COMPANY PROFILE dec.2016

1. Introduction CORAL ENERGÍA arises in the year 2016 with the association of 2 companies and aims to be a leading company in the development of business in the renewable energy industry in the markets of Argentina and Colombia, through the creation of a portfolio of projects Generation of solar, wind, and hydroelectric power. Iraola Group: Argentine industrial group with more than 45 years of experience, with operations in Argentina, Brazil, and China. With more than 700 employees, it is a leader in the auto parts and motorcycle market in Argentina, with exports to more than 35 countries. Besides its core business, the Group has other business divisions such as Agro and Real Estate. REP - Renewable Energy Platform: formed by an interdisciplinary group with more than 10 years of experience in the design, development, construction and operation of renewable energy projects in Latin America. REP combines more than 10GW of projects developed, implemented, and in operation in 5 countries, with solid expertise in M&A of renewable energy generation assets. In Argentina, CORAL ENERGÍA has participated in the latest tenders under the RenovAr program (Rounds 1 and 1.5), with 5 solar projects located in the province of San Juan (total power of 130 MWac), and having awarded 2 of them (50 MWac)

2. Overview of the company MISSION To be a leading player in the renewables market, recognized for developing projects with the highest quality and effectiveness DIFFERENTIALS Demonstrated field experience in Latin America, having built more than 50 projects in the region Proven track record, with over 10 years of project development in Argentina, Uruguay, Brazil, Chile and Peru Utilization of high-performance, first-class equipment Strong relationships with national and local government, agencies, and financial institutions Wide network of contacts in the industry worldwide MAIN ACHIEVEMENTS More than 50 projects developed and built in Latin America More than 2,000 MW of projects with signed PPA More than 75 environmental licenses issued MAIN FOCUS Maximization of IRR and profit to the investor Cost optimization, before and during project implementation Risk reduction by assuring achievable project schedules VISION Develop 1,000 MW of renewable energy projects in Argentina with quality, speed and at the lowest possible cost VALUES Honesty, Commitment, Trust, Austerity and Respect for Society and Environment

