<SEC-DOCUMENT>0001292814-22-002292.txt : 20220513
<SEC-HEADER>0001292814-22-002292.hdr.sgml : 20220513
<ACCEPTANCE-DATETIME>20220513155550
ACCESSION NUMBER:		0001292814-22-002292
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220331
FILED AS OF DATE:		20220513
DATE AS OF CHANGE:		20220513

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:		22922389

	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>ednfs1q22_6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<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>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">SECURITIES
AND EXCHANGE COMMISSION</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Washington,
D.C. 20549&nbsp;</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">FORM
6-K&nbsp;</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">REPORT
OF FOREIGN PRIVATE ISSUER</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">THE
SECURITIES EXCHANGE ACT OF 1934</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">For
the month of&nbsp;May, 2022</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">EMPRESA
DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(DISTRIBUTION
AND MARKETING COMPANY OF THE NORTH )</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(Translation
of Registrant's Name Into English)</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Argentina</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(Jurisdiction
of incorporation or organization)</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Av.
del Libertador 6363,</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">12th
Floor,</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">City
of Buenos Aires (A1428ARG),</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Tel:
54-11-4346-5000</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(Address
of principal executive offices)</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(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>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Form
20-F&nbsp;<U>&nbsp;X&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">&nbsp;</FONT></P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-indent: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(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>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Yes&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;No&nbsp;<U>&nbsp;X&nbsp;&nbsp;</U></FONT></P>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.75in">&nbsp;</P>

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-indent: 0.75in"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">(If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.)&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 35.4pt; text-align: center; text-indent: -35.4pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%"><IMG SRC="ednfs1q226k_001.jpg" ALT="" STYLE="height: 189px; width: 431px"></FONT></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>CONDENSED INTERIM FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>AS OF MARCH 31, 2022 AND FOR THE </B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>THREE-MONTH PERIOD ENDED MARCH 31, 2022 </B></P>

<P STYLE="font: 14pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>PRESENTED IN COMPARATIVE FORM</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: center">(Stated in millions of constant pesos &ndash; Note 3)</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 2; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap">
    <P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 63.8pt; text-indent: -63.8pt">&nbsp;</P>
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 63.8pt; text-indent: -63.8pt; color: #595959"><B>Legal Information</B></P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 44.4pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -44.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>2</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>Condensed Interim Statement of Comprehensive Income (Loss) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 44.4pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -44.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>3</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>Condensed Interim Statement of Financial Position </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 44.4pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -44.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>4</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>Condensed Interim Statement of Changes in Equity </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 44.4pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -44.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>6</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>Condensed Interim Statement of Cash Flows </B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 44.4pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -44.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>7</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Notes to the Condensed Interim Financial Statements:</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>1 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">General information</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">9</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>2 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Regulatory framework</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">10</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>3 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Basis of preparation</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>4 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Accounting policies</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">12</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>5 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Financial risk management</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">13</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>6 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Critical accounting estimates and judgments</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">15</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>7 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Contingencies and lawsuits</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">15</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>8 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Revenue from sales and energy purchases</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">16</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>9 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Expenses by nature</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">18</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>10 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Other operating income (expense), net</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">19</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>11 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Net finance costs</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">19</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>12 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Basic and diluted loss per share</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">20</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>13 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Property, plant and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">21</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>14 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Right-of-use asset</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">23</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>15 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Inventories</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">23</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>16 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Other receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">23</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>17 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Trade receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">24</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>18 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Financial assets at amortized cost</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">24</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>19 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Financial assets at fair value through profit or loss</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">25</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>20 |</B></FONT></TD>
    <TD STYLE="padding-left: 1.35pt; text-indent: -1.35pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">25</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>21 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Share capital and additional paid-in capital</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">25</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>22 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Allocation of profits</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">25</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>23 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">26</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>24 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">26</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>25 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Borrowings</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">27</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>26 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Salaries and social security taxes payable</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">27</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>27 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Income </FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">tax and deferred <FONT STYLE="color: black">tax</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">28</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>28 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Tax liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">29</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>29 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">29</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>30 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Related-party transactions</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">29</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>31 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: black">Shareholders&rsquo; Meeting</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">30</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>32 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Termination of agreement on real estate asset</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">31</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>33 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Debt restructuring</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">31</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>34 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Change of control</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">33</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0079C0"><B>35 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Events after the reporting period</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">34</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    </TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #595959"><B>Report on review of Condensed Interim Financial Statements</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-left: 63.8pt; text-align: right; font-family: Calibri,sans-serif; text-indent: -63.8pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 92%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>Glossary of Terms</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The following definitions, which are not
technical ones, will help readers understand some of the terms used in the text of the notes to the Company&rsquo;s Condensed Interim
Financial Statements.</P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif"><I><U>Terms</U></I></FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif"><I><U>Definitions</U></I></FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">ADS</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">American Depositary Shares</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">BCRA</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Central Bank of Argentina</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">BNA</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Banco de la Naci&oacute;n Argentina</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">CABA</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">City of Buenos Aires</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">CAMMESA</FONT></TD>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 8pt Verdana,sans-serif; margin: 0 0 0 7.1pt">Compa&ntilde;&iacute;a Administradora del Mercado Mayorista El&eacute;ctrico
    S.A.</P>
    <P STYLE="font: 8pt Verdana,sans-serif; margin: 0 0 0 7.1pt">(the company in charge of the regulation and operation of the wholesale electricity
    market)</P></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">CNV</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">National Securities Commission</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">CPD</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Company&rsquo;s Own Distribution Cost</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">DNU</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Executive Order issued on the grounds of Necessity and Urgency</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif"><B>edenor</B></FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Empresa Distribuidora y Comercializadora Norte S.A.</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">ENRE</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">National Regulatory Authority for the Distribution of Electricity</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">FACPCE</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Argentine Federation of Professional Councils in Economic Sciences</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">FIDUS</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">FIDUS Sociedad de Garant&iacute;as Rec&iacute;procas</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">GUDI</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Large Users of the Distribution Company</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">GWh</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Gigawatt hour</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">IAS</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Accounting Standards</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">IASB</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Accounting Standards Board</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">IFRIC</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Financial Reporting Interpretations Committee</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">IFRS</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Financial Reporting Standards</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">ISRE</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Standard on Review Engagements</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">MEM</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Wholesale Electricity Market</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">MULC</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Single Free Foreign Exchange Market</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">OSV</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Or&iacute;genes Seguros de Vida S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">PBA</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Province of Buenos Aires</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">PEN</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Federal Executive Power</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">RDSA</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Ribera Desarrollos S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">RECPAM</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Gain (Loss) on exposure to the changes in the purchasing power of the currency</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">REM</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Market Expectations Survey</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">RTI</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Tariff Structure Review</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">SACME</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">S.A. Centro de Movimiento de Energ&iacute;a</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">SACDE</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Sociedad Argentina de Construcci&oacute;n y Desarrollo Estrat&eacute;gico S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">SE</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 8pt Times New Roman,serif; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Energy Secretariat</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt">&nbsp;</TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-left: 7.1pt">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 87%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>Legal Information</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 12pt 0 10pt; text-align: justify"><B>Corporate name:</B> Empresa Distribuidora y Comercializadora
Norte S.A.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 12pt 0 10pt; text-align: justify"><B>Legal address: </B>6363 Av. del Libertador Ave.,
City of Buenos Aires</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt; text-align: justify"><B>Main business: </B>Distribution and sale of electricity
in the area and under the terms of the Concession Agreement by which this public service is regulated</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="color: windowtext"><B>Date of registration with the
Public Registry of Commerce</B></FONT><B>: </B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">of the Articles of Incorporation: August 3, 1992</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">of the last amendment to the By-laws: May 28, 2007 </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 20.25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="color: windowtext"><B>Term of the Corporation</B></FONT><B>:
</B>August 3, 2087</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="color: windowtext"><B>Registration number with the
&ldquo;Inspecci&oacute;n General de Justicia&rdquo; (the Argentine governmental regulatory agency of corporations)</B></FONT><B>: </B>1,559,940</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Parent company: </B>Empresa de Energ&iacute;a del Cono Sur S.A.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Legal address: </B>1252 Maip&uacute; Ave., 12<SUP>th</SUP> Floor
- CABA</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Main business of the parent company: </B>Investment in <B>edenor</B>&lsquo;s
Class &ldquo;A&rdquo; shares</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>Interest held by the parent company in capital stock and votes:
</B>51%</P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>CAPITAL STRUCTURE</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: center"><B>AS OF MARCH 31, 2022</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">(amounts stated in pesos)</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 73%">Class of shares</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 26%">&nbsp;Subscribed and paid-in<BR>
(See Note 21)&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Common, book-entry shares, face value 1 and 1 vote per share</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Class A</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;462,292,111</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Class B (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;442,210,385</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Class C (2)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">1,952,604</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;906,455,100</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Includes 31,134,420 and 31,380,871 treasury
shares as of March 31, 2022 and December 31, 2021, respectively.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Relates to the Employee Stock Ownership Program
Class C shares that have not been transferred.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Comprehensive
Income (Loss) </B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2022</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>presented in comparative form</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: left; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">8</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,401</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">32,607</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Energy purchases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">8</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(17,979)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(19,771)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Subtotal</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12,422</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12,836</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Transmission and distribution expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">9</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,892)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,072)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Gross margin</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,530</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,764</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Selling expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">9</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,534)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,789)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Administrative expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">9</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,404)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,051)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Other operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">10</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,123</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">853</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Other operating expense</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">10</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,255)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,162)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Operating profit</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,540)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,385)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Financial income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Financial costs</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,318)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,868)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other financial costs</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,536)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">117</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net financial costs</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(9,846)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(6,730)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Monetary gain (RECPAM)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">11,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;8,402</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Profit before taxes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">396</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">287</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Income tax&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">27</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,214)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,305)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Loss for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,818)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,018)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: left">Comprehensive loss for the period attributable to:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Owners of the parent&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,018)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Comprehensive loss for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,018)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; background-color: white">Basic and diluted loss per share:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Loss per share (argentine pesos per share)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">12</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(3.22)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1.16)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">The accompanying notes are an integral part of the Condensed Interim
Financial Statements.</P>



