<SEC-DOCUMENT>0001292814-21-004821.txt : 20211214
<SEC-HEADER>0001292814-21-004821.hdr.sgml : 20211214
<ACCEPTANCE-DATETIME>20211214064611
ACCESSION NUMBER:		0001292814-21-004821
CONFORMED SUBMISSION TYPE:	SC TO-T/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20211214
DATE AS OF CHANGE:		20211214
GROUP MEMBERS:		SOUTH AMERICAN ENERGY LLP

SUBJECT COMPANY:	

	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:		SC 13E3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83696
		FILM NUMBER:		211489646

	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

SUBJECT COMPANY:	

	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:		SC TO-T/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83696
		FILM NUMBER:		211489645

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMPRESA DE ENERGIA DEL CONO SUR S.A.
		CENTRAL INDEX KEY:			0001875026
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC TO-T/A

	BUSINESS ADDRESS:	
		STREET 1:		AV. MAIPU 1252, PISO 12
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1006COM
		BUSINESS PHONE:		5411 4110-5150

	MAIL ADDRESS:	
		STREET 1:		AV. MAIPU 1252, PISO 12
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1006COM
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC TO-T/A
<SEQUENCE>1
<FILENAME>edelcos20211213_sctota.htm
<DESCRIPTION>SC TO-T/A
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY>


<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 11.4pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.05pt"><B>UNITED</B></FONT><B>
STATES</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.95pt 0 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE TO</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT NO. 3 (RULE 14D-100)</B></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt/110% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Tender Offer Statement under Section 14(d)(1)
or 13(e)(1) of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><FONT STYLE="font-size: 13.5pt; background-color: white"><B>EMPRESA
DISTRIBUIDORA Y COMERCIALIZADORA NORTE&nbsp;S.A. (EDENOR)<BR>
</B></FONT><FONT STYLE="font-size: 10pt; background-color: white">(Name of Subject Company (Issuer))</FONT></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><B>EMPRESA DE ENERG&Iacute;A DEL CONO SUR
S.A. </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><B>And</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 1.85pt 0 0; text-align: center"><B>SOUTH AMERICAN ENERGY LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 1.85pt 0 0; text-align: center">(Names of Filing Persons (Offerors))</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CLASS B
COMMON SHARES, par value 1 Peso per share </B></FONT><B>(ISIN: ARENOR010020), including Class B Shares represented by American Depositary
Shares </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center"><B>29244A102</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">(CUSIP Number of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><B>SCHEDULE 13E-3<BR>
RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 1.8pt; margin-left: 0"><B>EMPRESA DE ENERG&Iacute;A
DEL CONO SUR S.A. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 1.8pt; margin-left: 0"><B>And</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 1.8pt; margin-left: 0"><B>SOUTH AMERICAN ENERGY
LLP</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.55pt 1.85pt 0 0; text-align: center">(Names of Filing Persons (Offerors))</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CLASS B
COMMON SHARES, par value 1 Peso per share&nbsp;</B></FONT><B><FONT STYLE="font-size: 11pt">(ISIN: ARENOR010020),&nbsp;</FONT><FONT STYLE="font-size: 10pt">including</FONT><FONT STYLE="font-size: 11pt"><BR>
Class B Shares represented by American Depositary Shares</FONT></B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center"><B>29244A102</B></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">(CUSIP Number of Class of Securities)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 1.85pt 0 0; text-align: center"><B>Nicolas Mallo Huergo</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>c/o Maip&uacute; 1252, 12th floor,<BR>
City of Buenos Aires, (CP1006),<BR>
Argentina</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center">With a copy to:</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>Christopher C. Paci, Esq.</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>J.A. Glaccum, Esq.<BR>
Nicolas Teijeiro, Esq.<BR>
DLA Piper LLP (US)</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 6.7pt 0 0; text-align: center"><B>1251 Avenue of the Americas<BR>
New York, NY 10020<BR>
(212) 335-4970</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 0 0; text-align: center; text-indent: -0.05pt">(Name, Address and
Telephone Number of Person Authorized to Receive Notices and Communications on behalf of the Filing Persons)</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF FILING FEE</B></P>

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



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: 10pt/1pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR STYLE="clear: both">


