Circular Accounting and Audit - CONAU 1 - 6

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 37 19/06/81
TO FINANCIAL ENTITIES:
Ref.: Circular ACCOUNTING AND AUDIT - CONAU - 1 - 6

We address you to bring to your knowledge that it has been decided to modify the "Procedural Norms" related to Formula No. 3519 "Distribution of credit by client" contained in title D. INFORMATION REGIME FOR INTERNAL CONTROL OF THE CENTRAL BANK OF THE REPUBLIC ARGENTINA QUARTERLY/ANNUAL of the "ACCOUNTING STANDARDS FOR FINANCIAL ENTITIES" by incorporating Formula No. 3519 A, which must be sent to the Management of Financial Entity Control in a sealed envelope, crossing its closure with the signatures of those who subscribe to the information, labeled: "CONFIDENTIAL - FORMULA No. 3519 A".

For the submission of the corresponding one for 31.3.81, entities will have a deadline until the 30th of the current month.

In addition, we inform you that points 2.10. and 2.11. of the instructions for the first of said formulas have been replaced by the following:

"2.10. Total of Loans plus Other Credits by Financial Intermediation plus Financial Leasing Assets:
The total debt balance (capitals plus adjustments and accrued interest to be collected) for operations included in the items "Loans", "Other Credits by Financial Intermediation" and "Financial Leasing Assets" of the Balance of Balances must be recorded, with the exclusions of the concepts provided for in points 2.4. and 2.5.

2.11. Total of Loans plus Other Credits by Financial Intermediation plus Financial Leasing Assets, to related clients:
The total of the debt balances (capitals plus adjustments and accrued interest to be collected) of related clients, which make up the amount referred to in point 2.10, will be recorded."

The sheets to be incorporated in replacement of the text made known by Circular CONAU -1 are attached, including the model of Formula No. 3519 A.

We salute you very respectfully.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Ricardo J. Assisa
Departmental Deputy Manager
Attached to the Management of
Standards for
Financial Entities

Daniel E de Pablo
General Deputy Manager

ANNEX

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 3rd. Date 19.6.81 Communication “A” 37 CONAU - 1 - 6 Page 1 of 1 D - INFORMATION REGIME FOR INTERNAL CONTROL OF THE CENTRAL BANK OF THE REPUBLIC ARGENTINA QUARTERLY/ANNUAL

1. Average operational volume.

• Procedural norms
• Formula 3513

2. Detail of real estate.

• Procedural norms
• Formula 3517

3. Distribution of credit by client.

• Procedural norms
• Formulas 3519 and 3519 A

4. Distribution by client of guarantees granted.

• Procedural norms
• Formula 3518

5. Balance of financial entity financings by activities.

• Procedural norms
• Formula 3212

6. Consolidation statement of local financial entities that have subsidiaries abroad.

• Procedural norms
• Model

7. The aforementioned information is included in the provisions of Circulars B.
   269 and I.F. 404.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 2nd. Date 19.6.81 Communication “A” 37 CONAU - 1 - 6 Page 1 of 3 DISTRIBUTION OF CREDIT BY CLIENT PROCEDURAL NORMS

1. INFORMATION FOR THE CENTRAL BANK

1.1. The information will have quarterly frequency and will be integrated with the data corresponding to the last day of each calendar quarter. To this effect, Formula No. 3519 "Distribution of credit by client" will be used, which must be prepared in triplicate. The original and the duplicate will be sent to the Management of Financial Entity Control together with the formula "Balance of Balances" of the last month of the corresponding calendar quarter, and the triplicate will be archived in the entity's headquarters.

1.2. Likewise, Formula No. 3519 A containing the following data must be prepared in duplicate: name or corporate name, order number and identification of each of the clients included in Formula No. 3519. The original will be sent simultaneously with the latter to the Management of Financial Entity Control in a sealed envelope, crossing its closure with the signatures of those who subscribe to the information, labeled "CONFIDENTIAL - FORMULA No.
3519 A", and the duplicate will be archived in the entity's headquarters.

2. INSTRUCTIONS FOR THE INTEGRATION OF FORMULA No. 3519

2.1. Generalities:

2.1.1. Amounts will be recorded in millions of pesos, without decimals, discarding fractions less than 500,000 and increasing to one million fractions of 500,000 or more.

2.1.2. The information corresponding to the clients that register the largest balances must be recorded, up to a maximum of fifty. The clients must be ordered according to the amounts to be recorded in "Total balance per client", in decreasing order.

2.2. Identification:
The identification of natural persons will be carried out by indicating the type of identity document of the client and the relevant number. As for the type of document, the corresponding acronym will be noted (D.N.I., L.E., L.C. or C.I., presuming in the case of C.I. that it was issued by the Federal Police; if this is not the case, the authority that issued it must be clarified in "Observations").

Regarding legal entities, registered in the General Directorate of Taxation - Income Tax - the acronym I.G. and its corresponding number will be noted.

Cooperative societies will be identified through their registration in the National Institute of Cooperative Action, and the acronym INAC and the respective number must be recorded.

In the case of clients who cannot be identified in the forms provided, the relevant order number and the name and surname or the name of the society must be recorded in "Complementary identification data", as applicable.

