NOTICE TOTHE MARKET: Energy Sector

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December 13th, 2012: AMEC – the Association of Capital Market Investors – publicly announces that all those who have or are responsible for investments in publicly-held companies in the energy sector are called to exercise their political rights in view of the important decisions taken regarding these companies.

Particularly for the companies that have called Special Shareholders Meetings to examine the recent changes to regulations, it is of utmost important that shareholders are present in conclaves to diligently analyze their Board of Directors’ proposals, opinions and reports, including divergent votes, so that they can take their own decisions based on the interests of the companies in which they invest.

AMEC’s associates understand that the mentioned proposals impact significantly not only on the companies’ profitability, but also on their own survival. Therefore, exercising shareholders’ rights is the only attitude compatible with the fiduciary obligations system to which institutional investors are subject, such as investment funds and pension funds.

There have been few moments in our history that the presence of well-informed and diligent owners is so important to preserve shareholders’ investments and the future of our capital market.