Circular CAMEX 1-1052 Foreign Exchange and Currency. Update of the Consolidated Text.

“Year of the Reconstruction of the Argentine Nation” COMMUNICATION “A” 8307 25/08/2025 TO FINANCIAL ENTITIES, TO EXCHANGE OPERATORS, TO NON-FINANCIAL COMPANIES ISSUING CREDIT CARDS, TO NON-FINANCIAL COMPANIES ISSUING PURCHASE CARDS: Ref.: Circular CAMEX 1-1052: Foreign Exchange and Currency. Update of the Consolidated Text.

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We address you to deliver herewith the sheets that, replacing those previously provided, must be incorporated into the reference standard, in accordance with the provisions disseminated by Communications A 8226, A 8227, A 8230, A 8234, A 8244, A 8245, A 8257, A 8261 and A 8296. Likewise, adjustments derived from the implications for Foreign Exchange and Currency regulations arising from Communications A 8254, 8299 and 8304 are introduced. Additionally, some normative interpretations, formal adjustments, and reordering of certain points have been incorporated. It is recalled that on this Institution's website www.bcra.gob.ar, accessing "Financial System - LEGAL AND REGULATORY FRAMEWORK - Consolidations and summaries - Consolidated texts of general regulations", the modifications made with highlighted text in special characters (strikethrough and bold) will be found. We greet you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Oscar C. Marchelletta Marina Ongaro Chief Manager of Foreign Exchange and Currency General Submanager of Financial Regulation ANEXO (ANNEX)

• Índice - Section 1. General Provisions. Section 2. Specific Provisions for Inflows from the Foreign Exchange Market. 2.1. Export collections of goods. 2.2. Export collections of services. 2.3. Disposal of non-produced non-financial assets. 2.4. Debt instruments subscribed abroad and financial indebtedness with foreign entities. 2.5. Debt instruments or other debt-representative securities denominated and payable in foreign currency in the country. 2.6. Exception from settlement of export collections for beneficiaries of the "Stimulus Regime for Knowledge Economy Exports". 2.7. Other exceptions to the settlement obligation. 2.8. Swaps and arbitrages with clients associated with foreign currency inflows. 2.9. Operations included in Article 3 of Decree 616/05. B.C.R.A. CONSOLIDATED TEXT OF REGULATIONS ON "FOREIGN EXCHANGE AND CURRENCY". Version: 16th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 1

• Índice - 3.14. Swaps and arbitrages with clients not associated with foreign currency inflows. 3.15. Cancellation by financial entities of foreign credit lines applied to financing foreign trade operations and granted financial guarantees. 3.16. Complementary requirements for outflows from the foreign exchange market. 3.17. Access with “Certification for access regimes to foreign currency for incremental production of oil and/or natural gas (Decree 277/22)”. 3.18. Access with “Certification of increased goods exports”. Section 4. Other specific provisions. 4.1. Operations with debit in an account at a local financial entity and/or with credit, purchase, and prepaid cards issued domestically. 4.2. Operations conducted through the Local Currencies System (SML). 4.3. Securities operations. 4.4. Subscription of BOPREAL bonds by debtors of goods imports with customs entry registration until 12/12/23. 4.5. Subscription of BOPREAL bonds by debtors of services provided or accrued by non-residents until 12/12/23. 4.6. Subscription of BOPREAL bonds for profits and dividends of non-resident shareholders pending payment or already received domestically. 4.7. Subscription of BOPREAL bonds by debtors of capital and overdue interest with affiliated counterparties subject to prior BCRA approval as set forth in points 3.3.3. and 3.5.6. 4.8. Complementary provisions associated with the Bonds for the Reconstruction of a Free Argentina (BOPREAL). Section 5. Operational guidelines. 5.1. Foreign exchange market operating hours. 5.2. Retail foreign exchange rate. 5.3. Foreign exchange receipts/vouchers. 5.4. Client identification. 5.5. Minimum information in fund transfers to and from abroad. 5.6. Notification to clients of fund crediting in correspondent accounts. 5.7. Registration of operations with clients before the BCRA. 5.8. Daily global receipts/vouchers. 5.9. General foreign exchange position and foreign currency holdings of entities. 5.10. Operations inherent to entities. 5.11. Foreign exchange operations between entities. 5.12. Arbitrage and swap operations abroad by entities. 5.13. Operations involving import and/or export of national currency. 5.14. Settlement of foreign currency financing granted by local financial entities. 5.15. Suspension of operations for non-compliance with BCRA registration. B.C.R.A. CONSOLIDATED TEXT OF REGULATIONS ON "FOREIGN EXCHANGE AND CURRENCY". Version: 8th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 2

