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 2, 2012

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/ Richard Ting
	Name: Richard Ting
	Title: Authorized Signatory
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Authorized Signatory
OAKTREE FUND GP I, L.P.
By:	/s/ Richard Ting
	Name: Richard Ting
	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/ Richard Ting
	Name: Richard Ting
	Title: Managing Director, Associate General Counsel and Assistant Secretary
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Senior Vice President
OCM HOLDINGS I, LLC
By:	/s/ Richard Ting
	Name: Richard Ting
	Title: Managing Director, Associate General Counsel and Assistant Secretary
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Senior Vice President
OAKTREE HOLDINGS, LLC
By:	Oaktree Capital Group, LLC,
	its Managing Member
By:	/s/ Richard Ting
	Name: Richard Ting
	Title: Managing Director, Associate General Counsel and Assistant Secretary
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Senior Vice President

OAKTREE CAPITAL GROUP, LLC
By:	/s/ Richard Ting
	Name: Richard Ting
	Title: Managing Director, Associate General Counsel and Assistant Secretary
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Senior Vice President
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
By:	/s/ Richard Ting
	Name: Richard Ting
	Title: Managing Director, Associate General Counsel and Assistant Secretary
By:	/s/ Martin Boskovich
	Name: Martin Boskovich
	Title: Senior Vice President