C.V. Ticker: Security ID: P4950U165 Meeting Date: APR 20, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements, Statutory For For Management Reports and Reports from the Board, Supervisory Board, and Audit Committee for Fiscal Year Ended 12-31-2005 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 Alternate Secretary 5 Approve Remuneration of Directors, For For Management Supervisory Board Members, Board Secretary, and Alternate Secretary 6 Appoint Corporate Practices Committee and For For Management Audit Committee Members 7 Approve Remuneration of Practices For For Management Committee and Audit Committee Members 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 MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV) Ticker: Security ID: P49538112 Meeting Date: APR 28, 2006 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 12-31-05; Accept Report From Supervisory Board 2 Accept Audit Committee Report For For Management 3 Approve Allocation of Income For For Management 4 Elect Members to the Board, Supervisory For For Management Board, Executive Committee, Audit Committee and Corporate Practices Committee 5 Approve Remuneration of Directors, Board For For Management Committees and Supervisory Board 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 1 Amend Articles Re: Compliance with For For Management Mexican Securities Regulations Passed December 30 2005 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO TELEVISA, S.A. Ticker: Security ID: P4987V137 Meeting Date: APR 28, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cancellation of Company's Shares For For Management and Subsequent Capital Reduction; Amend Article 6 Accordingly 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- GRUPO TELEVISA, S.A. Ticker: Security ID: P4987V137 Meeting Date: APR 28, 2006 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 12-31-05 2 Present Audit Committee Report in For For Management Accordance with Article 14 BIS IV Paragraph C 3 Approve Allocation of Income For For Management 4 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve and Discuss Share Repurchase Policy 5 Elect Members of the Board of Directors; For For Management Secretary and Deputy Secretary, Other Employees, and Supervisory Board 6 Elect Members of the Executive Committee For For Management 7 Elect Members to Audit Committee For For Management 8 Approve Remuneration of Directors, For For Management Executive and Audit Committee Members, Supervisory Board, Secretary and Deputy Secretary 9 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- IOCHPE MAXION S.A. Ticker: Security ID: P58749113 Meeting Date: MAR 23, 2006 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Art. 18 Re: Board of Directors For Against Management 2 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended Dec. 31, 2005 3 Approve Allocation of Income and For For Management Dividends 4 Elect Directors and Fix their For For Management Remuneration -------------------------------------------------------------------------------- IRSA (INVERSIONES Y REPRESENTACIONES) Ticker: IRS Security ID: 450047204 Meeting Date: AUG 2, 2005 Meeting Type: Special Record Date: JUL 19, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPOINTMENT OF TWO STOCKHOLDERS WITH THE For For Management PURPOSE OF RATIFYING AND SUBSCRIBING THE MINUTES OF THE MEETING. 2 REVIEW OF THE AMERICAN BODY OF LAW For For Management APPLICABLE TO THE CORPORATION ON ACCOUNT OF THE QUOTATION OF ITS SECURITIES IN SUCH MARKET. OBSERVATION OF THE EXCEPTIONS APPLICABLE TO FOREIGN COMPANIES. IF NEEDED, ADAPTATION OF THE BOARD OF DIRECTORS AND ELECTION OF -------------------------------------------------------------------------------- IRSA (INVERSIONES Y REPRESENTACIONES) Ticker: IRS Security ID: 450047204 Meeting Date: NOV 1, 2005 Meeting Type: Annual Record Date: OCT 18, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 DESIGNATION OF TWO SHAREHOLDERS TO For For Management APPROVE THE MINUTES OF THE MEETING. 2 CONSIDERATION OF THE DOCUMENTATION For For Management PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005, PURSUANT TO SECTION 234 SUBSECTION 1 OF LAW 19550. 3 CONSIDERATION OF THE BOARD OF DIRECTORS For For Management MANAGEMENT. 4 CONSIDERATION OF THE SUPERVISORY For For Management COMMITTEE S ACTION. 5 TREATMENT AND ALLOCATION OF $103,245,000 For For Management WORTH OF PROFITS POSTED AS AT YEAR-END JUNE 30TH, 2005. 6 CONSIDERATION OF THE BOARD S REMUNERATION For For Management AMOUNTING TO $7,400,000 (APPROPRIATED AMOUNT) PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005. 7 CONSIDERATION OF THE SUPERVISORY For For Management COMMITTEE S REMUNERATION PERTINENT TO FISCAL YEAR ENDED AS AT JUNE 30TH, 2005. 