3. MAIN EXECUTIVES LEANDRO IRAOLA (PRESIDENT) Leandro Iraola is a businessman and president of the Iraola Group, formed from the creation of different companies that today gather more than 700 employees in different locations – Argentina, Brazil, China and Paraguay – and in different industries and / or markets: Auto parts, Motor vehicles, Agro and Construction. In only 20 years, Corven Motors – its flagship company – was able to become a leader in the spare parts market in Argentina with 45% market share, and exporting to more than 35 countries. In the motorcycle industry, with the Corven - Bajaj alliance, the group is positioned as the leading player with 18% market share in Argentina. The Iraola Group have had an overall income of $182 M USD in 2015, and nowadays it is focused in developing new business units, such as Real Estate and Renewable Energy. FRANCO BORRELLO (DIRECTOR OF BUSINESS DEVELOPMENT) Franco Borrello is an engineer, entrepreneur, and renewable energy specialist with vast experience in developing, financing and implementing wind, solar and biogas energy projects. Franco has served as Business Developer with the IMPSA group, in charge of a project portfolio of more than 2,500 MW in 9 countries. While in the United States, Franco has worked in the Fraunhofer Center for Sustainable Energy, designing a platform to evaluate and implement techno-economic roadmaps for innovative technologies, to catalyze its financing. (I) Industrial Engineer, University of Buenos Aires; (Ii) MS Renewable Energy, National Technological University (ARG); (iii) MS Energy Systems, Northeastern University, Boston, USA. (Iv) Graduate Certificate in Innovation and Entrepreneurship, Massachusetts Institute of Technology (MIT), Boston, USA. 7+ years of experience in renewable energy project development, project management and financing. More than 800 MW developed. GIOVANNI VINCIPROVA (CORPORATE DIRECTOR) Giovanni Vinciprova is Corporate Director at REP (Renewable Energy Platform). Before REP he was the Superintendent of the Environment at LAP (Latin America Power) and before joining LAP in 2013, he had been the Environmental Superintendent at ERSA (Energias Renováveis ​​SA), CPFL Renováveis, from 2008 to 2013, where he developed Several hydroelectric power stations and wind parks. Prior to working at ERSA, Mr. Vinciprova had served as an Environmental Coordinator at CPFL / Alstom 2001-2008 and at Bourscheid 2002-2004. (I) Degree in Biological Sciences from the Federal University of Rio Grande do Sul (Brazil); (ii) Master's degree in Animal Biology from the Federal University of Rio Grande (Brazil); And (iii) MBA in Administration of the Getulio Vargas Foundation (Brazil). More than 25 years in the renewable energy market, over 6.0 GW developed (# 60 projects) and # 52 approved environmental licenses. DIEGO PALOMEQUE (FINANCIAL ADVISOR – EXTERNAL) Diego Palomeque is currently an Independent Advisor in Corporate Finance, mainly working on Debt under Public Offering, Financial Debt Restructuring, and corporate leverage optimization programs. Previously, he was CFO and Member of the Board of MSU, a leading agricultural production company in Argentina, having previously held various financial management positions at Cargill SACI (the main agricultural exporter in the country). National Public Accountant graduated at UNR (National University of Rosario), Postgraduate Studies in Audit, and Postgraduate Lecturer in Agro management. More than 19 years of experience in financial and investment development market, having participated in international financial structuring with Pension Funds, Private Equity Funds, Hedge Funds, and Family Offices. DIEGO LOUREIRO (EJECUTIVE DIRECTOR) Diego Loureiro is Executive Director at REP (Renewable Energy Platform). Prior to REP, he was a development and new business manager at LAP (Latin America Power). Before joining LAP in 2011, he acted as Coordinator of the Wind Energy Projects in Energisa in 2011 and from 2007 to 2011, as coordinator of the Hydraulic and Wind Energy projects in ERSA (Energias Renováveis ​​SA), current CPFL Renováveis, where he developed several hydroelectric projects and Wind power. (I) Hydraulic Engineer of the Federal University of Itajubá - MG - UNIFEI (Brazil); (ii) MSc. In Environmental Engineering of the University of Sao Paulo - USP (Brazil); (iii) Master in Project Management by University of Sao Paulo - USP (Brazil); And (iv) Postgraduate in Finance from the Catholic University of Chile (Chile) More than 10 years of experience in the renewable energy market and project management. More than 1.5 GW developed (# 30 projects) NICOLAS PERKINS (LEGAL ADVISOR – EXTERNAL) Nicolás Perkins is partner with Nicholson y Cano, an attorney firm specialized in energy, mining, agribusiness, mergers and acquisitions, corporate finances, project finances and private equity investments. He is also the director of “Sociedad Anónima Importadora y Exportadora de la Patagonia”. He is the director of the local subsidiaries of various international companies and investment funds. He was also director and member of the Audit Committee of Petrobras Energía S.A. (2004- 2007). (I) Attorney at Law, Universidad Católica Argentina (ARG). (II) "Master in Comparative Jurisprudence (M.C.J.)" from the New York University School of Law (1998). (III) Candidate IAE Business School, Executive MBA (2017) More than 20 years of consulting experience n the development and financing of energy, mining and agribusiness projects

