Beginning of closed period in the INC S.A.

INC S.A. announces that on January 20, 2015 started a closed period in the company, which will continue until the publication of the annual report, that is until March 20, 2015. During this period, there will be not conducted any share buyback. Until that time the company bought back its 303 097 own shares representing 3.6329% of the share capital, which confer the right to 3.0793% of votes at the General Meeting of the Company.