8 DETERMINATION OF THE NUMBER AND For For Management APPOINTMENT OF PERMANENT DIRECTORS, IF DEEMED NECESSARY. 9 APPOINTMENT OF PERMANENT AND TEMPORARY For For Management MEMBERS OF THE SUPERVISORY COMMITTEE. 10 APPOINTMENT OF THE CERTIFIED PUBLIC For For Management ACCOUNT FOR THE NEXT FISCAL YEAR AND DETERMINATION OF HIS REMUNERATION. 11 CONSIDERATION OF THE SPECIAL BALANCE For For Management SHEET FOR THE MERGER OF IRSA AND BUENOS AIRES TRADE & FINANCE CENTER S.A. 12 MOTIVES LEADING TO THE OUT-OF-SCHEDULE For For Management CALLING. -------------------------------------------------------------------------------- ITAUSA, INVESTIMENTOS ITAU S.A. Ticker: Security ID: P58711105 Meeting Date: APR 28, 2006 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 12-31-05 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 Aggregate Remuneration of Board For For Management Members, Executive Officer Board, and Supervisory Board 6 Cancel 73.5 Million Company Treasury For For Management Shares 7 Authorize Capital Increase to BRL 5.1 For For Management Billion from BRL 5 Billion Via Capitalization of Profit Reserves 8 Amend Article 3 to Reflect Changes in For For Management Capital and Article 9 and 10 to Consolidate Both Disclosure Committee and Negotiation Committee 9 Approve Capital Increase for Private For For Management Placement to BRL 5.2 Billion from BRL 5.1 Billion Through Issuance of 13.88 Million Shares at BRL 7.2 Per Share 10 Designate Newspaper to Publish Meeting For For Management Announcements -------------------------------------------------------------------------------- KLABIN SA, BRASIL (FORMELY INDUSTRIAS KLABIN DE PAPEL E CE Ticker: Security ID: P60933101 Meeting Date: MAR 20, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports, Management Report for Fiscal Year Ended 12-31-05 2 Approve Allocation of Income and For For Management Dividends 3 Elect Members of the Board of Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Elect Supervisory Board Members and Fix For For Management Their Remuneration 6 Other Business For Against Management -------------------------------------------------------------------------------- MERCANTIL SERVICIOS FINANCIEROS Ticker: Security ID: 587339102 Meeting Date: MAR 27, 2006 Meeting Type: Annual Record Date: MAR 15, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 CONSIDER THE REPORT PRESENTED BY THE For Did Not Management BOARD OF DIRECTORS AND THE COMPANY S Vote AUDITED FINANCIAL STATEMENTS AT DECEMBER 31, 2005, IN LIGHT OF THE STATUTORY AUDITORS REPORT. 2 APPOINT THE STATUTORY AUDITORS AND THEIR For Did Not Management ALTERNATES AND SET THEIR REMUNERATION. Vote -------------------------------------------------------------------------------- NATURA COSMETICOS SA, SAO PAULO Ticker: Security ID: P7088C106 Meeting Date: MAR 29, 2006 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 12-31-05 2 Approve Capital Budget, Allocation of For For Management Income, Dividends Paid and Interest on Capital 3 Elect Members of Board of Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Designate Newspaper to Publish Meeting For For Management Announcements 1 Approve 5-for-1 Stock Split For For Management 2 Amend Articles 5 and 6 Re: Reflect Stock For For Management Split 3 Amend Article 1 Re: Compliance with For For Management Updates to BOVESPA Novo Mercado Listing Requirements; Consolidation of Amendments 4 Approve Amended and Restated Articles of For For Management Incorporation -------------------------------------------------------------------------------- OBRASCON HUARTE LAIN BRASIL SA Ticker: Security ID: P73376108 Meeting Date: APR 19, 2006 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 12-31-05 2 Approve Allocation of Income and Approve For For Management Capital Budget 3 Elect Members of the Board of Directors For For Management 4 Amend Company Bylaws to Comply with For For Management Updated BOVESPA Regulations Re: Novo Mercado Corporate Governance Practices 5 Approve Remuneration of Directors For For Management 6 Approve Merger by Absorption of For For Management Subsidiary Latina Infraestrutura SA; Authorize Board to to Take All Necessary Measures to Complete the Merger -------------------------------------------------------------------------------- PERDIGAO S.A. Ticker: Security ID: P7704H117 Meeting Date: MAR 8, 2006 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, 2005 and Approve Allocation of Income and Dividends 2 Approve Conversion of the Company's For For Management Preferred Shares into Common Shares for a Ratio of One to One 3 Approve 1:2 Stock Split For For Management 4 Approve Adherence and Listing of the For