<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


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

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Financial Position
</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>as of March 31, 2022 presented in comparative
form</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">ASSETS</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Non-current assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Property, plant and equipment</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">13</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;226,715</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;226,827</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Interest in joint ventures</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;16</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Right-of-use asset</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">510</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">494</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Other receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Total non-current assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;227,243</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;227,346</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Current assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Inventories</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">15</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,034</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,994</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Other receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,951</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,476</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Trade receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">17</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,200</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;20,390</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">18</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">165</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">282</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">19</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;17,938</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Cash and cash equivalents</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">20</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,456</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,683</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Total current assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;46,721</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;48,763</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">TOTAL ASSETS</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;273,964</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;276,109</TD></TR>
  </TABLE>

<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Financial Position
</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>as of March 31, 2022 presented in comparative
form</B> <I>(continued)</I></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 2.85pt 0 35.45pt; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; background-color: white; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">EQUITY</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Share capital and reserve attributable to the owners of the Company&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Share capital</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">875</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">875</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Adjustment to share capital</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64,437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64,437</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Treasury stock</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Adjustment to treasury stock</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,384</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,384</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Additional paid-in capital</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">889</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">889</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Cost treasury stock</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,349)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,349)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Legal reserve</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,521</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Voluntary reserve</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;43,779</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;43,779</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Other comprehensive loss</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(231)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(231)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Accumulated losses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(27,598)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(24,780)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">TOTAL EQUITY</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;82,738</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;85,556</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">LIABILITIES</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Non-current liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Trade payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">23</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">704</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">767</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Other payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">24</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,348</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,975</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Deferred revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,676</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,959</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Salaries and social security payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">26</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">482</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">463</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Benefit plans</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,171</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,157</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Deferred tax liability</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">27</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,015</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;57,396</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Income tax payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">27</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,595</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Provisions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">29</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,511</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,622</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Total non-current liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;79,502</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;77,339</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Current liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Trade payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">23</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;89,132</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;88,439</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Other payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">24</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,842</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,617</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Borrowings</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">25</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,334</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,914</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Deferred revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;44</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;51</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Salaries and social security payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">26</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,928</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,244</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Benefit plans</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">131</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">152</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Income tax payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">27</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,086</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,456</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Tax liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">28</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">622</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">718</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Provisions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">29</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">605</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">623</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Total current liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;111,724</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;113,214</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">TOTAL LIABILITIES</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;191,226</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;190,553</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">TOTAL LIABILITIES AND EQUITY</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;273,964</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;276,109</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">The accompanying notes are an integral part of the Condensed Interim
Financial Statements.</P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Changes in Equity</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2022
</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>presented in comparative form</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left; width: 22%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Share capital</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">Adjustment to share capital</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Treasury stock</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">Adjustment to treasury stock</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Additional paid-in capital</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Cost treasury stock</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Legal reserve</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">Voluntary reserve</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 5%">Other reserve</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">&nbsp;Other comprehen- sive loss&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Accumulated (losses) profits</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">Total&nbsp;equity</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">875</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">64,427</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">882</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(5,349)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">74,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(382)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(31,003)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">110,178</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Loss for the three-month period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,018)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(1,018)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at March 31, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">875</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">64,427</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,394</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">882</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(5,349)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">74,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(382)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(32,021)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">109,160</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Ordinary and Extraordinary Shareholders&rsquo; Meeting held on April 27, 2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(31,003)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">31,003</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Other Reserve Constitution - Share-bases compensation plan</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">7</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Payment of Other Reserve Constitution - Share-based compensation plan</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(7)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other comprehensive results</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">151</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">151</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Loss for the nine-month period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(23,762)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(23,762)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at December 31, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">875</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">64,437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,384</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">889</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(5,349)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">43,779</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(231)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(24,780)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">85,556</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Loss for the three-month period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(2,818)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at March 31, 2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">875</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">64,437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,384</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">889</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(5,349)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">43,779</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(231)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(27,598)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">82,738</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 2.85pt 0 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 4cm; text-align: center; text-indent: -77.95pt">The accompanying notes are an integral
part of the Condensed Interim Financial Statements.</P>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Cash Flows</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2022
</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>presented in comparative form</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Cash flows from operating activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Loss for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,018)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Adjustments to reconcile net (loss) profit to net cash flows from operating activities:</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Depreciation of property, plants and equipments</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">13</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,722</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,643</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Depreciation of right-of-use assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">14</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;147</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;181</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Loss on disposals of property, plants and equipments</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">13</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;74</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;58</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Net accrued interest</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">8,304</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,843</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Income from customer surcharges</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">10</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(450)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(631)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Exchange difference</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;59</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;924</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Income tax</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">27</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">3,214</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,305</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Allowance for the impairment of trade and other receivables, net of recovery</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">9</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;392</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,035</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Adjustment to present value of receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;45</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;38</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Provision for contingencies</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">29</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;824</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;616</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Changes in fair value of financial assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;869</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(494)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Accrual of benefit plans</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">9</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;265</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;333</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Recovery of provision for credit RDSA</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(674)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Net gain from the cancelattion of Corporate Notes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">11</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Income from non-reimbursable customer contributions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(12)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(15)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Other financial results</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;563</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;92</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Monetary gain (RECPAM)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(11,782)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(8,402)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Changes in operating assets and liabilities:&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in trade receivables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,505)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,641)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">(Increase) Decrease in other receivables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(233)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,202</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(45)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(199)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in financial assets at amortized cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(499)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in deferred revenue</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,941</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,036</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in salaries and social security payable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(502)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(517)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Decrease in benefit plans</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(90)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(22)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Decrease in tax liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(166)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,536)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase in other payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,672</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Decrease in provisions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">29</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(199)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(64)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Net cash flows generated by operating activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,290</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,264</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 14.15pt 0 0; text-align: center"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>edenor</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>Condensed Interim Statement of Cash Flows</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2022
</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>presented in comparative form</B> <I>(continued)</I></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center">(Stated in millions of constant pesos &ndash; Note
3)</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Cash flows from investing activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Payment of property, plants and equipments&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2,300)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2,905)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Purchase net of Mutual funds and government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,307)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(387)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Mutuum charges granted to third parties</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Collection of receivables from sale of subsidiaries</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Net cash flows used in investing activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,607)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,275)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Cash flows from financing activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Payment of lease liability</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(188)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(163)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Cancelattion of Corporate Notes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Net cash flows used in financing activities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(188)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(177)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Increase in cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,495</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,812</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Cash and cash equivalents at the beginning of the year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">20</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">3,683</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,642</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Exchange differences in cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;279</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;247</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Result from exposure to inflation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Increase in cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,495</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,812</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Cash and cash equivalents at the end of the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">20</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,456</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,699</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Supplemental cash flows information</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Non-cash activities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Adquisition of advances to suppliers, property, plant and equipment through increased trade payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(384)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,015)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Adquisition of advances to suppliers, right-of-use assets through increased trade payables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(163)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(99)</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">The accompanying notes are an integral part of the Condensed Interim
Financial Statements.</P>



