AENZA ANNOUNCEMENT REGARDING UNSOLICITED TENDER

OFFER FROM IG4 CAPITAL INFRASTRUCTURE INVESTMENTS LP

Shareholders Advised to REFRAIN FROM TENDERING Pending Review

Lima, Perú: AENZA S.A.A. (NYSE: AENZ) (BVL: AENZAC1) (the 'Company' or 'Aenza') today confirmed that IG4 Capital Infrastructure Investments LP ('IG4') has commenced an unsolicited tender offer to acquire up to 107,198,601 common shares, par value S/1.00 per share of the Company ('Common Shares'), including Common Shares represented by American Depositary Shares (each of which represents five Common Shares). Shareholders are strongly advised to refrain from tendering any Common Shares or American Depositary Shares until the Board has evaluated the unsolicited tender officer and published its recommendation and reasons for such recommendation.

The Board of Aenza will assess IG4's offer and advise Aenza shareholders of its recommendation regarding the tender offer within ten business days by making available to shareholders and filing with the U.S. Securities and Exchange Commission a solicitation/recommendation statement on Schedule 14D-9 and making available to shareholders and filing with the Peruvian Superintendencia de Mercado de Valores a report of the Board in accordance with Peruvian securities regulations. Applicable securities laws restrict Aenza's ability to comment on IG4's offer until after its Schedule 14D-9 has been filed.

Forward-Looking Statements

Certain statements in this current report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company's future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'plan,' 'anticipate,' 'intend,' 'believe,' 'estimate,' 'predict,' 'potential' or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including future actions that may be taken by IG4 in furtherance of its unsolicited proposal. These and other important factors, including those discussed under 'Risk Factors' in the Company's Annual Report on Form 20-F for the year ended December 31, 2020, as well as the Company's subsequent filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Additional Information and Where to Find It

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. Aenza intends to file a solicitation/recommendation statement with respect to the exchange offer with the Securities and Exchange Commission ('SEC'). Security holders are urged to read the solicitation/recommendation statement and other relevant materials if and when they become available because they will contain important information. The solicitation/recommendation statement and other SEC filings made by Aenza may be obtained (when available) without charge at the SEC's website at www.sec.gov and at the investor relations section of the Aenza website at investorrelations.aneza.com.pe.

For further information:

Investor Relations

Paola Pastor Aragón

Tel.: (51) 951 211 549

E-mail: palola.pastor@aenza.com.pe

Av. Paseo de la República 4667 Sunrquillo, Lima-Perú

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AENZA SAA published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 20:05:08 UTC.