Circular CONAU 1-1741 et al.: Cash and Forward Operations, Repos, Guarantees, Derivatives, Investment Funds, Credit Policy, Minimum Capital, Result Distribution

"2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS"

COMMUNICATION "A" 8490 08/10/2026

TO FINANCIAL ENTITIES:
Ref.: Circular
CONAU 1-1741,
LISOL 1-1156,
OPRAC 1-1321,
RUNOR 1-1976:
Cash and Forward Operations,
Repos, Guarantees, other Derivatives and Investment Common Funds. Credit Policy. Minimum Capital of Financial Entities. Distribution of Results. Adjustments. ___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, establishes:

"- To order that financial entities may be holders of shares in investment funds authorized by the National Securities Commission (CNV), through which Labor Assistance Funds (FAL) are instrumented, under the terms of Law 27.802 and its complementary and modifying regulations (TO on Cash and Forward Operations, Repos, Guarantees, other Derivatives and Investment Common Funds, Sec. 7.).

Investments in shares of investment funds and participation certificates of financial trusts, authorized by the CNV, through which FAL are instrumented, shall not be subject to the prohibition established in point 1.4.2 of the ordered text on Credit Policy.

The balance of these investments shall be deducted from ordinary Tier 1 capital (COn1). The accumulated result generated by these investments, net of the portion applied for the purposes provided for by the FAL regime, shall not form part of the distributable result."

Likewise, we inform you that we will subsequently send you the pages that, in replacement of those previously provided, shall be incorporated into the ordered texts of the reference.

We greet you sincerely.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Pablo D. Montero Marina Ongaro
Manager of Issuance of Norms
General Deputy Manager of Financial Regulation