Incorporation of Pesquera Exalmar S.A.

Purchase of the company Pesca Perú Huacho S.A., whose main asset was the plant in Huacho (Huaura, Lima), by the company Pesquera María del S.A.

Incorporation of Pesquera Exalmar S.A. Purchase and purchase of fishing vessels.

Phenomenon El Niño

Merger of Pesquera Alfa S.A., Pesquera María del Carmen S.A. and Pesca Perú Huacho, with Pesquera Exalmar S.A. Construction of a plant in Chicama (Ascope, La Libertad).

Strong El Niño and impact of international crisis.

Strategic financial decisions

Incorporation of Private Equity with 22.7% of share capital (Citigroup Venture Capital International, through its financing vehicle Stafedouble) for US$ 30 MM.

Strategic financial decisions

First International Syndicated Loan for US$ 80 million.

Acquisition of 50% of the stocks in Cormar S.A.

Acquisition of a plant in Callao (Callao, Lima).

Individual Quota System

Allocation of a Maximum Rate of Catch per Vessel (based on fleet capacity and amounts caught in the previous four years).

Process of adaptation to the new system, resizing the fleet for more efficiency.