• Índice - Section 6. Definitions. 6.1. Instruments operated in the foreign exchange market. 6.2. Types of operations conducted in the foreign exchange market. 6.3. Spot operations. 6.4. Forward operations. 6.5. Resident. 6.6. Operations with affiliated counterparties. 6.7. General foreign exchange position (GFP). 6.8. Services. 6.9. Income (primary income). 6.10. Current transfers (secondary income). 6.11. Non-produced non-financial assets. 6.12. Local governments. Section 7. Export collections of goods. 7.1. Obligation to deposit and settle within established deadlines. 7.2. Settlements and other inflows attributable to fulfilling a shipping permit. 7.3. Application of foreign currency from export collections. 7.4. Other admissible attributions in fulfilling the deposit and settlement obligation. 7.5. Extensions of the deadline for depositing and settling foreign currency. 7.6. Non-compliant parties in collection management. 7.7. Cancellation of advances or other export financing without application of foreign currency for goods exports. 7.8. Other provisions. 7.9. Financial operations authorized to apply export collections of goods and services. 7.10. Operations authorized for applying export collections of goods under the investment stimulus regime for exports (Decree 234/21). 7.11. Financing associated with goods imports authorized for applying export collections of goods. Section 8. Monitoring of foreign exchange negotiations for goods exports (SECOEXPO). 8.1. Operations included. 8.2. Entity nominated by the exporter. 8.3. Information on export destinations available to entities. 8.4. Responsibilities of the nominated entity for monitoring the permit. 8.5. Other admissible attributions in fulfilling the monitoring. 8.6. Entity reports in the monitoring system. B.C.R.A. CONSOLIDATED TEXT OF REGULATIONS ON "FOREIGN EXCHANGE AND CURRENCY". Version: 6th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 3

• Índice - Section 9. Monitoring of advances and other financial facilities for goods exports. 9.1. Operations included. 9.2. Entity nominated by the exporter. 9.3. Certifications of application of export collections. 9.4. Date of foreign currency application. 9.5. Minimum data constituting the certification. 9.6. Other circumstances that reduce the pending application amount. 9.7. Operations conducted through the Local Currencies System (SML). 9.8. Compliance with BCRA information regime. Section 10. Payments of imports and other goods purchases abroad. 10.1. General provisions. 10.2. Definitions. 10.3. Payments of goods imports with customs entry registration. 10.4. Payments of goods imports with pending customs entry registration. 10.5. Monitoring of import payments with pending customs entry registration. 10.6. Other provisions. 10.7. Financial entity credit lines applied to financing imports. 10.8. Cancellation abroad of debts originating from Argentine goods imports that do not qualify as commercial debts. 10.9. Other purchases of goods abroad. 10.10. Complementary provisions for goods imports that had or will have customs entry registration from 13/12/23 onwards. 10.11. Complementary provisions for goods imports with customs entry registration until 12/12/23. Section 11. Import payment monitoring system (SEPAIMPO). 11.1. Monitoring of import officializations. 11.2. Monitoring of import payments made prior to customs entry registration. Section 12. NCM tariff positions with specific treatment in goods import regulations. 12.1. Tariff positions referenced in points 10.10.2.1. and 10.10.2.2. B.C.R.A. CONSOLIDATED TEXT OF REGULATIONS ON "FOREIGN EXCHANGE AND CURRENCY". Version: 8th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 4

