Bustamante Fabara

BUSTAMANTE FABARA is pleased to announce the promotion of Sofía Gordillo to Director. This appointment recognizes her solid professional trajectory, her technical expertise and the consistent contribution she has made to the Firm and to the service provided to its clients. This promotion reflects the Firm’s ongoing efforts to strengthen its Tax practice and to continue developing its internal talent, in line with its long-term vision.   About Sofía Gordillo Sofía has over a decade of experience in tax law, eight years of which she has developed at BUSTAMANTE FABARA, within the Firm’s Tax department, contributing to its continued growth. She advises clients from various sectors on local and international tax planning and has extensive experience in the defense of taxpayers in administrative and tax litigation proceedings, including complex tax assessment processes. She is co-author of the “Manual de Derecho Tributario Formal” and has been recognized since 2024 as an “Associate to Watch in Tax” by Chambers & Partners, as a “Leading Associate in Tax” by Legal 500, and as a “Notable Practitioner in Corporate General Tax” by ITR World Tax. The promotion of Sofía to Director reflects BUSTAMANTE FABARA’s commitment to fostering professional growth and strengthening its leadership for the future.   About BUSTAMANTE FABARA BUSTAMANTE FABARA has established itself as a benchmark and leader in the provision of legal services in Ecuador and Latin America. Our team, consisting of more than 125 multidisciplinary lawyers and over 190 collaborators, provides legal solutions across more than 25 practice areas to local and international clients.   For more information please contact: María José Sotomayor Director of Marketing and Communication BUSTAMANTE FABARA [email protected]

Quito, Ecuador – November 6, 2025 – BUSTAMANTE FABARA proudly announces that it has acted as Ecuadorian legal counsel to Millicom International Cellular S.A. (“Millicom”, brand “Tigo”) in the USD 380 million acquisition of Telefónica S.A.’s Ecuadorian operations (brand “Movistar”) — a landmark transaction that officially closed on October 30th. This deal represents a transformative moment for Ecuador’s telecommunications sector, reinforcing Millicom’s regional leadership and digital expansion strategy. With approximately 5 million customers and a 28% market share, Movistar Ecuador constitutes a strategic asset in a dollarized economy with strong growth fundamentals. The firm’s multidisciplinary team — led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo — provided comprehensive legal counsel throughout all stages of the transaction, from negotiation and due diligence to regulatory approvals and closing. Looking ahead, BUSTAMANTE FABARA will continue to advise Millicom on post-closing integration and regulatory matters. This strategic acquisition aligns with broader trends across Latin America, where Telefónica continues to optimize its portfolio by reducing its regional exposure, while Millicom expands its investment in key markets with stable growth prospects. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Millicom Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.   Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – June 10, 2026 – BUSTAMANTE FABARA is pleased to announce its role as legal counsel to one of the family ownership groups of Productos Minerva, a well-known Ecuadorian coffee company, in connection with a transaction that enabled the group to consolidate full ownership of the company. The transaction represents an important milestone for the family-owned business, as it not only involved the consolidation of ownership, but also required a broader strategic approach aimed at reorganizing family assets, strengthening business continuity and supporting the company’s long-term growth. BUSTAMANTE FABARA advised the client on the comprehensive structuring of the transaction, including the design of the acquisition, the negotiation of the relevant transaction documents, the analysis of the transaction’s financial viability and the closing of the deal. In addition to the M&A component, the firm also advised on the restructuring of the family’s patrimony through the incorporation of corporate and estate planning vehicles designed to organize ownership, improve governance, support decision-making and promote the continuity of the business across generations. This matter highlights BUSTAMANTE FABARA’s ability to combine transactional expertise with a deep understanding of the dynamics of family-owned companies, particularly in matters where business, patrimonial and generational considerations are closely connected. The BUSTAMANTE FABARA team was led by partner Juan Felipe Bustamante, together with director Pedro Gómez de la Torre, with the support of senior associate Carolina Echeverría and associates Melina Andrade and Jerónimo Villagómez. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with extensive experience advising companies, families and business groups on complex corporate, transactional and patrimonial matters. Through its M&A and Private Clients capabilities, the firm acts as a strategic partner for family-owned businesses, supporting clients in acquisitions, corporate structuring, asset reorganization, governance and business continuity matters. About Productos Minerva Productos Minerva is a well-known Ecuadorian coffee company with a longstanding presence in the local market. The company has built a recognized brand in Ecuador’s coffee industry, providing products that are part of the daily consumption habits of Ecuadorian households. As a family-owned business, Productos Minerva represents the importance of local companies that combine tradition, productive capacity and long-term business vision within Ecuador’s consumer goods sector. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

