<SEC-DOCUMENT>0001292814-15-002549.txt : 20151103
<SEC-HEADER>0001292814-15-002549.hdr.sgml : 20151103
<ACCEPTANCE-DATETIME>20151103133108
ACCESSION NUMBER:		0001292814-15-002549
CONFORMED SUBMISSION TYPE:	NT 20-F
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150630
FILED AS OF DATE:		20151103
DATE AS OF CHANGE:		20151103
EFFECTIVENESS DATE:		20151103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IRSA INVESTMENTS & REPRESENTATIONS INC
		CENTRAL INDEX KEY:			0000933267
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		NT 20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13542
		FILM NUMBER:		151193149

	BUSINESS ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
		BUSINESS PHONE:		00541143237449

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 20-F
<SEQUENCE>1
<FILENAME>irs20151103_form12b25.htm
<DESCRIPTION>FORM 12B-25
<TEXT>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">STB DRAFT<BR>10/30/15</FONT></B></FONT></P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">FORM 12b&#8209;25</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">NOTIFICATION OF LATE FILING</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(Check One):&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp; Form 10-K&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp; Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp; Form 11-K&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> Form 10-Q</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp; Form 10-D &nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp; Form N-SAR </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp; Form N-CSR</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">For period ended:&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 30, 2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Report on Form 10&#8209;K</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Report on Form 20&#8209;F</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Report on Form 11&#8209;K</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Report on Form 10&#8209;Q</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 72pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Report on Form N&#8209;SAR</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt; LINE-HEIGHT: 200%; TEXT-INDENT: 72pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">For the transition period ended:&nbsp; _____________________</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PART I<BR>REGISTRANT INFORMATION</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">IRSA Inversiones y Representaciones Sociedad Anonima&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Full name of registrant</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Not Applicable&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Former name if applicable</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Bolivar 108&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"><BR>Address of principal executive office<BR>(</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Street and number</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">)</FONT></P>

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<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">City of Buenos Aires, Argentina, </FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(C1066AAD)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">City, state and zip code </FONT></P><FONT style="LINE-HEIGHT: 200%" face="times new roman"></FONT>

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<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">3</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PART II<BR>RULE 12b&#8209;25(b) AND (c)</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 36pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b&#8209;25(b), the following should be completed.&nbsp; (Check box if appropriate.)</FONT></I></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(a)</FONT></P></TD>

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   <P style="MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(b)</FONT></P></TD>

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   <P style="MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(c)</FONT></P></TD>

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   <P style="MARGIN: 12pt 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 200%; TEXT-INDENT: 72pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PART III<BR>NARRATIVE</FONT></B></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.</FONT></I></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">IRSA Inversiones y Representaciones Sociedad Anonima (&#8220;IRSA&#8221; or the &#8220;Company&#8221;) has determined that it is unable to file its Annual Report on Form 20-F for the year ended on June 30, 2015 (the &#8220;Form 20-F&#8221;) by the prescribed due date without unreasonable effort or expense for the following reasons:</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 86.25pt; TEXT-INDENT: -50.25pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">On October 9, 2015, IRSA filed before the SEC a request of relief from the requirement to present full financial statements audited under U.S. GAAS of an associate accounted for using the fair value option on Form 20-F, pursuant to Rule 3-09 of Regulation S-X, based on the fact that the Company was unable to force its associate, IDBD Holdings Corporation Ltd. (&#8220;IDBD&#8221;) to provide audited financial statements following such standards. In lieu of the required information IRSA offered to present full financial statements audited under Israel GAAS, which are already available. On October 29, 2015, IRSA received a response from the staff of the SEC denying IRSA&#8217;s request. Consequently, IRSA will need additional time to request and obtain the US GAAS audit report for IDBD. </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">4</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 12pt 86.25pt; TEXT-INDENT: -50.25pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">As previously reported by way of a filing on Form 6-K on October 27, 2015, IRSA is currently analyzing the impact of certain ruling passed by the Tel Aviv Jaffo Court with regards to its indirect holding in IDBD in its accounts, which could impact the valuation of our investment in IDBD and the valuation of the related derivative liability for the tender offer of IDBD shares&nbsp; to be included in IRSA&#8217;s Annual Report on Form 20-F. Currently, the reported amounts for our investment in IDBD is Ps 1,757.10 million and the related derivative liability is Ps 500.58 &nbsp;million.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">IRSA anticipates that it will be able to file a complete version of the Form 20-F (except that it will not be able to file financial statements of its associate audited under U.S. GAAS which will be filed on a subsequent date), within the fifteen-calendar-day grace period granted by Rule 12b-25, and declares that it will file such form as promptly as practicable.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">PART IV &#8212; OTHER INFORMATION</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name and telephone number of person to contact in regard to this notification&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt 36pt; LINE-HEIGHT: 200%; TEXT-INDENT: -36pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp; Matias Gaivironsky&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5411)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4323-7449&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Name)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Area Code)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Telephone Number)</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 200%; TEXT-INDENT: 72pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 12pt 36pt; LINE-HEIGHT: normal; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Have all other periodic reports required under Section 13 or 15(d) or the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 288pt; LINE-HEIGHT: normal; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> Yes&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">No</FONT></P>