<!-- Field: Page; Sequence: 11; Options: NewSection; Value: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt"><B>1
                                            |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;
                                            </FONT><FONT STYLE="color: Black">General information</FONT></B></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Empresa Distribuidora y Comercializadora
Norte S.A. (hereinafter &ldquo;<B>edenor</B>&rdquo; or &ldquo;the Company&rdquo;) is a corporation (<I>sociedad an&oacute;nima</I>) organized
under the laws of Argentina, with legal address at 6363 Av. Del Libertador Ave - City of Buenos Aires, Argentine Republic, whose shares
are traded on the Buenos Aires Stock Exchange and the New York Stock Exchange (NYSE).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The corporate purpose of <B>edenor</B> is
to engage in the distribution and sale of electricity within the concession area. Furthermore, among other activities, the Company may
subscribe or acquire shares of other electricity distribution companies, subject to the approval of the regulatory agency, assign the
use of the network to provide electricity transmission or other voice, data and image transmission services, and render advisory, training,
maintenance, consulting, and management services and know-how related to the distribution of electricity both in Argentina and abroad.
These activities may be conducted directly by <B>edenor</B> or through subsidiaries or related companies. In addition, the Company may
act as trustee of trusts created under Argentine laws.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B>The Company&rsquo;s economic and financial
situation</B>&#9;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In the last few fiscal years, the Company
recorded negative working capital and operating losses. This situation is due mainly to the suspension of the electricity rate adjustment
since February 2019, in spite of the constant increase of the operating costs and the investments necessary, both for the operation of
the network and for maintaining the quality of the service, in an inflationary context in which the Argentine economy has been since mid-2018.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, this situation was exacerbated
by the effects of the COVID-19 pandemic in the last two years, which had a severe social, economic and financial impact. Most of the world&rsquo;s
countries implemented exceptional actions, which had an immediate effect on their economies, as rapidly evidenced by the falls recorded
in production and activity indicators. The governments&rsquo; immediate response to these consequences was the implementation of tax aids
to sustain their citizens&rsquo; income and thereby reduce the risk of a breakdown in the chain of payments, with the aim of avoiding
an economic and financial crisis.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">With regard to the Company, in 2021 and the
first months of 2022, the values of the electricity rate schedules suffered changes that, except for the provisions of ENRE Resolutions
Nos. 107/2021 and 76/2022 dated April 30, 2021 and February 25, 2022, respectively, implied only the passing through of the seasonal prices
not an improvement of revenues from the Company&rsquo;s CPD, which are still insufficient to cover the economic and financial needs of
the Distribution Company in a context of growing inflation, with the annual rate surpassing 50%. Nevertheless, and in spite of the aforementioned
context with constant increases in operating costs, the investments necessary, both for the operation of the network and for maintaining
and even improving the quality of the service, have been made.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Although in the current year the economic
activity has shown some recovery after the effect caused by the COVID-19 pandemic, the country&rsquo;s macroeconomic situation with the
increase in the rate of inflation, the widening of the gap between the official dollar exchange rate and the dollar exchange rate quoted
in the informal market, and the consequences of the agreement with the International Monetary Fund make it difficult to envisage a clear-cut
trend of the economy in the short term.</P>



<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">This complex and vulnerable economic context
is aggravated by the currency restrictions imposed by the BCRA pursuant to which the BCRA&rsquo;s prior authorization is required for
certain transactions, such as the Company&rsquo;s transactions associated with the payment of imports of goods that are necessary for
the provision of the service, and the payments to service the financial debt. These currency restrictions, or those to be implemented
in the future, could affect the Company&rsquo;s ability to access the MULC in order to acquire the foreign currency necessary to face
its operating and financial obligations.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As a consequence of the described context,
the Company witnessed an even greater deterioration of the economic and financial equation due to the rate freeze, the impossibility of
taking legal action to enforce payment of debts for electricity consumed but not paid, and the increase in costs on the Company&rsquo;s
operating structure and supplies. Therefore, it became necessary to partially postpone payments to CAMMESA for energy purchased in the
MEM as from the maturities taking place in March 2020; payment obligations which have been partially regularized, but as of March 31,
2022 accumulate a past due principal balance of $ 32,184, plus interest and charges for $ 31,002.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Despite the previously detailed situation,
it is worth pointing out that, in general terms, the quality of the electricity distribution service has been significantly improved,
both in duration and frequency of power cuts. In view of the continuous increase of the costs associated with the provision of the service,
as well as the need for additional investments to meet the demand, the Company is analyzing different measures aimed at mitigating the
negative effects of this situation on its financial structure, minimizing the impact on the sources of employment, the execution of the
investment plan, and the carrying out of the essential operation, maintenance and improvement-related works that are necessary to maintain
the provision of the public service, object of the concession, in a satisfactory manner in terms of quality and reliability.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Due to that which has been previously described,
the Board of Directors believes there is material uncertainty that may cast significant doubt upon <B>edenor</B>&rsquo;s ability to continue
as a going concern, which may result in the Company&rsquo;s being obliged to defer certain payment obligations or unable to meet expectations
for salary increases or the increases recorded in third-party costs.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Nevertheless, these condensed interim financial
statements have been prepared assuming that the Company will continue to operate as a going concern and do not include the adjustments
or reclassifications that might result from the outcome of these uncertainties, inasmuch as this Distribution Company has historically
been provided with transitional solutions that have made it possible to partially restore the economic and financial equation and ensure
the operation of the distribution networks.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>2 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Regulatory framework </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">At the date of issuance of these condensed
interim financial statements, there exist the following changes with respect to the situation reported by the Company in the Financial
