Argentina: Bruchou & Funes de Rioja advise on the issuance of Notes by ARCOR S.A.I.C

Bruchou & Funes de Rioja acted as legal advisor in the issuance of ARCOR S.A.I.C., one of the main food produces in Argentina, of its Series 19 Notes for an amount of US$ 77,000,000 (the “Series 21 Notes”) under the Arcor´s MTN Program for the Issuance of Notes for an amount of up to US$ 1,200,000,000 (or its equivalent in other currencies or units of value).

The Series 21 Notes will be due after 30 months as from its issuance date on November 22, 2025, and will bear interest at a fixed annual rate equal to 3,5%, and will be repaid in in a single payment due on the Series 21 Notes due date. Fix Argentina and Moody's Argentina have rated the Series 21 Notes as "AAA(arg)" and "AA.ar", respectively.

The Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on the Mercado Abierto Electrónico S.A., being eligible by Euroclear Bank S.A/N.V.

Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Banco BBVA Argentina S.A., Banco Patagonia S.A., a Macro Securities S.A.U., Banco Itaú Argentina S.A., Itaú Valores S.A., Balanz Capital Valores S.A.U., Facimex Valores S.A., Puente Hnos. S.A., SBS Trading S.A., and Banco Hipotecario S.A.acted as local placement agents of the issuance (the "local placement agents").

Legal advisors to the Arrangers and Placement agents:

Bruchou & Funes de Rioja team led by Alejandro Perelsztein with the participation of Leandro Exequiel Belusci, Pedro Azumendi and Facundo Martín Suárez Loñ