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<P style="MARGIN: 0cm 0cm 12pt 36pt; LINE-HEIGHT: normal; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt 288pt; LINE-HEIGHT: normal; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> Yes&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face=wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">No</FONT></P>

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<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The following is a brief explanation of fiscal year 2015 results, compared with prior year.</FONT></P>

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<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=tahoma,sans-serif>Consolidated Results for the Fiscal Year</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=tahoma,sans-serif>(</FONT></B><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=tahoma,sans-serif>In millions of ARS, excluding joint businesses</FONT></I></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=tahoma,sans-serif>)</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>in ARS M</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>IVQ 15</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>IVQ 14</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>YoY Var</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>FY 15</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>FY 14</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=white face=tahoma,sans-serif>YoY Var</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=tahoma,sans-serif>Revenues</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>893.6</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>823.0</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>8.6%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>3,402.6</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>2,845.2</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>19.6%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=tahoma,sans-serif>Operating Income</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>648.6</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>348.4</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>86.2%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>2,515.4</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>1,237.2</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>103.3%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=tahoma,sans-serif>Depreciation and amortization</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>40.8</FONT></P></TD>

   <TD style="HEIGHT: 1pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>57.1</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>(28.5)%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>175.3</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>225.8</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=tahoma,sans-serif>(22.4)%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=tahoma,sans-serif>Net Income</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>814.1</FONT></P></TD>

   <TD style="HEIGHT: 1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>(752.8)</FONT></P></TD>

   <TD style="HEIGHT: 1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>(208.1)%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>650.6</FONT></P></TD>

   <TD style="HEIGHT: 1pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>(831.6)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 14pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=tahoma,sans-serif>(178.2)%</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Revenues for fiscal year 2015 were 19.6% higher than in fiscal year 2014, mainly due to a 28.6% increase in the &#8220;Shopping Centers&#8221; segment which continues to show a solid positive trend and &#8220;Offices and Other&#8221; and &#8220;Hotels&#8221; segments which recorded increases of 22.7% and 19.5%, respectively, in their revenues as compared to fiscal year 2014, offset by lower revenues from the &#8220;International&#8221; segment, due to the sale of the Madison building closed in September 2014.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The Company&#8217;s Operating Income grew by 103.3%%, reaching ARS&nbsp;2,515.4 million, mainly due to the sales of the Madison 183 building in the City of New York recorded during the first quarter of 2015 and the sale of several office floors in Maip&#250; 1300, Libertador 498, Bouchard Plaza and Intercontinental Plaza buildings recorded during the second and fourth quarters of 2015. Excluding the effect of these sales and the reversion of the conversion reserve generated in Rigby 183 due to the sale of Madison for ARS&nbsp;188.3 million, the Company&#8217;s Operating Income grew 16.2% during fiscal year 2015 as compared to the previous year, reaching ARS&nbsp;1,164.3 million.</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Net income for the Fiscal Year was ARS&nbsp;650.6 million in 2015, compared to a net loss of ARS&nbsp;831.6 million in 2014, mainly due to higher operating income resulting from higher sales of investment properties and lower financial losses from our investment in IDBD, which is valued at market value, reflecting the recovery of its stock price.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt 36pt; LINE-HEIGHT: normal; TEXT-INDENT: -36pt" align=center><U><FONT lang=ES-AR style="FONT-SIZE: 12pt" face="Times New Roman">IRSA Inversiones y Representaciones Sociedad Anonima</FONT></U><FONT lang=ES-AR style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt 36pt; LINE-HEIGHT: normal; TEXT-INDENT: -36pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(Name of Registrant as Specified in Charter)</FONT></P>

<P style="MARGIN: 0cm 0cm 12pt; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 0cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Date:&nbsp;&nbsp; November 3, 2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">/s/ Matias Gaivironsky&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0cm 0cm 0pt 216pt; LINE-HEIGHT: normal; TEXT-INDENT: -36pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matias Gaivironsky<BR>Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer</FONT></P></DIV>

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