Company Marbella Country Club S.A.

Marbella Country Club SA is a Chile-based company principally engaged, together with its subsidiaries, in the real estate sector. The Company’s activities include the acquisition and exploitation of non-residential properties, where the Company performs the development and management of sports clubs and recreational facilities. The Company owns a 27-hole golf course, tennis courts, a swimming pool and a soccer field, as well as such other sporting and leisure facilities as a sauna, a fitness hall, restaurants and bars. As of December 31, 2011, Fondo de Inversion Privado Marbella Chile was the Company’s majority shareholder with 71.49% of its interest.