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0.75pt; padding-right: -0.35pt; padding-left: 0.75pt; text-align: center; width: 50%"><P STYLE="font: 11pt/9.9pt Times New Roman, Times, Serif; margin: 0 0 1.4pt; text-align: center"><FONT STYLE="font-size: 7.5pt"><B>Transaction
Valuation</B></FONT><B><FONT STYLE="font-size: 6pt">(1)&#9;</FONT><FONT STYLE="font-size: 7.5pt">&nbsp;</FONT></B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0.75pt; padding-right: -0.35pt; padding-left: 0.75pt; text-align: center; width: 50%"><P STYLE="font: 11pt/9.9pt Times New Roman, Times, Serif; margin: 0 0 1.4pt; text-align: center"><B><FONT STYLE="font-size: 7.5pt">Amount of Filing Fee</FONT></B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0.75pt; padding-right: -0.35pt; padding-left: 0.75pt; text-align: center">U.S.$114,594,527&#9;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-top: 0.75pt; padding-right: -0.35pt; padding-left: 0.75pt; text-align: center">U.S.$10,622.82</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 4.3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Estimated for purposes of calculating the filing fee pursuant to Rule 0-11(d)
only. The Transaction Valuation was calculated assuming the purchase of all outstanding Class B Shares (including Class B shares underlying
the American Depositary Shares), other than Class B Shares and ADSs owned directly or indirectly by the Filing Person or its affiliates
(including shares held as treasury shares) at a purchase price of 29.34 Argentine pesos (&#8220;Ps.&#8221;) per Class B Share and converted
into U.S. dollars based on the official selling exchange rate of Ps. 105.25 per U.S.$1.00 as reported by Banco de la Naci&oacute;n Argentina
on November 10, 2021. As of November 10, 2021, there were 411,075,965 issued and outstanding Class B Shares (including Class B Shares
underlying the American Depositary Shares) but excluding shares owned by the Filing Person or its affiliates (including shares held as
treasury shares).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6.7pt 0 0 290.6pt; text-indent: -290.6pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.7pt; margin-right: 0; margin-bottom: 0">Amount Previously Paid: US$10,622.82&#9;</P></TD>
  <TD STYLE="width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6.7pt; margin-right: 0; margin-bottom: 0">Filing
Party: Empresa de Energ&iacute;a del Cono Sur S.A. and South American Energy LLP</P></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">Form or Registration No.: Schedule TO-T&#9;</P></TD>
  <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">Date Filed: November
12, 2021</P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.95pt"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;</FONT>&#9;Check
the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.95pt">Check the appropriate boxes below to designate any transactions
to which the statement relates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.95pt"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT>&#9;third
party tender offer subject to Rule 14d-1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 22.95pt"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;&#9;</FONT>issuer
tender offer subject to 13e-4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 22.95pt"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT>&#9;going-private
transaction subject to Rule 13e-3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 22.95pt; text-indent: 0cm"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;&#9;</FONT>amendment
to Schedule 13D under Rule 13d-2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5pt">Check the following box if the filing is a final amendment reporting
the results of the tender offer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.95pt">If applicable, check the appropriate box(es) below to designate
the appropriate rule provision(s) relied upon:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 21.3pt; text-indent: 0cm"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9744;&#9;</FONT>Rule
13e-4(i) (Cross-Border Issuer Tender Offer)</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0.1pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: MS Gothic, Helvetica, Sans-Serif">&#9746;</FONT></TD><TD>Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)</TD></TR></TABLE>


