<SEC-DOCUMENT>0001292814-21-000897.txt : 20210312
<SEC-HEADER>0001292814-21-000897.hdr.sgml : 20210312
<ACCEPTANCE-DATETIME>20210312143049
ACCESSION NUMBER:		0001292814-21-000897
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210331
FILED AS OF DATE:		20210312
DATE AS OF CHANGE:		20210312

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EDENOR
		CENTRAL INDEX KEY:			0001395213
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33422
		FILM NUMBER:		21736741

	BUSINESS ADDRESS:	
		STREET 1:		AV. DEL LIBERTADOR 6363
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1428ARG
		BUSINESS PHONE:		54-11-4346-5000

	MAIL ADDRESS:	
		STREET 1:		AV. DEL LIBERTADOR 6363
		CITY:			CITY OF BUENOS AIRES
		STATE:			C1
		ZIP:			C1428ARG
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>edn20210312_6k1.htm
<DESCRIPTION>FORM 6-K
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman"><BR>UNITED STATES</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">SECURITIES AND EXCHANGE COMMISSION</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Washington, D.C. 20549</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">FORM 6-K</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">REPORT OF FOREIGN PRIVATE ISSUER</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">For the month of&nbsp;<FONT style="FONT-SIZE: 10pt">March</FONT>, 2021</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(DISTRIBUTION AND MARKETING COMPANY OF THE NORTH )</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(Translation of Registrant's Name Into English)</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Argentina</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(Jurisdiction of incorporation or organization)</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Av. del Libertador 6363,</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">12th Floor,</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">City of Buenos Aires (A1428ARG),</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Tel: 54-11-4346-5000</FONT></P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(Address of principal executive offices)</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Form 20-F&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;X&nbsp;</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)</FONT></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Yes&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;No&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;X&nbsp;&nbsp;</FONT></U></P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">.)</FONT></P>