Statements as of December 31, 2021:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Electricity rate situation </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 53.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 18, 2022, by means of SE Resolutions
Nos. 235 and 236/2022, the PEN called a Public Hearing to be held on May 11 and 12, 2022, respectively, to consider the following issues:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">the treatment of the new seasonal reference
prices of the Seasonal Price of Electricity (PEST), applicable as from June 1, 2022; and</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">the treatment of the implementation of the
segmentation system for the granting of Federal Government subsidies on energy prices to natural gas and electricity consumers, for the
2022-2023 biennium.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Neither of the above-mentioned items represent
an improvement in the Company&rsquo;s revenues from the CPD; they will only imply the transfer of prices to and/or elimination of subsidies
on the amounts to be billed to Consumers.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 36pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Moreover, on May 10, 2022, by means of Resolution
No. 146/2022, the ENRE approves the values of the Company&rsquo;s electricity rate schedule, effective from the billing relating to the
reading of meters subsequent to 12:00 AM on May 1, 2022.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 36pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Framework Agreement</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">By virtue of the Agreement described in Note
2.e) to the Financial Statements as of December 31, 2021, the Company received a first disbursement for $ 1,500, which was specifically
used for complying with the Preventive and Corrective Maintenance Work Plan for the Electricity Distribution Network. The Company used
the funds only after the ENRE certified compliance with both the degree of completion of the works included in the referred to plan and
the related financial milestones.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As of March 31, 2022, negotiations are underway
between the Company and the ENRE concerning the other disbursements stipulated in the agreement, which total an additional $1,000 relating
to the second and third disbursements, plus a fourth disbursement in accordance with that which the ENRE will validate and inform about
the vulnerable neighborhoods&rsquo; total consumption between August and December 2020.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">At the date of issuance of these condensed
interim financial statements, the Company has used a total of $ 2,218, of which $ 718 is pending crediting, relating to the reports on
progress of the works performed. The income recognized in fiscal year 2022, which relates to reports on progress of the works performed
with the Company&rsquo;s own funds<FONT STYLE="color: blue">,</FONT> amounts to $ 423.8 (which at the purchasing power of the currency
at March 31, 2022 amounts to $ 459).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>3 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Basis of preparation </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">These condensed interim financial statements
for the three-month period ended March 31, 2022:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">have been prepared in accordance with the
provisions of IAS 34 &ldquo;Interim Financial Reporting&rdquo;, incorporated by the CNV;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">have not been audited; they have been reviewed
by the Independent Accountant in accordance with ISRE 2410, whose scope is substantially less than that of an audit performed in accordance
with applicable auditing standards. The Company&rsquo;s Management estimates that they include all the necessary adjustments to fairly
present the results of operations for each period. The results of operations for the three-month period ended March 31, 2022 and its comparative
period as of March 31, 2021 do not necessarily reflect the Company&rsquo;s results in proportion to the full fiscal year. They were approved
for issue by the Company&rsquo;s Board of Directors on May 12, 2022;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">are measured in pesos (the legal currency
in Argentina) restated in accordance with that mentioned in this Note, which is also the presentation currency;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">must be read together with the audited Financial
Statements as of December 31, 2021 prepared under IFRS.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B>Comparative information </B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The balances as of December 31 and March
31, 2021, as the case may be, disclosed in these condensed interim financial statements for comparative purposes, arise as a result of
restating the annual Financial Statements and the Condensed Interim Financial Statements as of those dates, respectively, to the purchasing
power of the currency at March 31, 2022, as a consequence of the restatement of financial information described hereunder. Furthermore,
certain amounts of the financial statements presented in comparative form have been reclassified in order to maintain consistency of presentation
with the amounts of the current periods.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B>Restatement of financial information</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The condensed interim financial statements,
including the figures relating to the previous year/period, have been stated in terms of the measuring unit current at March 31, 2022,
in accordance with IAS 29 &ldquo;Financial reporting in hyperinflationary economies&rdquo;, using the indexes published by the FACPCE.
The inflation rate applied for the January 1, 2022 - March 31, 2022 period was 16.1%.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>4 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Accounting policies</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 71.45pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The accounting policies adopted for these
condensed interim financial statements are consistent with those used in the Financial Statements for the last financial year, which ended
on December 31, 2021.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="letter-spacing: -0.15pt">Accounting
standards, amendments and interpretations </FONT>issued by the IASB in the last few years that are effective as of March 31, 2022 and
have been adopted by the Company:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">-&#9;IAS 16 &ldquo;Property, plant and equipment&rdquo;,
amended in May 2020: It incorporates amendments to the recognition of inventories, sales and costs of items produced while bringing an
item of property, plant and equipment to the location and condition necessary for its intended use.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">-&#9;Annual improvements to IFRS &ndash; 2018-2020
Cycle: Amendments to IFRS 1 (translation differences in subsidiaries); IFRS 9 (derecognition of financial liabilities); IFRS 16 (illustrative
example of leasehold improvements); and IAS 41 (cash flows in the fair value of biological assets).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">-&#9;IFRS 3 &ldquo;Business combinations&rdquo;,
amended in May 2020: It incorporates references to the definitions of assets and liabilities in the new Conceptual Framework and clarifications
on contingent assets and liabilities that are incurred separately from those assumed in a business combination.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">-&#9;IAS 37 &ldquo;Provisions, contingent liabilities
and contingent assets&rdquo;, amended in May 2020: It clarifies the scope of the concept of cost of fulfilling an onerous contract.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">There are no new IFRS or IFRIC applicable
as from this period that have a material impact on the Company&rsquo;s condensed interim financial statements.</P>



