WARNING – NON AUTHORIZED ENTITY – ECN ALPHA LIMITED INC.

The “Superintendencia del Mercado de Valores” of the Republic of Panama (hereinafter the “SMV”), in accordance with its legal duty to strengthen and develop the securities market in Panama, in compliance with regulations of the Securities Law and its regulation, warns to the public as follows:

The company ECN ALPHA LIMITED INC., registered before the Public Registry under form number 726824, Mercantile Section of Panama, has not been issued any kind of license by the SMV, nor has been authorized to carry out businesses as financial intermediaries of securities or investments in or from the Republic of Panama.

For further information regarding this Release, please contact us by phone at (507) 501-1700, fax (507) 501-1709, or email info@supervalores.gob.pa

The list of all the institutions authorized by the SMV is available in our Web site www.supervalores.gob.pa.

Julio Javier Justiniani

Chairman

June, 26^th 2012.