We advised Oleoductos del Valle S.A. on the issuance of US$110,000,000 Class 7 Notes

Bruchou & Funes de Rioja advised Oleoductos del Valle S.A. (“Oldelval”) and TCA Tanoira Cassagne advised Macro Securities S.A.U., as arranger and placement agent (the “Arranger”), and Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., Max Capital S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco Patagonia S.A., Allaria S.A., Adcap Securities Argentina S.A., SBS Trading S.A., and Industrial Valores S.A. as placement agents (together, the “Placement Agents”), in the successful issuance of the Class 7 Notes, denominated and payable in US Dollars in Argentina for a nominal amount of US$ 110,000,000, which will accrue interest at a fixed rate of 6.90% and will mature on February 23, 2030, bullet.

The proceeds from the offering will be used primarily to refinance and/or repay existing indebtedness (including, without limitation, the principal and interest of the Class 1 Notes issued by the Company), depending on market conditions and the Company’s financing needs.

Legal counsel to Oleoductos del Valle S.A.

Bruchou & Funes de Rioja: Partner Leandro Exequiel Belusci, and associates Quimey Lía Waisten, and Marco Haas.

Legal counsel to the Arranger and the Placement Agents

TCA Tanoira Cassagne: Partners Alexia Rosenthal, and Rocío Carrica and associates Lucía Viboud Aramendi, Juan Manuel Simó, and Stefania Lo Valvo.