<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>5 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial risk management</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 71.45pt; text-align: justify"><B>&nbsp;</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>5.1 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial risk factors</FONT></B></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Company&rsquo;s activities and the market
in which it operates expose the Company to a number of financial risks: market risk (including currency risk, cash flows interest rate
risk, fair value interest rate risk and price risk), credit risk and liquidity risk.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, the difficulty in obtaining
financing in international or national markets could affect some of the Company&rsquo;s business variables, such as interest rates, foreign
currency exchange rates and the access to sources of financing.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 0.5in; text-align: justify">With regard to the Company&rsquo;s risk management
policies, there have been no significant changes since the last fiscal year end.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 70.9pt"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 42.5pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B><I>a.</I></B></FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B><I>Market risks</I></B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 70.9pt"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">i.</FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><U>Currency risk </U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.4pt">As of&nbsp;March 31, 2022 and
December 31, 2021, the Company&rsquo;s balances in foreign&nbsp;currency are as follow:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 36%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Amount in foreign currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Exchange rate (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Total <BR>
03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Total <BR>
12.31.20</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">ASSETS</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">CURRENT ASSETS</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Other receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">666</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;120</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">82</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,103</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,486</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">12</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,332</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">1,431</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">TOTAL CURRENT ASSETS</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;11,101</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">7,037</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">TOTAL ASSETS</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;11,101</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; background-color: white">7,037</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">LIABILITIES</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">CURRENT LIABILITIES</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">5</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">555</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,431</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">123.121</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">123</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Borrowings</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">102</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;11,334</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">11,914</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Other payables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">111.010</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1,110</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,192</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">TOTAL CURRENT LIABILITIES</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;13,122</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">14,537</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">TOTAL LIABILITIES</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;13,122</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; background-color: white">14,537</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.55pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">The exchange rates used are the BNA exchange
rates in effect as of March 31, 2022 for US Dollars (USD) and Euros (EUR). </FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 2cm; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.65pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">ii.</FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><U>Fair value estimate </U></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 20.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Company classifies the measurements of
financial instruments at fair value using a fair value hierarchy that reflects the relevance of the variables used for carrying out such
measurements. The fair value hierarchy has the following levels:</P>


