Dividend Declaration

Name	Symbol	Market	Type
Max S&P 500 4x Leveraged ETN due October 30 2043	AMEX:XXXX	AMEX	Bond

Name

Symbol

Market

Type

Max S&P 500 4x Leveraged ETN due October 30 2043

AMEX:XXXX

AMEX

Bond

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	38.54				0	01:00:00

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

0.00

0.00%

38.54

01:00:00

Dividend Declaration

29/12/2004 7:00am

PR Newswire (US)

Max S&P 500 4x Leveraged... (AMEX:XXXX)
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Dividend Declaration Bladex Declares Dividend Payment for Fourth Quarter 2004 Period PANAMA CITY, Dec. 29 -- Banco Latinoamericano de Exportaciones, S. A. (NYSE: BLX) (Bladex) announced that the $0.15 per share quarterly cash dividend for the year 2004, authorized by the Board of Directors on February 3, 2004, and corresponding to the fourth quarter of 2004, is payable on January 17, 2005, to stockholders of record as of January 6, 2005. As of November 30, 2004, Bladex had 38,890,837.20 common shares of all classes outstanding. Bladex is a supranational bank originally established by the Central Banks of Latin America and Caribbean countries to promote trade finance in the region. Based in Panama, its shareholders include central and state-owned entities in 23 countries in the region, as well as Latin American and international commercial banks, and institutional and retail investors. For further information, please access our web site on the Internet at 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, +011-507-210-8581, E-mail: cyap@blx.com -or- i-advize Corporate Communications, Inc. 80 Wall Street, Suite 515, New York, NY 10005 Attention: Melanie Carpenter or Peter Majeski 212-406-3690, E-mail: bladex@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, +011-507-210-8581, or e-mail, cyap@blx.com; or Melanie Carpenter or Peter Majeski, both of i-advize, +1-212-406-3690, or e- mail, bladex@i-advize.com, for Banco Latinoamericano de Exportaciones/ /Web site: http://www.blx.com / (BLX) END

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XXXX Max S&P 500 4x Leveraged ETN due October 30 2043