For Management Company's Shares on Bovespa's Novo Mercado Listing Segment 5 Adopt New Articles of Association For For Management 6 Elect Supervisory Board / Audit Committee For For Management 7 Approve Supervisory Board's Remuneration For For Management -------------------------------------------------------------------------------- PERDIGAO S.A. Ticker: Security ID: P7704H117 Meeting Date: MAR 8, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Conversion of all of the For For Management Company's Preferred Shares into Common Shares -------------------------------------------------------------------------------- S.A.C.I. FALABELLA Ticker: Security ID: P3880F108 Meeting Date: APR 25, 2006 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 Approve Dividends For For Management 4 Elect Directors For For Management 5 Approve Remuneration of Directors For For Management 6 Approve Auditors and Designate Risk For For Management Assessment Companies 7 Designate Newspaper to Publish Meeting For For Management Announcements 8 Approve Special Auditors' Report None None Management Regarding Related-Party Transactions 9 Accept Report of the Directors Committee For For Management 10 Other Business (Voting) For Against Management -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: Security ID: P8228H104 Meeting Date: APR 27, 2006 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 12-31-05 2 Approve Allocation of Income; Transfer For For Management Balance of the Accumulated Profits Account into the Investment Reserves Account 3 Elect Members of the Board of Directors For For Management and Supervisory Board, and Their Respective Alternates -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: Security ID: P8228H104 Meeting Date: JUL 29, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Arts. 17 through 24 Re: For For Management Establishing Audit Committee to Comply with the Sarbanes-Oxley Act of 2002 2 Transact Other Business (Voting) For Against Management -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: SBS Security ID: P8228H104 Meeting Date: JUN 19, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1 Amend Bylaws Re: State Law 12,292 of For For Management March 2, 2006 1.2 Amend Bylaws Re: Adaptation to the For For Management Revised Novo Mercado Regulations 1.3 Amend Bylaws Re: Organizational Structure For Against Management and Legal Defense 1.4 Consolidate Bylaws For Against Management 2 Elect Director to the Board For For Management -------------------------------------------------------------------------------- SABESP, COMPANHIA SANEAMENTO BASICO SAO PAULO Ticker: Security ID: P8228H104 Meeting Date: MAR 27, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For For Management 2 Approve Remuneration of Directors For For Management 3 Other Business For Against Management -------------------------------------------------------------------------------- SUBMARINO S A Ticker: Security ID: P87505114 Meeting Date: MAR 28, 2006 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 Directors For For Management 4 Approve Remuneration of Directors For For Management 5 Adopt New Bylaws in Light of Changes to For Against Management the Novo Mercado Regulations 6 Ratify Acquisition of Travelweb Viagens e For For Management Turismo Ltda. 7 Ratify Special Purpose Contracts with For For Management Cetelem America Ltda and Cetelem Brasil SA Re: Promotion of Financial Products and Services 8 Approve New Stock Option Plan For Against Management -------------------------------------------------------------------------------- SURAMERICANA DE INVERSIONES Ticker: Security ID: P8804Q106 Meeting Date: OCT 25, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Present Report Re: Merger by Absorption For For Management of Confinversiones SA by Company 2 Accept Merger Balance Sheet as of For Against Management 8-31-2005 Re: Merger 3 Approve Merger by Absorption of For Against Management Confinversiones SA by Company 4 Approve Increase in Authorized Capital For Against Management Through Issuance of Shares Re: Merger 5 Amend Articles 4 and 5 to Reflect Changes For Against Management in Capital 6 Authorize Issuance of Shares to Service For Against Management Share Exchange Ratio -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: APR 28, 2006 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 Directors For For Management 4 Elect Supervisory Board Members and Fix For For Management their Remuneration 5 Amend Bylaws Re: New Level 2 Novo Mercado For For Management Listing Regulations -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: AUG 31, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director to the Board in Light