<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify">&middot; <B>Level 1</B>: quoted prices (unadjusted)
in active markets for identical assets or liabilities.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt"><BR>
&middot; <B>Level 2</B>: inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly
(i.e. prices) or indirectly (i.e. derived from the prices).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt"><BR>
&middot; <B>Level 3</B>: inputs for the asset or liability that are not based on observable market data (i.e. unobservable inputs).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The table below shows the Company&rsquo;s
financial assets and liabilities measured at fair value as of March 31, 2022 and December 31, 2021:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 80%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">&nbsp;LEVEL 1&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">At March 31, 2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">Other receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">602</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">Financial assets at fair value through profit or loss:</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">12,102</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,813</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">Cash and cash equivalents:</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,838</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">20,355</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">At December 31, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">Financial assets at fair value through profit or loss:</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10,300</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;7,638</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">Cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1,566</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">19,504</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">iii.</FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><U>Interest rate risk </U></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 7.1pt 0 0; text-align: justify; text-indent: 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Interest rate risk is the risk of fluctuation
in the fair value or cash flows of an instrument due to changes in market interest rates. The Company&rsquo;s exposure to interest rate
risk is mainly related to its long-term debt obligations.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Indebtedness at floating rates exposes the
Company to interest rate risk on its cash flows. Indebtedness at fixed rates exposes the Company to interest rate risk on the fair value
of its liabilities. As of March 31, 2022 and December 31, 2021 all the loans were obtained at fixed interest rates. The Company&rsquo;s
policy is to keep the largest percentage of its indebtedness in instruments that accrue interest at fixed rates.</P>


<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>6 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Critical accounting estimates and judgments</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The preparation of the condensed interim
financial statements requires the Company&rsquo;s Management to make estimates and assessments concerning the future, exercise critical
judgment and make assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities
and revenues and expenses.&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">These estimates and judgments are permanently
evaluated and are based upon past experience and other factors that are reasonable under the existing circumstances. Future actual results
may differ from the estimates and assessments made at the date of preparation of these condensed interim financial statements.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In the preparation of these condensed interim
financial statements, there were no changes in either the critical judgments made by the Company when applying its accounting policies
or the sources of estimation uncertainty used with respect to those applied in the Financial Statements for the year ended December 31,
2021.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>7 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Contingencies and lawsuits</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As of March 31, 2022, the provision for contingencies
has been recorded to face situations existing at the end of each period that may result in a loss for the Company if one or more future
events occurred or failed to occur.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">At the date of issuance of these condensed
interim financial statements, there are no significant changes with respect to the situation reported by the Company in the Financial
Statements as of December 31, 2021, except for the following:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>AFIP&rsquo;s Income Tax claim, Undocumented
outflows and VAT</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.4pt">On February 18, 2022, the Company was
served notice of the initiation of a new verification process in respect of the same suppliers in question, with a request for additional
information on transactions performed from January 2019 to the present. It was answered within the legal timeframe and in proper form
on March 8, 2022.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In the Company&rsquo;s opinion, strong and
sufficient arguments exist to make its position prevail at the judicial stage. Therefore, no liabilities whatsoever have been recorded
for this concept as of March 31, 2022.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Nevertheless, the Company is currently assessing
different scenarios with the aim of defending itself against the tax claims, among them, adhering to easy payment term or debt regularization
plans existing at the time the decision is made by Management.</P>


