Dear Mr. Kehoe:

White & Case LLP represents the Republic of Peru (the “Republic” or “Peru”) in connection with the Amended Notice of Arbitration and Statement of Claim by The Renco Group, Inc. (“Renco”) dated August 9, 2011 (“Notice of Arbitration”) and received by Peru on August 10, 2011. Renco’s Notice of Arbitration raises claims against Peru under the United States-Peru Trade Promotion Agreement (“TPA”) in an arbitration to be conducted under the 2010 UNCITRAL Arbitration Rules.1 Pursuant to Article 4 of the UNCITRAL Rules, as applicable under the TPA, Peru provides the following preliminary response to the Notice of Arbitration.

1. Legal Instruments Giving Rise To The Dispute. Renco alleges that it invested in Peru in or about 1997 through an acquisition of an ownership interest in its Peruvian affiliate Doe Run Peru S.R.LTDA (“DRP”) in connection with a metallurgical facility in La Oroya, Peru (“La Oroya”).