Circular CONAU 1-1669: Distribution of Results. Adjustments.

"Year of the Reconstruction of the Argentine Nation" COMMUNICATION "A" 8214 13/03/2025 TO FINANCIAL ENTITIES:
Ref.: Circular
CONAU 1-1669:
Distribution of Results. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, in its relevant part, establishes:

"- It is ordered that until 12/31/25, financial entities that have prior authorization from the Central Bank of the Argentine Republic – in accordance with what is provided in Section 6. of the consolidated text on Distribution of Results – may distribute results in 10 (ten) equal, monthly, and consecutive installments (starting from 06/30/25 and no earlier than the penultimate business day of the following months) for up to 60% (sixty percent) of the amount that would have corresponded according to that consolidated text. Such distribution of results must be consistent with the objectives of monetary stability and with what is reported in the Information Regime Business Plan and Projections and Capital Self-Assessment Report. The calculation of the concepts provided for in Sections 2. to 5. of that consolidated text, as well as the amount of the indicated installments, must be carried out in homogeneous currency of the date of the assembly or the payment of each of the installments, as the case may be."

Regarding this matter, we provide you with the sheets that, in replacement of those previously provided, must be incorporated into the consolidated texts on Distribution of Results and Net Global Position in Foreign Currency. In this sense, it is recalled that on this Institution's website www.bcra.gob.ar, accessing "Financial System - LEGAL AND REGULATORY FRAMEWORK - Orders and summaries - Consolidated texts of general regulations", the modifications made with text highlighted in special characters (strikethrough and bold) can be found. We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Enrique C. Martin Marina Ongaro Manager of Emission Deputy General Manager of Financial Regulation

ANNEX

7.1. The countercyclical capital buffer that financial entities must apply to their exposures in Argentina, in accordance with what is established in point 4.2., is established, starting from 04/01/16, at 0%.
7.2. For the purpose of determining distributable results, the increase in the computable equity responsibility (RPC) resulting from the application of point 11.4. of the TO on Minimum Capital of Financial Entities and the lower provisions and higher RPC resulting from the treatments established in point 2. of Communication A 6946 (and amendments) – for financing to Small and Medium Enterprises (SMEs) destined for the payment of salaries – in point 2. of Communication A 7427, in point 3. of Communication A 7659, and in Communication A 7928 – which postponed until 01/01/25, on an optional and irrevocable basis for financial entities of groups B and C that are not branches or subsidiaries of banks classified as Global Systemically Important Banks (G-SIB), the application of point 5.5 of IFRS 9 – must be deducted from the calculations provided for in Sections 2. and 3.
7.3. Until 12/31/25, financial entities that have prior authorization from the BCRA – in accordance with what is provided in Section 6. – may distribute results in 10 equal, monthly, and consecutive installments (starting from 06/30/25 and no earlier than the penultimate business day of the following months) for up to 60% of the amount that would have corresponded according to these regulations.
Such distribution of results must be consistent with the objectives of monetary stability and with what is reported in the Information Regime Business Plan and Projections and Capital Self-Assessment Report. The calculation of the concepts provided for in Sections 2. to 5., as well as the amount of the indicated installments, must be carried out in homogeneous currency of the date of the assembly or the payment of each of the installments, as the case may be.

B.C.R.A. DISTRIBUTION OF RESULTS
Section 7. Transitional Provisions.
Version: 17th. COMMUNICATION "A" 8214 Validity:
14/03/2025 Page 1

