The company for electrical distribution Luz del Sur placed series A of the eleventh issue of its corporate bonds in the amount of 47 million 730 thousand Nuevos Soles, equivalent to US$ 15 million. The total authorized amount to issue is 25 million dollars and the remaining 10 million will be placed at the end of this month.

José Luis Godefroy, chief of financial analysis of the electrical company stated that the bonds were placed at an annual fixed nominal interest rate of 5,78 percent at a seven years term, and that the demand for these bonds reached 92.8 million Nuevos Soles.

Luis Fernando de las Casas, CFO of Luz del Sur, stated that the market showed a positive response in the auction which reflected the good acceptance of the investors to the distribution company bonds. He also stated that the funds will be used to replace the bonds issue that is due next week.

Lima, April 11, 2007.