EXHIBIT 99.1

This Statement on Form 4 is filed jointly by the Reporting Persons listed below. The principal business address of each of these Reporting Persons is 333 South Grand Avenue, 28th Fl., Los Angeles, CA 90071.

Name of Designated Filer: Oaktree Capital Group Holdings GP, LLC

Date of Event Requiring Statement: August 16, 2013

Issuer Name and Ticker or Trading Symbol: First BanCorp. (FBP)

	OAKTREE FUND GP, LLC

	By:	Oaktree Fund GP I, L.P., its managing member


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Authorized Signatory

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Authorized Signatory


	OAKTREE FUND GP I, L.P.


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Authorized Signatory

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Authorized Signatory


	OAKTREE CAPITAL I, L.P.

	By:	OCM Holdings I, LLC,
		its General Partner


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President

	OCM HOLDINGS I, LLC


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President


	OAKTREE HOLDINGS, LLC

	By:	Oaktree Capital Group, LLC,
		its Managing Member


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President


	OAKTREE CAPITAL GROUP, LLC


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President

	OAKTREE CAPITAL GROUP HOLDINGS, L.P.

	By:	Oaktree Capital Group Holdings GP, LLC,
		its General Partner


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President


	OAKTREE CAPITAL GROUP HOLDINGS GP, LLC


	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director

	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President

Oaktree Capital Group Holdings, L.P. 4