BUSTAMANTE FABARA acted as lead Ecuadorian counsel to Spanish company, Sagittarius, in its USD $75 million acquisition of Singaporean Orion Energy, which is a significant oil producer with a strong position in the Ecuadorian market.  The transaction granted the buyer control over two oil and gas companies operating Blocks 52 and 54 in Ecuador. The transaction, led by Partner Rafael Valdivieso and Director Gustavo Almeida, underscores BUSTAMANTE FABARA’S deep expertise in natural resources, mergers and acquisitions, financing and regulatory compliance. The Firm managed the entire regulatory process required to facilitate the acquisition, including obtaining the necessary authorization from the Ministry of Energy and Mines, as well as advising on the transaction´s financing. This deal is particularly significant as it involves oil blocks in the exploitation phase, adding considerable regulatory and operational complexity. It also marks one of the few transactions of its kind in Ecuador in recent years—the last comparable deal took place in 2019 and involved only a single oil block, where both members of our Firm also played a key advisory role. Given the rarity and scale of such transactions in Ecuador’s oil & gas sector, this matter is expected to further solidify the firm’s standing as a leading advisor in the oil and gas industry.   About BUSTAMANTE FABARA  With a venerable history spanning over 69 years, BUSTAMANTE FABARA stands as a paragon in the legal landscape of Ecuador and Latin America. Our firm is composed of a dynamic team of over 125 expert multidisciplinary attorneys, supported by a dedicated staff of more than 185 professionals. We provide comprehensive legal and accounting solutions across 25 diverse practice areas. Our commitment extends beyond local borders, offering global reach to meet the needs of our clients worldwide, supported by an extensive network of correspondents.   For further information about this significant appointment, please contact: María José Sotomayor Marketing and Communication Director [email protected]

Quito, Ecuador – November 25, 2025 – BUSTAMANTE FABARA is pleased to announce that it has advised the shareholder-owners of TRECX S.A. (Pintulac) on the acquisition of a 70% majority interest in PHARMAVIDA S.A.S., a pharmaceutical distribution company in Ecuador, marking a significant strategic expansion for the Pintulac Group into the healthcare and pharmaceutical sectors. The transaction was structured through a Share Purchase Agreement combining an upfront payment to the seller with a capitalization contribution to the company, along with an additional capital injection to be completed within a defined period. This structure not only secures majority control for the shareholder-owners of TRECX S.A. but also strengthens the company’s working capital and supports its medium-term operational growth. BUSTAMANTE FABARA conducted a comprehensive due diligence review of the target, assessing its corporate, regulatory, contractual, and financial standing. The team also led the preparation and negotiation of all core transaction documents, including the Share Purchase Agreement, the Non-Disclosure Agreement, the Shareholders’ Agreement; and the corresponding bylaws reform to reflect the new ownership structure and governance framework. The BUSTAMANTE FABARA team advising the shareholder-owners of TRECX S.A. was led by Managing Partner María Rosa Fabara Vera, together with Director Andrés Becdach and Senior Associate Adriana Lasso, along with other attorneys specializing in corporate and regulatory matters. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape.   About TRECX S.A. (Pintulac) TRECX S.A., part of the Pintulac Group, is one of Ecuador’s most prominent and diversified business groups, recognized for its nationwide presence and leadership in the distribution of industrial, construction, and specialty products. With more than 60 years of experience and a strong focus on innovation, operational excellence, and responsible growth, TRECX S.A. continues to expand its portfolio into new strategic sectors.   Press Contact María José Sotomayor Hidalgo Directora de Marketing y Comunicaciones BUSTAMANTE FABARA Email: [email protected] Phone: +593 98 972 8788

BUSTAMANTE FABARA is thrilled to announce that Xavier Palacios, a highly respected and recognized expert in Constitutional and Public Law,will be joining the firm as a Senior Associate on Tuesday, November 5th. Xavier brings a wealth of experience and deep expertise that will further strengthen BUSTAMANTE FABARA’s capabilities in these crucial practice areas. With an impressive track record in Constitutional and Administrative Law, his dedication to legal excellence and his deep commitment to client service make him an invaluable addition to our team, especially as BUSTAMANTE FABARA continues to experience significant growth in litigation and public law matters. We are excited to welcome Xavier Palacios to BUSTAMANTE FABARA and look forward to the fresh insights and enhanced capabilities he will bring to our clients and our practice.  

Quito, Ecuador – July 3, 2025 – BUSTAMANTE FABARA, a premier law firm renowned for its leadership in mergers and acquisitions and its deep experience in complex cross-border transactions, is proud to announce its role as counsel to Industrial Danec S.A. in the acquisition of a majority stake in La Industria Harinera S.A. (“LIHSA”), a top-tier company in Ecuador’s milling sector. Industrial Danec S.A., a powerhouse in Ecuador’s mass consumption and vegetable oil industries, marks a significant milestone with this transaction—its first foray into the flour industry. This strategic investment not only diversifies Danec’s portfolio but also strengthens its position as a key player in the country’s food production landscape. BUSTAMANTE FABARA’s multidisciplinary team, led by partner José Rafael Bustamante Crespo, director Kirina González Artigas, and senior associate Valentina Morillo, delivered end-to-end legal counsel, guiding Danec through every stage of the transaction. The team’s expertise was crucial in structuring the deal and navigating the complex regulatory framework to ensure a seamless and successful closing. This transaction underscores BUSTAMANTE FABARA’s commitment to providing innovative, business-oriented legal solutions for high-profile clients operating in dynamic and competitive markets. The firm’s involvement was instrumental in achieving a result that positions both Danec and LIHSA for continued growth and success in Ecuador’s evolving food industry. BUSTAMANTE FABARA is honored to have supported Industrial Danec S.A. in this landmark acquisition and remains dedicated to delivering exceptional legal services in the most challenging and sophisticated transactions.   About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Industrial Danec S.A. Industrial Danec S.A. is a prominent Ecuadorian company with a long-standing presence in the agroindustrial sector. Committed to excellence, sustainability, and innovation, the company specializes in the production and distribution of edible oils and related products. Through its operations, Industrial Danec plays a key role in supporting national development and contributing to the growth of the regional economy.   Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – October 2, 2025 – BUSTAMANTE FABARA, renowned for its leadership in mergers and acquisitions and its deep expertise in complex cross-border transactions, is proud to announce its role as lead counsel to Alicorp Inversiones S.A., part of the Peruvian conglomerate Grupo Romero, in the acquisition of 100% of the shares of Jabonería Wilson S.A., a leading Ecuadorian company engaged in the manufacture and sale of cleaning, personal care, and laundry care products, with operations in Ecuador, Perú, and Colombia. This strategic acquisition marks a major milestone for Alicorp, consolidating its leadership in the mass consumption sector and significantly expanding its footprint in the Ecuadorian market. The multidisciplinary team of BUSTAMANTE FABARA, led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo, advised Alicorp throughout all stages of the transaction, ensuring a smooth and successful closing. The deal underscores BUSTAMANTE FABARA’s position as a trusted advisor to leading regional and global players, providing strategic guidance in transformative transactions that shape Ecuador's corporate landscape. The firm’s cross-border transaction capabilities, sector-specific knowledge, and track record of regulatory success continue to position it as a go-to firm for complex, high-value M&A deals in Latin America. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape.  About Alicorp Inversiones S.A. Alicorp Inversiones S.A., part of Grupo Romero, is one of the most relevant players in Latin America’s mass consumption industry. With a diversified portfolio in food, cleaning, and personal care products, Alicorp has consistently driven innovation and growth across the region. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788  

