Argentina: Bruchou & Funes de Rioja advised on Celulosa Argentina S.A.

Bruchou & Funes de Rioja acted as legal counsel to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A., in the public offering of 9.50% Additional Class 17 Notes for U$S10,295,290 due August 8, 2025, issued by Celulosa Argentina S.A. on April 27, 2023 under its U$S150,000,000 Global Notes Program. Additional Class 17 Notes are denominated in U.S. dollars and payable in Argentine pesos.

Additional Class 17 Notes are additional to 9.50% Original Class 17 Notes for U$S9,337,600 due August 8, 2025, issued on August 8, 2025.

After the inssurrance of the Additional Clase 17 Notes, the outstanding total amounts of Class 17 Notes are U$S 19.632.890.

Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A. acted as placement agents of Additional Class 17 Notes. Banco de Servicios y Transacciones S.A. and Puente Hnos. S.A. acted as arrangers of the issuance, and Banco de Servicios y Transacciones S.A. also acted as settlement agent of this issuance.

External Counsel to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A.

Bruchou & Funes de Rioja through its team led by partner José María Bazán, together with associates Leandro Exequiel Belusci, Ramón Augusto Poliche and Malena Tarrío.