Code of Ethics

Grupo IP | Código de Ética 15 a) Compatible with the institutional nature or relevance of the representation of the respective office; or b) Are a socially suitable conduct pursuant to habitual use and custom. • They must report, via the channels mentioned in 9.2., any attempts by third parties of fraud, bribes or corruption, identifying the respective agents. • Employees are prohibited from making personal offers to third parties or to promise any kind of benefit to entities or individuals outside the IP Group that could be considered as favors. • Employees may only make institutional gifts to third parties who have been previously authorized by their respective superior, provided that such gifts are, cumulatively, offered on behalf of the IP Group’s companies, are related with their activity and correspond to habitual custom or practice in the sector. • Employees cannot make monetary contributions, or contributions of any nature, to political parties on behalf of the Company. 4.2. In exceptional situations where it proves unfeasible or inadvisable to decline or return a gift, the Company shall take ownership of the respective gift. In such cases, the employee must hand the gift over to the department for social responsibility, which shall decide where to send the gift, donating it in favor of a social solidarity cause or entity. 4.3. Employees must communicate, for company records, all gifts received and, in turn, all departmental units are to maintain an updated register of gifts accepted by their employees and report this information every year to the IP Internal Audit Department.