YES

(VAR x y z)
(RULES
  exp(+(x,y)) -> *(exp(x),exp(y))
  exp(0()) -> 1()
  *(x,1()) -> x
  *(x,*(y,z)) -> *(*(x,y),z)
  +(x,0()) -> x
  +(x,+(y,z)) -> +(+(x,y),z)
)

(COMMENT
Termination is shown by ELPO with interpretations on natural numbers

  +_A(x1,x2) = x1 + x2 + 2
  0_A = 1
  *_A(x1,x2) = x1 + x2 + 1
  1_A = 2
  exp_A(x1) = x1 + 1
  +#_A(x1,x2) = x2
  0#_A = 0
  *#_A(x1,x2) = x2
  1#_A = 0

and precedence:

+ > * > exp > 1 > 0
)