We advised on a new issuance of Notes by Celulosa Argentina S.A. for US$10,295,290

Tavarone, Rovelli, Salim & Miani acted as legal counsel to Celulosa Argentina S.A. while Bruchou & Funes de Rioja acted as legal counsel to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A., in the public offering of 9.50% Additional Class 17 Notes for U$S10,295,290 due August 8, 2025, issued by Celulosa Argentina S.A. on April 27, 2023 under its U$S150,000,000 Global Notes Program. Additional Class 17 Notes are denominated in U.S. dollars and payable in Argentine pesos.

Additional Class 17 Notes are additional to 9.50% Original Class 17 Notes for U$S9,337,600 due August 8, 2025, issued on August 8, 2025.

After the inssurrance of the Additional Clase 17 Notes, the outstanding total amounts of Class 17 Notes are U$S 19.632.890.

Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A. acted as placement agents of Additional Class 17 Notes. Banco de Servicios y Transacciones S.A. and Puente Hnos. S.A. acted as arrangers of the issuance, and Banco de Servicios y Transacciones S.A. also acted as settlement agent of this issuance.

External Counsel to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A.

Bruchou & Funes de Rioja through its team led by partner José María Bazán, together with associates Leandro Exequiel Belusci, Ramón Augusto Poliche and Malena Tarrío.

External Counsels to Celulosa Argentina S.A.

Tavarone, Rovelli, Salim & Miani through its team led by partner Marcelo Rafael Tavarone, together with associates Martina Ximena Sumaria Gutiérrez, Quimey Lia Waisten and Sebastián Chibán Zamar.