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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0"><B>MINUTES No. 219.</B>
In the City of Buenos Aires, on the 9th day of the month of March of 2021, in compliance with the Mandatory and Preventive Social
Distancing provided for by Executive Order issued on the grounds of Necessity and Urgency (DNU) No. 875/2020, and the successive
extensions thereof, as well as the recommendations of Resolution No. 335/2020 of the Government of the City of Buenos Aires, and
pursuant to CNV General Resolution No. 830/2020 that authorized the holding of remote Audit Committee meetings during the period
of the state of health emergency and restriction on free movement, even for those issuers whose bylaws do not have an explicit
provision thereon, as in the Company&#8217;s case, the members of the Audit Committee of EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA
NORTE SOCIEDAD AN&Oacute;NIMA (EDENOR S.A.) (&#8220;the Company&#8221; or &#8220;Edenor&#8221; and the &#8220;Committee&#8221;)
Directors Carlos P&eacute;rez Bello, Carlos Iglesias and Diego Rozengardt meet at 12.15 p.m. through the Microsoft Teams system,
which allows for the simultaneous transmission of sound, images and words throughout the entire meeting. The meeting is also attended
-via such system- by Mr. Germ&aacute;n Wetzler Malbr&aacute;n, on behalf of the Supervisory Committee, who verifies the participants&#8217;
proof of identity by reliable means and their simultaneous attendance to the meeting. Mrs. Gabriela Chillari, the Company&#8217;s
Corporate Affairs Assistant Manager, and Mr. Edgardo Sanguineti and Mrs. Silvina Acquafresca in their capacity as advisors of the
Audit Committee, also attend the meeting. The legally and statutorily required quorum being present, the Chairman, Mr. Carlos P&eacute;rez
Bello, calls the meeting to order to deal with the ONLY ITEM of the Agenda: <FONT STYLE="text-transform: uppercase"><B><U>AUDIT
COMMITTEE&#8217;s aNnual REPORT For THE YEAR ENDED DECEMBER 31, 2020:</U></B></FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mr. P&eacute;rez Bello recaps on the work
performed by the Committee in relation to fiscal year 2020. Immediately afterwards, Mr. P&eacute;rez Bello informs that taking
into account the issues for which the Committee is responsible and the work performed, he has prepared a proposed Audit Committee&#8217;s
Annual Report relating to fiscal year 2020, which he distributed in advance to the other Committee members, and proposes that such
proposed report be considered.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Upon consideration and discussion, Mr. Iglesias
proposes that said proposed report as well as the actions taken by the Committee during fiscal year 2020 be approved. Mr. Iglesias&#8217;s
motion is unanimously approved.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mr. Iglesias then proposes that the signing
of the report be delegated to Mr. P&eacute;rez Bello and that the Secretariat be entrusted with the duty to inform about it at
the next Board of Directors&#8217; meeting. Mr. Iglesias&#8217;s proposal is unanimously approved. The pertinent report is included
as an Appendix to these minutes.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mr. Wetzler Malbr&aacute;n, member of the
Supervisory Committee, who has participated in the entire meeting, states that the decisions adopted in the meeting have been adopted
with complete regularity.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">There being no further issues to discuss,
the meeting is adjourned at 12.30 p.m.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: right; text-indent: 0"><B>Appendix
</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center">AUDIT COMMITTEE&#8217;S REPORT</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center">FOR THE YEAR ENDED DECEMBER 31, 2020</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: right">Buenos Aires, March 9, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0">To the Directors and Shareholders of</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><B>EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><B>NORTE S.A. (EDENOR S.A.)</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0">6363 Av. Del Libertador Avenue, 11<SUP>th</SUP> floor</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><U>City of Buenos Aires</U></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">In our capacity as members of the Audit Committee
(&#8220;Committee&#8221;) of Empresa Distribuidora y Comercializadora Norte S.A. (&#8220;EDENOR S.A.&#8221; or &#8220;the Company&#8221;),
and as required by the National Securities Commission (hereinafter &#8220;CNV&#8221;), we submit the following report on the treatment
given by the Committee to those issues for which it is responsible, related to the fiscal year ended December 31, 2020 (hereinafter
&#8220;the fiscal year&#8221;). This report has been approved by all the Committee&#8217;s members, Messrs. Carlos P&eacute;rez
Bello, Carlos Iglesias and Diego Rozengardt.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>I.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>DUTIES AND RESPONSIBILITIES
OF THE COMMITTEE</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">A brief summary of the main duties and responsibilities
of the Audit Committee is included below:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 14pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">As regards reporting,
internal control and risk management:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">A.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To oversee the external
audit, assess its independence, plans and performance, expressing an opinion thereon in the annual report and informing about the
fees of the external audit and other services rendered by the auditing firm, as well as those of other firms for auditing, accounting,
IT, internal control, and financial and administrative advisory services, as well as those for courses delivered in connection
with these issues, and, if applicable, to issue an opinion on:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 63.8pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The Board of Directors&#8217; proposal to appoint
or remove the external auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 63.8pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The requests for special audits made by non-controlling
shareholders (there has been none in the fiscal year).</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">B.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To assess the internal
audit function&#8217;s plans and performance, expressing an opinion thereon in the annual report. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">C.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To oversee internal
control and, as part of it, the operation and reliability of the administrative and accounting system.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">D.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To monitor implementation
