UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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In re:

THE FINANICAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO

RICO,

As representative of

THE COMMONWEALTH OF PUERTO

RICO, et al.,

Debtors.1

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PROMESA Title III

No. 17 BK 3283-LTS

 (Jointly Administered)

DECLARATION OF NATALIE JARESKO

I, Natalie Jaresko hereby declare as follows:

1. I provide this Declaration pursuant to the Puerto Rico Recovery Accuracy in

Disclosures Act of 2021, Pub. L. No. 117-82 (“PRRADA”). I understand that this Declaration is

filed to address certain inquiries of the Office of the United States Trustee.

2. The facts set forth in this Declaration are based upon my personal knowledge, upon

information and belief, and upon records kept and reviewed by me.

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four

(4) digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto

Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales

Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal

Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK

3567-LTS) (Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of

the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal

Tax ID: 9686); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS)

(Last Four Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy

Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as

Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:24371-1 Filed:05/31/23 Entered:05/31/23 13:46:32 Desc:

Exhibit A Page 1 of 3
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3. On March 13, 2023, Ernst & Young U.S. LLP (“EY US LLP”) hired me as a

Managing Director in EY-Parthenon’s Turnaround and Restructuring Strategy practice. I

previously served as the Executive Director for the Financial Oversight and Management Board

for Puerto Rico (the “FOMB” or the “Oversight Board”) from 2017 until 2022; I stepped down as

Executive Director effective April 1, 2022. The FOMB is aware of my employment with EY US

LLP.

4. On March 21, 2023 I was notified that EY LLP has implemented protocols

restricting my communications with EY professionals working on FOMB and Puerto Rico

restructuring engagements, and my access to information regarding those engagements. I

understand that I will not have access to the confidential client information for FOMB or Puerto

Rico restructuring engagements and I have not had access to such information since EY US LLP

hired me. I understand that the above-described protocols were implemented on March 21, 2023.

5. I further understand my continuing obligation to protect the confidentiality of

information I obtained by virtue of my employment with the FOMB. Specifically, I understand

that I am prohibited from directly or indirectly using, making available, selling, disclosing, or

otherwise communicating to any person, any business or technical information or trade secrets,

nonpublic, proprietary or confidential information, knowledge or data relating to the Board or

provided to the Board by third parties, which I obtained during my employment by the Board. I

have agreed to comply with the confidentiality provisions set forth in my employment agreement

with the FOMB. I understand that these protocols have been implemented to ensure that EY LLP

does not and will not use any confidential information gained by me from my tenure on the

Oversight Board. I understand that EY has not used such confidential information in the past.

Case:17-03283-LTS Doc#:24371-1 Filed:05/31/23 Entered:05/31/23 13:46:32 Desc:

Exhibit A Page 2 of 3
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6. Finally, I have not and will not be advising, informing, intervening, cooperating, or

representing in any capacity, directly or indirectly, in any matters in connection with EY’s work

on FOMB engagements or Puerto Rico restructuring engagements, or any adversary proceeding

Drivetrain may bring against EY LLP relating to prepetition acts or omissions.

Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury that the foregoing is true

and correct to the best of my knowledge, information and belief.

Dated: May 22, 2023

/s/ Natalie Jaresko

Natalie Jaresko

Case:17-03283-LTS Doc#:24371-1 Filed:05/31/23 Entered:05/31/23 13:46:32 Desc:

Exhibit A Page 3 of 3