Terms and Conditions of Site Usage

The use of this website ("medium") is governed by the terms and conditions detailed below and it may be amended by ANDEAN DEVELOPMENT CORPORATION ("Corporation") without notice.

By using this medium, you agree to these terms and conditions.

The Corporation maintains this medium for informational purposes only. All information herein is subject to changes, improvements, additions, clarifications or substitutions that the Corporation may make at its own discretion.

Quotations or references to the information from other websites or publications must mention the source. It is not permitted to transfer, copy, reproduce or print the content contained herein for commercial purposes.

This medium includes work and documents prepared by third parties, including, without limitation, those prepared by outside consultants or not part of the Corporation, and risk rating reports issued by Fitch Ratings, Moody's Investors Service and Standard & Poor's. All the material is provided for informational purposes only. The Corporation does not express any opinion regarding the information contained in these works or documents.

The Corporation does not assume any responsibility for the information presented in these works and documents. The use of these is subject to the terms and conditions set out in its contents.

This medium includes links to third party sites. The addresses listed are not under the control of the corporation, who is not responsible for the contents developed there. The Corporation is providing these links as a service to users of its site, and its listings do not imply endorsement or approval of the materials or opinions published in them.

Use of external media outside the Corporation is at the risk of the user. Users who access external medium assume full responsibility for compliance with local laws and regulations, including not accessing materials of the medium in any jurisdiction where their content is or may be illegal.

All information published in this medium is provided "as is" in terms which it is expressed, without any expressed or implied warranties, including but not limited to, warranties of fitness, merchantability, compliance with standards or requirements or applicability for any specific purpose.

Additionally, under no circumstances shall the Corporation be responsible for losses, damages, liabilities or expenses incurred or assumed as a result of the use of external websites, including without limitation, those arising from communications failures or computer malfunction (such as, but not limited to, the transfer of viruses, worms, Trojan horses or other code that may affect or change the behavior of equipment).

The user expressly agrees that the Corporation is not responsible for the user's conduct or the use of materials from this or any other medium.

As a condition agreed to before using this medium, the user agrees to indemnify the Corporation against any and all actions, losses, damages, liabilities, costs and expenses (including legal fees) resulting from the use of its contents. If the user is dissatisfied with the medium or the materials contained therein, his/her sole remedy will be to discontinue use.

This medium and its contents should not be construed, expressly or implicitly, as a recommendation, advice, offer, solicitation of any offer or solicitation of investment or acquisition or sale of securities, whether in financial instruments issued by third parties or by the Corporation.

In particular, all material in relation to financial instruments issued by the Corporation must be read jointly with other relevant documents, including without limitation the respective supplementary prospectus, in so far as applicable. These financial instruments may be subject to sale restrictions in various jurisdictions and their sale may be prohibited or restricted to certain persons or entities.

Any information about financial instruments is provided solely for informational purposes. Investors wishing to invest in instruments issued by the Corporation should consult their own financial advisors, legal, tax and other related advisors on any and all aspect related to the acquisition, including but not limited to, the risks of such investment, its considerations and suitability.

Users of electronic bulletin boards, chat rooms, access to mailing lists or other means of communication that are part of this medium to send messages or communications (collectively know as "forums") may not engage in illegal unlawful or defamatory practices and shall observe these terms and conditions of use.

The user is aware that forums and all communications in these forums are public and not private, and that they are not endorsed or approved by the Corporation. The Corporation reserves the right, at any time and without notice, to eliminate material sent to the forums and/or the forums themselves.

The Corporation reserves the right to deny in its sole discretion any user access to this medium without notice.

Any legal action in relation to the medium or its content which a user or third party wishes to bring shall be filed exclusively in the competent courts of the Bolivarian Republic of Venezuela.

Nothing in this medium can or should be construed as a waiver of immunities, exemptions and privileges granted to the Corporation by its Charter or by agreements in effect now or in the future between the Corporation and its shareholder countries.