Counsel to Celulosa Argentina S.A. in the issuance of 9.50% Class 17 Notes for US$ 9,337,600 due August 9, 2025 under its US$ 150,000,000 Global Notes Programme. Class 17 Notes are denominated in U.S. dollars and payable in Argentine pesos.

Banco de Servicios y Transacciones S.A. and Puente Hnos. S.A. acted as arrangers and placement agents of Class 17 Notes.