The Province of Río Negro (the “Province”), has successfully issued the (i) Series II Class 1 Treasury Notes maturing on May 17, 2024, with a nominal annual variable rate equivalent to the Badlar Rate plus a margin of 12.00%, for a total aggregate amount of AR$ 2,000,000,000 (“Treasury Notes Series II Class 1”), and (ii) Series II Class 2 Treasury Notes maturing on May 17, 2024, with a nominal annual variable rate equivalent to the Badlar Rate plus a margin of 12.00%, for a total aggregate amount of AR$ 1,439,986,680 (“Treasury Notes Series II Class 2”, and jointly with the Treasury Notes Series II Class 1 the “Treasury Notes Series II”), under the Province’s Global Treasury Notes Program for the year 2023, within the total aggregate amount of AR$ 12,000,000,000 or its equivalent in other currencies (the “Program”). The issue date of the Treasury Notes Series II was May 19, 2023.

Treasury Notes Series II Class 1 were secured with the assignment of Federal Tax Co-Participation Regime paid to the Province.

Banco Patagonia S.A. acted as arranger and placement agent. Banco de Servicios y Transacciones S.A.; Banco Comafi S.A; Puente Hnos S.A.; and BACS Banco de Crédito y Securitización S.A acted as Sub placement agents.

TCA Tanoira Cassagne participated as deal counsel, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Teófilo Trusso, Juan Manuel Simó y Ana Lucía Miranda.