Exhibit (a)(1)(B)
LETTER OF TRANSMITTAL
TO TENDER AMERICAN DEPOSITARY SHARES
OF
 
CEMENTOS PACASMAYO S.A.A.
AT S/ 44.65 PER AMERICAN DEPOSITARY SHARE
PURSUANT TO THE U.S. OFFER TO PURCHASE DATED OCTOBER 22, 2026
BY
 
INVERSIONES ASPI S.A.
THE U.S. OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 4:00 P.M., NEW YORK CITY
TIME, ON NOVEMBER 20, 2026, UNLESS THE U.S. OFFER IS EXTENDED.

American Depositary Share Letter of Transmittal to Tender American Depositary Shares
This document relates to an offer to purchase your ADSs (as defined below) for cash, dated October 22, 2026 (together with any amendments or supplements thereto, the “Offer to Purchase”) by Inversiones ASPI S.A., a Peruvian sociedad anónima (“Purchaser” or “ASPI”), a direct, majority-owned subsidiary of Holcim Ltd, a Swiss limited company (“Holcim”). Purchaser is offering to purchase any and all of the outstanding common shares, par value S/ 1.00 per share (each, a “Common Share,” and collectively, the “Common Shares”) (other than Common Shares owned by Holcim and its affiliates), of Cementos Pacasmayo S.A.A., a publicly-held corporation (sociedad anónima abierta) organized under the laws of Peru (the “Company”), including Common Shares represented by American Depositary Shares (each of which represents five Common Shares) (each, an “ADS,” and collectively, the “ADSs”), delivered by JPMorgan Chase Bank, N.A., acting as depositary (“ADS Depositary”), pursuant to that certain Deposit Agreement, dated as of February 7, 2012, and amended on each of February 21, 2017 and December 4, 2020, among the Company, the ADS Depositary and the holders from time to time of ADSs issued thereunder, through concurrent tender offers in Peru and in the United States.
Purchaser is offering to purchase Common Shares from U.S. holders (within the meaning of Rule 14d-1(d) under the U.S. Securities Exchange Act of 1934, as amended, which defines a U.S. holder as “any security holder resident in the United States”), and ADSs from all holders, wherever located, for S/ 8.93 per Common Share and S/ 44.65 per ADS, in each case, payable to the seller in cash, without interest, less any withholding taxes that may be applicable (see “The U.S. Offer - Terms of the U.S. Offer - Material Terms - Consideration and Payment” of the Offer to Purchase), upon the terms and subject to the conditions set forth in the Offer to Purchase and this American Depositary Share Letter of Transmittal (together with any amendments or supplements thereto, the “ADS Letter of Transmittal,” and together with the Offer to Purchase and other related materials, as each may be amended or supplemented from time to time, the “U.S. Offer”).
Capitalized terms used in this ADS Letter of Transmittal and not otherwise defined herein have the meanings ascribed to them in the Offer to Purchase.
THIS ADS LETTER OF TRANSMITTAL MAY BE USED BY REGISTERED HOLDERS OF ADSs TO TENDER ADSs AND BY U.S. HOLDERS OF COMMON SHARES TO TENDER INTO THE U.S. OFFER.
You should use this ADS Letter of Transmittal if you are a registered holder of American Depositary Receipts evidencing ADSs or uncertificated ADSs on the books of the ADS Depositary pursuant to the procedures set forth in the Offer to Purchase (see “The U.S. Offer - Procedures for Tendering into the U.S. Offer - Tender of ADSs” of the Offer to Purchase).
U.S. holders of Common Shares that wish to participate in the U.S. Offer may, pursuant to the instructions contained in the Offer to Purchase, deposit their Common Shares for issuance of ADSs that will be tendered into the U.S. Offer. U.S. holders of Common Shares who hold such shares through a broker, dealer, commercial bank, trust company, custodian or other nominee should contact their broker, dealer, commercial bank, trust company, custodian or other nominee in order to tender their Common Shares in the U.S. Offer (see “The U.S. Offer - Procedures for Tendering into the U.S. Offer - Tender of Common Shares” of the Offer to Purchase). Note that local custodians and securities intermediaries are likely to establish cut-off times and dates that are earlier than 4:00 p.m., New York City time, on November 20, 2026, or the latest time and date at which the U.S. Offer will expire if the U.S. Offer is extended (the “Expiration Date”) for receipt of instructions to tender Common Shares and may charge a transaction or service fee. You should consult your local custodian or securities intermediary to determine the cut-off time and date applicable to you, and whether you will be charged any transaction or service fee.
U.S. holders of Common Shares will not be responsible for any fees relating to the deposit of Common Shares with the ADS Depositary for issuance of ADSs to be tendered into the U.S. Offer or any fees relating to the subsequent cancellation of the ADSs purchased pursuant to the U.S. Offer.
The instructions set forth in the Offer to Purchase and this ADS Letter of Transmittal should be read carefully before this ADS Letter of Transmittal is completed.
Purchaser is not providing for guaranteed delivery procedures. Therefore, you may not accept the U.S. Offer by delivery of a notice of guaranteed delivery. The only methods for accepting the U.S. Offer are the procedures set forth in the Offer to Purchase (see “The U.S. Offer - Procedures for Tendering into the U.S. Offer” of the Offer to Purchase).
This tender of ADSs (including Common Shares deposited for issuance of ADSs as described above) is made subject to all the terms and conditions of the U.S. Offer, and the undersigned hereby makes, for itself, and, if it is