<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>8 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Revenue from sales and energy purchases</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We provide below a brief description
of the main services provided by the Company:</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 14.2pt"><B>Sales of electricity</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 19%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Small demand segment: Residential use and public lighting (T1)</FONT></TD>
    <TD STYLE="width: 81%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Relates to the highest demand average recorded over 15 consecutive minutes that is less than 10 kilowatts. In turn, this segment is subdivided into different residential categories based on consumption. This segment also includes a category for public lighting. Users are categorized by the Company according to their consumption.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Medium demand segment: Commercial and industrial customers (T2)</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Relates to the highest demand average recorded over 15 consecutive minutes that is equal to or greater than 10 Kilowatts but less than 50 Kilowatts. The Company agrees with the user the supply capacity.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Large demand segment (T3)</FONT></TD>
    <TD STYLE="text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Relates to the highest demand average recorded over 15 consecutive minutes that is greater than 50 Kilowatts. In turn, this segment is subdivided into categories according to the supply voltage -low, medium or high-, from voltages of up to 1 Kilovolt to voltages greater than 66 Kilovolts.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid">
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0">Other: (Shantytowns/</P>
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0">Wheeling system)</P></TD>
    <TD STYLE="border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Revenue is recognized to the extent that a renewal of the Framework Agreement has been formalized for the period in which the service was accrued. In the case of the service related to the Wheeling system, revenue is recognized when the Company allows third parties (generators and large users) to access to the available transmission capacity within its distribution system upon payment of a wheeling fee. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 14.2pt"><B>Other services</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 19%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Right of use of poles</FONT></TD>
    <TD STYLE="width: 81%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Revenue is recognized to the extent that the rental value of the right of use of the poles used by the Company&rsquo;s electricity network has been agreed upon for the benefit of third parties.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Connection and reconnection charges</FONT></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Relate to revenue accrued for the carrying out of the electricity supply connection of new customers or the reconnection of already existing users.</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 0 14.2pt"><B>Energy purchases</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 19%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Energy purchase </FONT></TD>
    <TD STYLE="width: 81%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Company bills its users the cost of its purchases of energy, which includes charges for purchases of energy and power. The Company purchases electric power at seasonal prices approved by the ENRE. The price of the Company&rsquo;s electric power reflects the costs of transmission and other regulatory charges.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #7F7F7F 1pt solid">
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0">Energy</P>
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0">losses</P></TD>
    <TD STYLE="border-bottom: #7F7F7F 1pt solid; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Energy losses are equivalent to the difference between energy purchased and energy sold. These losses can be classified into technical and non-technical losses. Technical losses represent the energy lost during transmission and distribution within the network as a consequence of the natural heating of the conductors and transformers that carry electricity from power generation plants to users. Non-technical losses represent the remainder of the Company&rsquo;s energy losses and are mainly due to the illegal use of its services or the theft of energy. Energy losses require that the Company purchase additional energy in order to meet the demand and its Concession Agreement allows it to recover from its users the cost of these purchases up to a loss factor specified in its concession for each rate category. The current loss factor recognized in the tariff by virtue of its concession amounts to approximately 9.1%.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 45%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">$</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Sales of electricity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Small demand segment: Residential use and public lighting (T1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3,040</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;17,084</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,873</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;20,042</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Medium demand segment: Commercial and industrial (T2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">391</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,112</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">373</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,876</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Large demand segment (T3)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">936</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;8,536</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">880</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;7,179</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">Other: (Shantytowns/Wheeling system)<BR></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,103</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,466</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,085</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,304</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Subtotal - Sales of electricity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,470</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;30,198</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,211</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;32,401</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other services</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Right of use of poles</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">185</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">187</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Connection and reconnection charges</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;18</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;19</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Subtotal - Other services</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">203</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">206</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total - Revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;30,401</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;32,607</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 45%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">$</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Energy purchases <FONT STYLE="font-family: Arial, sans-serif; font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">6,351&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">(17,979)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">6,256&nbsp;&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">(19,771)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: -7.1pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 7.1pt; text-align: justify; text-indent: 7.1pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: -7.1pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 24.55pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.05pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">As of March 31, 2022
and 2021, includes technical and non-technical energy losses for 881 GWh and 1,045 GWh, respectively.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>9 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Expenses by nature</FONT></B></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The detail of expenses by nature is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Expenses by nature at 03.31.22</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 48%">&nbsp;Description&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Transmission and distribution expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Selling&nbsp;expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Administrative expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Salaries and social security taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,100</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;471</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">871</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">4,442</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Pension plans</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;185</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;28</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">52</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;265</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Communications expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;49</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;147</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;196</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Allowance for the impairment of trade and other receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;392</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;392</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Supplies consumption&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;554</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">55</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;609</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Leases and insurance</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">165</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;166</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Security service</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;173</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;20</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;207</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Fees and remuneration for services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,167</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;798</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">840</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,805</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Public relations and marketing</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;200</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;200</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Advertising and sponsorship&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;103</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;103</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Depreciation of property, plants and equipments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,141</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;319</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">262</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,722</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Depreciation of right-of-use asset</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;29</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">103</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;147</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Directors and Supervisory Committee members&rsquo; fees&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;11</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">ENRE penalties</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;507</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;575</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,082</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Taxes and charges&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;452</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">24</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;476</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Other</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">7</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">At 03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,892</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,534</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,404</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">13,830</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 8pt; line-height: 115%"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The expenses included in the chart above
are net of the Company&rsquo;s own expenses capitalized in property, plant and equipment as of March 31, 2022 for $ 605.4.</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Expenses by nature at 03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 48%">&nbsp;Description&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Transmission and distribution expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Selling&nbsp;expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Administrative expenses&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Salaries and social security taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,211</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;506</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">733</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">4,450</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Pension plans</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;240</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;38</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">55</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;333</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Communications expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;70</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;171</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;241</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Allowance for the impairment of trade and other receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,035</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,035</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Supplies consumption&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;495</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">61</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;556</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Leases and insurance</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">157</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;158</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Security service</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;144</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;172</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Fees and remuneration for services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,423</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;865</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">590</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,878</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Public relations and marketing</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Advertising and sponsorship&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation of property, plants and equipments&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,079</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;310</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">254</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,643</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation of right-of-use asset</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;18</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;36</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">127</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;181</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Directors and Supervisory Committee members&rsquo; fees&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;13</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">ENRE penalties (2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;392</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;351</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;743</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Taxes and charges&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;459</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">24</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;483</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Other</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;19</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: center">At 03.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,072</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,789</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,051</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">13,912</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"></FONT></P>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The expenses included in the chart above
are net of the Company&rsquo;s own expenses capitalized in property, plant and equipment as of March 31, 2021 for $ 610.2.</P>



<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>10 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other operating income (expense), net</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify; width: 60%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white; width: 15%">03.31.21</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Other operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Income from customer surcharges</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;450</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;631</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Commissions on municipal taxes collection</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;104</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;102</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Fines to suppliers&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">13</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Services provided to third parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">69</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">54</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">30.a</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Income from non-reimbursable customer <BR>
contributions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">12</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">15</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Expense recovery</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">9</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Construction plan Framework agreement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">2.b</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;459</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Other</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">36</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total other operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,123</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;853</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Other operating expense</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Gratifications for services</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(33)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(95)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Cost for services provided to third parties</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(19)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(14)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Severance paid&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(10)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Debit and Credit Tax</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(284)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(315)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Provision for contingencies</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">29</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(824)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(616)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Disposals of property, plant and equipment&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(74)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(58)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Other</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(54)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total other operating expense</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,255)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,162)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>11 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net
financial costs</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 60%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; background-color: white; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-decoration: underline; font-family: Arial, sans-serif; background-color: white">Financial income</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Financial interest</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">21</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Total financial income</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-decoration: underline; font-family: Arial, sans-serif; background-color: white">Financial costs</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Commercial interest</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,055)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,275)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Interest and other&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,256)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,588)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Fiscal interest</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Bank fees and expenses</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Total financial costs</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(8,318)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(6,868)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-decoration: underline; font-family: Arial, sans-serif; background-color: white">Other financial results</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Changes in fair value of financial assets</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(869)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">494</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Net gain from the cancelattion of <BR>
Corporate Notes</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Exchange differences</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(59)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(924)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Adjustment to present value of receivables</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(45)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(38)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Recovery of provision for credit RDSA</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white">32</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">674</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Other financial costs (*)</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(563)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(91)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Total other financial costs</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(1,536)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">117</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Total net financial costs</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(9,846)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(6,730)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 1cm; text-align: justify">(*) As of March 31, 2022, relates to EDELCOS S.A. technical
assistance.</P>


<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>12 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Basic and diluted loss per share</FONT></B></TD></TR></TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-indent: 124.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 70.9pt"><B><I>Basic</I></B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The basic loss per share is calculated by
dividing the loss attributable to the holders of the Company&rsquo;s equity instruments by the weighted average number of common shares
outstanding as of March 31, 2022 and 2021, excluding common shares purchased by the Company and held as treasury shares.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The basic loss per share coincides with the
diluted loss per share, inasmuch as there exist neither preferred shares nor Corporate Notes convertible into common shares.</P>

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


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 3%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 19%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 18%">03.31.21</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Loss for the period attributable to the owners of the Company&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(2,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,018)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Weighted average number of common shares outstanding</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;875</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">875</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Basic and diluted loss per share &ndash; in pesos</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(3.22)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;(1.16)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 1cm; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"></FONT></P>



