2.  PRESIDENT Aldo Alberto Alvarez  VICE-PRESIDENT Gustavo Javier Alvarez  DIRECTORS Román Ezequiel Branc Enrique Ramos Mejía Gerardo Enrique Desmourés BOARD  ACTING DIRECTOR Miguel Ángel Pereyra  TRUSTEES Hector Ponce de León Elisa Faks Pablo Marcos Luna  ACTING TRUSTEES Patricio Blasco Yanina M. José Chazarreta Fernando Julio Pimentel

3.  INTERNATIONAL AREA Soledad Gramajo  RISK MANAGEMENT Fabián Vítolo  COMMERCIAL Aníbal Balestracci  MANAGEMENT Verónica Carrizo MANAGEMENT STAFF  TECHNICAL Pablo Cirulli  UNDERWRITING Horacio Rossaro  IT María Fernanda Barrios

4. NOBLE Compañía de Seguros NOBLE :  A Nationwide company with a strong presence in every province  Highly specialized in professional liability  Distributed through insurance brokers  Commercially flexible and creative

5. NOBLE Compañía de Seguros  Proactive in claim administration  High-level reinsurance  Able to create value and long term bonds with producers, insurers and reinsurers  It’s a company that constantly reinvests its earnings to increase its financial strength

6.  SPECIALIZATION: A groundbreaking proposal based on Professional Liability  SEASONED MANAGEMENT: Well-known managers in the insurance market  REINSURANCE POLICY: Direct contract with Scor Re Our corporation Noble was created by experts in Professional Liability and Legal Liability that know how the market works and can respond to its requirements. NOBLE´S guarantee rests in three solid pillars:.

7. NOBLE is a company that specializes in covering Professional Liability. From the beginning, it was thought and developed to fulfill activities related to this segment. Every product, every service and every detail answers to the concrete needs of a market as complex as one that involves professional activity. As a result of this we have a strong company with experience in its field and with the tools to give the highest quality services. Creativity and experience at the client service

8. NOBLE has acted seriously and responsibly when they decided to only take risks under total monetary protection. To this effect, they use the most suitable risk-transfer tools from the Global/International Reinsurance Market. NOBLE combines economic and financial stability from the biggest Reinsurance companies in the world with the national knowledge to manage risk. And its objective is to create a long lasting and transparent bond with its clients. You are in the best hands

9. NOBLE has the best team to advise the client with their every need, providing an excellent service targeted towards tailored attention. NOBLE has combined the efficiency of experienced managers with a long trajectory in the insurance market with the experience of specialists in risk prevention, claim management and lawsuit defense. The advantage of working with experts The advantage of working with experts

10. NOBLE has the latest Insurance System in the market. Enabling an operative framework that allows them to work in an organized, agile and efficient manner. This framework was conceived to be in touch with producers and International Reinsurances at all times. This makes for a dynamic service of excellence. Custom-made technology

11. A NOBLE Concept A NOBLE Concept A risk prevencion system Risk Management Programs A loss reduccion system Coordination programs between Doctors and Lawyers Monetary coveragel In accordance with the Insurance

12. Origin: SSN NOBLE´S LEGAL LIABILITY PRODUCTION DEVELOPMENT

13. Origin: SSN NOBLE´S INVESTMENTS AND ASSETS AVAILABILITY DEVELOPMENT

14. BALANCE INDICATORS

15. COMMERCIAL

16. Our products Individual Professional Liability  Doctors  Dental Surgeons  Psychologists  Biochemists  Medical Assistant  Vets  Lawyers  Notaries Professional Liability Health Institutes  Hospitals and clinics  Specialized outpatient care centers  Diagnostic centers  Psychiatric  Geriatrics  Clinical Analysis  Emergency Medical Service Corporations  Pharmacies Legal Liability Clinical Trials  Sponsors  Laboratories  CRO  Research Locations  Main Researcher  Sub Researcher Group Professional Liability  Medical Associations  Professional Associations

17. MONETARY COMPESATION  Compensation for the cancellation and/or suspension of the professional registration due to criminal proceedings against the insured (from ARS $ 2,000 up to 24 months). NON MONETARY BENEFITS  Pregnancy  Illness / Accident  Professional Training Abroad  Integral Medical / Legal Counseling:  On all the legal proceedings and their different stages, i.e., investigation, mediation and judicial instances.  On all the different jurisdictions and venues, i.e., civil, criminal, administrative and disciplinary courts and tribunals.  On the event of search warrants and seizure of medical records.  24/7 Legal /Medical Counseling Service. Benefits for Professional Insureds

