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)

	/s/ Michael P. Harmon
	Michael P. Harmon
	OAKTREE PRINCIPAL FUND V (DELAWARE), L.P.
	By:	Oaktree Fund GP, LLC, its general partner
	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 FF INVESTMENT FUND AIF (DELAWARE), L.P.
	By:	Oaktree Fund AIF Series, L.P. — Series I, its general partner
	By:	Oaktree Fund GP AIF, LLC, its general partner
	By:	Oaktree Fund GP III, 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 AIF SERIES, L.P. — SERIES I
	By:	Oaktree Fund GP AIF, LLC, its general partner
	By:	Oaktree Fund GP III, 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 AIF, LLC
	By:	Oaktree Fund GP III, 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 III, L.P.
	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Authorized Signatory
	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Authorized Signatory
	OAKTREE AIF INVESTMENTS, L.P.
	By:	Oaktree AIF Holdings, Inc., 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 AIF HOLDINGS, INC.
	By:	/s/ Lisa Arakaki
		Name: Lisa Arakaki
		Title: Managing Director
	By:	/s/ Philip McDermott
		Name: Philip McDermott
		Title: Assistant Vice President