Yesterday, the electricity distribution company Luz del Sur S.A.A. placed the B series of the sixth issuance of its corporate bonds in the amount of S/. 51 million 915 thousand, equivalent to US$ 15 million, thus completing the total authorized amount of the sixth issuance in the amount of US$ 25 million.

Luis Fernando de las Casas, Financial and Comptroller Manager of Luz del Sur, said that there was a positive market reaction in the auction sale and that the funds obtained would be used to amortize the short term and corporate bonds loans.

On the other hand, Jose Luis Godefroy, Chief of Financial Analysis of the electricity company, stated that the bonds were placed at an annual fixed face interest rate of 3,96875%, in a 2-year term, and that the demand for such bonds had reached S/. 113,1 million.

Lima, January 2004.