CONSOLIDATED TEXT ORIGIN OF THE NORM OBSERVATIONS Sec. Point Para. Com. Annex Cap. Sec. Point Para.
1. "A" 4589 1. According to Com. "A" 5827 and
6464.
2.
1st and 2nd "A" 4589 2. According to Com. "A" 4591 (point 6.), 5273, 5827, 6327 and 6464.
2.1. "A" 6327 12.
2.2. "A" 6396 4.
2.3. "A" 6327 12.
2.4. "A" 4589 2.3.
2.5. "A" 4589 2.4.
last "A" 6327 26.
3.
1st "A" 4589 3. According to Com. "A" 4591 (point 8.), 5072, 5273, 5827, 5985, 6464 and "B" 9104.
3.1. "A" 4589 3.1. According to Com. "A" 4591 (point
8.) and 6428.
3.2. "A" 4589 3.3. iv) According to Com. "A" 4591 (point
8.) and "B" 9104.
3.3. "A" 4589 3.3. According to Com. "A" 4591 (point
8.), 6428 and 6464.
3.4. "A" 5737 4.
last "A" 4589 1.1. a
1.4.
According to Com "A" 4591, 5072 and 6464.
4. "A" 5827
5.
"A" 4591 1. According to Com. "A" 5282 and
5827.
5.1. "A" 4591 1. Incorporates the interpretative criterion of Com. "C" 46841.
According to Com. "A" 5393.
5.2. "A" 4591 1. According to Com. "A" 4686, 4702,
5072, 5180, 5282, 5369,
5580, 5827, 6013, 6464 and
"B" 9104.
6. "A" 6768
7.
7.1. "A" 5938
7.2. "A" 6946 3. According to Com. "A" 7007, 7108,
7143, 7181, 7427, 7659 and
7928.
7.3. "A" 6939 According to Com. "A" 7007, 7035,
7181, 7312, 7421, 7659,
7719, 7984 and 8214.
B.C.R.A. ORIGIN OF THE PROVISIONS CONTAINED IN THE CONSOLIDATED TEXT ON DISTRIBUTION OF RESULTS

4.1. Admit from 06/18/18 that the positive Net Global Position in Foreign Currency (PGNME) may reach up to 30% of the RPC, as long as the total excess with respect to the general limit originates solely as a consequence of:
a) increase in the position in National Treasury bills in US dollars with respect to those held on 06/15/18; and/or b) position in National Treasury bills in US dollars on 06/15/18 maintained as excess admitted to the limit in force on that date; and/or c) increase in the position in Treasury bills linked to the US dollar with respect to those held on 05/13/19. It includes public titles in foreign currency that entities receive in exchange for National Treasury bills – within the framework of Law 27.556 – that have been attributed to this point on the business day immediately preceding that on which they are delivered in exchange.
4.2. Exclude for the determination of the PGNME loan contracts in pesos with variable remuneration based on the variation of the US dollar exchange rate (Section 8. of the TO
on Credit Policy), agreed until 05/27/2020, that are not covered with term investments with variable remuneration based on the US dollar (point 2.5.6.6. of the TO on Deposits and Term Investments).

B.C.R.A. NET GLOBAL POSITION IN FOREIGN CURRENCY
Section 4. Transitional Provisions.
Version: 16th. COMMUNICATION "A" 8214 Validity:
14/03/2025 Page 1

CONSOLIDATED TEXT ORIGIN OF THE NORM OBSERVATIONS Sec. Point Para. Com. Annex Sec. Point Para. 1.
1.1. "A" 3889 1. According to Com. "A" 4135,
4140, 4150, 4577, 6396,
6663, 6776 and 7786.
1.2. "A" 4350 2. According to Com. "A" 5834,
5847, 5851 and 7029.
1.2.1. "A" 4350 2.
1.2.2. "A" 5847 1. According to Com. "A" 5851.
1.2.3. "A" 7545 1.
1.2.4. "A" 7556 5. According to Com. "A" 7571.
1.2.5. "A" 7556 5.
1.2.6. "A" 7556 5.
2.
2.1. "A" 3889 1. According to Com. "A" 4577,
4598, 5834, 5851, 6128,
6233 and 6507.
2.2. "A" 3889 1. According to Com. "A" 4350,
4598, 5536, 5611, 5627,
5834, 5851, 5891, 5917,
5935, 5997, 6128, 6233,
6501, 6507, 6526, 6735,
6754, 6759, 6763, 6770,
6774, 6775, 7003, 7022,
7071, 7101, 7405, 7416,
7417, 8025, 8093 and 8154.
Includes regulatory clarification.
3.
3.1. "A" 3889 1. According to Com. "A" 4350,
5356, 5550, 6091, 6638,
6754, 6759 and 7939.
3.2. "A" 5550 2.
4.
4.1. "A" 6526 7. According to Com. "A" 6699, 6735
and 7093.
4.2. "A" 6846 4. According to Com. "A" 7029 and
7036.
B.C.R.A. ORIGIN OF THE PROVISIONS CONTAINED IN THE CONSOLIDATED TEXT ON NET GLOBAL POSITION IN FOREIGN CURRENCY