Counsel in Albanesi S.A.’s issuance of its AR$ 70,000,000 Class I Notes under its $ 100,000,000 Global Notes Programme, guaranteed by Rafael G. Albanesi S.A.

Banco Macro S.A., Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A. y Raymond James Argentina S.A. acted as arrangers. Macro Securities S.A., BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A. y Raymond James Argentina S.A. acted as placement agents and Consultatio Investments S.A. y Facimex Valores S.A., acted as co-placement agents.