Camposol announces results of its exchange offer, reduction of minimum tender condition and extension of expiration date

Lima, May 20, 2016 - Camposol S.A. (the "Company") announced today the results of its offer to exchange Existing Notes for New Notes announced on April 11, 2016 (the "Exchange Offer"). The Company received tenders from 73.77% of holders of Existing Notes, representing US$147,542,000, of the aggregate US$200,000,000 principal amount of notes outstanding. A total of US$52,458,000 principal amount of Existing Notes has not been tendered in the Exchange Offer.

The Company also confirmed that it intends to waive the previously announced minimum tender condition of 95% (the "Minimum Tender Condition") and that it intends to settle the Exchange Offer at the current participation level.

The Company further announced that it will extend the expiration date of the Exchange Offer to midnight, New York City time, on May 24, 2016 (the "Extended Expiration Date"). Holders of Existing Notes who previously tendered their Notes in the Exchange Offer will have the right to withdraw their tenders at any time prior to midnight on the Extended Expiration Date. If tendered Existing Notes are withdrawn prior to the Extended Expiration Date and a lower percentage participates in the Exchange Offer than has been tendered through the date hereof, the Company will have to reevaluate whether it can successfully settle the Exchange Offer at such lower participation percentage. Holders of Existing Notes who have not tendered Existing Notes in the Exchange Offer prior to the date hereof may do so at any time until midnight on the Extended Expiration Date.

On the settlement date of the Exchange Offer, holders of Existing Notes who have validly tendered and not validly withdrawn their Existing Notes, will receive for each US$1.00 of Existing Notes tendered, US$1.00 of New Notes plus the payment of a Participation Fee equal to 1.00% of the principal amount of Existing Notes tendered. The New Notes will bear interest at an annual rate of 10.50% and will mature in 2021.

The Company also announced that after settlement of the Exchange Offer, it intends to contact holders of Existing Notes who have not participated in the Exchange Offer in an effort to obtain additional exchanges for New Notes. Any such additional exchanges, if accepted, would require the Company to issue additional New Notes under the New Notes indenture. In addition, the Company is seeking extensions of its existing lines of credit in an effort to address its short-term liquidity and working capital requirements.