FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15b-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2017
Commission File Number 001-35591
GRAÑA Y MONTERO S.A.A.
(Exact name of registrant as specified in its charter)
GRAÑA Y MONTERO GROUP
(Translation of registrant's name into English)
Republic of Peru
(Jurisdiction of incorporation or organization)
Avenida Paseo de la República 4667, Lima 34,
Surquillo, Lima
Peru
(
Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X____ Form 40-F _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___
X
____
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
Appendix: Profits & Losses Statement per Company
Figures in Thousands of S/.
|
|
Engineering & Construction
|
|
|
Infrastructure
|
|
|
Real Estate
|
|
|
Technical Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Results
(Thousands of S/.)
|
|
GYM
|
|
|
GMI
|
|
|
GMP
|
|
|
NORVIAL
|
|
|
SURVIAL
|
|
|
CANCH
|
|
|
GYM FERROVIAS
|
|
|
LA CHIRA
|
|
|
Viva GyM
|
|
|
GMD
|
|
|
ADEXUS
|
|
|
CONCAR
|
|
|
CAM
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOLD SPA
|
|
Revenues
|
|
|
3,607,473
|
|
|
|
123,313
|
|
|
|
382,211
|
|
|
|
216,260
|
|
|
|
29,745
|
|
|
|
8,703
|
|
|
|
247,040
|
|
|
|
18,459
|
|
|
|
411,518
|
|
|
|
297,941
|
|
|
|
114,045
|
|
|
|
262,720
|
|
|
|
653,450
|
|
GROSS PROFIT
|
|
|
223,352
|
|
|
|
21,793
|
|
|
|
42,129
|
|
|
|
72,404
|
|
|
|
(2,562
|
)
|
|
|
4,479
|
|
|
|
42,474
|
|
|
|
5,698
|
|
|
|
136,539
|
|
|
|
49,204
|
|
|
|
15,791
|
|
|
|
45,334
|
|
|
|
76,059
|
|
General Expenses
|
|
|
(235,055
|
)
|
|
|
(16,125
|
)
|
|
|
(14,848
|
)
|
|
|
(5,707
|
)
|
|
|
(2,333
|
)
|
|
|
(1,917
|
)
|
|
|
(12,951
|
)
|
|
|
(787
|
)
|
|
|
(28,430
|
)
|
|
|
(24,233
|
)
|
|
|
(17,933
|
)
|
|
|
(24,900
|
)
|
|
|
(46,617
|
)
|
Other Operational Expenses
|
|
|
44,586
|
|
|
|
1,103
|
|
|
|
(1,898
|
)
|
|
|
125
|
|
|
|
2
|
|
|
|
-
|
|
|
|
10
|
|
|
|
-
|
|
|
|
838
|
|
|
|
104
|
|
|
|
57
|
|
|
|
135
|
|
|
|
4,055
|
|
Profit from sale of investment
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
OPERATIONAL INCOME
|
|
|
32,883
|
|
|
|
6,771
|
|
|
|
25,383
|
|
|
|
66,822
|
|
|
|
(4,893
|
)
|
|
|
2,562
|
|
|
|
29,533
|
|
|
|
4,911
|
|
|
|
108,947
|
|
|
|
25,075
|
|
|
|
(2,326
|