• Índice – Section 13. Payments of services provided by non-residents. 13.1. General provisions. 13.2. Payments of services provided or accrued from 13/12/23 onwards. 13.3. Payments of services provided or accrued from 13/12/23 onwards prior to what is set forth in points 13.2.3. to 13.2.7. 13.4. Payments of services provided or accrued by non-residents until 12/12/23. 13.5. Cancellation of letters of credit or guaranteed promissory notes issued or granted by financial entities to guarantee service imports. 13.6. Financial entity credit lines applied to financing service imports. Section 14. Complementary provisions associated with the Regime for Incentives for Large Investments (RIGI). 14.1. Benefits related to depositing and/or settling export collections of goods and services. 14.2. Benefits related to accessing the foreign exchange market for outflow operations. 14.3. Other benefits. 14.4. Complementary requirement for outflows for a VPU that intends to use benefits regarding export collections of goods and services. 14.5. Other provisions. 14.6. Exchange rate stability. Section 15. Legal provisions determining the general structure of the foreign exchange market. 15.1. Articles 1° and 2° of Decree 260/02. 15.2. Articles 1°, 2° and 3° of Decree 609/19. Correlation table. B.C.R.A. CONSOLIDATED TEXT OF REGULATIONS ON "FOREIGN EXCHANGE AND CURRENCY". Version: 5th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 5

1.1. In all foreign exchange, swap and/or arbitrage operations conducted through the free foreign exchange market, established by Article 1 of Decree 260/02 according to the text established by Article 132 of Law 27.444, hereinafter “foreign exchange market”, financial or exchange entities authorized to operate in foreign exchange by the Central Bank of the Argentine Republic (BCRA), hereinafter “entities”, must intervene. 1.2. Entities may grant access to the foreign exchange market to natural or legal persons and estates and other universals, hereinafter “clients”, when they verify compliance with the general provisions and, where applicable, those specific ones provided for the relevant concept in this consolidated text. In all cases, the entity must have the elements to verify the genuine nature of the operation to be conducted and its correct classification under the declared concept. 1.3. Foreign exchange operations shall be carried out at a freely agreed exchange rate between the parties. 1.4. For each foreign exchange, swap and/or arbitrage operation, entities must issue a purchase and/or sale foreign exchange receipt, as applicable, in accordance with point 5.3. 1.5. Non-compliance with this regulation shall be subject to the Foreign Exchange Criminal Regime Law. 1.6. Entities must comply with client identification requirements and operation registration before the BCRA according to the corresponding information regime. Non-compliance in sending information is subject to the application of Article 41 of the Financial Entities Law. 1.7. Entities must comply with regulations on “Anti-Money Laundering, Counter-Terrorist Financing and other illicit activities”. 1.8. The various consultations or requests for prior approval that clients make regarding operations to be conducted in the foreign exchange market must invariably be submitted through an entity authorized to conduct the type of operation contained therein. The submissions by entities must be made at the BCRA entrance desk, addressed to the Chief Manager of Foreign Exchange and Currency. Submissions must include an analysis by the intervening entity regarding the operation's classification, the client's original note, and the necessary data to identify the operation and proceed with its analysis according to the type of consultation or request, attaching relevant documentation for the requested analysis. 1.9. Affected parties must comply with the “Survey of Foreign Assets and Liabilities” for operations that must be declared, even when no funds have entered the foreign exchange market and/or access to that market is not expected in the future. B.C.R.A. FOREIGN EXCHANGE AND CURRENCY Section 1. General Provisions. Version: 5th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 1

2.1. Export collections of goods. In Sections 7., 8. and 9. the regulations associated with goods export operations are detailed, along with provisions related to monitoring foreign exchange negotiations for goods exports (SECOEXPO) and monitoring advances and other financial facilities for goods exports, respectively. 2.2. Export collections of services. 2.2.1. Collections for services provided by residents to non-residents must be deposited and settled in the foreign exchange market within a maximum of 20 (twenty) business days from the date of receipt abroad or in the country, or their crediting in foreign accounts. If the client is a Single Purpose Vehicle (VPU) adhered to the Regime for Incentives for Large Investments (RIGI) that has declared before the Applying Authority its intention to use the benefits established in Article 198 of Law 27.742, the exception provided in point 14.1.3 shall apply. For funds received or credited abroad, deposit and settlement may be considered fulfilled by the amount equivalent to usual expenses debited by foreign financial entities for transferring funds to the country. 2.2.2. Export collections of services that are deposited within regulatory deadlines and fall under the following situations shall be exempt from the settlement obligation: 2.2.2.1. These are export collections of services provided by natural persons and meet all the following conditions: i) The operations correspond to the following concept codes: S01 Maintenance and repairs. S07 Construction services. S12 Telecommunications services. S13 Information technology services. S14 Information services. S15 Charges for the use of intellectual property. S16 Research and development services. S17 Legal, accounting, and management services. S18 Advertising, market research, and public opinion survey services. S19 Architectural, engineering, and other technical services. S21 Services related to trade. S22 Other business services. B.C.R.A. FOREIGN EXCHANGE AND CURRENCY Section 2. Specific Provisions for Inflows from the Foreign Exchange Market. Version: 7th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 1

