Banco de Crédito del Perú (BCP) announced the proration factor to be applied in connection with its previously announced offer to purchase for cash (the "PEN Notes Tender Offer") up to S/1,600 million (the "PEN Notes Maximum Tender Amount") of the outstanding 4.850% Senior Notes due 2020 issued by BCP (the "PEN Notes"). As announced on September 11, 2019 (the Early Tender Date), BCP has been advised by D.F. King & Co. Inc., the information and tender agent (the "Information and Tender Agent"), that, as of the Early Tender Date, S/1,847.2 million in aggregate principal amount of the PEN Notes, or approximately 92.36% of the outstanding PEN Notes, had been validly tendered (and not validly withdrawn) pursuant to the PEN Notes Tender Offer. Because BCP will only accept for purchase PEN Notes in an aggregate principal amount that will not exceed the PEN Notes Maximum Tender Amount of S/1,600 million, subject to and conditioned upon the satisfaction or waiver of certain conditions, including, without limitation, the PEN Financing Condition, described in the Offer Documents, PEN Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date will be accepted for purchase using a proration factor of approximately 86.62%, as more fully described in the Offer to Purchase. In accordance with Peruvian Central Bank rules, BCP will not increase the PEN Notes Maximum Tender Amount. The terms and conditions of the PEN Notes Tender Offer are described in the offer to purchase dated August 28, 2019 (the "Offer to Purchase") and the related letter of transmittal. The PEN Notes Tender Offer will expire at 11:59 p.m., New York City time, on September 25, 2019, unless extended, terminated early or withdrawn (such date and time, as the same may be extended, the "PEN Expiration Time"). Because BCP has been advised by the Tender Agent and Information Agent that, as of the Early Tender Date, S/1,847.2 million in aggregate principal amount of the PEN Notes, or approximately 92.36% of the outstanding PEN Notes, had been validly tendered (and not validly withdrawn) pursuant to the PEN Notes Tender Offer, BCP will not accept any PEN Notes for purchase that are tendered after the Early Tender Date and prior to the PEN Expiration Time. As set out in the Offer to Purchase, because DTC does not have the ability to deliver payments to its participants in Peruvian Soles, BCP will pay the Purchase Price and, if applicable, Accrued Interest, in U.S. dollars, by translating the applicable amount in Peruvian Soles into U.S. dollars at the Representative Market Rate (as defined in the Offer to Purchase) on the Early Tender Date. The Representative Market Rate in effect on September 11, 2019 is of S/3.3426 per $1.00.