Privatizations.

PRIVATIZATIONS

SECTOR           PROJECT                    DESCRIPTION

AVIATION

CHILE            Region I airport           20-year concession to
                                            upgrade and operate
                                            the airport in Arica

COLOMBIA         El Dorado                  Concession to upgrade and
                 International              operate the airport in
                 Airport                    Bogota

BANKING

BRAZIL           Bemat                      Sale of state bank of
                                            Mato Grosso

COLOMBIA         Bancafe                    Details pending

ENERGY

BOLIVIA          Oil exploration licenses   Concessions for exploration

BRAZIL           Oil projects Round 5       Concessions for exploration,
                                            development and production

ECUADOR          Oil projects Round 9       Concessions for exploration
                                            and production

MEXICO           Altamira V power project   25-year concession to build
                                            and operate

MEXICO           Tazamunchale generation    Operating concession
                 project

INFRASTRUCTURE

CHILE            Chiloe bridge              36-year concession to build
                                            and operate the bridge

COLOMBIA         Girardot-Ibague highway    Concession to build and
                                            operate.

COSTA RICA       San Jose-Cartago highway   Concession to upgrade and
                                            operate

MINING

BOLIVIA          El Mutun                   Sale of the iron ore
                                            deposit

COLOMBIA         Galerazamba, Nemocon,      30-year concessions to
                 Upin and Zipaquira         operate the salt mines

PORTS

ECUADOR          Guayaquil                  Operating concession

EL SALVADOR      La Union port complex      Concession for construction
                                            and operation

URUGUAY          Montevideo                 30-year concession to build
                                            and operate a multipurpose
                                            terminal
TELECOM

NICARAGUA        Enitel                     Sale of 49% of the company

WATER

BRAZIL           Aguas de Petrolina         25-year operating
                                            concession

CHILE            Convento Viejo             30-year concession to build
                 irrigation dam             and operate

SECTOR          DEADLINE           INSTITUTION        CONTACT

AVIATION

CHILE           08/2003            MOP                David Guzman

COLOMBIA        Pending            Aeronautica Civil  Juan Carlos Velez

BANKING

BRAZIL          Pending            Central Bank       Carlos de Freitas

COLOMBIA        Pending            Fogafin            Juan Pablo
                                                      Cordoba

ENERGY

BOLIVIA         08/2003            YPFB               Juan Lopez

BRAZIL          08/2003            ANP                Sandro Rosito
                                                      Mercio

ECUADOR         Pending            Petroecuador       Rodrigo Guerrero

MEXICO          09/26/2003         CFE                Jose Cervera

MEXICO          12/05/2003         CFE                Gerardo Vargas

INFRASTRUCTURE

CHILE           08/29/2003         MOP                Nelson Belmar

COLOMBIA        IIIQ/2003          Ministry of        Juan Ricardo
                                   Transport          Noero

COSTA RICA      12/2003            CNC                Olman Elizondo

MINING

BOLIVIA         Pending            Comibol            Osvaldo Ramirez

COLOMBIA        IIIQ/2003          Minercol           Hector Piedrahita

PORTS

ECUADOR         IIIQ/2003          APG                Jorge Fierro

EL SALVADOR     Pending            CEPA               Cesar Miranda

URUGUAY         08/2003            ANP                Jose Aguerre

TELECOM

NICARAGUA       09/30/2003         Enitel             Carlos Fernandez

WATER

BRAZIL          07/31/2003         PMP                Ruben Tranca

CHILE           IIIQ/2003          MOP                Eduardo Bartholin

SECTOR          PHONE              FAX

AVIATION

CHILE           [56](2)361.2001    [56](2)361.2001

COLOMBIA        [57](1)425.1000    [57](1)425.1000

BANKING

BRAZIL          [55](61)414.1595   [55](61)414.1971

COLOMBIA        [57](1)339.4240    [57](1)285.8587

ENERGY

BOLIVIA         [591](2)235.6543   [591](2)235.6543

BRAZIL          [55](21)3804.0200  [55](21)3804.0202

ECUADOR         [593](2)226.6536   [593](2)226.6536

MEXICO          [52](55)5229.4400  [52](55)5229.4400

MEXICO          [52](55)5229.4400  [52](55)5229.4400

INFRASTRUCTURE

CHILE           [56](2)361.3102    [56](2)361.3102

COLOMBIA        [57](1)324.0800    [57](1)324.0800

COSTA RICA      [506]299.2902      [506]299.2903

MINING

BOLIVIA         [591](2)237.4724   [591](2)237.0780

COLOMBIA        [57](1)222.4555    [57](1)222.3651

PORTS

ECUADOR         [593](4)480.459    [593](4)481.130

EL SALVADOR     [503]452.3326      [503]452.4001

URUGUAY         [598](2)916.2106   [598](2)916.2106

TELECOM

NICARAGUA       [505]277.4062      [505]277.0332

WATER

BRAZIL          [55](87)3862.9110  [55](87)3862.9110

CHILE           [56](2)361.2641    [56](2)361.2641

NOTE: Dates and requirements are subject to change. LATIN TRADE
accepts no responsibility for any changes. Further information can
be obtained only by contacting the relevant parties.