BUSTAMANTE FABARA highlights the announcement by the Republic of Ecuador today of a new debt-for-nature swap transaction, this time to support the conservation of terrestrial and freshwater ecosystems in the Amazon.This was facilitated by The Nature Conservancy's (TNC) innovative Nature Bonds Program and supported by the U.S. International Development Finance Corporation (DFC), the Inter-American Development Bank (IDB), and Bank of America. This program will enhance the protection of Ecuador's Amazon region, conserving vital ecosystems while supporting local communities. The innovative debt swap was enabled by USD 1 billion loan to repurchase and retire prior Ecuadorian sovereign debt represented by bonds with a nominal value of USD 1.527 billion, an operation expected to unlock USD 460 million over the next 17 years for the conservation of terrestrial and freshwater ecosystems in Ecuador's Amazon. This is the largest amount of conservation funds unlocked through a debt conversion to date. This initiative is also the largest so far under TNC's Nature Bonds Program. The new financing also involves more favorable terms, generating a debt principal reduction of USD 527 million and fiscal relief on debt servicing of over USD 800 million over the next 11 years (until 2035). Bank of America acted as the structuring and placement agent for the issuance and the sole manager of the tender process. The Role of BUSTAMANTE FABARA BUSTAMANTE FABARA provided local legal advice to two key parties in the transaction, leveraging its expertise in complex transactions, particularly in Debt Swaps, through two independent teams: Bank of America: Team led by Partner Diego Ramírez, supported by Senior Associates James Keeble and Nathaly Villasís. This is the same team that advised on the Galápagos Debt-for-Nature Swap. The Nature Conservancy: Team led by Partner Jesús Beltrán, supported by Partner Rafael Valdivieso, along with Director Patricio Santos and Senior Associate Bruno Pesantes, advised TNC.

Quito, Ecuador – November 17, 2025 – BUSTAMANTE FABARA acted as Ecuadorian counsel to the shareholders of Anders Ecuador Cía. Ltda. (AEC) in the sale of their majority shareholding in AEC’s to Safic-Alcan S.A.S. (Buyer), advised by PwC. The deal forms part of a multi-country transaction through which Safic-Alcan acquired equity in Anders Group operating companies across nine Latin American jurisdictions. AEC, part of a regional group engaged in the distribution of specialty chemicals, food ingredients, consumables, and equipment for industrial and life sciences applications, will become an affiliate of Safic-Alcan, strengthening its platform and presence in Latin America. BUSTAMANTE FABARA played a key role in the Ecuadorian aspect of the transaction, advising the sellers throughout the process to ensure a smooth and efficient outcome. Led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associates Valentina Morillo and Gino Ivich, the team provided expert guidance at every stage, securing a successful closing of the deal. This transaction marks an important milestone in the specialty chemicals distribution sector in Latin America, reflecting the firm’s consistent involvement in complex, cross-border M&A transactions. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Anders Ecuador Cía. Ltda. (AEC) Anders Ecuador Cía. Ltda. (AEC) is part of the Anders Group, a regional organization dedicated to the distribution of specialty chemicals, food ingredients, consumables, and equipment for industrial and life sciences applications. The company serves key sectors such as pharmaceuticals, food and beverages, personal care, and industrial manufacturing, providing high-quality products and technical support to clients across Ecuador and Latin America. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – April 24, 2025 – On April 20, 2025, Lumina and CMOC Group Ltd (CMOC) entered into an Arrangement Agreement under which CMOC will acquire all of the issued and outstanding common shares of Lumina Gold Corp., in a transaction valued at approximately USD $427 million, payable in all cash. Through this acquisition, CMOC adds the Cangrejos Project to its portfolio. The project is located in El Oro Province, in southwestern Ecuador, and is considered the largest primary gold deposit in the country, it is currently in the exploration stage, and is expected to enter the exploitation phase in Q4 2025. It has a signed binding term sheet of the Exploitation Contract with the Government of Ecuador. BUSTAMANTE FABARA acted as local legal counsel to CMOC, leading the legal and social due diligence of the project, as well as advising on its regulatory and environmental status of the mining project. The transaction was led by partner Rafael Valdivieso and director Bruno Pesantes. This transaction marks a milestone for the development of Ecuador’s mining sector, standing out as one of the most significant deals in the industry in recent years due to its size, impact, and strategic relevance. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, environmental initiatives, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead the shaping of Ecuador’s legal landscape. About CMOC CMOC (CMOC Group Ltd.) is one of the world’s leading mining companies, with diversified operations in copper, cobalt, molybdenum, tungsten, niobium, and phosphates. With a presence in Asia, Africa, and the Americas, CMOC is known for its focus on sustainability, technological innovation, and responsible resource development. About Lumina Gold Corp. Lumina is a Canadian company focused on the exploration and development of gold projects in Ecuador. Its flagship asset, the Cangrejos Project, has been identified as one of the largest and most advanced gold deposits in Ecuador, with significant large-scale development potential. Press contact: María José Sotomayor Hidalgo Director of Marketing and Comunicaciones BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788 Bruno Pesante   Rafael Valdivieso

