NOTICE TO NOTEHOLDERS

CORPORACIÓN ANDINA DE FOMENTO

(the "Issuer")

USD 30,000,000,000 Medium Term Note Programme (the "Programme")

USD 10,000,000 6.00% Notes due 7 June 2034 (XS2837882963) (the "Notes")

EXERCISE OF ISSUER'S CALL OPTION AND REDEMPTION IN FULL OF THE NOTES

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES), OR TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933), OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 

Reference is made to the Issuer's Programme and the terms and conditions set out in the offering circular dated 23 October 2025 relating to the Programme as completed by the final terms relating to the Notes dated 5 June 2024 (the "Terms and Conditions"). 

Capitalised terms used in this notice and not otherwise defined in this notice shall have the meanings given to them in the Terms and Conditions.  

The Issuer hereby gives irrevocable notice to the Noteholders that it exercises its option to redeem all outstanding Notes in accordance with Condition 10(c) (Redemption and Purchase-Redemption at the option of the Issuer) (the "Redemption"). The Redemption will occur on 8 June 2026 (the "Redemption Date"). 

As set out in Condition 10(c) (Redemption and Purchase-Redemption at the option of the Issuer), the Notes will be redeemed at their Optional Redemption Amount (Call) (USD 100,000 per Calculation Amount) together with interest accrued to (but excluding) the Redemption Date (if any) (the "Redemption Amount").  

The Redemption Amount will be paid to the Noteholders through Euroclear Bank SA/NV and Clearstream Banking S.A. (the "Clearing Systems") for payment to the cash accounts of each person who is shown in the records of the Clearing Systems as a holder of the Notes on the Clearing System Business Day before the Redemption Date.

The payment of the aggregate Redemption Amount to the Clearing Systems will discharge the obligations of the Issuer to all Noteholders in respect of the payment of the Redemption Amount for the Notes and no additional interest will be payable to a Noteholder if there is any delay in the transmission of funds, including the Redemption Amount, to the Noteholders from any Clearing Systems or any other relevant intermediary with respect to the Notes.

After the Redemption, there will be no Notes outstanding and the Notes will be delisted from the Financial Conduct Authority's Official List and the London Stock Exchange, and the admission of the Notes to trading on the London Stock Exchange's Main Market will be cancelled with effect from on or around the Redemption Date.

This notice is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Notes.