Directorate Change Bladex Announces New Treasurer PANAMA CITY, Dec. 29 -- Banco Latinoamericano de Exportaciones, S.A. -- Bladex (NYSE: BLX) (+ACI-the Bank+ACI-), announced today the appointment of Gregory Testerman as Treasurer, effective January 1, 2005. Mr. Testerman replaces Christopher Hesketh, who will leave the Bank on December 31, 2004. +ACI-We are fortunate to have someone of Greg's caliber and experience joining us to replace Christopher, who did so much to establish Bladex's reputation for excellence and transparency,+ACI- stated Jaime Rivera, Bladex's CEO. A graduate of the University of Notre Dame, Mr. Testerman joins Bladex after a career with Banco Santander and Chase Manhattan Bank, where he served in treasury management roles throughout the U.S, Latin America, Japan, London and Brussels. He will be based in Panama City and will report to Mr. Rivera. Bladex is a supranational bank originally established by the central banks of Latin American and Caribbean countries to finance and promote trade in the Latin American and Caribbean region. Based in Panama, its shareholders include central banks and state- owned entities in 23 countries in the Region, Latin American and international commercial banks, and institutional and retail investors. For further information, please access http://www.blx.com or contact: Bladex, Head Office Calle 50 y Aquilino de la Guardia Panama, Republic of Panama Attention: Carlos Yap S., Senior Vice President - Finance Tel.: (507) 210-8581, E-mail: cyap+AEA-blx.com -or- i-advize Corporate Communications, Inc., 80 Wall Street, Suite 515 New York, NY 10005 Attention: Melanie Carpenter or Peter Majeski Tel.: (212) 406-3690, E-mail: bladex+AEA-i-advize.com SOURCE Banco Latinoamericano de Exportaciones, S.A. -0- 12/29/2004 /CONTACT: Carlos Yap S., Senior Vice President, Finance, Banco Latinoamericano de Exportaciones, +010-507-210-8581, or e-mail, cyap+AEA-blx.com+ADs- or Melanie Carpenter or Peter Majeski, both of i-advize Corporate Communications, 212-406-3690, or e- mail, bladex+AEA-i-advize.com, for Banco Latinoamericano de Exportaciones/ /FCMN Contact: pmajeski+AEA-i-advize.com / /Web site: http://www.blx.com / (BLX) END

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