Quito, Ecuador – June 24, 2026 – BUSTAMANTE FABARA is pleased to announce its role as Ecuadorian legal counsel to Grupo Nutresa S.A. in connection with the signing of an agreement to acquire 100% of the shares of Universal Sweet Industries S.A., commercially known as La Universal, one of Ecuador’s most iconic chocolate and confectionery companies. The transaction represents a significant step in Grupo Nutresa’s regional growth strategy and is expected to strengthen its presence in Ecuador’s food, chocolate and confectionery market through the addition of a longstanding local brand portfolio deeply embedded in Ecuadorian consumer culture. BUSTAMANTE FABARA advised Grupo Nutresa on this complex cross-border M&A matter, conducting a comprehensive legal due diligence of Universal Sweet Industries S.A. across corporate, regulatory, contractual, labour, intellectual property, real estate and compliance matters. The firm also advised on the structuring, negotiation and signing of the Share Purchase Agreement and related transaction documents, supporting the allocation of key risks and the development of the agreed transaction framework. The proposed transaction remains subject to the required regulatory approvals before Ecuador’s competition authority. This matter reflects BUSTAMANTE FABARA’s ability to support leading regional companies in strategic investments involving significant Ecuadorian businesses, combining transactional, regulatory and competition law expertise to navigate complex cross-border operations. The BUSTAMANTE FABARA team is led by partners José Rafael Bustamante C. and Kirina González, and Senior Associate José Antonio Bustamante. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading full-service law firms, with extensive experience advising domestic and international clients on complex corporate, M&A, competition, regulatory and transactional matters. The firm supports companies, investors and business groups through every stage of strategic transactions, from due diligence and structuring to negotiation, execution and regulatory authorization. About Grupo Nutresa Grupo Nutresa is one of Latin America’s leading food companies, with a diversified portfolio across categories including chocolates, biscuits, coffee, ice cream, processed meats and culinary products. Through its regional platform, Grupo Nutresa serves consumers across Latin America and other international markets, combining established brands, broad distribution capabilities and a long-term growth strategy. About La Universal Universal Sweet Industries S.A., commercially known as La Universal, is one of Ecuador’s most established chocolate and confectionery companies. Founded in 1889, the company has built a portfolio of brands that are widely recognized in Ecuadorian consumer culture, including Manicho, Cocoa Universal, Huevitos, Menta Glacial and Leche y Miel. Its operations include the production and commercialization of chocolate, cocoa-based products and confectionery items in Ecuador. Press contact María José Sotomayor Hidalgo Marketing and Communications Director BUSTAMANTE FABARA Email: [email protected] Phone: +593 2 256 2680

BUSTAMANTE FABARA is proud to announce the promotion of Gustavo Almeida and Bruno Pesantes to the position of Directors, effective from April 1, 2025. This strategic move reflects our continued commitment to excellence and further strengthens our leadership in the areas of Environment, Energy & Natural Resources. As we evolve to meet the complex and ever-changing needs of our clients, this milestone reaffirms BUSTAMANTE FABARA’s mission to provide innovative and high-impact legal solutions. The promotion of these outstanding professionals enhances our ability to deliver world-class legal services across Ecuador and beyond. About Gustavo Almeida Gustavo Almeida, now Director at BUSTAMANTE FABARA, advises local and international companies in energy regulation, oil & gas, mining, environmental law, and infrastructure. He brings a deep understanding of energy project structuring, having led regulatory approvals for generation, self-generation, and distributed generation initiatives. Gustavo has successfully negotiated concession contracts, PPAs, and infrastructure agreements. With extensive in-house experience at Ecuador’s largest oil and gas company, Gustavo offers valuable insight into production sharing and service contracts, integrated services with financing, and regulatory matters. His mining practice includes legal support on enabling titles, royalty agreements, compliance, and due diligence. Gustavo’s environmental law practice includes performing due diligence, obtaining environmental permits, challenging sanctions, and advising on environmental compliance across sectors. He has also advised on landmark transactions with a significant environmental component. Beyond his legal practice, Gustavo is the founding president of the Ecuadorian Institute of Energy and Natural Resources Law (IEDERN), a former adjunct professor of Administrative Law, and a recognized thought leader in his field. He has been ranked as a Leading Associate in Energy and Natural Resources by The Legal 500 About Bruno Pesantes Bruno Pesantes, also appointed as Director, advises national and international clients. His practice is primarily focused on energy and natural resources, with a special emphasis on regulatory law in mining, oil & gas, as well as environmental and corporate law. He has extensive experience in the oil & gas industry, particularly in regulatory, strategic, environmental, and operational matters. He actively participates in major contract negotiations with the State and the National Oil Company. In the mining sector, Bruno supports clients in obtaining government authorizations and provides counsel on regulatory, environmental, and project structuring matters. He also has vast experience in complex transactions and acquisitions of mining projects, as well as negotiations with the State for the signing of strategic agreements and in international disputes. In environmental law, Bruno advises companies from various sectors on regulatory compliance, environmental permitting, audits, and due diligence. He has worked on high-impact projects, helping to mitigate environmental risks, manage community conflicts, and implement new regulations to ensure legal compliance in business operations.Furthermore, Bruno is a founding member and first vice president of the Ecuadorian Institute of Energy and Natural Resources Law (IEDERN). These appointments reflect BUSTAMANTE FABARA’s focus on professional development, strategic growth, and delivering exceptional legal counsel in highly specialized and regulated sectors. For media inquiries, please contact: María José Sotomayor Marketing and Communications Director BUSTAMANTE FABARA Email: [email protected]

