Corporacion Financiera de Desarrollo : Early redemption / Cancellation / Delisting

NOTICE OF FULL REDEMPTION

To the Holders of

Corporación Financiera de Desarrollo S.A.

5.250% Fixed-to-Floating Rate Subordinated Notes due 2029 CUSIP: 21987DAB0 / ISIN: US21987DAB01 (Rule 144A)

CUSIP: P3R94GAA7 / ISIN: USP3R94GAA71 (Reg S)

NOTICE IS HEREBY GIVEN to the Holders of record of the 5.250% Fixed-to-Floating Rate Subordinated Notes due 2029 (the "Notes") of Corporación Financiera de Desarrollo S.A., (the "Issuer"), as such Holders appear in the Security Register, that, pursuant to Section 3.9 of the Indenture, dated as of July 15, 2014 (the "Indenture"), among the Issuer, The Bank of New York Mellon, as trustee (the "Trustee"), paying agent, transfer agent, calculation agent and security registrar, and The Bank of New York Mellon SA/NV, Luxembourg Branch (formerly known as The Bank of New York Mellon (Luxembourg) S.A.), as Luxembourg paying agent and Luxembourg transfer agent, governing the Notes, the Issuer elects to redeem 100% of the Notes that remain outstanding on the date hereof (the "Redeemed Notes"). Unless otherwise defined herein, terms defined in the Indenture are used herein as therein defined.

Pursuant to Section 3.4 of the Indenture, the Redeemed Notes will be redeemed on July 15, 2024 (the "Redemption Date") at a redemption price (the "Redemption Price") equal to 100% of the outstanding principal amount of the Redeemed Notes, plus any accrued and unpaid interest on the principal amount of such Redeemed Notes up to, but not including, the Redemption Date, plus any Additional Amounts.

The Redemption Price will be paid to the Holders on the Redemption Date. In accordance with Section 3.6 of the Indenture, no additional interest shall accrue on or after the Redemption Date unless the Issuer defaults in the payment of the Redemption Price.

TRUSTEE, PAYING AGENT, TRANSFER AGENT, CALCULATION AGENT AND SECURITY REGISTRAR

The Bank of New York Mellon

240 Greenwich Street

New York, New York 10286

United States of America

Attention: Global Client Services, Cross Border Structured

Payment of the Redemption Price with respect to any certificated Note held in non-global form will be made only upon presentation and surrender thereof to the Paying Agent at the address set forth above, or in respect of Notes held in book-entry form, in accordance with the applicable procedures of DTC.

On the Redemption Date, the Redemption Price will be due and payable in respect of the Redeemed Notes. So long as the Issuer has deposited with the Trustee funds in satisfaction of the Redemption Price, interest on the Redeemed Notes will cease to accrue on and after the Redemption Date.

Immediately after the Redemption Date and subsequent to the payment of the Redemption Price, all Redeemed Notes will be cancelled by the Trustee and none of the Notes originally issued will remain outstanding.

Corporación Financiera de Desarrollo S.A.

June 14, 2024

IMPORTANT TAX INFORMATION

Payments made to a Holders of Notes in connection with the redemption of the Notes held by such Holder may be subject to tax withholding under applicable law unless the Trustee has the Holder of the Notes' correct taxpayer identification number, as well as certain other information, or the Holders of the Notes otherwise establishes an exemption from withholding. If you believe that you are exempt from withholding, please furnish a properly completed and executed IRS Form W-9, Form W-8 or other applicable exemption certificate establishing such exemption when presenting your Notes.

Corporación Financiera de Desarrollo S.A.

Augusto Tamayo 160, Lima 27, Peru