Bogotá, May 4, 2015 Mister GÉRARD

Bogotá, May 4, 2015
Mister
GÉRARD MESTRALLET
President of GDF Suez
Mister
SALVADOR GABARRÓ SERRA
President of Gas Natural
Mister
LI QINGKUI
President of China Huadian Corporation
Mister
BERNARDO LARRAÍN
President of Colbún
Mister
BRUCE FLATT
Manager of Brookfield Asset Management
Greetings,
Given that the company under your management is interested in the acquisition of 57.7% of
the electric power company ISAGÉN S.A. E.S.P., we wish to inform you of the reasons for
which your company should not participate in the bid scheduled for May 19th:
There are currently eight lawsuits—in various courts—against the sale of the electric power
company ISAGÉN S.A. E.S.P., which are still pending.
Four political parties (Polo Democrático Alternativo, Alianza Verde, Centro Democrático,
Liberal), along with Representatives from other parties, which make up the majority of the
Congress of the Republic, have demonstrated their opposition to the sale.
Various social organizations, including the two most important trade unions in the country:
the Central Unitaria de Trabajadores (CUT) and the Confederación General del Trabajo
(CGT), as well as the unions of the company, Sintraisagén and Atrae, and the Network for
Tax Justice in Colombia (Red por la Justicia Tributaria en Colombia), have for nearly two
years been part of the Committee for the Defense of Isagén (Comité por la Defensa de
Isagén), which opposes the sale.
There have been public initiatives, forums, and a Public Hearing in Congress to express the
rejection of the National Government’s decision to sell ISAGÉN. Accordingly, it is valid to
assert that there is a generalized sentiment among the population against the sale of the
company.
Taking into consideration the aforementioned points, it is a risk for your company to
purchase a company like ISAGÉN, as the transaction exposes you to possible litigation.
Additionally, there is risk generated by the significant political and social opposition to the
sale.
It is for these reasons that we ask you to reconsider the purchase of ISAGÉN S.A. E.S.P.,
considering that a range of political, social, labor, and academic sectors demand that the
electric power company remain in the State’s control.
Sincerely,
Senén Niño, Senator of the Republic.
Claudia López, Senator of the Republic.
Jorge Eliecer Prieto, Senator of the Republic.
Red por la Justicia Tributaria en Colombia
Sindicato Nacional de Trabajadores de Isagén, Sintraisagén.
Asociación de Trabajadores de la Energía, Atrae.
Colombia Punto Medio.

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