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 22, 2013

Issuer Name and Ticker or Trading Symbol:  First BanCorp. [FBP]

/s/ Michael P. Harmon
Michael P. Harmon
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
By:	/s/ Lisa Arakaki
	Name:	Lisa Arakaki
	Title:	Managing Director
By:	/s/ Martin Boskovich
	Name:	Martin Boskovich
	Title:	Senior Vice President
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/ Martin Boskovich
	Name:	Martin Boskovich
	Title:	Authorized Signatory

OAKTREE FUND GP I, L.P.
By:	/s/ Lisa Arakaki
	Name:	Lisa Arakaki
	Title:	Authorized Signatory
By:	/s/ Martin Boskovich
	Name:	Martin Boskovich
	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/ Martin Boskovich
	Name:	Martin Boskovich
	Title:	Senior Vice President
OCM HOLDINGS I, LLC
By:	/s/ Lisa Arakaki
	Name:	Lisa Arakaki
	Title:	Managing Director
By:	/s/ Martin Boskovich
	Name:	Martin Boskovich
	Title:	Senior 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/ Martin Boskovich
	Name:	Martin Boskovich

	Title:	Senior Vice President
OAKTREE CAPITAL GROUP, LLC
By:	/s/ Lisa Arakaki
	Name:	Lisa Arakaki
	Title:	Managing Director
By:	/s/ Martin Boskovich
	Name:	Martin Boskovich
	Title:	Senior Vice President