of the Company&#8217;s information policies on risk management.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">E.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To assess compliance
with the rules of conduct applicable in the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">F.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To monitor the operation
of a channel for reporting concerns about accounting, internal control and auditing matters.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">G.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To monitor the reliability
of the financial information and information on relevant events filed with the CNV and with the securities markets.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 14pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Other duties:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">H.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To express an opinion
on the agreements entered into with related parties for amounts in excess of 1% of the Company&#8217;s Equity, in accordance with
the most recently approved statement of financial position submitted for the Committee&#8217;s consideration by the Board of Directors
or one of its members, in relation to whether they conform to market conditions.</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">I.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To issue an opinion
on any case of conflict of interest, providing the market with complete information thereon.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.6pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">J.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To express an opinion
on the reasonableness of the proposals made by the Board of Directors in connection with fees and stock option plans for directors
and managers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">K.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To prepare, on an annual
basis, an action plan for the fiscal year and report it to both the Board of Directors and the Supervisory Committee.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">L.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To analyze, on an annual
basis, the adequacy of the Committee&#8217;s Regulations and to inform any proposed changes to the Board of Directors for their
review and approval. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif">M.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">To provide each and every report, opinion
or pronouncement required by current regulations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">N.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To express an opinion
on the compliance with legal requirements and on the reasonableness of the terms and conditions of issue, in the case of an issue
of shares or convertible securities that excludes or restricts preemptive rights (there has been none in the fiscal year).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">O.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To express an opinion
on the public tender offer of shares under voluntary delisting (there has been none in the fiscal year). </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">P.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To inform on the Board
of Directors&#8217; resolution required in the case of other purchases of treasury stock (there has been none in the fiscal year.)</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Tahoma, Helvetica, Sans-Serif; font-size: 11pt">Q.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">To consider any other
issue delegated to it by the Board of Directors, as well as to fulfill any other duty imposed on it by the Law (there has been
none in the fiscal year).</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The following section deals with the
aforementioned duties and responsibilities applicable during the fiscal year. Nevertheless, for the sake of their understanding,
we suggest reading the pertinent provisions (Law No. 26,831, Sections 64, 72, 73, 98, 108 and 110, CNV&#8217;s Regulations, Title
II, Chapter III, Part V, Section 18) and the Regulations of the Company&#8217;s Audit Committee.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>II.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>TREATMENT GIVEN
BY THE COMMITTEE TO THE ISSUES ABOVE </U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On February 20, 2020 the Committee approved
its work plan for fiscal year 2020.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We summarize below the treatment given
by the Audit Committee to the issues under the scope of its responsibility as described in the preceding section, except for those
issues indicated in I.A.2, I.N., I.O., I.P. and I.Q., as they are not applicable. In such regard, we describe the main tasks performed
and the conclusions in relation to each of those issues.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>A.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>External Audit</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On March 5, 2020, the Board of Directors
proposed that Price Waterhouse &amp; Co. S.R.L. be appointed as the Company&#8217;s external auditors for the fiscal year, with
Mr. Sergio Cravero as the regular auditor and Messrs. Fernando Rodr&iacute;guez and Ezequiel Miraz&oacute;n as alternate auditors,
all of them partners of said professional firm.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On April 7, 2020, the Audit Committee
rendered a favorable opinion on the aforementioned Board of Directors&#8217; proposal.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On April 28, 2020, the Shareholders&#8217;
Meeting appointed the auditors as proposed by the Board of Directors.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For the purposes of assessing whether
the quality of the external audit work provides a satisfactory level of assurance on the documents subject to its examination,
we have analyzed the following issues, to the extent they relate to such purpose:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 17pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The background information of the external auditing
firm and particularly the personal and professional data of the regular and alternate auditors with regard to their qualifications
and independence, including, but not limited to, the following tasks:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Reading of the sworn
statements required under section 104 of Law No. 26,831.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the auditors&#8217;
quality control and independence policies. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Gathering of information
on their training, experience, working methods, working team and clients.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">d.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Obtaining of a statement
by the auditors about their independence.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">e.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Discussion of the issues
above with the Company&#8217;s officers.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 17pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The development of the tasks performed by the
