Marval acted as legal counsel in a new debt securities issuance by Banco de la Nación Argentina for an amount equivalent to US$ 270 million

Marval O’Farrell Mairal advised the arrangers and the placement agents in the transaction through which Banco de la Nación Argentina (“Banco Nación”) successfully issued: (i) its Class 4 Debt Securities, denominated in Argentine pesos, in an aggregate principal amount of AR$93,196,827,247 (ninety-three billion one hundred ninety-six million eight hundred twenty-seven thousand two hundred forty-seven Argentine pesos), bearing interest at the private TAMAR rate plus a 3.25% margin and maturing on July 14, 2027 (the “Class 4 Debt Securities”); (ii) its Class 5 Debt Securities, denominated in U.S. dollars, in an aggregate principal amount of US$95,127,607 (ninety-five million one hundred twenty-seven thousand six hundred seven United States dollars), bearing interest at a fixed nominal annual rate of 6% and maturing on July 14, 2029 (the “Class 5 Debt Securities”); and (iii) its Class 6 Debt Securities, in an aggregate principal amount of 83,259,405 UVAs (Acquisition Value Units) (eighty-three million two hundred fifty-nine thousand four hundred five Acquisition Value Units), bearing interest at a fixed nominal annual rate of 6.5% and maturing on July 14, 2028 (the “Class 6 Debt Securities” and, together with the Class 4 Debt Securities and the Class 5 Debt Securities, the “Debt Securities”). The Debt Securities were issued under Banco Nación’s global program for the issuance of short-, medium- and long-term debt securities with a maximum aggregate outstanding principal amount of up to US$1,500,000,000 (one billion five hundred million United States dollars) (or its equivalent in other currencies, units of measure and/or units of value). The aggregate principal amount of the Debt Securities amounted to the equivalent of US$270 million.

In addition, Marval O’Farrell Mairal advised on the foreign exchange regulations applicable to the transaction, including the analysis of the applicable regulatory framework and its impact on the issuance of the Debt Securities.

Banco de la Nación Argentina and Banco Santander Argentina S.A. acted as arrangers and placement agents in the transaction. Banco de Galicia y Buenos Aires S.A., Banco BBVA Argentina S.A., Macro Securities S.A.U., Balanz Capital Valores S.A.U., Allaria S.A., Facimex Valores S.A. and Nación Bursátil S.A. acted as placement agents.

The Debt Securities have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on A3 Mercados S.A.

Marval O’Farrell Mairal thanks Banco de la Nación Argentina and the placement agents for the trust placed in the firm in connection with this new debt securities issuance, a transaction that reaffirms the firm’s commitment to the strengthening and development of the capital markets.

The Marval team was led by partner Sergio Tálamo, together with associates Martín Iván Lanús, Pedro María Azumendi, Lautaro Penza, and Candela Di Cuffa. Partner Francisco Abeal also advised on exchange control matters.