TCA Tanoira Cassagne acted as deal counsel in the creation of the program of trust debt securities “Litoral-AD Créditos” (the “Program”) for a total aggregate amount of up to US$20,000,000 and in the issuance of the first financial trust “Litoral-AD Créditos Serie 1” under the Program (the “Trust”).

TMF Trust Company (Argentina) S.A. acted as trustee and issuer (the “Trustee”) and Asociación Mutual del Litoral 17 de Enero and AD Créditos S.A. acted as trustors (the “Trustors”), in the issuance of trust debt securities under the Trust for a total aggregate amount of $2,900,675,600.

Adcap Securities Argentina S.A. and Cohen S.A. acted as arrangement agents and as placement agents of the Trust and Banco Mariva S.A. and Banco de Valores S.A. acted as placement agents.

The purpose of the issuance was to provide financing to the Trustors through the assignment to the Trust of personal loans and pledge-backed loans granted by them, documented both physically and digitally.

The Argentine Securities Commission authorized the Program on April 10, 2025, and on July 30, 2025, was authorized the Trust and the public offering of the trust debt.

Deal Counsel of the Transaction: TCA Tanoira Cassagne acted through a team led by partners Alexia Rosenthal and Jaime Uranga; and Associates Carolina Mercero and Ana Belén Heinrich.