auditors basically through meetings with them at which the following issues, among others, were analyzed and assessed:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Implementation of the
relevant policies and application of working methods. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">General planning of
tasks.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Tasks performed in relevant
areas.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">d.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Main written communications
between the auditors and the Company&#8217;s officers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">e.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Outcome of the most
important works and relevant conclusions.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">f.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Criteria applied in
relation to main accounting and auditing matters.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 17pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The reports issued by the auditors as a result
of their work, including, among others, the following: </FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The audit reports on
the financial statements as of December 31, 2020 and on the review of the relevant informative summary and supplementary information
requested by the CNV.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.5pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The limited review reports
on the condensed interim financial statements as of March 31, June 30, and September 30, 2020 and on the review of the respective
informative summaries and supplementary information requested by the CNV.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 17pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The services rendered by the external auditors
for a total invoicing amount in the fiscal year of ARS 19,956,196 as auditing services and other services intended to build trust
in third parties.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In accordance with the provisions of
the Audit Committee&#8217;s Internal Regulations, it is our responsibility to also inform about the fees for the services rendered
by other professionals in the fiscal year in connection with auditing, accounting, IT, internal control and financial and administrative
advisory issues, as well as those related to courses delivered on those issues. In this regard, we inform on the pertinent fees
for fiscal year 2020.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 71%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>SERVICES RENDERED</B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>AMOUNT (IN</B></P>
        <P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ARGENTINE PESOS)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Internal Audit and Internal Control</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2,673,454</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">IT Consulting</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">14,880,727</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Assistance in accounting matters</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">7,996,880</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Tax Advisory</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">5,406,557</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">30,957,618</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">As a result of the work performed, as previously
described and for the above-mentioned purposes, no significant issue has come to our attention that we should mention in relation
to the external auditors appointed by the Shareholders&#8217; Meeting for the fiscal year, concerning their engagement, independence,
qualifications, planning, performance, reports and the services requested of them by the Company in said fiscal year. Based on
the foregoing, in our opinion, the external audit planning and development in the fiscal year were appropriate as regards their
purposes to offer a proper level of assurance on the audited information.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>B.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Internal Audit</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Internal Audit is an independent
and objective assurance and consulting activity that adds value and improves the Company&#8217;s operations. To that end, it helps
accomplish the Company objectives by building a systematic, disciplined approach to assess and improve the effectiveness of risk
management, control and governance processes. The Internal Audit Department&#8217;s objective consists of ascertaining if the risk
management scheme and governance and control processes designed and performed by management are appropriate and effectively work
to ensure that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">risks are properly identified
and managed.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">interaction among the
different groups across corporate governance is appropriate.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">critical information
(whether on finance, management or operations) is complete, accurate, reliable and provided on a timely basis.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">actions taken by employees
are in line with applicable polices, rules, procedures, laws and regulations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">resources are economically
acquired, efficiently used and properly protected.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">goals set are achieved
and the approved plans and programs are implemented.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">quality and continuous
improvement are developed in the organization&#8217;s processes.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our work in connection with the internal
audit does not cover those matters related to the efficiency and effectiveness of operations as we believe that they fall outside
the scope of our responsibility.</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For the purposes of assessing whether
the Internal Audit Department properly complied with its relevant responsibilities, we have performed the following tasks:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the
following elements, to the extend they are related to the aforementioned purpose:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Mission, responsibilities
and work methodology of the Internal Audit Department in line with its Internal Audit General Regulation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Organizational and reporting
structures.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Its staff&#8217;s key
skills.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">d.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Annual work plan.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 28.35pt; text-align: justify; text-indent: -21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Holding of regular meetings with the Internal
