We advised Pluspetrol on its entry into the public offering regime and its return to the capital market with the first issuance of Notes for US$197,184,707

Bruchou & Funes de Rioja advised Pluspetrol S.A (“Pluspetrol”), in the entry to the Public Offering Regime of the Argentine Securities and Exchange Commission and in the creation of the Global Notes Program of up to US$1,000,000,000 (or its equivalent in other currencies or units of measure or value) (the “Program”).

Under the Program, Bruchou & Funes de Rioja advised Pluspetrol and TCA Tanoira Cassagne advised Banco de Galicia y Buenos Aires S.A.U. and Banco Santander Argentina S.A., as arrangers and placement agents (the “Arrangers and Placement Agents”), and Balanz Capital Valores S.A.U., SBS Trading S.A., Banco Patagonia S.A., Latin Securities S.A., Industrial Valores S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A.U., Invertironline S.A.U., Banco Supervielle S.A., Banco Comafi S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco de la Ciudad de Buenos Aires, Puente Hnos. S.A., and Banco de Valores S.A. as placement agents (the “Placement Agents”) in the successful issuance of (i) the Class 1 Notes for an amount of US$74,164,370, denominated and payable in U.S. Dollars, with a fixed rate of 6.00%, maturing on January 27, 2028 (the “Class 1 Notes”) and (ii) the Class 2 Notes for an amount of US$123,020,337, denominated and payable in U.S. Dollars, with a fixed rate of 7.50%, maturing on January 27, 2030 (the “Class 2 Notes”, and together with the Class 1 Notes, the “Notes”).

The Notes were listed on the Mercado Abierto Electrónico S.A. (“MAE”) and Bolsas y Mercados Argentinos S.A. (“BYMA”) and were rated AAA(Arg) by FIX SCR S.A. Agente de Calificación de Riesgo with a stable outlook.

Pluspetrol is a benchmark in the operation of unconventional reservoirs, in the development of high-pressure gas fields, and in the extraction of crude oil in mature reservoirs with secondary and tertiary recovery. With an interest in the future, the company is making important investments in the country, and its position in Vaca Muerta formation, one of the largest unconventional hydrocarbon reservoirs in the world, stands out.

Legal counsel to Pluspetrol

Bruchou & Funes de Rioja‘s Banking & Capital Markets Department: Partner José María Bazán and associates Leandro Belusci, Sofía Maselli and Branko Serventich.

Legal counsel to the Arrangers and Placement Agents

TCA Tanoira Cassagne: Partners Alexia Rosenthal, Jaime Urganga, Rocio Carrica and Ignacio Criado Díaz and associates Carolina Mercero, Teófilo Jorge Trusso, Stefania Lo Valvo and Florencia Ramos Frean.