of For Did Not Management Resignation Vote -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: DEC 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Remuneration of Directors For For Management 2 Amend Article 14 Re: Establish That for For For Management Shareholders Wishing to Vote by Proxy Must Submit Powers of Attorney 48 Hours Prior to the Meeting -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: FEB 3, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Supervisory Board Member For For Management -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: JAN 11, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Supervisory Board For For Management 2 Approve Remuneration of Supervisory Board For For Management Members 3 Approve Regulations Re: Supervisory Board For For Management -------------------------------------------------------------------------------- TAM SA (FRM. TAM - CIA DE INVESTIMENTOS EM TRANSPORTES TAM Ticker: Security ID: P8947T132 Meeting Date: SEP 29, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Stock Option Plan For Against Management -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 11, 2006 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 12-31-05 2 Approve Allocation of Income, Dividends For For Management and Interest on Capital, and Capital Budget 3 Elect Members to the Board of Directors For For Management 4 Elect Supervisory Board Members and For For Management Alternates 5 Approve Remuneration of Directors and For For Management Supervisory Board -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: APR 28, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Acquisition of HiCorp For For Management Comunicacoes Corporativas S.A. -------------------------------------------------------------------------------- TELE NORTE LESTE PARTICIPACOES (TELEMAR) Ticker: Security ID: P9036X117 Meeting Date: MAR 30, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Accounting Adjustment for For For Management Interest on Capital up to BRL 800 Million for 2006 -------------------------------------------------------------------------------- TELEMAR NORTE LESTE S.A. (FRMRLY. TELERJ) Ticker: Security ID: P9037H103 Meeting Date: APR 11, 2006 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 12-31-05 2 Approve Allocation of Income and For For Management Dividends; Participation to Employees of the Company, and Capital Budget 3 Elect Supervisory Board Members and For For Management Alternates 4 Approve Aggregate Remuneration of For For Management Directors and Supervisory Board -------------------------------------------------------------------------------- TELESP, TELECOMUNICACOES DE SAO PAULO S.A. Ticker: Security ID: P90337117 Meeting Date: MAR 30, 2006 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 12-31-05 2 Approve Allocation of Income for Fiscal For For Management Year 2005 3 Approve Capital Budget for Fiscal Year For For Management 2006 4 Elect Supervisory Board Members For For Management 5 Elect Members of the Board of Directors For For Management 6 Approve Remuneration of Executive For For Management Management, the Board of Directors, and the Supervisory Board -------------------------------------------------------------------------------- TENARIS SA, LUXEMBOURG Ticker: TS Security ID: 88031M109 Meeting Date: JUN 7, 2006 Meeting Type: Annual Record Date: APR 27, 2006 # 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 AND THE POWER TO REPRESENT THE COMPANY AS ADMINISTRATEUR DELEGUE (CHIEF EXECUTIVE OFFICER) TO MR. PAOLO ROCCA. 7 AUTHORIZATION TO THE BOARD OF DIRECTORS For For Management TO APPOINT ANY OR ALL OF ITS MEMBERS AS THE COMPANY S ATTORNEYS-IN-FACT. 8 AUTHORIZATION TO THE BOARD OF DIRECTORS For For Management TO CAUSE THE DISTRIBUTION OF ALL SHAREHOLDER COMMUNICATIONS. 9 BOARD OF DIRECTORS COMPENSATION. For For Management 10 Ratify Auditors For For Management 11 AMENDMENT OF ARTICLE 11 OF THE ARTICLES For For Management OF ASSOCIATION. -------------------------------------------------------------------------------- TRACTEBEL ENERGIA S.A. (FORMERLY CENTRAIS GERADORAS DO SUL B Ticker: Security ID: P9208W103 Meeting Date: APR 26, 2006 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1a Amend Articles 1, 13, 16, 20, 21, 29, 30, For For Management 32, 35, 36, 37, 38, and 41 Re: Compliance with Novo Mercado Regulations 1.1b Amend Paragraph 15 of Article 19 and For For Management Paragraphs 2 and 3 of Article 30 Re: Preparation of Six-Month Period Financial Statements and Authorization to the Board to Pay Interim Dividends 1.2 Other Business For Against Management 2 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-05 3 Approve Allocation of Income