Circular CAMEX 1-1039: Foreign Exchange and Changes. Adjustments.

"Year of the Reconstruction of the Argentine Nation" "Year of the Reconstruction of the Argentine Nation"

COMMUNICATION "A" 8178 16/01/2025

TO FINANCIAL ENTITIES,
TO EXCHANGE HOUSES:

Ref.: Circular
CAMEX 1-1039:
Foreign Exchange and Changes. Adjustments.

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We address you to inform you that this Institution has adopted the following resolution:

1- Incorporate into point 5.9. of the consolidated text on Foreign Exchange and Changes the following:

"5.9.5. When entities acquire securities in primary subscription with settlement against cable in foreign accounts, they may only sell them in the secondary market with settlement in foreign currency in the country once 90 (ninety) days have elapsed from the date of their acquisition. This period is not applicable to sales that are made with settlement against cable in foreign accounts."

2- This measure will be applicable to all primary subscriptions with settlement from 20/01/25.

We greet you sincerely.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Oscar C. Marchelletta Marina Ongaro

Principal Manager of
Foreign Exchange and Changes

General Deputy Manager of
Financial Regulation