Circular REMON 1-1152: Placement of Funds from the Sustainability Guarantee Fund in Financial Entities. UVA Fixed-Term Deposits for Mortgage Credits for Housing

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

COMMUNICATION "A" 8475 04/09/2026

TO FINANCIAL ENTITIES: Ref.: Circular REMON 1-1152: Placement of funds from the Sustainability Guarantee Fund in financial entities. UVA fixed-term deposits for mortgage credits for housing.

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We address you to inform you that the Central Bank of the Republic Argentina (BCRA), in its capacity as technical and operational collaborator of the National Social Security Administration (ANSES) as administrator of the Sustainability Guarantee Fund (FGS), under the terms of the Technical Collaboration Agreement signed with said body, will organize and execute auctions for fixed-term deposits in pesos adjustable by Value Acquisition Units (UVA) plus a spread, whose funds must be used, exclusively, for granting mortgage credits for the purchase, construction, or improvement of primary residences for natural persons, under the conditions established in this document and the specific regulations determined in each adjudication. To this effect, the following general conditions shall apply:

Instrument: fixed-term deposit in pesos adjustable by UVA plus a spread. Total Program Amount: $2,000,000,000,000 (two trillion pesos). System: auctions will be conducted through the SIOPEL system of A3 Mercados, Rueda LIC2. Auction Mechanism: auctions will be carried out using a multiple-price system. In the event that more than one tranche is auctioned, first, the amounts of the bids will be summed, and then, the bid amounts will be grouped by tranche. The percentage of the bid amount per tranche with respect to the total bid amount will be the percentage of the total auction assigned to each tranche. Then, within each tranche, bids will be ordered by the offered interest rate in descending order, starting from the one that records the highest nominal annual passive interest rate for the auctioned term. Such bids will be accepted successively starting from the first. In the case where two or more bids record the same cutoff rate and their sum exceeds the distributable amount, the quotas for each tranche will be assigned pro rata among the adjudicatees based on said amount. In the event that a financial entity (EEFF) makes a single bid and it does not fall within the established limits, said bid will be discarded. In the event that an EEFF makes multiple bids and any of the limits are not met, the bids of that EEFF will be ordered by the offered nominal annual rate (TNA) in descending order, and the bids with the lower rates will be discarded until they fit within the established limits.

-2- Minimum bid amount: $1,000,000,000 (one billion pesos). Tranches and minimum spreads: Tranche 1: term of 1 (one) year, at a rate equivalent to UVA plus a minimum spread of 2.50% (two point five zero percent). Tranche 2: term of 5 (five) years, at a rate equivalent to UVA plus a minimum spread of 4.50% (four point five zero percent). Maximum rate for mortgage credits: Adjudicated EEFFs may not grant mortgage credits with the funds adjudicated under this auction at a rate higher than UVA plus 7.50% (seven point five zero percent) TNA. Limit and term per mortgage: The amount of each mortgage credit granted by EEFFs may not exceed 150,000 (one hundred fifty thousand) UVA, and the term of the credits may not be less than 15 (fifteen) years. Decimals of the offered spread: The offered spread must be expressed with up to 2 (two) decimals. Limit on the amount to be adjudicated to each EEFF: The adjudicated amount may not exceed: • the equivalent to 2% (two percent) of its Computable Equity, last available; • 20% (twenty percent) of the total mortgage credit portfolio of the EEFF in force on the date of the auction; • the maximum amount of the credit line that would have been assigned to it under the terms of subsection c) of article 15 of Act 172 of the Executive Committee of the FGS (https://www.anses.gob.ar/sites/default/files/inline-files/Acta-172.pdf). As emerges from the informed link, each EEFF must have a maximum assigned credit line for this type –accounting for the fixed-term deposits already constituted in the entity– according to the formula contained therein. Maximum offered amount: The sum of the bids presented by each EEFF may not exceed 20% (twenty percent) of the total auctioned amount. Term for the constitution of the fixed-term deposit: Adjudicated EEFFs must request the total accreditation of resources mandatorily, with a maximum term of up to 2 (two) business days following the relevant notification from the BCRA, a term that may not be extended. Likewise, EEFFs must, automatically upon the accreditation of funds, effect the constitution of fixed-term deposits in pesos adjustable by UVA owned by ANSES-FGS. Eligible Entities: EEFFs must have, at minimum, a local long-term risk rating corresponding to category BBB. In the event that an entity has more than one risk rating with different notes, for the purpose of determining compliance with the minimum rating required to integrate the FGS investment portfolio, the lowest of them will be considered. Likewise, EEFFs must not be subject to a regularization and sanitation plan under the terms of article 34 of Law 21.526, nor owe the charges provided for in article 35 of said law, nor be subject to final sanctions that imply a valid operational restriction. Non-compliance: In the event of non-compliance with the conditions determined for the adjudication, the administrator of the FGS will be enabled, at its discretion, to cancel in advance, totally or partially, the sums adjudicated from the corresponding fixed-term deposit, resulting in the immediate exigibility of the capital adjusted by UVA and the accrued interest. The non-compliant EEFF must liquidate the precancelled adjudicated sums within the peremptory term of 24 (twenty-four) business hours, counted from the reliable notification of the precancellation. Likewise, the administrator of the FGS may exclude the EEFF that incurs in such non-compliance from participating in the next auction, counted from the day immediately following the confirmation of the non-compliance. The participation of an EEFF in an auction implies its full adherence and acceptance of the terms and conditions established in this Communication and those applicable to the call and adjudication. Auction Date: Will be established in each call for auction. Time: Will be established in each call for auction. Amount to be auctioned: Will be established in each call for auction. Term for the application of funds: Will be established in each call for auction. Number of bids: Will be established in each call for auction. We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Maria Florencia Schuster Diego Jorge Lopez Airaghi Manager of Operations Analysis Main Manager of Market Operations