On July 24, 2023 Capex S.A. announced the commencement of its offer to exchange any and all of its outstanding 6.875% Notes due 2024 for newly issued 9.250% Notes due 2028 and cash, as applicable, upon the terms and subject to the conditions set forth in the exchange offer memorandum, dated July 24, 2023 and the related eligibility letter. Capitalized terms not defined herein shall have the meaning ascribed to them in the Exchange Offer Documents. Morrow Sodali International LLC, acting as information and exchange agent for the Exchange Offer, advised Capex that as of August 4, 2023 at 5:00 p.m., New York City time, (i) USD 11,195,000 in aggregate principal amount of Old Notes, representing approximately 4.69% of the aggregate principal amount of Old Notes outstanding, have been tendered in the Exchange Offer under Option A, and (ii) USD 178,310,000 in aggregate principal amount of Old Notes, representing approximately 74.65% of the aggregate principal amount of Old Notes outstanding, have been tendered in the Exchange Offer under Option B, totaling a participation of USD 189,505,000 in aggregate principal amount of Old Notes, representing approximately 79.34% of the aggregate principal amount of Old Notes outstanding.

Based on the aggregate principal amount of Old Notes tendered in the Exchange Offer as of the Original Early Participation Date and their election between Option A and Option B, Eligible Holders that tendered their Old Notes under Option A at or prior to the Original Early Participation Date would receive (assuming no additional participation in the Exchange Offer and the acceptance of such Old Notes for exchange) 100% of the Early A Exchange Consideration in cash. Capex announces that it is extending the period to be eligible to receive the Early Exchange Consideration in respect of the Exchange Offer from the Original Early Participation Date to 11:59 p.m., New York City time, on August 18, 2023. The offer will expire on 11:59 p.m., New York City time, on August 18, 2023.

Capex also announces that the Withdrawal Date expired on August 4, 2023 at 5:00 p.m., New York City time. The Old Notes validly tendered pursuant to the Exchange Offer may no longer be withdrawn, and any Old Notes tendered on or after the date hereof and prior to the Expiration Date may not be withdrawn. The other terms of the Exchange Offer (including the Withdrawal Date) remain unchanged.

The terms and conditions of the Exchange Offer are described in the Exchange Offer Memorandum and in Capex's Press Release dated July 24, 2023, as amended by this announcement. Capex's obligations to accept any Old Notes validly tendered and not validly withdrawn and to pay the Exchange Consideration for them are set forth in the Exchange Offer Memorandum, as amended by this announcement. The Exchange Offer is made by, and pursuant to the terms of, the Exchange Offer Memorandum, and the information in this announcement is qualified by reference to the Exchange Offer Memorandum.