The Partners of BUSTAMANTE FABARA are proud to announce the promotion of Andrés Becdach, Daniel Castelo and Kirina González to Partners. This appointment recognizes not only their outstanding professional careers, but also their commitment, dedication and leadership, through which they have contributed to the Firm’s growth and strengthening over the years. Andrés, Daniel and Kirina have built a significant part of their careers at BUSTAMANTE FABARA, each accumulating close to 15 years of experience within our organization. About Andrés Becdach Andrés has led the Firm’s Regulatory and Life Sciences practice with great vision, playing a key role in its development and consolidation. In addition, his contribution to the Corporate and M&A areas has been instrumental in highly complex transactions and negotiations, as well as in establishing his undisputed leadership in the country. About Daniel Castelo Daniel has played a fundamental role in the strengthening and growth of the Firm’s Competition and Compliance practices, positioning them as strategic areas within the Firm and among the most prominent in the country. He consistently brings a solid, committed and highly specialized approach to his work. About Kirina González Kirina has stood out in the transactional field, participating in some of the most relevant, complex and sophisticated M&A transactions in the country. Her work has established her as a key professional within the Corporate and Competition teams, with undisputed leadership. These promotions reflect the Firm’s conviction to invest in internal talent, strengthen its Career Plan and continue building strong leadership that will shape the future of BUSTAMANTE FABARA.   About BUSTAMANTE FABARA BUSTAMANTE FABARA has established itself as a benchmark and leader in the provision of legal services in Ecuador and Latin America. Our team, consisting of more than 125 multidisciplinary lawyers and over 190 collaborators, provides legal solutions across more than 25 practice areas to local and international clients. For more information please contact: María José Sotomayor Director of Marketing and Communication BUSTAMANTE FABARA [email protected]

Quito, Ecuador – December 15, 2025 – BUSTAMANTE FABARA, a premier law firm renowned for its leadership in mergers and acquisitions and its deep experience in complex cross-border transactions, is proud to announce its role as counsel to Primax, Grupo Romero’s energy subsidiary, in the closing of a landmark strategic alliance with UNO Corp. UNO Corp., a Honduran energy company, has now concluded a strategic alliance with Grupo Romero for the integration of Primax’s operations in Peru and Ecuador, while acquiring Primax’s business in Colombia. Through this multi-jurisdictional structure, UNO Corp. gains control of more than 2,100 service stations and over 180 LISTO! convenience stores across the three countries—marking one of the most significant expansions in Latin America’s fuel retail market. BUSTAMANTE FABARA’s multidisciplinary team, led by Partner José Rafael Bustamante Crespo, alongside Director Kirina González and Senior Associate Valentina Morillo, provided end-to-end legal counsel throughout the process, ensuring seamless execution of the transaction through its successful closing. This deal highlights BUSTAMANTE FABARA’s commitment to delivering innovative and business-oriented legal solutions to major clients across Latin America, and reinforces its role as a trusted advisor in high-profile and complex cross-border transactions successfully brought to closing. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Primax Primax, Grupo Romero’s energy subsidiary, is a leading fuel retailer with over two decades of presence in Latin America’s energy sector. Since its founding, Primax has consolidated its position as one of the region’s largest distributors of fuels and lubricants. Through its network of service stations and LISTO! convenience stores, Primax plays a key role in the energy and retail markets of the region, supporting growth and regional development. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – March 11, 2026 – BUSTAMANTE FABARA, a leading law firm recognized for its expertise in complex transactions and its extensive experience in mining projects and cross-border investments, is pleased to announce its role as Ecuadorian legal counsel to Jiangxi Copper in connection with its acquisition of 100% of SolGold, thereby securing full ownership of the Cascabel copper-gold project in Ecuador, one of the most significant undeveloped copper assets in the world. The transaction, valued at USD 1.17 billion, involved a complex cross-border structure spanning Ecuador, China, Hong Kong, the United Kingdom and Canada, reflecting the international nature of large-scale mining investments in Latin America. Cascabel is widely regarded as one of the most important undeveloped copper deposits globally, with an estimated post-tax net present value of approximately USD 3.2 billion. In the context of this transaction, BUSTAMANTE FABARA advised Jiangxi Copper on the Ecuadorian legal aspects of the deal, including comprehensive legal due diligence and regulatory analysis covering all relevant areas of Ecuadorian law. The firm conducted an in-depth review of the project’s legal, regulatory, environmental, social, land tenure, permitting and operational framework, as well as broader corporate and transactional matters relevant to the acquisition. The multidisciplinary team at BUSTAMANTE FABARA was led by Partner Rafael Valdivieso, together with Director Bruno Pesantes, who advised Jiangxi Copper on the Ecuadorian legal aspects of the transaction. The transaction also involved Anjie Broad Law Firm, which acted as international counsel to Jiangxi Copper. This matter further reinforces BUSTAMANTE FABARA’s leading role in Ecuador’s mining sector, as the firm has acted as Ecuadorian counsel in two of the largest mining acquisitions in the country in recent years. In addition to the Cascabel transaction, the firm advised CMOC Group in its acquisition of Lumina Gold Corp., securing ownership of the Cangrejos Gold Project, the largest primary gold deposit in Ecuador. Together, these landmark transactions highlight the firm’s deep expertise advising international investors on complex, high-value mining investments and cross-border acquisitions involving world-class mineral assets in Ecuador. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Jiangxi Copper Jiangxi Copper is one of the world’s largest integrated copper producers, with operations spanning mining, smelting and refining, as well as the development of strategic mining projects worldwide. The company plays a key role in the global supply of critical minerals essential for energy transition and industrial development.