and For For Management Dividends 4 Approve Employee Profit Sharing For Against Management Distribution for 2005 5 Approve Global Remuneration of Directors For For Management 6 Elect Member of the Board of Directors For For Management and Alternates 7 Elect Supervisory Board Members and For For Management Alternates 8 Other Business For Against Management -------------------------------------------------------------------------------- URBI DESARROLLOS URBANOS S ADE C V Ticker: Security ID: P9592Y103 Meeting Date: APR 28, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Subdivision of Shares For Against Management 2 Amend Articles Re: Reflect Change in For Against Management Number of Shares in Article 8 as a Result of Share Subdivision in Item 1 3 Accept Financial Statements and Statutory For For Management Reports 4 Elect Directors, Supervisory Board For For Management Members, and Respective Alternates; Approve Their Remuneration 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 -------------------------------------------------------------------------------- VIVAX SA Ticker: Security ID: P9802C123 Meeting Date: APR 28, 2006 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 Approve Remuneration of Directors For For Management 4 Elect Directors to Fill Vacancies For For Management 5 Amend Article 5 to Increase in Capital For For Management from BRL 419 Million to BRL 478 Million through the Issuance of 2.4 Million Common Shares and 4.8 Million Preferred Shares 6 Consolidate Bylaws For Against Management -------------------------------------------------------------------------------- VIVO PARTICIPACOES SA (FRMLY TELESP CELULAR PARTICIPACOES) Ticker: TCP Security ID: 87952L108 Meeting Date: FEB 22, 2006 Meeting Type: Special Record Date: DEC 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO APPROVE THE FINANCIAL STATEMENTS OF For For Management TELESP CELULAR PARTICIPACOES S.A. DATED AS OF SEPTEMBER 30, 2005. 2 TO APPROVE A CAPITAL REDUCTION FOR THE For For Management PURPOSES OF ABSORBING THE EXISTING LOSSES WITH POSSIBILITY OF DISTRIBUTING DIVIDENDS. 3 TO APPROVE THE TERMS AND CONDITIONS OF For For Management (I) THE MERGER, OF ALL SHARES OF TCO, IN ORDER TO CONVERT IT INTO A WHOLLY-OWNED SUBSIDIARY; AND (II) THE MERGER, INTO THE COMPANY, TSD, TLE AND CRTPART. 4 TO RATIFY THE APPOINTMENT OF TCO, TSD, For For Management TLE AND CRTPART (I) THE FIRM DELOITTE TOUCHE TOHMATSU, FOR PREPARATION OF THE STATUTORY BOOK VALUE REPORT, (II) THE SPECIALIZED FIRM OF GOLDMAN SACHS & COMPANHIA, FOR THE VALUATION OF THE SHAREHOLDERS EQUITY AND (II 5 TO APPROVE THE REPORTS REFERRED TO IN For For Management ITEM (D) ABOVE. 6 TO APPROVE THE EXCHANGE RATIO OF THE For For Management SHARES ISSUED BY TCO, TSD, TLE AND CRTPART FOR SHARES TO BE ISSUED BY THE COMPANY. 7 TO APPROVE A CAPITAL INCREASE IN For For Management CONNECTION WITH THE MERGER 8 TO CHANGE THE CORPORATE NAME OF THE For For Management COMPANY TO VIVO PARTICIPACOES S.A. -------------------------------------------------------------------------------- VIVO PARTICIPACOES SA (FRMLY TELESP CELULAR PARTICIPACOES) Ticker: TCP Security ID: 87952L108 Meeting Date: SEP 28, 2005 Meeting Type: Special Record Date: AUG 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO AMEND THE WORDING OF ARTICLE 9 OF THE For For Management BYLAWS, WHICH SHALL HEREINAFTER READ AS FOLLOWS: ART. 9 - THE EXECUTION OF AGREEMENTS WITH RELATED PARTIES THE TERMS AND CONDITIONS OF WHICH ARE MORE BURDENSOME TO THE COMPANY THAN THOSE USUALLY ADOPTED ON THE MA -------------------------------------------------------------------------------- WAL-MART DE MEXICO S.A. DE C.V. (FRMRLY. CIFRA S.A.) Ticker: WMMVF Security ID: P98180105 Meeting Date: FEB 28, 2006 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Chairman's Report For For Management 2 Accept Audit Committe'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 2005 5 Present Report on the Share Repurchase For For Management Reserves 6 Approve Cancellation of 201.5 Million For For Management Company Treasury Shares 7 Approve Modifications to Article 5 in the For For Management Bylaws Re: Changes in Variable and Fixed Capital 8 Approve Allocation of Income For For Management 9 Approve Dividend of MXN 0.38 per Share or For For Management Stock Calculated as of March 22, 2006 10 Approve MXN 3.28 Million Variable Capital For For Management Increase Through Issuance of 164.3 Million Common Shares To Be Paid Back as Dividends at MXN 20 per Share 11 Accept Report Re: Employee Stock Purchase 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 Ratify 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 Chief Executive Officer Date: August 25, 2006