tendering on behalf of a customer, on behalf of its customer, all the representations, warranties and undertakings of tendering holders that are set forth in the Offer to Purchase, which the undersigned acknowledges it has received and, if it is tendering on behalf of a customer, has delivered to or made available to its customer.
THE U.S. OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 4:00 P.M., NEW YORK CITY TIME, ON NOVEMBER 20, 2026, UNLESS THE U.S. OFFER IS EXTENDED.
Return this completed and signed ADS Letter of Transmittal to Computershare Trust Company, N.A. (the “U.S.
Tender Agent”) at one of the addresses below. Delivery by overnight courier is recommended.
Delivery of this ADS Letter of Transmittal to an address other than as set forth below will not constitute a valid
delivery to the U.S. Tender Agent.
 
 
 
 
By Mail:
 
 
By Overnight Delivery:
Computershare Trust Company, N.A.
Attn: Corporate Actions CPAJ
P.O. Box 43011
Providence, RI 02940-3011
 
 
Computershare Trust Company, N.A.
Attn Corporate Actions CPAJ
150 Royall Street, Suite V
Canton, MA 02021
 
 
 
 

 
 
 
 
DESCRIPTION OF ADSs TENDERED / COMMON SHARES DELIVERED
 
 
Name(s) and
address(es) of registered holder(s) (Please fill in, if blank, exactly as name(s) appear(s) on ADRs or in book-entry form on the books of the ADS Depositary)
 
 
ADSs tendered or number of Common Shares delivered
(attach additional list if necessary)
 
 
 
 
 
Certificated ADSs(1)
 
 
Book-Entry ADSs(2)
 
 
Common
Shares
 
 
 
 
 
ADR
Certificate
Number(s)
 
 
Total
Number of ADSs
Evidenced
by ADRs
 
 
Number of
ADSs
Tendered
 
 
Number of
ADSs
Tendered
 
 
Number of
Common
Shares
Tendered
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ADSs or Common Shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Unless otherwise indicated, it will be assumed that all ADSs represented by ADRs described above are being tendered hereby. See Instruction 3.
(2)
If the ADSs are uncertificated, you MUST indicate the number of ADSs you are tendering. Unless otherwise indicated, it will be assumed that all uncertificated ADSs represented by book-entry are being tendered hereby.

 
 
 
 

 
 
 
Signature: This form must be signed by the registered holder(s) exactly as their name(s) appears on the ADR or book-entry form on the books of the ADS Depositary or by person(s) authorized to sign on behalf of the registered holder(s) by documents transmitted herewith. See Instruction 1 on the reverse side of this page.
 
 
 
X
 
 
 
 
 
 
 
 
 
Signature of holder
 
 
Date
 
 
Daytime Telephone
#
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
X
 
 
 
 
 
 
 
 
 
Signature of holder
 
 
Date
 
 
Daytime Telephone
#
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PLACE AN ☒ IN ONE TENDER BOX ONLY
See Instruction numbers 2 and 3 on the reverse side of this form.

