Transaction Reports Corredor Norte Toll Road

Empresa Nacional de Autopista (ENA)

acquires Corredor Norte toll road concession

Legal advisors to Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA):

Empresa Nacional de Autopista (ENA) acquires Corredor Norte toll road concession

The Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA) have acquired the Corredor Norte, a toll road concession in the Republic of Panama, for US$647 million as part of the government’s plan to improve infrastructure in the country.

The acquisition of the Corredor Norte was one of the centerpieces of the Panamanian government’s infrastructure improvement plan, and was implemented through ENA Norte, S.A. As collateral on the Notes, ENA

Norte, S.A., assigned its rights under the Concession to the ENA Norte Trust, a trust created in order to act as issuer of the Notes. HSBC Securities (USA), Inc., and Global Bank Corporation acted as Joint Lead Managers, while HSBC BANK (PANAMA), S.A., was selected to act as trustee of the ENA Norte Trust. The issue of these secured notes was structured with a pass-through repayment mechanism, with all excess cash to be used to repay the principal. The proceeds from the Notes, which were issued under Rule 144-A/Reg S, were used to finance part of the US$647MM purchase price for the Corredor Norte concession.

Health Care REIT

Health Care REIT Completes $1.7 Billion

Common Stock Offering Joint book-running managers:

Health Care REIT Completes $1.7 Billion Common Stock Offering

Health Care REIT, Inc. announced it has successfully completed its public offering of 29,900,000 shares of common stock at a price of $56.00 per share for total gross proceeds of approximately $1.7 billion. Total shares sold include 3,900,000 shares sold pursuant to the underwriters’ exercise in full of their option to purchase additional shares.

The company intends to use the net proceeds from this offering to repay advances under its unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care and seniors housing properties.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Deutsche Bank Securities, KeyBanc Capital Markets and Wells Fargo Securities acted as joint book-running managers for the offering.

Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services. As of June 30, 2012, the company’s broadly diversified portfolio consisted of 1,010 properties in 46 states and Canada.