Letter Regarding Qualified Person Status

PESQUERA EXALMAR S.A.A.

December 22, 2017

To the beneficial owners, or representatives acting on behalf of beneficial owners, of the securities listed below
of Pesquera Exalmar S.A.A. (the “Company”):

The Company is undertaking a transaction with respect to its 7.375% Senior Notes due 2020 (CUSIP Nos. 715795 AA8/P7744A AA4)
(the “Existing Notes”).

The transaction will be available only to the following holders of Existing Notes (collectively, “Eligible Holders”):
(a) in the United States, holders of Existing Notes who are “Qualified Institutional Buyers” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)), or
(b) outside the United States, holders of Existing Notes who are persons other than U.S. persons in reliance upon Regulation S under the Securities Act.
To receive further information, please complete the attached eligibility letter and return it to D.F. King & Co., Inc. at the address set forth therein.

I am an "Eligible Holder"

I am not an "Eligible Holder"

This letter neither is an offer or solicitation with respect to the Existing Notes nor any other security.

PLEASE RESPOND NO LATER THAN 5:00 P.M., NEW YORK CITY TIME, ON JANUARY 23, 2018.

You may direct any questions to D.F. King & Co., Inc., Attn: Andrew Beck, at 48 Wall Street, 22nd Floor, New York, NY 10005, telephone number: (866) 864-7964.

Very truly yours,

PESQUERA EXALMAR S.A.A.

Rossanna Ortiz Rodriguez
Chief Executive Officer

Raul Briceρo Valdivia
Chief Financial Officer