 
 
 
or
 
 

 
 
 
 
 
 
 
 ☐ Tender All
 
 
 ☐ Partial Tender
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
WHOLE ADSs
Please complete the back if you would like to transfer ownership or request special mailing.
 ☐
CHECK HERE IF COMMON SHARES HAVE BEEN DELIVERED FOR ADS ISSUANCE AND TENDER INTO THE U.S. OFFER. BY CHECKING THIS BOX, YOU ACKNOWLEDGE THAT YOUR SIGNATURE ON THIS ADS LETTER OF TRANSMITTAL CONSTITUTES YOUR INSTRUCTION TO SURRENDER FOR THE PURPOSE OF WITHDRAWAL WITH RESPECT TO ANY ADSs REPRESENTING THOSE COMMON SHARES THAT ARE NOT ACCEPTED FOR PAYMENT IN THE U.S. OFFER.
 ☐
CHECK HERE IF ADR CERTIFICATES HAVE BEEN MUTILATED, LOST, STOLEN OR DESTROYED. SEE INSTRUCTION 6.
Instructions for setting up receive instructions for U.S. holders of Common Shares forming part of the terms and conditions of the Offer to Purchase
To the extent Purchaser does not accept for payment your Common Shares tendered in the U.S. Offer, please supply the following information about your local custodian or securities intermediary in Peru for delivery of any Common Shares which have not been accepted for payment by Purchaser.
 
 
 
 
Name of Broker / Securities Intermediary in Peru:
 
 
 
Broker / Telephone / Email:
 
 
 
Address of Broker:
 
 
 
Contact Person at Broker:
 
 
 
Name of Local Custodian (if applicable):
 
 
 
SWIFT Address:
 
 
 
CAVALI S.A. ICLV: R.U.T. No.:
 
 
 
PSET No.:
 
 
 
Client ID:
 
 
 
Account Details:
 
 
 
Name of Owner:
 
 
 
Address of Owner:
 
 
 
U.S. Tax ID of Owner:
 
 
 
 
 
 
 

Instructions for tendering your ADSs forming part of the terms and conditions of the Offer to Purchase
Delivery of ADS Letter of Transmittal: This ADS Letter of Transmittal must be mailed or delivered by overnight courier to the U.S. Tender Agent. The method of delivery to the U.S. Tender Agent at one of the addresses listed below is at the option and risk of the tendering holders of such ADSs. Delivery by overnight courier, properly insured, is recommended. Delivery will be deemed effective only when received by the U.S. Tender Agent. For your convenience, a return envelope is enclosed.
Authorization and Registration: The signer(s) will, upon request, execute and deliver any additional documents reasonably deemed by the U.S. Tender Agent to be appropriate or necessary to complete the tender. The signer(s) hereby irrevocably appoints the U.S. Tender Agent as lawful agent and attorney in-fact of the signer(s) to effect the tender (such power of attorney being deemed coupled with an interest). By providing the information required by this ADS Letter of Transmittal, the signer confirms that the registered holder has consented to the provision of such information, including any personal data contained therein, to the U.S. Tender Agent and the further transfer by the U.S. Tender Agent of that information and personal data (if applicable) for the purpose of the tender. All authority conferred or agreed to be conferred in this form shall be binding upon the successors, assigns, heirs, executors, administrators and legal representatives of the signer(s) and shall not be affected by, and shall survive, the death and incapacity of the signer(s). The signer(s) understands that tender will not be deemed to have been made in acceptable form until receipt by the U.S. Tender Agent of this ADS Letter of Transmittal, duly completed and manually signed, and all accompanying evidences of authority. The signer(s) agrees that all questions as to validity, form and eligibility of any tender of ADSs hereunder will be determined by Purchaser and that such determination will be final and binding. The signer(s) acknowledges that until Purchaser accepts the tendered ADSs, the signer(s) will not receive any cash in exchange for the ADSs. The signer(s) further agrees that no interest will accrue on the cash payment.
Form W-9: Under U.S. federal income tax law, a U.S. holder (as defined in “The U.S. Offer - Tax Considerations - Material U.S. Federal Income Tax Consequences” of the Offer to Purchase) is required to provide the U.S. Tender Agent with such holder’s correct taxpayer identification number. If your taxpayer identification number is not certified on our records, we have enclosed a Form W-9 for you to complete and return. Failure to provide the information on the form may subject you to backup withholding on any reportable payment. If you are not a U.S. holder, you must complete and submit Form W-8BEN or other appropriate Form W-8 (which may be obtained from the website of the U.S. Internal Revenue Service on http://www.irs.gov or from Georgeson LLC, which has been appointed as information agent) to the U.S. Tender Agent.
 
