JANUARY

LIST OF ADHERING PARTIES FOR 2009 ECUADOR CDS PROTCOL
This list of entities adhering to the 2009 Ecuador CDS Protocol is set forth below by date.


LAST UPDATED:  January 12, 2009

NO. OF ADHERING PARTIES: 42


SUBMISSION DATE OF MOST RECENT LETTER
PARTICIPANT
January 12, 2009ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. Investment Managers, acting on behalf of the funds ESPA BOND EMERGING-MARKETS and ESPA CASH EMERGING-MARKETS
January 12, 2009Standard Bank Plc
January 12, 2009Nomura International plc
January 12, 2009CALYON
January 12, 2009Erste Group Bank AG
January 9, 2009GMO Emerging Country Debt Fund
January 9, 2009THE ROYAL BANK OF SCOTLAND PLC
January 9, 2009QFR Master Victoria Fund, L.P.
January 9, 2009ABN AMRO Bank N.V.
January 9, 2009MERRILL LYNCH CAPITAL SERVICES, INC.
January 9, 2009MERRILL LYNCH INTERNATIONAL
January 8, 2009GOLDMAN SACHS BANK USA
January 8, 2009GMO Emerging Country Debt, L.P.
January 8, 2009UBS Limited
January 8, 2009UBS AG
January 8, 2009GOLDMAN SACHS INTERNATIONAL
January 8, 2009ING Bank N.V.
January 8, 2009WestLB AG
January 8, 2009HSBC Bank plc
January 7, 2009STICHTING PENSIOENFONDS ABP
January 7, 2009ESP Funding I Ltd.
January 7, 2009The Liverpool Limited Partnership
January 7, 2009Elliott Associates, L.P.
January 7, 2009Elliott International, L.P.
January 7, 2009HBK Master Fund L.P.
January 7, 2009Deutsche Bank
January 7, 2009HSBC BANK USA, NATIONAL ASSOCIATION
January 7, 2009SWISS RE FINANCIAL PRODUCTS CORPORATION
January 7, 2009Commerzbank Aktiengesellschaft
January 7, 2009Dresdner Bank AG
January 7, 2009DBS BANK LTD
January 7, 2009STANDARD CHARTERED BANK
January 6, 2009Citigroup Global Markets Limited
January 6, 2009Citibank, N.A.
January 6, 2009CREDIT SUISSE SECURITIES (EUROPE) LIMITED
January 6, 2009CREDIT SUISSE INTERNATIONAL
January 6, 2009Credit Suisse Securities (USA) LLC
January 6, 2009Credit Suisse Management LLC
January 6, 2009Credit Suisse, Cayman Islands Branch
January 6, 2009MORGAN STANLEY CAPITAL SERVICES INC.
January 6, 2009BARCLAYS BANK PLC
January 6, 2009JPMorgan Chase Bank, N.A.