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Securities Laws
Notice:
To the extent
this offering may include shares
of stock of Agroganadera Pinilla,
S.A.: (a) such shares have not
been registered under
the
United States Securities Act
of 1933, as amended, or any U.S.
state securities laws or the
laws of any foreign
jurisdiction, (b) such
shares are
not intended for the
Costa Rican public or market,
are not and will not registered
before the Costa Rican General
Superintendence
of Securities (“SUGEVAL”), and
do not constitute a public
offering of securities in Costa
Rica, (c) this is an individual
and private offer
which is made in Costa Rica upon
reliance on an exemption from
registration before SUGEVAL,
pursuant to articles 7 and 8 of
the
Regulations on the Public
Offering
of Securities (“Reglamento
sobre Oferta Pública de Valores”),
(c) there will be no public
market for such
shares, and (d) an investment in
such shares involves a high
degree of risk and should be
considered only by sophisticated
investors
who can bear the economic risks
for
an indefinite period and who
can afford to sustain a total
loss of their investment.
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