)
|
|
|
20,569
|
|
|
|
33,497
|
|
Financial Expenses
|
|
|
(40,690
|
)
|
|
|
(789
|
)
|
|
|
(8,627
|
)
|
|
|
(3,134
|
)
|
|
|
(8
|
)
|
|
|
(863
|
)
|
|
|
977
|
|
|
|
68
|
|
|
|
(8,709
|
)
|
|
|
(9,025
|
)
|
|
|
(5,561
|
)
|
|
|
(62
|
)
|
|
|
(12,580
|
)
|
Participation in Associates
|
|
|
17,586
|
|
|
|
-
|
|
|
|
1,629
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
6,850
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
360
|
|
Exchange rate difference
|
|
|
(6,378
|
)
|
|
|
(744
|
)
|
|
|
811
|
|
|
|
(106
|
)
|
|
|
(740
|
)
|
|
|
(138
|
)
|
|
|
4,250
|
|
|
|
(20
|
)
|
|
|
(2,864
|
)
|
|
|
(733
|
)
|
|
|
257
|
|
|
|
230
|
|
|
|
1,551
|
|
PRETAX INCOME
|
|
|
3,401
|
|
|
|
5,238
|
|
|
|
19,196
|
|
|
|
63,582
|
|
|
|
(5,641
|
)
|
|
|
1,561
|
|
|
|
34,760
|
|
|
|
4,960
|
|
|
|
104,223
|
|
|
|
15,317
|
|
|
|
(7,630
|
)
|
|
|
20,737
|
|
|
|
22,828
|
|
Taxes
|
|
|
(8,516
|
)
|
|
|
(1,600
|
)
|
|
|
(5,872
|
)
|
|
|
(16,262
|
)
|
|
|
1,741
|
|
|
|
(671
|
)
|
|
|
(10,904
|
)
|
|
|
(1,433
|
)
|
|
|
(27,054
|
)
|
|
|
(7,466
|
)
|
|
|
2,505
|
|
|
|
(6,723
|
)
|
|
|
(8,164
|
)
|
Minority Interests
|
|
|
3,714
|
|
|
|
(386
|
)
|
|
|
(2,664
|
)
|
|
|
(15,616
|
)
|
|
|
0
|
|
|
|
(0
|
)
|
|
|
(5,964
|
)
|
|
|
-
|
|
|
|
(55,064
|
)
|
|
|
(859
|
)
|
|
|
460
|
|
|
|
358
|
|
|
|
(3,282
|
)
|
NET INCOME
|
|
|
(1,401
|
)
|
|
|
3,252
|
|
|
|
10,660
|
|
|
|
31,704
|
|
|
|
(3,900
|
)
|
|
|
890
|
|
|
|
17,892
|
|
|
|
3,527
|
|
|
|
22,105
|
|
|
|
6,992
|
|
|
|
(4,666
|
)
|
|
|
14,372
|
|
|
|
11,382
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization
|
|
|
8,393
|
|
|
|
1,104
|
|
|
|
42,857
|
|
|
|
10,675
|
|
|
|
0
|
|
|
|
0
|
|
|
|
42
|
|
|
|
0
|
|
|
|
235
|
|
|
|
9,196
|
|
|
|
4,498
|
|
|
|
499
|
|
|
|
4,841
|
|
Depreciation
|
|
|
119,476
|
|
|
|
1,763
|
|
|
|
29,611
|
|
|
|
188
|
|
|
|
167
|
|
|
|
26
|
|
|
|
31
|
|
|
|
2
|
|
|
|
5,390
|
|
|
|
16,506
|
|
|
|
5,713
|
|
|
|
5,893
|
|
|
|
13,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
178,338
|
|
|
|
9,638
|
|
|
|
99,480
|
|
|
|
77,685
|
|
|
|
(4,726
|
)
|
|
|
2,588
|
|
|
|
90,546
|
|
|
|
4,913
|
|
|
|
166,664
|
|
|
|
50,778
|
|
|
|
7,885
|
|
|
|
26,961
|
|
|
|
51,255
|
|
Appendix: Balance Sheet per Company
Figures in Thousands of S/.