Quito, Ecuador – October 21, 2025 – BUSTAMANTE FABARA is pleased to announce its role as counsel to Vita Alimentos C.A. in the acquisition of 100% of the shares of La Holandesa (Delcampo S.A.S.), a leading cheese manufacturer renowned for its premium products and strong national market presence. This strategic transaction, which was subject to prior approval by the Superintendence of Economic Competition (Superintendencia de Competencia Económica), represents a significant milestone in Ecuador’s food and beverage sector, enhancing Vita Alimentos’ product portfolio, production capabilities, and distribution reach across the country. This deal highlights BUSTAMANTE FABARA’s position as a leading advisor to major industry participants, combining deep food and beverage expertise, strong regulatory capabilities, and a proven record in sophisticated M&A. The firm’s multidisciplinary strengths continue to place it at the forefront of complex, high-value transactions shaping Ecuador’s corporate landscape. The multidisciplinary team of BUSTAMANTE FABARA was led by Partner José Rafael Bustamante C., Director Kirina González, and Senior Associate Valentina Morillo. This acquisition reinforces Vita Alimentos’ leadership in the Ecuadorian food industry and demonstrates BUSTAMANTE FABARA’s continued role as a key advisor in complex, high-value M&A transactions within the region. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Vita Alimentos C.A. Vita Alimentos C.A. is a leading Ecuadorian company in the food and beverage industry, known for its extensive product portfolio and commitment to quality and innovation. The company plays a key role in Ecuador’s agri-food chain, providing nutritious and sustainable products to consumers nationwide. About La Holandesa (Delcampo S.A.S.) La Holandesa is a traditional Ecuadorian dairy company with more than 40 years of history, recognized for producing high-quality dairy products and maintaining strong ties with local producers. The company’s operations are centered on sustainable production and innovation in dairy processing. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – June 23, 2025 – BUSTAMANTE FABARA, a leading law firm recognized for its expertise in mergers and acquisitions and complex cross-border transactions, acted as Ecuadorian legal counsel to Millicom (leading provider of fixed and mobile telecommunications services under brand name Tigo) in the acquisition of Telefónica’s operations in Ecuador, a transaction valued at USD 380 million. The firm’s multidisciplinary team — composed of partner José Rafael Bustamante Crespo, director Kirina González, senior associate Valentina Morillo, and a team of professionals including Gino Ivich, José Antonio Bustamante, Lorena Ortiz, Sebastián Eljuri, Ángeles Mancheno, and Sergio Samaniego — provided comprehensive legal counsel throughout the transaction. Winston and Strawn acted as international counsel for Millicom. BUSTAMANTE FABARA will continue to advise Millicom in the procedures required to obtain regulatory approvals and the closing of the transaction. This transaction marks a significant milestone in Millicom’s strategic expansion in South America, reinforcing its leadership in the region and diversifying its operations in a stable, dollarized economy. The acquisition enhances Millicom’s regional footprint and supports long-term growth and digital inclusion across Ecuador. BUSTAMANTE FABARA’s role was instrumental in navigating the regulatory landscape and ensuring a successful execution, highlighting the firm’s ability to deliver innovative legal solutions in high-stakes transactional environments.   About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Millicom Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador –  August 29, 2025 – BUSTAMANTE FABARA, a leading law firm in cross-border transactions and international projects, is proud to announce its role as legal counsel to Royal Gold Inc., one of the world’s premier precious metals royalty and streaming companies, in its acquisition of Sandstorm Gold Ltd. The companies entered into a definitive arrangement agreement under which Royal Gold will acquire all of the issued and outstanding common shares of Sandstorm in an all-stock transaction, with an implied value of approximately USD 3.5 billion. Sandstorm Gold Ltd. is an established royalty and streaming company with a diversified portfolio of mining projects worldwide. This strategic acquisition will allow Royal Gold Inc. to significantly expand its asset base and geographically diversify its presence, further consolidating its position as a leading player in the precious metals royalty sector. BUSTAMANTE FABARA advised Royal Gold on the regulatory, legal, and due diligence aspects related to the royalty agreements held by Sandstorm Gold Ltd. in Ecuador. The multidisciplinary BUSTAMANTE FABARA team, led by Partner Rafael Valdivieso and Director Bruno Pesantes, is supporting Royal Gold Inc. throughout the process, ensuring a robust risk assessment and regulatory compliance, and contributing to the success of a potential high-impact transaction for the global precious metals market. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a proven track record in advising on complex financial transactions, environmental initiatives, and international projects. With more than 120 lawyers and a total of 190 team members, the firm continues to shape the legal landscape of Ecuador. About Royal Gold Inc. Royal Gold is a leading precious metals streaming and royalty company, specializing in the acquisition and management of royalties on gold, silver, and other precious metals worldwide. Press Contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: +593 989 728 788

