Industrias Metalurgicas Pescarmona S.A.I.C. y F. And WPE International Coöperatief U.A. Announce The Results Of The Certification Or Instruction Letters Validly Delivered By Creditors Holding IMPSA's Or WPE International's Existing Notes Under Their Respective Settlement Instructions

BUENOS AIRES, Argentina, Aug. 6, 2018 /PRNewswire/ -- Industrias Metalúrgicas Pescarmona S.A.I.C. y F. (pending registration of the change of its legal name to 'IMPSA S.A.', hereinafter "IMPSA") and WPE International Coöperatief U.A. ("WPE International") announced today the results of the certification or instruction letters that were validly delivered by creditors holding IMPSA's or WPE International's existing notes pursuant to the terms and conditions of each of IMPSA's and WPE International's Settlement Instructions dated June 14, 2018, which we refer to collectively as the "Settlement Instructions". Unless otherwise defined herein, terms defined in the Settlement Instructions are used herein as therein defined.

As of the Expiration Deadline at 5:00 p.m., New York City time, on August 3, 2018, (i) certification or instruction letters from creditors holding approximately U.S.$ 20,185,000 million aggregate principal amount of IMPSA's existing notes, which amount represents 91.70% of the total aggregate principal amount of IMPSA's existing notes, had been submitted, and (ii) certification or instruction letters from creditors holding approximately U.S.$ 373,399,000 million aggregate principal amount of WPE International's existing notes, which amount represents 95.74% of the total aggregate principal amount of existing notes of WPE International's existing notes, had been submitted.

The date on which the discount notes are expected to be issued pursuant to each of the Settlement Instructions is expected to be August 9, 2018.

The discount notes will be settled in furtherance of the Restructuring Plan and in accordance with the terms and conditions of each of the Settlement Instructions. A description of the Restructuring Plan, including the terms of the Discount Notes, is available in Spanish and in English at http://www.cnv.gob.ar/info_financiera.asp. The indentures under which IMPSA's discount notes will be issued will be available in English at: http://www.cnv.gob.ar/info_financiera.asp.

D.F. King & Co., Inc. is the settlement agent under each of the Settlement Instructions.

Questions regarding each of the Settlement Instructions should be directed to IMPSA or WPE International, as applicable, and the settlement agent at the contact information below:

Address in the Province of Mendoza, Argentina:
Carril Rodriguez Peňa 2451
Godoy Cruz, Mendoza, Argentina
Telephone: 54-261-413-1300

Address in the City of Buenos Aires, Argentina:
Cerrito 1136, 7^th floor
C1010AAX
Buenos Aires, Argentina
Telephone: 54-11-5071-0800

D.F. King & Co., Inc.
48 Wall Street, 22nd Floor,
New York, NY 10005
Telephone: (212) 269-5550

All others call Toll Free: (866) 751-6312
Email: [email protected]

Requests for documentation should be directed to the settlement agent.

Beneficial owners of existing notes of IMPSA or WPE International should carefully read each of the Settlement Instructions regarding the relevant procedures and timing to validly deliver certification or instruction letters thereunder.

THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE SUCH OFFER IS PROHIBITED, AND SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. IMPSA AND WPE INTERNATIONAL DOES NOT INTEND TO REGISTER ANY SUCH SECURITIES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF SUCH SECURITIES IN ANY JURISDICTION EXCEPT FOR THE NOTES TO BE ISSUED TO THE HOLDERS OF 11.25% SENIOR NOTES DUE 2014, WHICH PUBLIC OFFERING HAS BEEN AUTHORIZED IN ARGENTINA.

SOURCE Industrias Metalurgicas Pescarmona S.A.I.C. y F.

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