Reference is made to the Indenture (the "Indenture") dated as of November 6, 2009 between Banco de Crédito del Perú, acting through its Panamanian Branch (the "Company"), and The Bank of New York Mellon, as trustee, paying agent, registrar, calculation agent and transfer agent, relating to the Company's 9.75% Non-Cumulative Fixed/Floating Rate Step-Up Junior Subordinated Notes Due 2069 (the "Notes"). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Indenture. Pursuant to Section 5.5 of the Indenture, notice is given of the Company's election to redeem the Notes pursuant to Section 5.1 of the Indenture. The Company hereby notifies Holders that: the Redemption Date shall be November 6, 2019; the Base Redemption Amount is USD 250,000,000; the Company is redeeming all Outstanding Notes; on the Redemption Date, the redemption price and any accrrued and unpaid interest payable to the Redemption Date will become due and payable in respect of each Note to be redeemed and, unless the Company defaults in making the redemption payment, interest on each Note to be redeemed will cease to accrue on and after the Redemption Date; payment of the redemption price and any accrued and unpaid interest the Notes shall be made by the Trustee to DTC in accordance with Section 5.7 of the Indenture; no representation is made as to the accuracy or correctness of the CUSIP or ISIN numbers listed above or printed on the Notes; the authorization of the SBS has been obtained for redemption of the Notes pursuant to Section 5.1 of the Indenture.