Audit Department to follow up compliance with the audit plan and analyze the results of the works performed.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result of our work, performed for
the purposes and with the scope mentioned above, no relevant issue has come to our attention that we should mention in relation
to the organization, independence, oversight and performance of the tasks carried out during the fiscal year, or to the communication
of their results. Based on the foregoing, in our opinion the planning and development of the internal audit work performed by said
Department during the fiscal year were appropriate in relation to their aforementioned objectives, except that we express no opinion
on the work performed in relation to the efficiency and effectiveness of operations as they fall outside the scope of our responsibility.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>C.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Internal Control</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Internal control is a process effected
by the Company&#8217;s Board of Directors, Management and other personnel, designed to provide reasonable assurance of the achievement
of and compliance with objectives: (i) operations objectives: those pertaining to the effectiveness and efficiency of operations,
including operational and financial performance goals, and safeguarding of assets, (ii) reporting objectives: those pertaining
to internal and external financial and non-financial reporting, encompassing reliability, timeliness, transparency and other aspects
defined by regulators, standard settlers or the Company&#8217;s policies, and (iii) compliance objectives: those pertaining to
the adherence to laws and regulations to which the Company is subject.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our work in connection with internal
control did not cover those matters related to the effectiveness and efficiency of operations, as we believe that they fall outside
the scope of our responsibility.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In order to assess the extent to which
the Company&#8217;s internal control in general, and its administrative and accounting system in particular (that is a part thereof)
properly fulfills the aforementioned purposes, to which we have limited the scope of our work, we have performed the following
tasks:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Discussion of matters
related to the Company&#8217;s internal control and its administrative and accounting system with the Company&#8217;s key officers.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0 32.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the tasks mentioned in caption
B. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the work performed by the External
Audit in that regard and its results.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 32.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 32.2pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the tasks performed by the Company
in compliance with the applicable provisions of the Sarbanes-Oxley Act:</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 35.45pt; text-align: justify">Due to the fact that the Company
is subject to complying with the provisions of the Sarbanes-Oxley Act, it must perform all the tasks required to certify the internal
control as prescribed by said Act.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 35.45pt; text-align: justify">The Audit Committee has become
aware of the tasks performed and has analyzed their results.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result of the work performed, for
the purposes and with the scope previously described, we have not become aware of significant issues particularly in relation to
the Company&#8217;s internal control and its administrative and accounting system, that have not been properly dealt with by the
Company, limiting this conclusion to the internal control aspects related to the protection of the Company&#8217;s assets, the
compliance with applicable regulations, and the reliability and appropriate disclosure of accounting and financial information
and information on relevant events</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>D.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Risk management</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Committee&#8217;s responsibilities
in relation to risk management consist of monitoring the implementation of the Company&#8217;s information policies on risk management.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For the purposes of assessing the Company&#8217;s
implementation of information policies on risk management, we have performed the following tasks:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the Company&#8217;s regulation
on Risk Management. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 32.2pt; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the work performed by the Company
in that regard and its results to date. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 28.35pt; text-align: justify; text-indent: -14.15pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Evaluation of the extent to which identified
and assessed risks, if applicable, were properly informed in accordance with the applicable legal, regulatory, professional (on
accounting issues) and the Company&#8217;s own regulations.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result of the work performed, as
previously described and for the above-mentioned purposes, we have not become aware of any significant issue that could imply a
significant deviation from the implementation of the Company&#8217;s information policies on risk management, or from the legal,
regulatory and the accounting profession&#8217;s regulations on risk information.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>E.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Rules of conduct
</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In relation to our responsibility to
assess compliance with the applicable rules of conduct, our work was focused, as regards the members of the Company&#8217;s managing
board and other officers of the accounting and financial areas, on matters related to the integrity, transparency, reliability
and appropriate disclosure of financial information and information on relevant events, and the proper use and protection of the
Company&#8217;s assets. In this regard, we have considered the legal, regulatory and the Company&#8217;s own rules and regulations.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our work was limited to those matters
of which we became aware either in our capacity as Directors of the Company, or through both the work performed in relation to
other matters that fall within the scope of the Committee&#8217;s responsibility (particularly those mentioned in captions B and
C) and the tasks mentioned below:</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Review of the main rules
established by the Company, including the Code of Ethics and other related regulations and policies. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the Supervisory Committee&#8217;s
reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Discussion of the issues above with the Company&#8217;s
key officers. </FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result of the work performed, as
indicated above, and for the purposes and with the scope already mentioned, no significant issue has come to our attention that
we should mention in relation to the compliance with the previously referred to rules of conduct.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>F.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Reporting of concerns
about accounting, auditing and internal control matters </U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0 17pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In compliance with the regulations applicable
to the Company, it has an outsourced channel in place to report and submit for its consideration any concerns and complaints about
accounting, internal control and auditing matters, guaranteeing anonymity and confidentiality at the reporting party&#8217;s request.
Additionally, the Company has other channels of its own in place for the reporting of concerns.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Audit Committee has discussed with
the Internal Audit Department the channels&#8217; operation, the reported concerns, the conducted investigations and the actions
taken as a result thereof.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Committee has no significant issues
to inform or mention in connection with the operation of the reporting channel, the analysis of the information received, or the
results obtained as regards the matters that fall within the scope of its responsibility</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0 17pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>G.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Financial information
and information on relevant events</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For the purposes of monitoring the reasonableness
of the financial information and the information on relevant events filed with the CNV and with the markets where the Company&#8217;s
shares are listed, we have performed the tasks indicated further below.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our responsibility in this regard does
not include the performance of examinations in accordance with auditing standards, and, therefore, we have not performed them.
Our work has been limited to the tasks described below, and, therefore, our conclusion on the information mentioned below should
not be construed as a professional opinion thereon, but rather as a description of the results of tasks performed. In relation
to the financial statements for the fiscal year, the external auditors and the Supervisory Committee are the parties responsible
for issuing an opinion thereon. We have relied, in part, on the work performed by them.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our work covered the following documents:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The financial statements
for the fiscal year ended December 31, 2020 and for the interim periods ended March 31, June 30, and September 30, 2020.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The informative summaries
and other supplementary information required by the CNV&#8217;s Regulations for the fiscal year and the interim periods mentioned
in the preceding item.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The Board of Directors
Annual Report for the fiscal year.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 26pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt 26pt; text-align: justify">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17pt"></TD><TD STYLE="width: 9pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">d.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">The communications on
relevant events and on key financial information, other than the information referred to above, filed with the CNV and with the
markets where the Company&#8217;s shares are listed.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In relation to these documents, and
for the purposes and with the scope already mentioned, we have performed the following tasks:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Reading and analysis
of the information contained in the referred to documents.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the Company&#8217;s
main accounting policies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the
work performed as indicated in captions A to F and the results thereof with regard to the previously mentioned documents.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Discussion of important
accounting matters with the external auditors and the Company&#8217;s key officers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Discussion of the documents
mentioned in items a and b of this caption, as applicable, prior to the issue thereof, with the external auditors and the Company&#8217;s
key officers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the Annual
Report for the fiscal year and discussion thereof with the Company&#8217;s officers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Analysis of the information
mentioned in item d, considering that which is indicated in paragraph 8., and discussion thereof with the Company&#8217;s pertinent
officers when deemed necessary. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Verification of the
inclusion in the above-mentioned information of all the relevant events and circumstances of which we became aware at the time
of its issue.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">9.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Consideration of the
Disclosure Committee&#8217;s tasks in this regard.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Based on the work performed, as indicated
above and for the purposes and with the scope already mentioned, no material comment has come to our attention that we should make
on the information mentioned above or on the policies, procedures and controls related to its preparation.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>H.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Agreements with
related parties </U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our responsibility with respect to the
Company&#8217;s related-party transactions consists of rendering an opinion on whether the agreements for significant amounts that
are submitted to our consideration by the Company&#8217;s Board of Directors or any of its members have been made on an arms&#8217;
length basis.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Pursuant to Law No. 26,831, section 72, we
have considered as significant amount that amount equal to 1% of Equity, in accordance with the balance sheet most recently approved
by the Shareholders&#8217; Meeting.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">In fulfillment of our responsibility in the
fiscal year, on October 28, 2020 we issued an opinion, approved by a majority of votes and with the dissenting vote of Mr. Diego
