from 1995 to 2000. He held various distinguished positions with banks and financial institutions as economist, financial advisor and analyst. He has a PhD in finance from the Wharton School of the Uni- versity of Pennsylvania, Philadelphia, and graduated from the Economics Program of the University of the Pacific, Lima, Peru. 

10.- GILBERTO PEREZALONSO CIFUENTES.  Direc- tor of the Company and Member of the Board since 2002. Treasurer of Asociación Vamos México A.C., consultant to the Presidency of Grupo Televisa S.A., and member of its Board and Executive Committee since 1998. From 1980 until February 1998, he held various positions with Grupo Cifra, S.A. de C.V., the last position being that of General Director of Administration and Finance. From 1998 until April 2001, Executive Vice-President of Administration and Finance of Grupo Televisa S.A. He is also mem- ber of the Investment Committee of IBM de Mexico, Member of the Advisory Council of Banco Nacional de Mexico, S.A. de C.V., and member of the Board and of the investment committee of Afore Banamex Aegon, Siefore Banamex No. 1, Gigante S.A. de C.V., International Center for Human Development, Costa Rica and Masnegocio Co. S. de R.L. de C.V. He has a law degree from the Iberoamerican University and a 

Master’s Degree in Business Administration from the Business Administration Graduate School for Central America (INCAE). He has also attended the corpo- rate finance program at Harvard University. 

11.- JUAN REBOLLEDO GOUT. Director of SPCC since May 30, 2003. He has been International Vice-President of Grupo Mexico since 2001. He was Undersecretary of Foreign Affairs of Mexico from 1994 to 2000, and Deputy Chief of Staff to the President of Mexico from 1993 to 1994. Previ- ously, he was Assistant to the President of Mexico (1989-1993), Director of the National Institute for the Historical Studies of the Mexican Revolution of the Secretariat of Government (1985-1988), Dean of Graduate Studies at the National Autonomous University of México, Political Science Department (1984-1985), and professor of said university (1981- 1983). Mr. Rebolledo holds a law degree from the National Autonomous University of Mexico, an MA in philosophy from Tulane University, and an LLM from Harvard Law School. 

12.- CARLOS RUIZ SACRISTÁN. Director of SPCC since February 12, 2004. Owner and managing part- ner of Proyectos Estrategicos Integrales, a Mexican investment banking firm specialized in agricultural, 

transport, tourism, and housing projects, since No- vember 2001. Held various distinguished positions in the Mexican government, the last one being that of Secretary of Communication and Transportation from 1995 to 2000. While holding that position, he was also Chairman of the Board of Directors of the Mexi- can-owned companies in the sector, and member of the Board of Directors of development banks. Mr. Ruiz holds a bachelor’s degree in business adminis- tration from the Anahuac University of Mexico City, and an MBA degree from Northwestern University of Chicago. 

## EXECUTIVE OFFICERS 

GERMÁN LARREA MOTA-VELASCO Chairman of the Board 

OSCAR GONZÁLEZ ROCHA President and Chief Executive Officer 

JAIME FERNANDO COLLAZO GONZÁLEZ Vice-President, Finance and Chief Financial Officer 

MARIO VINAGERAS Vice-President, Commercial 

REMIGIO MARTÍNEZ Vice-President, Exploration 

VIDAL MUHECH Vice-President, Projects 

ARMANDO ORTEGA Vice-President, Legal, General Counsel and Secretary 

JOSÉ N. CHIRINOS Treasurer and Assistant of Comptrollerr 

LUIS ECHEVARRÍA S.S. Assistant Secretary 

ERNESTO DURÁN TRINIDAD Comptroller 

## NEXT OF KIN 

Messrs. Germán Larrea Mota-Velasco, Chairman of the Board of the Company, and Genaro Larrea Mota-Velasco, a Director of the Company, are brothers or kindred in second degree of consanguinity. 

A company of which more than 50% of the voting power is held by a single entity, a “controlled company”, need not comply with the requirements of the New York Stock Exchange (“NYSE”) corporate governance rules requiring a majority of independent directors and independent compensation and nomination/corporate governance committees. SPCC is a controlled company as defined by the rules of the NYSE. Grupo Mexico owns indirectly 54.2% of the stock of the Company (63.1%, consider- ing Class A common shares are entitled to five votes per share.) The Company has taken advantage of the excep- tions to comply with the corporate governance rules of the NYSE. The Board of Directors of the Company de- termined that Messrs. Luis Miguel Palomino Bonilla, Gil- berto Perezalonso, and Emilio Carrillo, the three members 

of the Company’s Audit Committee, are independent of management and financially literate in accordance with the qualifications of the NYSE and the Securities and Exchange Commission (“SEC”), as such qualifications are interpreted by the Company’s Board of Directors in its business judgment. 

To the best of the Company’s knowledge, no other re- lationship of affinity and/or consanguinity exists among the other members of the Board, and between them and the Executive Officers of Southern Peru Copper Corporation. 

## SPECIAL COMMITTEES OF THE BOARD SPCC’S BOARD OF DIRECTORS HAS ORGA- NIZED THE FOLLOWING SPECIAL COMMITTEES: 

1) Executive Committee, sitting five members who substitute for the Board when sessions or decisions are required concerning urgent matters, or which the Board would have expressly delegated its mandate. 

2) Audit Committee, sitting three independent Board members who are knowledgeable in accounting and financial matters. Its main purpose is to (a) assist the Board in monitoring (i) the quality and integrity of the Company’s financial statements; (ii) the qualifications and independence of the indepen- 

