Tanoira Cassagne Abogados advise on the new issuance of Treasury Notes of the Province of Río Negro.

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Tanoira Cassagne Abogados advise on the new issuance of Treasury Notes of the Province of Río Negro.

PR RN 2021 3

Province of Río Negro (the “Province”), has successfully issued the Series II Class 1 Treasury Notes due on June 15, 2022, for an aggregate amount of AR$ 1,200,000,000, and accruing a floating interest rate equal to the Badlar rate plus a 8% margin, (the “Treasury Notes”), under the Province’s Global Treasury Notes Program for the year 2021, created by Resolution No. 53-E of the Ministry of Economy of the Province dated January 01, 2021, within the total aggregate amount of AR$ 5,000,000,000 or its equivalent in other currencies (the “Program”).

Payments due under the Treasury Notes will be guaranteed by an assignment of the Province´s rights over the funds or any other payment under the Federal Tax Co-Participation Regime, or the one replacing it in the future. The issuance date of the Treasury Notes was on December 13, 2021.

Banco Patagonia S.A. acted as arranger and placement agent. Banco de Servicios y Transacciones S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Comafi S.A., Banco Macro S.A. and Macro Securities S.A. acted as Sub -placement agents.

Tanoira Cassagne Abogados participated as deal counsel, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Pilar María Domínguez Pose, Francisco Rojas Andri and Rodrigo Córdoba.