Rozengardt, expressing a favorable opinion on the addenda to the technical advisory agreement between Edenor and Pampa Energ&iacute;a
S.A. (absorbing company of EASA) consisting of the extension of such agreement&#8217;s term.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">During the year, no other agreement with related
parties for a significant amount was approved by the Board of Directors, nor did we become aware of any other significant agreement
with related parties.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">On January 15, 2021, we issued a favorable
opinion on the assignment to Creaurban S.A. of the claim in litigation held by Edenor that was allowed in the reorganization proceedings
of Rivera Desarrollos S.A., by the absolute majority of votes cast by those present, Messrs. Carlos P&eacute;rez Bello and Carlos
Iglesias.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>I.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Conflicts of interest
</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">During the tasks performed by us, both
in our capacity as members of the Audit Committee and as the Company&#8217;s Directors, we did not become aware of any case of
significance in which a member of the Company&#8217;s governing bodies has been involved in a conflict of interest situation, violating
the provisions of the Law, the regulations or the Company&#8217;s own rules and regulations in this regard.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Additionally, we inform that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">As indicated in the
preceding caption, we have timely expressed an opinion on the agreements with related parties for significant amounts. </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">After the reading and conceptual analysis of
the financial statements, we have verified that the information on transactions with parent companies, subsidiaries and related
companies is disclosed therein by the Company as provided for by the applicable legal, regulatory and professional regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">We have discussed with the external auditors
the work performed by them in relation to the reliability of the data mentioned in the preceding item.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">We have verified that the Supervisory Committee
has made no comment on that respect in its reports.</FONT></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Based on the work performed, as described
above, no comment of significance has come to our attention that we should make with respect to our responsibility to report any
case of conflict of interest.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>J.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Proposal of fees
payable to directors </U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">In relation to our responsibility to express
an opinion on the reasonableness of the fees payable to Directors, we inform that on April 7, 2020, the Committee issued an opinion
on the reasonableness of the proposal of fees payable to directors for fiscal year 2019.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>K.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Work plan</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">On February 24, 2021, the Committee approved
its work plan for fiscal year 2021.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>L.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Adequacy of the
Audit Committee&#8217;s Regulations</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Shareholders&#8217; Meeting of April 28,
2020 resolved to amend the bylaws, providing, among other issues, for the issuance by the Audit Committee of its regulations. The
amendment to the bylaws requires both the ENRE&#8217;s prior approval and the CNV&#8217;s subsequent approval. To date, no resolution
in this regard has been issued by those regulatory bodies.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Furthermore, the amendment to the Regulations
approved by the Board of Directors concerning certain incompatibilities for the appointment of Committee members as such, was registered
in this fiscal year.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Committee has performed a review of the
adequacy of the Committee&#8217;s Regulations and considered that no changes were necessary.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 17pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>M.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>Reports and opinion
issued</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As indicated in the preceding captions,
the Committee has issued all the relevant and/or required reports and opinion (see captions A, H and J).</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>III.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B><U>GENERAL CONCLUSION</U></B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">As indicated above, in our capacity as members
of the Company&#8217;s Audit Committee we have carried out several tasks in fulfillment of the responsibilities assigned to us
by legal, regulatory and statutory regulations.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">As a result of the tasks described above,
and as previously mentioned, we have not become aware of any significant comment that, to the best of our knowledge and belief,
should be made in this report in relation to those matters that fall within the scope of our responsibility.</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="vertical-align: top; text-align: left; width: 33%">Carlos P&eacute;rez Bello</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 34%">Diego Rozengardt</TD>
    <TD STYLE="vertical-align: top; text-align: left; width: 33%">Carlos Iglesias</TD></TR>
</TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">Germ&aacute;n Wetzler Malbr&aacute;n</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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<P></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">SIGNATURES</FONT></B></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>

<P></P>

<P></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P></P>

<P></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

<P></P>

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   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="52%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Empresa Distribuidora y Comercializadora Norte S.A.</FONT></P></TD></TR>

<TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">By:</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">&nbsp;</FONT><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">/s/ Leandro Montero</FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Leandro Montero</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Chief Financial Officer</FONT></P></TD></TR></TABLE></DIV>

<P></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 13.5pt; LINE-HEIGHT: normal" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt">&nbsp;</P>

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Date:
March</FONT> 12, 2021</P>

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