4. Track Record 2006 Construction of small hydro Alto Plano and Alto Irani with GMR Group (37 MW) Start of ERSA in Brazil 2011 Due Diligence and Acquisition of small hydro Carilafquén- Malalcahuello (29 MW, Chile) Due Diligence and Acquisition of 4 small hydro projects in operation and construction (33 MW, Peru) Due Diligence and Acquisition of 2 small hydro in development (40 MW, Peru) Start of LAP in Chile 2007 Due Diligence and Acquisition of 12 small hydro projects (177 MW) 2008 Due Diligence and Acquisition of 6 small hydro projects (105 MW) Acquisition and Development of two wind farms (246 MW) Start Construction of 9 small hydro 2012 Certifications ISO 9001: 08, 14001: 04 and OHSAS 18001: 07 COD small hydro Huasahuasi 1 and 2 (20 MW, Peru) Development of 5 hydro projects (330 MW, Peru) Due Diligence and Acquisition of a wind farm in development (185 MW, Chile) 2009 Technical coordination for Refinancing the small hydro Plano Alto and Alto Irani (37 MW) COD Cocais Grande small hydro (10 MW) NBR ISO 9001 Certification: 08, 14001: 04 and OHSAS 18001: 07 2013 Due diligence and Acquisition of Totoral wind farm in operation (46 MW, Chile) Start development 2 wind farms: La Cabaña and Rihue (227 MW, Chile) Identification of areas and start of wind measurements in 3 wind projects in Peru (400 MW, Peru) 2010 COD small hydro Arvoredo (13 MW) COD small hydro Paiol (20 MW) COD small hydro São Gonçalo (11 MW) COD small hydro Varginha (9 MW) Start Construction of 78 MW in wind farms Start Construction small hydro Salto Góes (20 MW) 2014 COD small hydro Runatullo 2 and 3 (40 MW, Peru) Start Construction of small hydro (29 MW, Chile) Start development of a solar project (96 MW, Chile) Development of own methodology for potential hydraulic searches in Peru (Acqua Project) 2011 COD small hydro Barra da Paciência (23 MW) COD small hydro Corrente Grande (14 MW) COD small hydro Ninho da Águia (10 MW) COD small hydro Várzea Alegre (8 MW) Start Construction of 228 MW wind farms Start Construction of 100 MW biomass Acquisition of small hydro Santa Luzia (29 MW) Merge with CPFL, creating CPFL Renovaveis 2015 Start Construction of San Juan wind Farm (185 MW, Chile) Environmental permits obtained for Tulumayo and Araza projects (334 MW, Peru) 2016 COD small hydro Carilafquén- Malalcahuello (29 MW, Chile) Environmental permits obtained for La Cabaña wind farm (106 MW, Chile) COD San Juan wind farm (185 MW, Chile) Start of REP – Renewable Energy Platform & Coral Energía

5. Business model DEVELOPMENT PILLARS BUSINESS PILLARS SITE SELECTION PREMISES (i) High energy resource (ii) Available grid interconnection (iii) Low construction and interconnection costs DEVELOPMENT OF “READY-TO-BID” and “READY-TO-BUILD” PROJECTS TECHNICAL PREMISES (i) First-class equipment (ii) Engineers with proven track record (iii) Project optimization in all phases OPTIONS FOR PARTICIPATION IN TENDER AND "SUCCESS-FEE” MARKET PREMISES (i) Solid energy regulatory framework (ii) Projects eligible for the financial market ("bankable") (iii) Reliable legal framework PROJECT TRANSFER BEFORE TENDER, WITHOUT SIGNED PPA FINANCIAL PREMISES (i) PPA’s with national Government or with financially solid private offtakers (ii) Project financing with efficient, creative solutions PROJECT CONSTRUCTION AND COMISSIONING, ASSET SALE DURING CONSTRUCTION OR IN OPERATION

ANNEX A - PROJECT PORTFOLIO

A1. General Map – Projects in development 1 PROJECT (50 MWac) SALTA * 4 PROJECTS (450 MWac) CATAMARCA * LA RIOJA * 3 PROJECTS (250 MWac) SAN JUAN * ULLUM S3 (30MWn) ULLUM S4 (30 MWn) SYBAC SOLAR 3 (19,2 MWn) 2 PROJECTS (230 MWac) BUENOS AIRES 980 MWac in development 79,2 Mwac ready for bidding

