Actually, the instructions (see below) make it clear that the exposure compensation indicator is set up to indicate exposure factors, not stops.
That means that it indicates changes to the length of the exposure, not the aperture.
You need to multiply the exposure time by the factor. It is a linear function when you work that way.
If the meter indicates one second, and the indicator in the viewfinder says 1.5, you need to use 1.5 seconds.
If you want to work in stops, you need to recalculate using square roots.
The manual:
Compensating exposure:
As distance between the lens and film increases. image brightness on the film is
reduced even though aperture size remains the same. Consequently, it is necessary
to increase the exposure.
The figures on the focusing screen left side indicate the exposure factor. Compensate
the exposure after reading the figure indicated by the pointer while focusing.
For instance. assuming that the correct exposure value measured by an exposure
meter is 1/125 sec. at f/11, compensate the exposure as follows:
If the pointer indicates 2, 1/125 sec., f/8
or 1/60 sec., f/11
If the pointer indicates 3, 1/125 sec., between f/S and f/5.6
or 1/60 sec., between f/11 and f/8