 
 
 

 
Special Transfer Instructions
Please see Instruction number 4 below.
 
 

 
Special Mailing Instructions Please see Instruction number 5 below.
If you want your ADS, ADR certificates and/or check for cash to be issued in another name, fill in this section with the information for the new account/payee name.
 
 
Signature Guarantee Medallion
 
 
Fill in ONLY if you want your ADR certificates and/or check for cash to be mailed to someone other than the registered holder or to the registered holder at an address other than that shown on the front of this ADS Letter of Transmittal.
 
 
 
 
 
 
 
 
 
 
(Title of Officer Signing this Guarantee)
 
 
 
 
 
 
 
 
 
 
Name (Please Print First, Middle & Last Name)
 
 
(Name of Guarantor - Please Print)
 
 
Name (Please Print First, Middle & Last Name)
 
 
 
 
 
 
 
Address    (Number and Street)
 
 
(Address of Guarantor Firm)
 
 
Address    (Number and Street)
 
 
 
 
 
 
 
(City, State & Zip Code)
 
 
 
 
 
(City, State & Zip Code)
 
 
 
 
 
 
 
(Tax Identification or Social Security Number)
 
 
 
 
 
 
 
 
 
 
 
 
 

INSTRUCTIONS FOR COMPLETING THE ADS LETTER OF TRANSMITTAL
1.
Sign, date and include your daytime telephone number in this ADS Letter of Transmittal in Box 1. After completing all other applicable sections, return this ADS Letter of Transmittal and, if applicable, your original ADR certificates in the enclosed envelope. The method of delivery of any documents, including ADR certificates, is at the election and risk of the tendering ADS holder. If documents are sent by mail, it is recommended that they be sent by registered mail, properly insured, with return receipt requested.
2.
If you are tendering all your ADSs, please check Box 2 only.
3.
If you are tendering some of your ADSs, please check Box 3 and indicate the number of ADSs you wish to tender. In the case of ADSs evidenced by ADRs, a new ADR evidencing the remainder of ADSs represented by your tendered ADRs along with any ADSs that were not purchased in the U.S. Offer will be sent to the person(s) signing this ADS Letter of Transmittal, or delivered as such person(s) properly indicate(s) herein, as promptly as practicable following the date the tendered ADSs are accepted for payment. In the case of uncertificated ADSs, the remainder of the ADSs that were not tendered along with any ADSs that were not purchased in the U.S. Offer will be credited back in book-entry form to the registered holder. If you do not specify otherwise in this ADS Letter of Transmittal, we will assume that you intend to tender all ADSs that you deliver to the U.S. Tender Agent.
4.
If you want your ADSs, ADR certificates and/or check for cash to be issued in another name, fill in Box 4. Signature(s) in Box 4 must be guaranteed by a Medallion Guarantee (as defined in “Summary Term Sheet - I am a registered holder of American Depositary Receipts (“ADRs”) evidencing ADSs. How do I participate in the U.S. Offer?” of the Offer to Purchase).
5.
Complete Box 5 only if your ADR certificates and/or check for cash is to be delivered to a person other than the registered holder or to the registered holder at a different address.
6.
Mutilated, Lost, Stolen or Destroyed Certificates. If any ADR evidencing ADSs has been mutilated, lost, stolen or destroyed, the holder thereof should promptly notify the U.S. Tender Agent by checking the applicable box above and indicating the number of ADSs evidenced by such mutilated, lost, stolen or destroyed ADRs. The holder may also call the Information Agent, toll-free in the United States, (888) 463-2841 for assistance. The holder thereof will then be instructed as to the steps that must be taken in order to replace such ADRs. This ADS Letter of Transmittal and related documents cannot be processed until the procedures for replacing mutilated, lost, stolen or destroyed ADRs have been followed.
For Assistance Please Contact

 
51 West 52nd Street, 6th Floor
New York, New York 10019
Shareholders, Banks and Brokers
Call Toll Free: (888) 463-2841
Outside U.S. and Canada: +1 (719) 490-8721
Via Email: pacasmayo@georgeson.com