A2. General Information The chart below presents the main characteristics and phases of development of the projects   ID NAME PHASE INST CAP (MWp) INST CAP (MWn) PLANT FACTOR ENERGY P50 (GWh) ENERGY P90 (GWh) ENERGY P99 (GWh) CONNECTION POINT TENSION TL (kV) LENG TL (km) MODULES INVERTERS TRACKER 1 ULLUM S3 RtT 34,2 19,2 25,3% 75,7 70,23 65,81 SE ULLUM 132KV 0,5 FIRST SOLAR SERIE 4 SMA CLAVIJO 2 ULLUM S4 30,0 25,1% 75,1 69,7 65,3 3 SYBAC3 24,6 24,9% 53,7 46,87 41,32 4 SAN DIEGO 1 DES 58,8 (B) 50,0 (B) (A) 5 SAN DIEGO 2 117,6 (B) 100,0 (B) 6 SAN DIEGO 3 7 SOLAR 7 35,3 (B) 30,0 (B) 8 SOLAR 8 235,3 (B) 200,0 (B) 9 SOLAR 9 10 SOLAR 10 11 SOLAR 11 12 SOLAR 12 13 SOLAR 13 TOTAL 1.245.9 1.059,2 204,5 186,8 172,4 - 1,5 (A) Parameters not yet defined or confidential (B) Estimated values, awaiting confirmation of studies DEVELOPMENT STATUS DES: Under development: (i) land agreements Signed (ii) Project engineering initiatied (iii) Environmental permit initiated (iv) Interconnection permit initiated (v) Registration to energy wholesale market initiated RTT: “Ready to tender”: (i) land agreement Signed (ii) Project engineering concluded (iii) Environmental permit issued (iv) Interconnection permit issued (v) Registration to energy wholesale market obtained