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<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 8.15pt 0 0; text-align: justify">This Amendment No. 3 (this &#8220;<U>Amendment</U>&#8221;)
amends and supplements the Tender Offer Statement on a combined Schedule TO and Schedule 13E-3 under cover of Schedule TO originally filed
on November 12, 2021 (together with any <FONT STYLE="letter-spacing: -0.05pt">subsequent amendments and </FONT>supplements thereto, the
&#8220;<U>Schedule TO</U>&#8221;) by Empresa de Energ&iacute;a del Cono Sur S.A. (&#8220;<U>Edelcos</U>&#8221;) and South American Energy
LLP (&#8220;<U>SAE</U>&#8221;, and together with Edelcos the &#8220;<U>Bidders</U>&#8221;) and relates to the offer by the Bidders to
purchase any and all outstanding Class B shares, par value Ps. 1.00 per share (the &#8220;<U>Class B Shares</U>&#8221;), including Class
B Shares represented by American Depositary Shares (&#8220;<U>ADSs</U>&#8221;), of Empresa Distribuidora y Comercializadora Norte S.A.,
a corporation organized under the laws of the Republic of Argentina (&#8220;<U>Edenor</U>&#8221;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The offer was made on the terms and subject to
the conditions set forth in the offer to purchase dated November 12, 2021 (as subsequently amended, the &#8220;<U>U.S. Offer to
Purchase</U>&#8221;) incorporated herein by reference and in the related documents (which, together with any amendments or
supplements thereto, collectively constitute the &#8220;<U>U.S. Offer</U>&#8221;). The U.S. Offer was made in conjunction with an
offer by Edelcos in Argentina for all outstanding Class B Shares (the &#8220;<U>Argentine Offer</U>&#8221;, and together with the
U.S. Offer, the &#8220;<U>Offers</U>&#8221;). The price offered in the Argentine Offer was the same on a per Class B Share basis as
the Offer Price in the U.S. Offer. This Schedule TO is intended solely for (i) holders of Class B Shares that are U.S. residents
(under the meaning of Rule 14d-1(d) under the U.S. Securities Exchange Act of 1934, as amended) and (ii) holders of Class B Shares
represented by American Depositary Shares (each representing rights to 20 Class B Shares). The information set forth in the U.S.
Offer to Purchase is incorporated herein by reference with respect to Items 1 through 11 of this Schedule TO. This Schedule TO is
being filed on behalf of the Bidders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This Amendment is being filed to amend and supplement
Items 8 and 12 as reflected below. Except as otherwise set forth in this Amendment, the information set forth in the Schedule TO remains
unchanged.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Items 8. Interest in Securities of the Subject Company.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 8 of the Schedule TO is hereby amended and supplemented
as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The U.S. Offer expired at 5:00 p.m., New York
City time, on December 13, 2021. The Argentine Offer expired at 3:00 p.m. Buenos Aires Time on December 13, 2021.&nbsp;Based on the final
count by the U.S. Receiving Agent and the Argentine Receiving Agent, no Class&nbsp;B Shares were validly tendered and not withdrawn
in the Offers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The press release, dated December 14, 2021,
announcing the results of the U.S. Offer is attached hereto as Exhibit (a)(1)(ix) and incorporated by reference herein.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 71pt">Item 12.</TD><TD>Exhibits.</TD></TR></TABLE>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(i)&#9;Offer to Purchase, dated November 12<FONT STYLE="letter-spacing: -0.15pt">,
2021.*</FONT></P>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(ii)&#9;U.S. Form of Acceptance Letter.*</P>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(iii)&#9;U.S. Form of Withdrawal for Shares.*</P>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(iv)&#9;Form of Letter to Broker for American Depositary Shares.*</P>

<P STYLE="font: 10pt/10.8pt Times New Roman, Times, Serif; margin: 0 0 12pt">(a)(1)(v)&#9;Form of Letter to Clients for use by Broker
for American Depositary Shares.*</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin-top: 4.3pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.4pt"></TD><TD STYLE="width: 62.6pt">(a)(1)(vi)</TD><TD>Notice of Offer to Purchase Shares of Class B Shares Issued by Edelcos, as made public on July 29, 2021. (English translation) (incorporated
herein by reference to Exhibit 1 of Edelcos&#8217;s pre-commencement communication filing on Schedule TO on July 29, 2021).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.4pt"></TD><TD STYLE="width: 62.6pt">(a)(1)(vii)</TD><TD>Form of summary advertisement, dated November 12, 2021.*</TD></TR></TABLE>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(viii)&#9;Text of Press Release issued by the Bidder on November
12<FONT STYLE="letter-spacing: -0.15pt">, 2021.*</FONT></P>

<P STYLE="font: 10pt/233% Times New Roman, Times, Serif; margin: 0">(a)(1)(ix)&#9;Text of Press Release issued by the Bidder on December
14<FONT STYLE="letter-spacing: -0.15pt">, 2021.</FONT></P>


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<TD STYLE="width: 5.55pt"></TD><TD STYLE="width: 59.45pt">(b)</TD><TD>Not applicable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.55pt"></TD><TD STYLE="width: 59.45pt">(c)(i)</TD><TD>Accounting Certification issued by PKF Audisur S.R.L., an independent <FONT STYLE="letter-spacing: 0.6pt">accounting </FONT>firm,
dated July 27, 2021 (English translation).*</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0 64.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.55pt"></TD><TD STYLE="width: 59.45pt">(c)(ii)</TD><TD>Valuation Report issued by Buenos Aires Advisors, S.C., an independent firm, dated August 9, 2021 (English translation).*</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0 64.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.55pt"></TD><TD STYLE="width: 59.45pt">(d)(i)</TD><TD>Share Purchase Agreement entered into by and among Empresa de Energ&iacute;a del Cono Sur S.A., as buyer, and Pampa Energ&iacute;a
S.A., as seller, dated December 28, 2020.*</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0 64.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.35pt"></TD><TD STYLE="width: 60.05pt"><FONT STYLE="font-size: 9.5pt">(f)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Not Applicable.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0 64.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.35pt"></TD><TD STYLE="width: 60.05pt"><FONT STYLE="font-size: 9.5pt">(g)</FONT></TD><TD><FONT STYLE="font-size: 10pt">None.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0 64.4pt">&nbsp;</P>