S23 Audiovisual and related services. S24 Other personal, cultural, and recreational services. S27 Other health services. S28 Educational instruction. ii) The funds are credited in foreign currency accounts owned by the client at local financial entities. iii) The client has not used this mechanism for an amount exceeding the equivalent of USD 36,000 (thirty-six thousand US dollars) in the calendar year, across all entities and for all included concepts. iv) The intervening entity holds a sworn declaration from the exporter confirming that the annual limit across all entities and concepts is not exceeded. v) The use of this mechanism must be fiscally neutral. For registration purposes, two receipts/vouchers without peso movement must be issued; the purchase receipt corresponds to the applicable service concept, and the sale receipt is registered under the concept code “A22. Crediting of export collections of goods and services”. 2.2.2.2. These are export collections of services provided by legal entities that benefit from the Stimulus Regime for Knowledge Economy Exports (Chapter II of Decree 679/22) and meet all the following conditions: i) The operations correspond to the concept codes stated in point 2.2.2.1.i). The intervening entity must additionally hold a sworn declaration from the client confirming that the collections exempted from settlement correspond to services related to knowledge economy activities. ii) The client holds the equivalent of the amount intended not to be settled with a “Certification of increased exports associated with the knowledge economy (Decree 679/22)” issued under the terms set forth in point 2.6.2. B.C.R.A. FOREIGN EXCHANGE AND CURRENCY Section 2. Specific Provisions for Inflows from the Foreign Exchange Market. Version: 6th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 2

iii) The foreign currency funds must be credited in a “Special account for the knowledge economy stimulus regime. Decree 679/22” owned by the client until they are used to pay remuneration for employed personnel, duly registered and allocated to knowledge economy activities, in accordance with the criteria established by Decree 679/22 and Resolution 234/22 of the Ministry of Economy. For registration purposes, two receipts/vouchers without peso movement must be issued; the purchase receipt corresponds to the applicable service concept, and the sale receipt is registered under the concept code “A22. Crediting of export collections of goods and services”. 2.2.2.3. These are export collections of services corresponding to the following operations associated with international tourism in the country: i) Collections for domestic consumption by non-residents using debit, credit, purchase, or prepaid cards issued abroad. ii) Collections for domestic consumption by non-residents using electronic wallets or any other payment method implying immediate debit in an account at a foreign financial entity or a virtual account at a foreign company. If the payment modality allows the use of virtual accounts, the party depositing the funds must demonstrate that the payment mechanism provides for such accounts to be opened at institutions authorized by their home country's monetary authority, and that holding a tax ID from that country is a condition for account opening. iii) Collections for any type of domestic tourism service contracted by non-residents, including services contracted through wholesale and/or retail travel agencies in the country. iv) Collections for passenger transport services for non-residents traveling to the country by land, air, or sea. For registration purposes, two receipts/vouchers without peso movement must be issued; the purchase receipt corresponds to the applicable service concept, and the sale receipt is registered under the concept “A10. Debit/credit of foreign currency in local accounts for transfers with abroad”. B.C.R.A. FOREIGN EXCHANGE AND CURRENCY Section 2. Specific Provisions for Inflows from the Foreign Exchange Market. Version: 5th. COMMUNICATION “A” 8307 Validity: 26/08/2025 Page 3

2.2.3. If collections are deposited through the local currencies system, settlement is considered fulfilled by the amount credited in national currency to the exporter's account. If services are provided to Paraguayan or Uruguayan residents and invoiced in the destination country's currency, the equivalent amount in that currency is calculated. 2.2.4. The application of export collections of services to the settlement of principal and interest on financial indebtedness included in point 3.5., or debt securities with a