ANNEX B - TEAM EXPERIENCE

b1 – Team Experience GIOVANNI VINCIPROVA (7.066 MW / # 65 Proyectos) (59) Hydro - Penedo - ERSA - Brazil - 17 MW (60) Hydro - Santa Cruz - ERSA - Brazil - 12,5 MW (61) Wind - Gameleira - ERSA - Brazil - 80 MW (62) Hydro - UHE Barra Grande - CPFL/Alstom - Brazil - 690 MW (63) Hydro - UHE Campos Novos - CPFL - Brazil - 880 MW (64) Hydro - UHE Machadinho - Bourscheid - Brazil - 1140 MW (65) Hydro - UHE Pedra do Cavalo - Bourscheid - Brazil - 160 MW (8) Wind - P.E. Koluel Kayke II - IMPSA - Argentina - 25 MW (9) Wind - P. E. Piedra Buena I y II - IMPSA - Argentina - 80 MW (10) Wind - P. E. Punta Alta - IMPSA - Argentina - 100 MW (11) Wind - P. E. Dorrego - IMPSA - Argentina - 50 MW (12) Wind - P. E. Tornquist - IMPSA - Argentina - 50 MW (13) Wind - P. E. General Acha - IMPSA - Argentina - 50 MW (14) Wind - P. E. Las Heras - IMPSA - Argentina - 50 MW (15) Wind - P.E. El Libertador I - IMPSA - Uruguay - 50 MW (16) Wind - P.E. El Libertador II - IMPSA - Uruguay - 7,35 MW (17) Wind - P.E. EL Libertador III - IMPSA - Uruguay - 7,35 MW (18) Wind - P.E. El Libertador IV - IMPSA - Uruguay - 50 MW (19) Wind - P.E. Cerro Chocán - IMPSA - Perú - 60 MW (1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW (2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW (3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW (4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW (6) Wind - Los Junquillos - REP - Chile - 273,9 MW (7) Wind - Los Lagos - REP - Chile - 59,4 MW (8) Wind - Rauco - REP - Chile - 118,8 MW (9) Solar - Salvadoras - REP - Chile - 300 MW (10) Wind - San Juan - LAP - Chile - 184,8 MW (11) Wind - La Cabaña - LAP - Chile - 110,4 MW (12) Wind - Rihue - LAP - Chile - 127,7 MW (13) Wind - San Juan 2 - LAP - Chile - 41,4 MW (14) Solar - Pirita - LAP - Chile - 96,67 MW (15) Wind - Totoral - LAP - Chile - 46 MW (16) Hydro - Tulumayo 4 - LAP - Peru - 56,2 MW (17) Hydro - Tulumayo 5 - LAP - Peru - 83,2 MW (18) Hydro - Limacpuncu - LAP - Peru - 35 MW (19) Hydro - Ttio - LAP - Peru - 80 MW (20) Hydro - Capiri - LAP - Peru - 80 MW (21) Hydro - Carilafquen Malalcahuello - LAP - Chile - 29 MW (22) Hydro - Runatullo 3 - LAP - Peru - 20 MW (23) Hydro - Runatullo 2 - LAP - Peru - 20 MW (24) Hydro - Huasahuasi 2 - LAP - Peru - 10 MW (25) Hydro - Huasahuasi 1 - LAP - Peru - 10 MW (26) Hydro - Santa Cruz 2 - LAP - Peru - 7,4 MW (27) Hydro - Santa Cruz 1 - LAP - Peru - 6 MW (28) Wind - Bons Ventos - CPFL RENOVAVEIS - Brazil - 157 MW (29) Wind - Pedra Cheirosa - CPFL RENOVAVEIS - Brazil - 50 MW (30) Solar - Ouro - CPFL RENOVAVEIS - Brazil - 300 MW (31) Wind - Ventos de São Benedito - CPFL RENOV. - Brazil - 172 MW (32) Wind - Campos dos Ventos - CPFL RENOVAVEIS - Brazil - 256 MW (33) Biomass - Bio Alvorada - CPFL RENOVAVEIS - Brazil - 50 MW (34) Biomass - Bio Coopcana - CPFL RENOVAVEIS - Brazil - 50 MW (35) Biomass - Bio Formosa - CPFL RENOVAVEIS - Brazil - 40 MW (36) Wind - Atlantica - CPFL RENOVAVEIS - Brazil - 120 MW (37) Wind - Siif Energies - CPFL RENOVAVEIS - Brazil - 210 MW (38) Wind - Macacos - CPFL RENOVAVEIS - Brazil - 78,2 MW (39) Hydro - Santa Luzia - CPFL RENOVAVEIS - Brazil - 29 MW (40) Solar - Tanquinho - CPFL RENOVAVEIS - Brazil - 1 MW (41) Wind - Santa Clara - ERSA - Brazil - 186 MW (42) Wind - Campos dos Ventos Sul - ERSA - Brazil - 150 MW (43) Wind - Macacos - ERSA - Brazil - 78,2 MW (44) Hydro - Salto Góes - ERSA - Brazil - 20 MW (45) Hydro - Cachoeira Grande - ERSA - Brazil - 16 MW (46) Hydro - Várzea Alegre - ERSA - Brazil - 7,5 MW (47) Hydro - Barra da Paciência - ERSA - Brazil - 23 MW (48) Hydro - Corrente Grande - ERSA - Brazil - 14 MW (49) Hydro - Paiol - ERSA - Brazil - 20 MW (50) Hydro - Arvoredo - ERSA - Brazil - 13 MW (51) Hydro - São Gonçalo - ERSA - Brazil - 11 MW (52) Hydro - Ninho da Águia - ERSA - Brazil - 10 MW (53) Hydro - Varginha - ERSA - Brazil - 9 MW (54) Hydro - Alto Irani - ERSA - Brazil - 21 MW (55) Hydro - Cocais Grande - ERSA - Brazil - 10 MW (56) Hydro - Plano Alto - ERSA - Brazil - 16 MW (57) Hydro - Airuoca - ERSA - Brazil - 18 MW (58) Hydro - Boa Vista 2 - ERSA - Brazil - 29 MW DIEGO LOUREIRO (2.287 MW / # 34 Proyectos) (1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW (2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW (3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW (4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW (1) Wind - Los Junquillos - REP - Chile - 273,9 MW (2) Wind - Los Lagos - REP - Chile - 59,4 MW (3) Wind - Rauco - REP - Chile - 118,8 MW (4) Solar - Salvadoras - REP - Chile - 300 MW (5) Hydro - San Juan 2 - LAP - Chile - 41,5 MW (6) Hydro - Carilafquen Malalcahuello - LAP - Chile - 29 MW (7) Wind - San Juan - LAP - Chile - 184,8 MW (8) Wind - Totoral - LAP - Chile - 46 MW (9) Wind - La Cabaña - LAP - Chile - 110,4 MW (10) Wind - Rihue - LAP - Chile - 127,7 MW (11) Solar - Pirita - LAP - Chile - 96,7 MW (12) Hydro - Tulumayo 4 - LAP - Peru - 56,2 MW (13) Hydro - Tulumayo 5 - LAP - Peru - 83,2 MW (14) Hydro - Limacpuncu - LAP - Peru - 35 MW (15) Hydro - Ttio - LAP - Peru - 80 MW (16) Hydro - Capiri - LAP - Peru - 80 MW (17) Hydro - Runatullo 3 - LAP - Peru - 20 MW (18) Hydro - Runatullo 2 - LAP - Peru - 20 MW (19) Hydro - Huasahuasi 2 - LAP - Peru - 10 MW (20) Hydro - Huasahuasi 1 - LAP - Peru - 10 MW (21) Hydro - Santa Cruz 2 - LAP - Peru - 7,4 MW (22) Hydro - Santa Cruz 1 - LAP - Peru - 6 MW (23) Wind - Ventos de San Miguel - ENERGISA - Brazil - 150 MW (24) Wind - Macacos - ERSA - Brazil - 78,2 MW (25) Hydro - Salto Góes - ERSA - Brazil - 20 MW (26) Hydro - Arvoredo - ERSA - Brazil - 13 MW (27) Hydro - Barra da Paciência - ERSA - Brazil - 23 MW (28) Hydro - Corrente Grande - ERSA - Brazil - 14 MW (29) Hydro - Ninho da Águia - ERSA - Brazil - 10 MW (30) Hydro - Paiol - ERSA - Brazil - 20 MW (31) Hydro - São Gonçalo - ERSA - Brazil - 11 MW (32) Hydro - Varginha - ERSA - Brazil - 9 MW (33) Hydro - Várzea Alegre - ERSA - Brazil - 7,5 MW (34) Hydro - Cocais Grande - ERSA - Brazil - 10 MW Brazil 2007 | Hydro Alto Irani – 21MW | ERSA Chile 2013 | Wind Totoral – 46MW | LAP Brazil 2012 | Solar Tanquinho – 1,1MW | CPFL-R Chile 2016 | TL Valle Allipén – 110kV | LAP Brazil 2012 | Biomass Pedra – 70MW | CPFL-R Brazil 2009 | Corrente Grande – 14MW | ERSA Brazil 2009 | Praia Formosa – 105MW | ERSA Chile 2016 | Wind San Juan – 185MW | LAP Peru 2014 | Hydro Runatullo 2 – 20MW | LAP FRANCO BORRELLO (835 MW / # 19 Proyectos) (1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW (2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW (3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW (4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW (5) Wind - P.E. Malaspina I - IMPSA - Argentina - 50 MW (6) Wind - P.E. Malaspina II - IMPSA - Argentina - 30 MW (7) Wind - P.E. Koluel Kayke I - IMPSA - Argentina - 50 MW Peru 2011 | Hydro Santa Cruz 2 – 7,4MW | LAP Chile 2014 | Operations Center | LAP Chile 2015 | Hydro Malalcahuello – 9,5MW | LAP

Calle del Caminante, 80, Vientos del Delta II, of. 502. Coral Energía Calle del Caminante, 80, Vientos del Delta II, of. 502. Rincón de Milberg, Tigre, Argentina contacto@coralenergia.com www.coralenergia.com