**Credicorp Ltd. Challenges SUNAT's Tax Reassessment in Legal Dispute** Lima, June 30, 2025 - Credicorp Ltd., a prominent financial services holding company in Peru, has initiated legal action against the Peruvian Tax Administration (SUNAT) over a tax dispute involving transactions conducted by its subsidiary, Grupo Crédito S.A. The transactions in question, related to the purchase of Banco de Crédito del Perú shares in 2018 and 2019, were previously reviewed and approved by SUNAT's Review Committee, confirming their authenticity and compliance with legal norms. Despite this, SUNAT has reopened the case, demanding over S/. 1.5 billion in alleged unpaid income tax and accrued interest, which Credicorp argues is a breach of legal predictability and disregards established legal norms. Credicorp asserts that at the time of the transactions, Peruvian law exempted such transactions from income tax under certain conditions, which were met. Credicorp is evaluating its response and plans to pursue all appropriate legal channels to defend its position, emphasizing its commitment to regulatory compliance and protecting stakeholder interests. According to International Accounting Standards, no expense provisions are deemed necessary for this case.