5,538,624 Shares CENTRAL PACIFIC FINANCIAL CORP. Common Stock, no par value per share UNDERWRITING AGREEMENTUnderwriting Agreement • August 5th, 2015 • Anchorage Capital Group, L.L.C. • State commercial banks • New York
Central Pacific Financial Corp., a Hawaii corporation (the “Company”), has issued to ACMO-CPF, L.L.C. and Carlyle Financial Services Harbor, L.P. (each, a “Selling Shareholder” and, collectively, the “Selling Shareholders”) shares of the common stock of the Company, no par value per share (the “Common Stock”). The Selling Shareholders propose to sell, upon the terms and conditions set forth herein, the Shares set forth opposite their names on Schedule I (collectively, the “Shares”) to Citigroup Global Markets Inc. and UBS Securities LLC (the “Underwriters”).
