Structured Financing for working capital needs by Banco Latinoamericano de Comercio Exterior ("Bladex")

BLADEX (Banco Latinoamericano de Exportaciones) approved a Short Term Credit Line for US$25 Million, to Agrosilo Santa Catalina S.A., main operating Branch of “Grupo Favero This transaction will enable the Company to finace its growing working capital requirements The Grupo Favero is the largest Capital Group operating in the Agribusiness network in Paraguay Alpax acted as exclusive financial advisor to Grupo Favero