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INGENIERIA Y VALUACIONES S.A. - fi 450-08 11 Piedra Azul Quarry (Cantera Piedra Azul) First Grid VALUATION REPORT FOR PIEDRA AZUL QUARRY; LOCATED IN CIENEGUILLA, PROVINCE'AND DEPARTMENT SWORN PUBLIC TRANSLATOR REG. NV JV T- 30 OF LIMA FIRST GRID FOR 100 HA. PICTURE OWNER : LILIANA VILLARREAL LANDEO. APPLICANT ‘ LILIANA VILLARREAL LANDEO LOCATION Bi CIENEGUILLA, PROVINCE AND DEPARTMENT OF LIMA DATE OF VALUATION: DECEMBER 04, 2006 MOST PROBABLE COMMERCIAL VALUE TO DATE 3 US$20'463,334.42 EXPERT z ENG. JULIO POLAR HINOJOSA CIP (College of Engineers) 18049 REPEV (Registry of Appraisers) N° 891 EXPERT REGISTERED AT THE BANK AND. INSURANCE SUPERINTENDENCY VALID HABILITATION CTTP (Technical Board of Appraisals in Peru) N° 657 Member of the Appraisal Center of the Association of Engineers in Peru Pan American Appraiser UPAV N° 287 LILIANA IBANEZ MALAGA ‘SWORN PUBLIC TRANSLATOR REG.N® JV T- 30 INGENIERIA Y VALUACIONES S.A. Fs 450-0 Piedra Azul Quarry (Cantera Piedra Azul) First Grid -08 INVALSA Ingenieria y Valuaciones S.A. (Engineering and Valuations Inc.) a 5 & g LILIANA IBANEZ MALAGA. ‘SWORN PUBLIC TRANSLATOR INGENIERIA Y VALUACIONES S.A. F 0-08 Piedra Azul Quarry (Cantera Piedra Azul) First Grid 450- (Stamp) JULIO ANTONIO DEL POZO VALDEZ. Attomey, Notary Public in and for Lima, HEREBY CERTIFIES: That the signature appearing on the face of this document belongs to Engineer VICTOR JULIO POLAR HINOJOSA, with National Identity Card 07276747 and CIP 18049, who signs it in his capacity as expert. | ATTEST. Lima, February 6, 2008 (Stamp) J. ANTONIO DEL POZO VALDEZ NOTARY IN AND FOR LIMA Juan de Arona 837-845 Telephone 442-2120 Fax 442 7232 E-mail: postmast@delpozo.com.pe San Isidro (Signature) J. ANTONIO DEL POZO VALDEZ Attomey - Notary Public in and (Stamp) BOARD OF NOTARIES + PUBLIC OF PERU The Secretary of the Notaries’ Association of Peru, CERTIFIES: That the signature and stamps that appear on this page belong to the Notary Public in and for Lima, Julio Antonio del Pozo Valdez, currently in office as such. BIF 37658 Lima, February 7th, 2008 (Signature) Jose Montoya Vera, Secretary (Stamp) MINISTRY OF FOREIGN AFFAIRS GENERAL DIRECTORATE OF CONSULAR AFFAIRS. Legalization N° 175087 The following signature that belongs to Jose Montoya Vera is hereby legalized, but not the content of the document. (Signature) Maribel del Rosario Luyo Javier Legalizations Department Consular Administrative Procedures Lima, February 8, 2008

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