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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><B><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES>CIRCULAR No. 010-FCPC-2016</SPAN></B><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; COLOR: black; FONT-SIZE: 11pt; mso-fareast-font-family: 'Arial Unicode MS'"
lang=ES><o:p></o:p></SPAN></P>
<H1 style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES><o:p> </o:p></SPAN></H1>
<H1 style="MARGIN: 0cm 0cm 0pt"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt" lang=ES>PARA:<SPAN
style="mso-tab-count: 2"> </SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"
lang=ES>Socios Partícipes del FCPC</SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; FONT-WEIGHT: normal"
lang=ES> en Ecuador y Exterior</SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; COLOR: black; FONT-SIZE: 11pt; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"
lang=ES><o:p></o:p></SPAN></H1>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; COLOR: black; FONT-SIZE: 11pt; mso-bidi-font-weight: bold"
lang=ES><o:p> </o:p></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt" lang=ES>DE: <SPAN
style="mso-tab-count: 2">
</SPAN></SPAN></B><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-bidi-font-weight: bold"
lang=ES>Rafael Veintimilla Ch., Presidente del Consejo de Administración del
FCPC</SPAN><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES><o:p></o:p></SPAN></P>
<P style="TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0pt 35.4pt"
class=MsoNormal><B><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; COLOR: black; FONT-SIZE: 11pt"
lang=ES><o:p> </o:p></SPAN></B></P>
<H1 style="MARGIN: 0cm 0cm 0pt"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt" lang=ES>FECHA:
</SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"
lang=ES><SPAN
style="mso-tab-count: 1"> </SPAN>28 de
noviembre de </SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; FONT-WEIGHT: normal"
lang=ES>2016</SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; COLOR: black; FONT-SIZE: 11pt"
lang=ES><o:p></o:p></SPAN></H1>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><B><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES><o:p> </o:p></SPAN></B></P>
<H1 style="MARGIN: 0cm 0cm 0pt"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES>ASUNTO: <SPAN style="mso-tab-count: 1">
</SPAN></SPAN><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; FONT-WEIGHT: normal; mso-bidi-font-weight: bold"
lang=ES>Votemos por mantener nuestro Fondo de Beneficio Definido</SPAN></H1>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
lang=ES><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt" class=MsoNormal><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"></SPAN></B> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><FONT
size=2>
</FONT><STRONG><IMG style="WIDTH: 364px; HEIGHT: 699px" border=0 hspace=0 alt=""
align=baseline src="cid:60A23F2A29984A73B836DFDDEA1854A5@afese.corp" width=394
height=828></STRONG><FONT
size=2>
<IMG border=0 hspace=0 alt="" align=baseline
src="cid:F7D2FCF04BA345E1AA31CD053E4B8D61@afese.corp"></FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm -7.15pt 0pt 0cm" class=MsoNormal
align=center><SPAN style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt"
lang=ES>Atentamente,<o:p></o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p></o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC"><o:p> </o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC">Rafael
Veintimilla Chiriboga<o:p></o:p></SPAN></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC">Presidente
del Consejo de Administración <o:p></o:p></SPAN></P>
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align=center><SPAN
style="FONT-FAMILY: 'Arial','sans-serif'; FONT-SIZE: 11pt; mso-ansi-language: ES-EC">FCPC-CMA-AFESE</SPAN><SPAN
style="FONT-SIZE: 11pt" lang=ES><o:p></o:p></SPAN></P></DIV></BODY></HTML>