IMPORTANT: You must read the following disclaimer before continuing.
The following disclaimer applies to the Invitation, whether received by e-mail or otherwise received as a result of electronic communication, including through
the website for the Invitation maintained by the Information and Tender Agent, and you are therefore advised to read this disclaimer page carefully before
reading, accessing or making any other use of the attached document. In accessing the Invitation, you agree to be bound by the following terms and conditions,
including any modifications made to them from time to time, each time you receive any information from us at any time. Capitalized terms used but not otherwise
defined in this disclaimer shall have the meaning given to them in the Invitation.
The Invitation should not be forwarded or distributed to any other person and should not be reproduced in any manner whatsoever. Failure to comply with these
instructions may result in a violation of the applicable laws and regulations of the United States or other jurisdictions.
The delivery of this Invitation shall not under any circumstances create any implication that the information contained herein is correct as of any time subsequent
to the date hereof or that there has been no change in the information set forth herein or in the affairs of El Salvador or any of El Salvador’s instrumentalities
since the date hereof.
Confirmation of your representation:
By accessing the Invitation you shall be deemed to have represented to El Salvador, the Dealer Manager and the Information and Tender Agent, that:
(i) you are a holder or a beneficial owner of Notes;
(ii) you are not a person to whom it is unlawful to send the attached Invitation or to make the Invitation to under applicable laws and regulations including
those outlined in the section entitled “Jurisdictional Restrictions;”
(iii) you have made all the representations of this Invitation. See “Holders’ Representations, Warranties and Undertakings;” and
(iv) you consent to delivery of the Invitation to you by electronic transmission.
The Invitation has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the
process of transmission and consequently none of El Salvador, the Dealer Manager, the Information and Tender Agent or any person who controls, or is a director,
officer, employee or agent, of any of them, or any affiliate or instrumentality of any such person, as the case may be, accepts any liability or responsibility
whatsoever in respect of any difference between the Invitation distributed to you in electronic format and the hard copy version available to you on request from
the Information and Tender Agent at the address specified on the back cover of the Invitation.
You are reminded that the Invitation has been delivered to you on the basis that you are a person into whose possession the Invitation may lawfully be
delivered in accordance with the laws of the jurisdiction in which you are located or resident and you may not, nor are you authorized to, deliver, transmit,
forward or otherwise distribute the Invitation, directly or indirectly, to any other person.
The materials relating to the offering to which the Invitation relates do not constitute, and may not be used in connection with, an offer or solicitation in
any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Invitation be made by a licensed broker or dealer and the
Dealer Manager or any of its affiliates is a licensed broker or dealer in that jurisdiction, the Invitation shall be deemed to be made by the Dealer Manager
or its affiliate in that jurisdiction.
Nothing in this electronic transmission constitutes an offer to buy or the solicitation of an offer to sell securities in any jurisdiction in which such
offer or solicitation would be unlawful. Securities may not be offered or sold in the United States absent registration or an exemption from registration,
and any public offering of securities to be made in the United States will be made by means of a prospectus.
You must comply with all laws that apply to you in any place in which you possess this Invitation. You must also obtain any consents or approvals that you need in
order to accept this Invitation and submit Offers. None of El Salvador, the Dealer Manager or the Information and Tender Agent is responsible for your compliance
with these legal requirements. It is important that you read “Jurisdictional Restrictions” on the next page.
After the Expiration Deadline, El Salvador, from time to time, may purchase additional Notes in the open market, in privately negotiated transactions,
through tender offers or otherwise, or may redeem Notes pursuant to the terms of the Notes and the relevant fiscal agency agreement or indenture governing
such Notes. Any future purchases may be on the same terms or on terms that are more or less favorable to holders of Notes than the terms of the Invitation.
Any future purchases by El Salvador will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives
(or combinations thereof) El Salvador may choose to pursue in the future.
By clicking "I AGREE" below, you acknowledge that you are a Person with Interest in the Notes entitled to view the contents of this
website and you acknowledge and agree to the terms and conditions set forth above. Specifically, by clicking "I AGREE" below, you acknowledge
that you are a person into whose possession the Offer to Purchase may be lawfully delivered in accordance with the laws of the jurisdiction in
which you are located and make all the Holders' Representations, Warranties and Undertakings. If you are not a Person with Interest in the Notes,
or you do not so acknowledge and agree,
you are not entitled to enter website. If this is the case you must leave the website by clicking "I DISAGREE" below.
