CALCEM - Increasing production capacity of lime in Peru

approved

Calcem S.A. (“Calcem” or the “Company”) is a company incorporated in Peru for the construction and operation of a plant for the production of quicklime and calcium carbonates. The project will involve the construction of the plant and the acquisition and installation of an efficient kiln with a quicklime production capacity of 600 metric tons per day (the “Project”). The Calcem plant will be built on the existing premises of a cement plant located in the Condorcocha area. The Project will supply quicklime to the central and northern regions of the country. The Project will also involve the development of a new quarry in Caripa to provide raw materials for the plant.The transaction consists of a long-term financing to Calcem for up to US$50 million (or its equivalent in PEN), which will be allocated to the construction and commissioning of the new lime plant.