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<TD STYLE="width: 4.35pt"></TD><TD STYLE="border-bottom: Black 1pt solid; width: 60.05pt"><FONT STYLE="font-size: 9.5pt">(h)</FONT></TD><TD><P STYLE="margin: 0; font-size: 10pt">None.</P></TD></TR></TABLE>




<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0 64.4pt; text-indent: 0cm">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0 18pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Previously filed
with Schedule TO, Schedule TO/A No. 1 and Schedule TO/A No. 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0 18pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0 18pt">.<FONT STYLE="font-size: 10.5pt"><BR STYLE="clear: both">
</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0 18pt">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.4pt 0 0 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.3pt 0 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt/110% Times New Roman, Times, Serif; margin: 0; text-indent: 18.95pt">After due inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm"><B>EMPRESA DE ENERG&Iacute;A DEL CONO SUR S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 0 0 8cm"><U>/s/ Ricardo Nicol&aacute;s Mallo Huergo</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0 8cm">Name: Ricardo Nicol&aacute;s Mallo Huergo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.1pt 0 0 8cm">Title: Authorized Signatory</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm"><B>SOUTH AMERICAN ENERGY LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 8cm">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 0 0 8cm"><u>/s/ Ricardo Nicol&aacute;s Mallo Huergo</u></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0 8cm">Name: Ricardo Nicol&aacute;s Mallo Huergo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.1pt 0 0 8cm">Title: Authorized Signatory</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">Dated: December 14, 2021</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 0 0"><B>PRESS RELEASE</B></P>

<P STYLE="font: 6.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 4.55pt 0 0; text-align: center"><B>Empresa de Energ&iacute;a del Cono
Sur S.A. and <FONT STYLE="letter-spacing: -0.25pt">South American Energy LLP </FONT>Announce Completion of Tender Offer for Class B Shares,
including Class B Shares represented by ADSs, of Empresa Distribuidora y Comercializadora Norte S.A.</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 4.55pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: center"><B>**********************************************</B></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><B>New York, NY,
December 14, 2021 </B>&#8212; Empresa de Energ&iacute;a del Cono Sur S.A. (&#8220;Edelcos&#8221;) and South American Energy LLP
(&#8220;SAE&#8221;, and together with Edelcos, the &#8220;Bidders&#8221;), announced today the completion of their previously
announced all-cash tender offer in the U.S. (the &#8220;U.S. Offer&#8221;) for all outstanding Class B Shares, including Class B
Shares represented by American Depositary Shares (each representing rights to 20 Class B Shares), held by U.S.
holders of Empresa Distribuidora y Comercializadora Norte S.A. (&#8220;Edenor&#8221;), which expired at 5:00 p.m., New York City
time (the &#8220;Expiration Time&#8221;), on December 13, 2021 (the &#8220;Expiration Date&#8221;). The U.S. Offer was made in
conjunction with an offer by Edelcos in Argentina (the &#8220;Argentine Offer&#8221; and, together with the U.S. Offer, the
&#8220;Offers&#8221;). The Argentine Offer expired at 3:00 p.m. Buenos Aires Time on December 13, 2021.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">Based on the final
count by Computershare Inc., the receiving agent for the U.S. Offer  and Global Valores S.A., the Argentine Receiving Agent for the U.S. Offer, no Class B Shares were validly tendered and not withdrawn as of the Expiration Time on
the Expiration Date. In addition, no Class B Shares were validly tendered into the Argentine Offer.</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.55pt 0 0; text-align: justify"><U>Additional Information</U></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 4.45pt 0 0; text-align: justify; text-indent: 1cm">This press release
is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any securities.</P>

<P STYLE="font: 6.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 4.45pt 0 0; text-align: justify"><U>Contact<BR>
<BR>
</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nicolas Mallo Huergo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">c/o Maip&uacute; 1252, 12th floor,<BR>
City of Buenos Aires, (CP1006),<BR>
Argentina</P>

<P STYLE="font: 8pt Arial MT,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 4.45pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 4.45pt 0 0; text-align: justify">&nbsp;</P>


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