Banco Hipotecario S.A. announced the commencement of its offer to purchase for cash up to USD 75,000,000 aggregate principal amount of its outstanding 9.750% Notes due 2020, Series No. 29, upon the terms and subject to the conditions described in the Offer to Purchase dated March 13, 2019 and the accompanying Letter of Transmittal dated March 13, 2019. Banco Hipotecario's acceptance for purchase of the Notes is subject to the Maximum Tender Amount. If the aggregate principal amount of Notes that are validly tendered and not validly withdrawn would exceed the Maximum Tender Amount, the amount of Notes accepted for purchase may be subject to proration with the proration factor depending on the aggregate principal amount of the Notes validly tendered. If the aggregate principal amount of Notes tendered on or prior to the Early Tender Date equals, or exceeds, the Maximum Tender Amount, holders who tender Notes after the Early Tender Date will not have any of their Notes accepted for purchase. If the aggregate principal amount of Notes tendered on or prior to the Early Tender Date does not exceed the Maximum Tender Amount, holders who validly tender Notes after the Early Tender Date may be subject to proration, but holders who validly tender Notes on or prior to the Early Tender Date and whose Notes are accepted for purchase will not be subject to proration. Banco Hipotecario reserves the right, in its sole discretion, subject to applicable law, to increase the Maximum Tender Amount without extending or otherwise reinstating the withdrawal rights of Holders; however, there can be no assurance Banco Hipotecario will do so.