|
|
Engineering & Construction
|
|
|
Infrastructure
|
|
|
Real Estate
|
|
|
Technical Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet
|
|
GYM
|
|
|
GMI
|
|
|
GMP
|
|
|
NORVIAL
|
|
|
SURVIAL
|
|
|
CANCH
|
|
|
GYM FERROVIAS
|
|
|
LA CHIRA
|
|
|
Viva GyM
|
|
|
GMD
|
|
|
ADEXUS
|
|
|
CONCAR
|
|
|
CAM
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOLD SPA
|
|
Cash and Cash Equivalents
|
|
|
87,294
|
|
|
|
6,249
|
|
|
|
35,396
|
|
|
|
95,418
|
|
|
|
10,444
|
|
|
|
4,136
|
|
|
|
139,414
|
|
|
|
3,230
|
|
|
|
58,892
|
|
|
|
8,065
|
|
|
|
8,637
|
|
|
|
15,846
|
|
|
|
20,245
|
|
Other Current Assets
|
|
|
2,484,151
|
|
|
|
65,227
|
|
|
|
161,658
|
|
|
|
12,420
|
|
|
|
34,689
|
|
|
|
2,642
|
|
|
|
157,494
|
|
|
|
17,641
|
|
|
|
1,058,173
|
|
|
|
133,342
|
|
|
|
99,772
|
|
|
|
138,356
|
|
|
|
288,180
|
|
Current Assets
|
|
|
2,571,445
|
|
|
|
71,476
|
|
|
|
197,054
|
|
|
|
107,838
|
|
|
|
45,133
|
|
|
|
6,778
|
|
|
|
296,908
|
|
|
|
20,871
|
|
|
|
1,117,065
|
|
|
|
141,407
|
|
|
|
108,408
|
|
|
|
154,202
|
|
|
|
308,425
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non Current Assets
|
|
|
1,183,414
|
|
|
|
14,794
|
|
|
|
360,969
|
|
|
|
467,449
|
|
|
|
5,050
|
|
|
|
154
|
|
|
|
857,368
|
|
|
|
8,310
|
|
|
|
113,595
|
|
|
|
113,590
|
|
|
|
133,116
|
|
|
|
34,835
|
|
|
|
128,973
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
|
3,754,859
|
|
|
|
86,270
|
|
|
|
558,023
|
|
|
|
575,287
|
|
|
|
50,183
|
|
|
|
6,932
|
|
|
|
1,154,276
|
|
|
|
29,181
|
|
|
|
1,230,660
|
|
|
|
254,997
|
|
|
|
241,524
|
|
|
|
189,037
|
|
|
|
437,398
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
Borrowings
|
|
|
576,033
|
|
|
|
384
|
|
|
|
82,063
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
206,456
|
|
|
|
25,150
|
|
|
|
52,662
|
|
|
|
3,014
|
|
|
|
73,431
|
|
Other Current Liabilities
|
|
|
1,948,542
|
|
|
|
50,501
|
|
|
|
85,510
|
|
|
|
49,721
|
|
|
|
10,847
|
|
|
|
1,478
|
|
|
|
92,064
|
|
|
|
1,926
|
|
|
|
309,326
|
|
|
|
142,959
|
|
|
|
87,687
|
|
|
|
76,468
|
|
|
|
176,160
|
|
Current Liabilities
|
|
|
2,524,575
|
|
|
|
50,885
|
|
|
|
167,573
|
|
|
|
49,721
|
|
|
|
10,847
|
|
|
|
1,478
|
|
|
|
92,064
|
|
|
|
1,926
|
|
|
|
515,782
|
|
|
|
168,109
|
|
|
|
140,349
|
|
|
|
79,482
|
|
|
|
249,591
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrowings
|
|
|
245,966
|
|
|
|
349
|
|
|
|
80,657
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
16,541
|
|
|
|
12,099
|
|
|
|
25,504
|
|
|
|
2,510
|
|
|
|
35,479
|
|
Other Non Current Liabilities
|
|
|
180,602
|
|
|
|
0
|
|
|
|
22,307
|
|
|
|
339,661
|
|
|
|
0
|
|
|
|
493
|
|
|
|
934,185
|
|
|
|
23,728
|
|
|
|
87,638
|
|
|
