any representation lo the contrary it 3D offence For persons in asPre...4! or some of the offered securities rray have not been regiotere0 with the Stperintendencia de Valo,e y Seguros (PM") pursuant to taw no 16.045, the Ley de haercaria ce and reinAitkos ineresinder. Securities not registered with the S'sd, may not h