2.3. Activity code:
The number corresponding to the client's main activity must be noted, according to the coding that appears in the formula "Balances of financial entity loans by activities".

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 2nd. Date 19.6.81 Communication “A” 37 CONAU - 1 - 6 Page 2 of 3

2.4. Financial Leasing Assets:
The amounts of operations carried out with the aforementioned clients included in the balances of the following accounts will be noted:

• Financial Leasing Assets (the entire item).
• Other credits by financial intermediation - Financial leasing rentals accrued to be collected, in pesos and in foreign currency.

In all cases, balances for operations arranged with the financial sector must be excluded.

2.5. Loans plus Other credits by financial intermediation:

2.5.1. Balance:
The total debt balance of the aforementioned clients for operations included in the items "Loans" and "Other credits by financial intermediation" of the Balance of Balances must be noted.

Operations arranged with the financial sector must be excluded.

In addition, in the item "Other credits by financial intermediation", the following accounts must not be counted:

• Financial leasing rentals accrued to be collected (in pesos and in foreign currency).
• Clearing chambers.
• Securities swap.
• Advances for payment of pensions and retirement benefits.
• Central Bank of the Republic Argentina - Reciprocal Credits - Pending reimbursements.
• Central Bank of the Republic Argentina - Monetary Regulation Account to be collected.
• Central Bank of the Republic Argentina - Pending reimbursements for payment of services for rent and amortization of national public securities.
• Central Bank of the Republic Argentina - Various.

2.5.2. Received guarantees:
The balance of operations carried out with the aforementioned clients included in the debtor order accounts "Received preferred guarantees" and "Other received guarantees" in pesos and in foreign currency of the Balance of Balances will be noted.

In the case that the operations are without guarantees, they will be recorded in the corresponding column.

The guarantees to be computed must not exceed the balance of each of the operations that back them, considered individually.

2.6. Total balance per client:
The sum of the amounts recorded in the columns "Financial Leasing Assets" and "Loans plus Other credits by financial intermediation - Balance" must be recorded.

2.7. Related clients:
When the client must be considered related to the financial entity according to the norms established by the Central Bank, the amount recorded in "Total balance per client" must be repeated in this column.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 2nd. Date 19.6.81 Communication “A” 37 CONAU - 1 - 6 Page 3 of 3

2.8. Debtor situation code:
The code corresponding to the debtor's situation within the "Debtor situation statement" of the Balance of Balances, at the date of the information, must be noted.

The code to be placed will be the one corresponding to the main grouping (e.g.: 910000/9, for debtors in normal situation; 930000/5, for debtors with delays, etc.), regardless of whether the debt is due or not.

2.9. Totals:
The sum of each of the corresponding columns must be noted.

The sum of the totals of the columns "Preferred", "Other" and "Without guarantees", must coincide with the total of the "Balance" column.

2.10. Total of Loans plus Other Credits by Financial Intermediation plus Financial Leasing Assets:
The total debt balance (capitals plus adjustments and accrued interest to be collected) for operations included in the items "Loans", "Other Credits by Financial Intermediation" and "Financial Leasing Assets" of the Balance of Balances must be recorded, with the exclusions of the concepts provided for in points 2.4. and 2.5.

2.11. Total of Loans plus Other Credits by Financial Intermediation plus Financial Leasing Assets to related clients:
The total of the debt balances (capitals plus adjustments and accrued interest to be collected) of related clients, which make up the amount referred to in point 2.10, will be recorded.

2.12. Total quantity of clients:
The total quantity of clients to whom the financings that make up the balance mentioned in point 2.10 have been granted will be noted.

2.13. Relationships:
The results of the indicated calculations will be expressed with two decimals.

Regarding Relationship No. 3, the following clarifications should be taken into account:

• Sum of balances ≥ j: Sum of the amounts recorded in "Total balance per client" that are equal to or greater than the average indicated in "j".
• Quantity of clients with balances ≥ j: Quantity of clients to whom the balances equal to or greater than "j" correspond.
• Sum of balances < j: Sum of the amounts recorded in "Total balance per client" that are less than the average indicated in "J".
• Quantity of clients with balances < j: Quantity of clients to whom the balances less than "j" correspond, included in "Total balance per client".

2.14. Sum of (ñ) + (o) + (p) + (q) + (r) + (s):
This information will be used as a control total.

2.15. Observations:
The entity will include the additional information it deems appropriate or that the Central Bank may eventually request.

Form. 3519 A (V - 81)
Quarter No.
Year

CENTRAL BANK OF THE REPUBLIC ARGENTINA
Management of Studies of
Financial Entities

COMPLEMENTARY INFORMATION TO THE
DISTRIBUTION OF CREDIT BY CLIENT

C O D E

Entity:
Order Identification No.
Type Number

N A M E O R C O R P O R A T E N A M E

The provision of this form must be requested via formula 337.

Order Identification No.
Type Number

N A M E O R C O R P O R A T E N A M E

Place and date:
Credits Area (*) General Manager
Signature and clarification Signature and clarification

(*) - To be signed by the highest-ranking responsible person.