18. INDIVIDUAL INSUREDS Without Deductible INSTITUTIONAL INSUREDS (except otherwise agreed) 10% of the claim with a minimum of 3% and the maximum of 6% of the Sum Insured. Deductibles Replacement Premium

19. 26% 14% 6% 4% 2% 18% 9% 2% 1% InsuranceDistribution

20. Actualizado a Nov-2009 22% 9% 5% 7% 3% 2% 1% 2% 1% 2% 1% 35% Commercial Network Distribution

21. RISK MANAGEMENT

22. Risk Management  Spreading the NOBLE concept  Eyes, ears and voice of the company in the health area  Taking part in health industry and insurance events  Media relations  Risk management programs coordination  Aware of the market’s needs

23. Identified as another actor in the health industry

24. It publishes in special interest magazines It publishes in special interest magazines

25. The Value of Proactivity  Cultivate the loyalty of the client list  Get to know the insured better  Early identification of potential losses  Research commercial opportunities  Gradually improve the insured’s risk profile Hospital Británico de Buenos Aires

26. RISKMANAGEMENT UNDERWRITING  It informs and clarifies prospective clients  It informs about changes on risk profile COMMERCIAL  Presents the Compañy and Services  Researches new business opportunities  Develops new products CLAIMS  Claim Tendencies  Problematic Accounts LAW  Risk Committees  Body of Law  Applicable Law

27. Tools  In-Person Training (Workshops)  Medical and Law Risk Audits  Risk Committees  Consultation and data transference through e-mail  Development of special programs  Monthly newsletter  Prevention blog

28. In-person Training

29. Workshops and Seminars Clínica Humana de Imágenes. Gral Roca. Río Negro  For the institutions’ managers and executives  For groups of professionals  For other market actors (Knowledge Broadcast)

30. Executives and professionals in institutions  Annual planning  Risk committees creation  Development of system of compensable event notification  Training professionals as a nexus Sanatorio Mater Dei de Buenos Aires

31. Professionals Groups Seminars  Doctor-Patient  Relationship  Communication  Clinical History  Informed Consent  Doctor’s Office Risk  Operating Room Risk  Obstetrics Risk  On Duty Risk  Trauma Service Risk  Esthetic Surgery Risk  Infirmary Risk  Radiology Risk  Psychology Risk  Hospitalized Suicides  Medication Errors Lawsuit Causes

32. Other Market Actors Support for NOBLE´S Presidency in the International Judicial Academy  Scientific Evidence Appreciation  Justice and Insurance

34. Servicio de Neonatología Hospital Privado Sudamericano de La Plata (Prov. Bs.As.)

35. Risk Committees  Legal and medical representatives  Participation of members of the institution  Discussion of the main incidents and claims  Discussion of specific aspects of patient security

36. NOBLE´s involvement in regular institucion activities Incident discussion Presentation discussion

37. Hospital San Juan de Dios. Ramos Mejía. Provincia de Buenos Aires

38. Phone Assistance and Data Transference trough E-mail and Data Transference trough E-mail

39. Client Consult Noble´s Answer

40. Client Satisfaction

41. Development of Special Programs Fall Prevention Wrong-site SurgeryInfant AbductionSuicide in Psichiatric Facilities Wrong Medication Errors

45. UNDERWRITING

46. ANNUAL EVOLUTION OF THE NUMBER OF CURRENT EXPOSED BY AREA

47. DISTRIBUTION OF INSTITUTIONAL RISK

48. CATEGORY% CUMULATIVE Cat. 14041 Cat. 1A1252 Cat. 22880 Cat. 3585 Cat. 4287 Cat. 5693 Cat. 6194 Cat. 76100 INDIVIDUALS PER RISK CATEGORY

49. CLAIMS AND LEGAL

50. 30% 18% 11% 8% 5% 4% 2% 1% 2% 1% 2% 1% 4% 1% HistoricalDistribution of Litigious ProcessesRecords

51. CASES BY SPECIALITY

52. CLOSED CASES BY TYPE OF CLAIM

53. CLOSSES CASES- TOTAL HISTORICAL AMOUNT EN $