Santiago Saenz’s renewal and increase of the maximum outstanding amount of its Global Notes Programme and AR$ 130,000,000 Series VIII Short Term Notes Issuance

Deal counsel in a transaction that consisted in renewing the validity of the Global Notes Program and increasing its maximum outstanding amount to $ 350,000,000 (the “Programme”) and the issuance of AR$ 130,000,000 Series VIII Short Term Notes under the Programme. Balanz Capital Valores S.A., Banco de Servicios y Transacciones S.A., and INTL CIBSA S.A., acted as arrangers and placement agents. (2017)