Luxembourg, May 19,2009

Luxembourg School of finance

To whom it may concem:

Carlos Garcia de la Fuente is currently completing the Master of Science in Bankingand Finance pro gram and l am confident he will receive his diploma in early 2010.

As a full-time student, he has attended our lectures on different financial topics andhas done the related coursework and exams, and achieved very good marks.

He is a serious student, very diligent and well integrated with his colleagues.Despite not having a financial background, he has been able to successfully completehis coursework and shows an aptness to work in different fields with ease. As for theassignments Carlos hands in, they are well prepared and explained in a clear and time-effective way.

Carlos has also often accepted to coordinate works for groups. He might not readilybe seen as someone with leadership capacities, but this is mistaken; he takes initiativeand is able to coordinate things well to the interests of all involved.

Apart from Master-related tasks, Carlos actively contributes to developing activities atthe Luxembourg School of Finance (LSF). He has helped organise events, andsuggested social activities aiming at enhancing relationships between the students. Hehas also represented his class in the organisation of other actions involving studentsand alumni.

For all the reasons listed above, l warmly recommend Carlos to your organisation. Heis a good fellow and would be an asset to your team.

Luxembourg School of Finance4, rue Albert BorschetteL-1246luxembourgT. +352/ 46 66 44 6807/ -6335F. +352 / 46 66 44 6835

Siège social- Campus limpertsberg162a, avenue de la FaïencerieL-1511 LuxembourgT. +352/ 46 66 44 6000F. +352/ 46 66 44 6567

Établissement publicLoi du 12 août 2003Mémorial A149 du 6 oct. 2003TVA Intracom. LU 19805732N° R.C.S.L -Luxembourg J20

Ilili .IIIUNIVERSITÉ DULUXEMBOURG