Quito, Ecuador – January 30, 2026 – BUSTAMANTE FABARA acted as Ecuadorian legal counsel to JPMorgan Chase, as Lead Arranger and Original Lender, in connection with a USD 500 million international financing to Banco del Pacífico, one of Ecuador’s top commercial banks. This transaction represents the largest single-tranche international financing ever obtained by an Ecuadorian bank and was structured as a seven-year loan with immediate disbursement, aimed at strengthening the borrower’s liquidity position and supporting the financing of Ecuador’s productive sector. The financing incorporates a partial credit enhancement through a Standby Letter of Credit issued by CAF (Development Bank of Latin America and the Caribbean), together with a securities loan, resulting in a highly sophisticated and robust structured finance transaction. BUSTAMANTE FABARA advised on all Ecuadorian law aspects of the transaction, including enforceability analysis, regulatory considerations applicable to a commercial bank, albeit state-owned, and the local implementation of the guarantee and securities lending structure. The transaction was announced in the context of the International Economic Forum for Latin America and the Caribbean 2026 held in Panama, underscoring the growing role of Ecuador in complex, large-scale cross-border financings supported by international financial institutions and multilateral development banks. The firm’s team was led by Partner Diego Ramírez, with the participation of associate Melissa Jurado, from the Banking & Finance practice, reaffirming BUSTAMANTE FABARA’s position as a trusted adviser in high-value, structured cross-border financings. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers, the firm continues to lead in shaping Ecuador’s legal landscape. About JPMorgan Chase JPMorgan Chase & Co. is a leading global financial services firm, with operations worldwide and assets exceeding USD 4 trillion. It provides investment banking, commercial banking, financial transaction processing and asset management services to corporations, governments, institutions and individuals, and is consistently recognized for its leadership in complex structured financings and cross-border transactions.   About Banco del Pacífico Banco del Pacífico is one of Ecuador’s largest commercial banks, fully owned by Ecuador´s Corporación Financiera Nacional CFN, a State development bank, playing a central role in the country’s financial system. Banco del Pacífico focuses on supporting economic development through financing for the productive sector, infrastructure projects and strategic industries, while strengthening financial inclusion and sustainable growth in Ecuador. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

BUSTAMANTE FABARA is pleased to announce the promotion of Valentina Morillo, Francisco Dávila, Gino Ivich, and Juan Bernardo Guarderas to Directors. Their promotion recognizes their strong professional track records, their continued contribution to the Firm’s development, and the key role they play in delivering high-quality legal services to our clients. This appointment is part of the Firm’s ongoing efforts to strengthen its leadership structure and to foster the growth of its professionals, in line with its long-term vision. About Valentina Morillo Valentina has distinguished herself in the transactional field, participating in a number of highly relevant, complex and sophisticated M&A transactions. Her practice combines transactional work with comprehensive corporate advisory, providing strategic support to clients in their operations. Her performance has established her as a key professional within the M&A and Corporate teams. About Francisco Dávila Francisco focuses his practice on Dispute Resolution, representing and advising national and international clients in contentious-administrative, civil and arbitration proceedings. Since joining BUSTAMANTE FABARA in 2015, he has developed solid experience in complex disputes, particularly in public procurement and civil liability matters. In addition to his professional practice, he has served as a professor at Universidad de los Hemisferios and as an arbitration secretary at the Arbitration and Mediation Center of the Quito Chamber of Commerce. About Gino Ivich Gino has over 10 years of professional experience as part of BUSTAMANTE FABARA’s M&A and Corporate team, focusing on business advisory and the structuring of investments and complex transactions. He has advised buyers and sellers across various strategic sectors, participating in some of the most relevant and landmark transactions in the Ecuadorian market. His experience includes the drafting and review of complex agreements, as well as involvement in due diligence processes, negotiation and closing of transactions across multiple industries. About Juan Bernardo Guarderas Juan Bernardo focuses his practice on Banking & Finance, Capital Markets and Corporate Law, advising multilateral and bilateral institutions, investors and companies on complex transactions. Since joining the Firm in 2022, he has participated in some of the most sophisticated financial transactions in Ecuador, including pioneering green, thematic and blue bond issuances. His experience also includes cross-border transactions, syndicated and bilateral loans, as well as corporate structuring. The promotion of Valentina, Francisco, Gino, and Juan Bernardo reflects BUSTAMANTE FABARA’s commitment to developing talent from within and to building a strong and dynamic leadership for the future. About BUSTAMANTE FABARA BUSTAMANTE FABARA has established itself as a benchmark and leader in the provision of legal services in Ecuador and Latin America. Our team, consisting of more than 125 multidisciplinary lawyers and over 190 collaborators, provides legal solutions across more than 25 practice areas to local and international clients. For more information please contact: María José Sotomayor Director of Marketing and Communication BUSTAMANTE FABARA [email protected]