|
14,160
|
|
|
|
18,006
|
|
|
|
44,373
|
|
|
|
54,398
|
|
Non Current Liabilities
|
|
|
426,568
|
|
|
|
349
|
|
|
|
102,964
|
|
|
|
339,661
|
|
|
|
-
|
|
|
|
493
|
|
|
|
934,185
|
|
|
|
23,728
|
|
|
|
104,179
|
|
|
|
26,259
|
|
|
|
43,510
|
|
|
|
46,883
|
|
|
|
89,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
|
2,951,143
|
|
|
|
51,234
|
|
|
|
270,537
|
|
|
|
389,382
|
|
|
|
10,847
|
|
|
|
1,971
|
|
|
|
1,026,249
|
|
|
|
25,654
|
|
|
|
619,961
|
|
|
|
194,368
|
|
|
|
183,859
|
|
|
|
126,365
|
|
|
|
339,468
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity attributable to controlling interest in the Company
|
|
|
687,393
|
|
|
|
31,326
|
|
|
|
266,532
|
|
|
|
124,556
|
|
|
|
39,332
|
|
|
|
4,959
|
|
|
|
96,020
|
|
|
|
3,527
|
|
|
|
234,449
|
|
|
|
53,095
|
|
|
|
52,493
|
|
|
|
62,514
|
|
|
|
67,448
|
|
Non-controlling Interest
|
|
|
116,322
|
|
|
|
3,710
|
|
|
|
20,954
|
|
|
|
61,349
|
|
|
|
4
|
|
|
|
2
|
|
|
|
32,007
|
|
|
|
-
|
|
|
|
376,250
|
|
|
|
7,535
|
|
|
|
5,173
|
|
|
|
158
|
|
|
|
30,482
|
|
Total Equity
|
|
|
803,715
|
|
|
|
35,036
|
|
|
|
287,486
|
|
|
|
185,905
|
|
|
|
39,336
|
|
|
|
4,961
|
|
|
|
128,027
|
|
|
|
3,527
|
|
|
|
610,699
|
|
|
|
60,630
|
|
|
|
57,665
|
|
|
|
62,672
|
|
|
|
97,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Equity
|
|
|
3,754,859
|
|
|
|
86,270
|
|
|
|
558,023
|
|
|
|
575,287
|
|
|
|
50,183
|
|
|
|
6,932
|
|
|
|
1,154,276
|
|
|
|
29,181
|
|
|
|
1,230,660
|
|
|
|
254,998
|
|
|
|
241,524
|
|
|
|
189,037
|
|
|
|
437,398
|
|
Appendix: Backlog Report to December 2016
Figures in Thousands of US$
Company
|
Initial Backlog
|
Executed Backlog
|
New Requests
|
Total
Backlog
|
Annual Backlog
|
|
Inicial
|
Ejecutado
|
TOTAL
|
1Q - 2016
|
2Q - 2016
|
3Q - 2016
|
4Q - 2016
|
Total
|
2017
|
2018
|
2019+
|
GyM
|
1,734,335
|
525,536
|
-354,528
|
48,837
|
286,062
|
108,836
|
-798,263
|
854,271
|
500,304
|
271,180
|
82,788
|
STRACON GYM
|
1,147,838
|
363,761
|
36,169
|
7,110
|
11,873
|
11,901
|
5,285
|
820,246
|
211,773
|
156,138
|
452,334
|
VyV-DSD
|
37,831
|
53,743
|
61,585
|
7,932
|
-2,515
|
63,741
|
-7,573
|
45,673
|
45,673
|
0
|
0
|
MORELCO
|
163,804
|
96,222
|
132,289
|
663
|
96,089
|
58,959
|
-23,424
|
199,871
|
67,300
|
81,275
|
51,295
|
CAM PERU
|
11,362
|
16,170
|
5,305
|
3,871
|
1,356
|
-237
|
314
|
496
|
337
|
150
|
9
|
GMI
|
34,261
|
36,700
|
59,777
|
5,301
|
13,453
|
8,811
|
32,212
|
57,338
|
32,724
|
24,614
|
0
|
ENGINEERING & CONSTRUCTION
|
3,129,431
|
1,092,132
|
-59,404
|
73,714
|
406,318
|
252,012
|
-791,449
|
1,977,896
|
858,111
|
533,358
|
586,427
|
SURVIAL
|
24,205
|
8,853
|
25,466
|
2,263
|
2,134
|
2,112
|
18,957
|
