Accept amendment to extend the deadline for submitting PETROPERÚ's audited Financial Statements

As a result of the steps taken by PETROPERÚ, in the context of the meetings in Madrid-Spain from May 17 to 19, the entities of the Spanish Government and the syndicate of banks have approved the request for an amendment to the Credit Agreement, with the purpose to extend the deadline for submitting the audited Financial Statements corresponding to the fiscal year ended December 31, 2021 (EEFF 2021) until September 30, 2022. This achievement will allow PETROPERÚ to continue in its strong recovery process for its financial sustainability. The negotiations were carried out through Deutsche Bank, administrative agent of the contract.

In the meetings with the Spanish Export Credit Agency (CESCE), the Spanish Ministry of Industry, Commerce and Tourism and the banks, the representatives of PETROPERÚ explained the situation of the Company and the strategies of the new Administration to recover the trust of its stakeholders, as a context for the request for the new deadline for the presentation of the Financial Statements 2021.

As recalled, in 2018, PETROPERÚ received the funds from the disbursement of a long-term loan for an amount of US$ 1,300 million guaranteed by CESCE (Credit Agreement), in whose financing a total of thirteen international banks participated.

Likewise, on Monday, May 23, PETROPERÚ initiated a request for consent addressed to the holders of its international bonds in order for them to give their consent to the amendment of the instruments under which the bonds were issued, so that the deadline for the presentation of the 2021 financial statements is also extended until September 30, 2022. The details of the request, including the term that the holders have to give their consent, were disclosed through the press release issued last Monday, May 23.

These actions with PETROPERÚ's creditors have been managed after the signing of the contract with PricewaterhouseCoopers (PwC) for the audit of the Financial Statements 2021, whose short report is expected to be ready by the end of August 2022.

The steps taken are part of the action plan of the new Administration to regain market confidence, which will make it possible to continue effectively stabilizing PETROPERÚ's financial situation.