October
29, 2007
Securities
and Exchange Commission,
450
Fifth
Street, N.W.
Washington,
D.C 20549
Subject:
Material Event
Dear
Sirs,
Our
company, Credicorp Ltd. in accordance with article 28° of the Peruvian Capital
Market Law (TUO-Texto Único Ordenado) approved by the Supreme Decree N°
093-2002-EF and the Material Event Regulation, Private Information
and other
Communications, approved by the Conasev Resolution N° 107-2002-EF (The Rule),
modified by Conasev Resolution N° 009-2003-EF/94.10 (The Regulation), hereby
notifies you on the following “Material Event”:
The
Board
of Directors of Credicorp Ltd., in its session held October 25,
2007 was
informed of the decision taken by the COO (Chief Operating Officer)
Mr. Raimundo
Morales Dasso of his resignation, and appointed Mr. Walter Bayly
Llona who is
currently Chief Financial Officer (CFO), as his replacement. Mr.
Bayly´s
position will be in turn taken by Mr. Alvaro Correa. These appointments
will be
effective April 1, 2008.
The
Board
of Directors was also informed of the resignation of the Executive
VP Mr. Carlos
Muñoz Semsch.
The
Board
of Directors made public its appreciation to Mr. Morales for his
valuable
contribution to the corporation throughout the 12 years he performed
as
COO.
Yours
faithfully,
Fernando
Palao
Represente
Bursátil
CREDICORP
LTD.