Quito, Ecuador – May 12, 2026 – BUSTAMANTE FABARA is pleased to announce its role as legal counsel to Comercializadora Ledesma & Ledesma Agrogruled S.A. (“Agrogruled”), an Ecuadorian agro-industrial company dedicated to the production, processing, packaging, distribution and commercialization of rice and rice-derivative products, in connection with an investment completed by Darby International Capital LLC (“Darby”). The transaction, completed on April 27, 2026, reflects Darby’s commitment to supporting growth-oriented companies operating in stable, high-demand industries. Agrogruled has built a strong market position in Ecuador by providing essential food products that meet consistent daily consumer demand across the country and other markets. The financing provided by Darby is primarily intended to strengthen Agrogruled’s balance sheet and provide the necessary working capital to support its ongoing operations and next phase of expansion. Through long-term debt, Agrogruled will be better positioned to scale its production, expand its reach to retailers and consumers, and consolidate its position in Ecuador’s agro-industrial sector. 49 Capital LLC, a financial advisory firm focused on capital transactions within the food systems sector in Latin America, participated in the transaction. Under the leadership of Óscar Luzuriaga, the firm supported the structuring and closing of the financing, as well as the coordination of the process with the different stakeholders involved. The multidisciplinary team at BUSTAMANTE FABARA was led by partner Juan Felipe Bustamante Crespo, together with director Pedro Gómez de la Torre. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. The firm has extensive experience advising companies, financial institutions, and investors in financing transactions across key sectors of the Ecuadorian economy, including the agro-industrial sector. About Darby Darby International is a leading emerging markets private debt investor with a focus on Latin America and has offices in Washington, DC, Bogotá, Colombia, and São Paulo, Brazil. The firm was created after the team spun off from its previous firm, Darby Overseas Investments, Ltd. Darby International is not affiliated with Darby Overseas Investments, Ltd., Darby Overseas Partners, L.P., Franklin Resources, Inc. (NYSE: BEN) or any of their affiliates.     Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788  

Quito, Ecuador – March 06, 2026 – BUSTAMANTE FABARA, a leading law firm recognized for its strength in mergers and acquisitions and its extensive experience in complex cross-border transactions, is pleased to announce its role as Ecuadorian legal counsel to Alicorp, the Peruvian food and consumer goods company of Grupo Romero, in the acquisition of 100% of Flora Food’s operations in Ecuador, as part of a regional transaction spanning seven jurisdictions in Latin America. Alicorp has signed an agreement to acquire 100% of the shares of several Flora Food group companies in Guatemala, Panama, the Dominican Republic, Colombia, Ecuador, Peru and Chile, in a cross-border transaction that reflects the ongoing consolidation of the food and consumer goods sector in the region. Flora Food is an international company specializing in plant-based food products and nutrition, whose portfolio includes widely recognized brands across Latin America, such as La Danesa, one of the most established margarine brands in several regional markets, as well as Dorina and Bonella, which are well known in the Ecuadorian market. The multidisciplinary team at BUSTAMANTE FABARA is co-led by partners Juan Felipe Bustamante Crespo and José Rafael Bustamante Crespo, together with director Pedro Gómez de la Torre, with the support of senior associates Valentina Morillo, Carolina Echeverría, Camila Sánchez and José Antonio Bustamante, and associates Ángeles Mancheno and Jerónimo Villagómez, who are advising on the Ecuadorian aspects of the transaction. The closing of the transaction remains subject to the fulfilment of the applicable regulatory approvals in the relevant jurisdictions.   About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, cross-border deals, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead in shaping Ecuador’s legal landscape. About Alicorp Alicorp is one of Latin America’s leading food and consumer goods companies. As part of Grupo Romero, the company has a strong regional presence and a broad portfolio of brands across multiple food and consumer product categories. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788

Quito, Ecuador – June 16, 2025 – BUSTAMANTE FABARA, a leading law firm renowned for its expertise in mergers and acquisitions and highly sophisticated legal work, acted as Ecuadorian legal counsel to the Retail International division of the Talanx Group (HDI) in the sale of HDI-Seguros S.A. (formerly Liberty Seguros Ecuador) to Grupo Financiero Atlántida, a financial conglomerate based in Honduras. The firm´s multidisciplinary team — led by partner José Rafael Bustamante C., director Kirina González Artigas, and senior associate Valentina Morillo — provided comprehensive legal counsel throughout every stage of the transaction. The transaction required navigating Ecuadors highly regulated insurance sector, presenting a sophisticated legal challenge that demanded deep industry knowledge and a strategic approach to regulatory compliance. BUSTAMANTE FABARA’s involvement was instrumental in ensuring a seamless and successful closing, reflecting the firm’s ability to deliver innovative solutions in the most demanding transactional environments. About BUSTAMANTE FABARA BUSTAMANTE FABARA is one of Ecuador’s leading law firms, with a strong track record advising on complex financial transactions, environmental initiatives, and international projects. With over 120 lawyers and 190 total team members, the firm continues to lead the shaping of Ecuador’s legal landscape. About HDI International HDI International, headquartered in Germany, is part of the Talanx Group and specializes in property, casualty, and life insurance across international markets. The company has expanded its global presence through strategic acquisitions, positioning itself as a key player in the Latin American insurance sector. About Grupo Financiero Atlántida Grupo Financiero Atlántida is one of Central America’s leading financial conglomerates, with operations spanning banking, insurance, and financial services. Its entry into the Ecuadorian market through this transaction reinforces its growth and regional diversification strategy. Press contact: María José Sotomayor Hidalgo Director of Marketing and Communications BUSTAMANTE FABARA Email: [email protected] Phone: 0989728788