Banco Hipotecario S.A. announced offer to exchange any and all of its USD 279,801,000 aggregate principal amount of outstanding 9.750% Series 29 Notes due 2020 for 9.750% Series 4 Notes due 2025, Banco Hipotecario S.A. announced the results as of the Expiration Date (as defined in the Exchange Offer Offering Memorandum dated September 8, 2020, as amended on September 22, 2020). The Expiration Date with respect to the Exchange Offer occurred at 5:00 p.m., New York City time, on October 8, 2020. According to information provided by D.F. King & Co. Inc., the exchange agent and information agent for the Exchange Offer, USD 130,560,000 aggregate principal amount of the Old Notes were validly tendered prior to or at the Expiration Date, including Old Notes validly tendered and not validly withdrawn prior to or at the Early Participation Date. Such aggregate amount represents 46.66% of the outstanding aggregate principal amount of Old Notes. The Bank has decided to waive the Minimum Exchange Condition. Holders of Old Notes validly tendered prior to or at the Expiration Date are eligible to receive an early exchange consideration of USD 600.00 of New Notes and USD 420.00 of cash per USD 1,000 principal amount of the Old Notes validly tendered and accepted for exchange pursuant to the terms of the Exchange Offer Offering Memorandum, as amended on September 22, 2020.