40,819
|
22,501
|
9,022
|
9,296
|
CANCHAQUE
|
15,227
|
2,590
|
3,680
|
686
|
594
|
378
|
2,022
|
16,317
|
10,367
|
2,950
|
3,000
|
LA CHIRA
|
5,308
|
5,494
|
3,071
|
-1,197
|
3,178
|
857
|
233
|
2,885
|
933
|
961
|
990
|
LINEA 1 METRO DE LIMA
|
211,758
|
73,524
|
102,461
|
-4,164
|
23,112
|
9,581
|
73,933
|
240,696
|
61,954
|
79,261
|
99,481
|
INFRASTRUCTURE
|
256,498
|
90,460
|
134,679
|
-2,412
|
29,018
|
12,928
|
95,144
|
300,716
|
95,755
|
92,194
|
112,767
|
VIVA GYM
|
111,038
|
122,476
|
107,290
|
45,160
|
18,412
|
11,359
|
32,358
|
95,852
|
88,118
|
6,433
|
1,300
|
REAL ESTATE
|
111,038
|
122,476
|
107,290
|
45,160
|
18,412
|
11,359
|
32,358
|
95,852
|
88,118
|
6,433
|
1,300
|
GMD
|
119,427
|
88,673
|
94,978
|
24,433
|
20,204
|
22,086
|
28,255
|
125,732
|
62,877
|
36,439
|
26,415
|
ADEXUS
|
0
|
33,942
|
106,546
|
0
|
0
|
81,970
|
24,576
|
72,604
|
34,922
|
18,852
|
18,830
|
CONCAR
|
128,742
|
78,190
|
167,691
|
117,193
|
7,324
|
6,216
|
36,958
|
218,243
|
97,030
|
51,160
|
70,054
|
CAM
|
364,867
|
221,519
|
297,864
|
172,500
|
12,813
|
51,754
|
60,797
|
441,211
|
186,651
|
133,718
|
120,843
|
TECHNICAL SERVICES
|
613,036
|
422,325
|
667,079
|
314,126
|
40,341
|
162,026
|
150,586
|
857,790
|
381,480
|
240,169
|
236,142
|
Eliminations
|
-72,196
|
-48,367
|
-71,049
|
-36,693
|
3,329
|
2,632
|
-40,317
|
-94,878
|
-32,354
|
-31,576
|
-30,948
|
TOTAL
|
4,037,807
|
1,679,025
|
778,595
|
393,896
|
497,419
|
440,957
|
-553,677
|
3,137,376
|
1,391,110
|
840,577
|
905,688
|
Appendix: Recurrent Businesses Report to December 2016
Figures in Thousands of US$
Company
|
Initial
|
Executed
|
New Requests
|
Total
|
Annual
|
|
|
|
TOTAL
|
1Q - 2016
|
2Q - 2016
|
3Q - 2016
|
4Q - 2016
|
|
2017
|
2018
|
2019+
|
GMP
|
327,080
|
113,753
|
261,163
|
18,586
|
55,699
|
29,359
|
157,519
|
474,490
|
139,881
|
156,637
|
177,972
|
NORVIAL
|
147,274
|
64,363
|
160,716
|
46,609
|
11,107
|
51,818
|
51,182
|
243,627
|
71,977
|
91,261
|
80,388
|
Eliminations
|
-26,117
|
-54,973
|
-54,169
|
-10,657
|
-444
|
-19,806
|
-23,260
|
-25,313
|
-8,438
|
-8,438
|
-8,438
|
TOTAL
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
448,237
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
4,486,044
|
1,802,169
|
1,146,305
|
448,434
|
563,780
|
502,327
|
-368,237
|
3,830,180
|
1,594,531
|
1,080,038
|
1,155,611
|
/s/
Claudia Drago Morante
___________________________
Claudia Drago Morante
Stock Market Representative
Graña y Montero S.A.A.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
GRAÑA Y MONTERO S.A.A.
By: /s/ CLAUDIA DRAGO MORANTE
Name: Claudia Drago Morante
Title: Stock Market Representative
January 31, 2017