<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>13 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Property, plant and equipment</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: center; text-indent: -31.5pt"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">&nbsp;Lands and buildings&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Substations&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">&nbsp;High, medium and low voltage lines&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">&nbsp;Meters and Transformer chambers and platforms&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">&nbsp;Tools, Furniture, vehicles, equipment, communications and advances to suppliers&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Construction in process&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Supplies and spare parts&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;At 12.31.21&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,592</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,184</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;147,377</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64,040</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,851</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;50,639</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;560</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;342,243</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,404)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(20,457)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(58,987)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">(26,330)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(8,238)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(115,416)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;Net amount&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;5,188</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;38,727</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;88,390</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;37,710</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">5,613</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;50,639</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;560</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;226,827</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Additions</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;94</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">94</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,476</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,684</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Disposals</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(61)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(13)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(74)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Transfers</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,376</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;570</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;598</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,028)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;462</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif">Depreciation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(34)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(510)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,248)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(624)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(306)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,722)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">&nbsp;Net amount 03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;5,187</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;38,222</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;89,461</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;37,737</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,999</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;49,087</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;226,715</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;At 03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,625</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,189</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;149,657</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64,683</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,543</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;49,087</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,022</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;344,806</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,438)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(20,967)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(60,196)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(26,946)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,544)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(118,091)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;Net amount&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,187</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;38,222</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;89,461</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;37,737</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,999</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;49,087</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;226,715</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0"><B>&nbsp;</B></P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">During the period ended March 31, 2022, the Company capitalized as direct
own costs $ 605.4.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">&nbsp;Lands and buildings&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Substations&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">&nbsp;High, medium and low voltage lines&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">&nbsp;Meters and Transformer chambers and platforms&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">&nbsp;Tools, Furniture, vehicles, equipment, communications and advances to suppliers&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Construction in process&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Supplies and spare parts&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;At 12.31.20&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,386</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;55,124</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;140,446</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;61,374</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,986</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;49,123</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;566</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;324,005</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,253)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(18,448)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(54,299)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">(23,995)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(7,192)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(105,187)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;Net amount&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;5,133</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;36,676</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;86,147</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;37,379</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,794</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;49,123</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;566</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;218,818</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Additions</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;163</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;380</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,153</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;214</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,920</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Disposals</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(45)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(58)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Transfers</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">901</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,446</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;926</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(220)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,918)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(135)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif">Depreciation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(39)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(503)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,233)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(630)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(238)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,643)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">&nbsp;Net amount 03.31.21&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;5,101</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;37,074</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;86,352</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;37,793</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,714</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;49,358</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;645</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;220,037</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;At 03.31.21&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,393</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;56,023</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;141,827</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;62,393</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,139</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;49,358</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;645</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;327,778</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,292)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(18,949)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(55,475)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(24,600)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,425)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(107,741)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;Net amount&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;5,101</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;37,074</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;86,352</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;37,793</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,714</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;49,358</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;645</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;220,037</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">During the period ended March 31, 2021, the Company capitalized as direct
own costs $ 610.2.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>14 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Right-of-use asset</FONT></B></TD></TR></TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">The leases recognized as right-of-use assets in accordance with
IFRS 16 are disclosed below:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 68%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Right of uses asset by leases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">510</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">494</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 1cm; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 42.55pt">The development of right-of-use assets is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify; width: 68%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance at beginning of year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;494</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;492</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Additions</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;163</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Depreciation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(147)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(181)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance at end of the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;510</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;410</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>15 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventories</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Supplies and spare-parts</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;3,033</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;3,994</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Advance to suppliers</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,034</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,994</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 21.3pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>16 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other
receivables</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 60%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Financial credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;7</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;30.d&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Total non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Current:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Credit for Real estate asset</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">32</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;36</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Construction plan Framework agreement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;2.b&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">718</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Government bonds (*)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">602</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Judicial deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;88</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;99</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Security deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;67</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;75</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Prepaid expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">143</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">241</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Advances to personnel</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;28</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Financial credit&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;16</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Advances to suppliers</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">136</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Tax credits</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,084</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,585</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;30.d&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Debtors for complementary activities</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;90</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;73</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font-family: Arial, sans-serif; text-align: left">Other</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Allowance for the impairment of other receivables</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(30)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(34)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total current</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,951</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,476</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; text-indent: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 35.4pt 0 35.45pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 35.4pt 0 35.45pt; text-align: justify">(*) Relates to 2030 Global Bonds of the Argentine
Republic (GD30) for 9,130,000 NV assigned to Global Valores S.A. according to the offer of assignment of securities dated February 7,
2022. The Company retains the risks and rewards of the aforementioned bonds and may make use of them, at its own request, in a term of
15 days.</P>


<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The value of the Company&rsquo;s other financial
receivables approximates their fair value.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The other non-current receivables are measured
at amortized cost, which does not differ significantly from their fair value.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">The roll forward of the allowance for the impairment of other
receivables is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Balance at beginning of year</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;34</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;3,859</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Increase</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;9</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;2</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Decrease</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">(2,681)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Result from exposure to inlfation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(389)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Recovery</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(9)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(674)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance at end of the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;30</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">117</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 14.2pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>17 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade
receivables</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Sales of electricity &ndash; Billed&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,461</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;17,457</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Receivables in litigation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">228</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">294</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Allowance for the impairment of trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,369)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,973)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Subtotal</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;9,320</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;10,778</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Sales of electricity &ndash; Unbilled</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;9,380</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;9,165</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">PBA &amp; CABA government credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">498</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">445</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Fee payable for the expansion of the transportation and others</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Trade receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,200</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;20,390</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; text-indent: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The value of the Company&rsquo;s trade receivables
approximates their fair value.</P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">The roll forward of the allowance for the impairment of trade
receivables is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Balance at beginning of the year</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;6,973</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;8,067</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Increase</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">392</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1,035</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Decrease</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(106)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Result from exposure to inlfation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(985)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(988)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance at end of the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,369</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,008</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-indent: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>18 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial
assets at amortized cost</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 60%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right">165</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right">282</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>19 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial
assets at fair value through profit or loss</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 60%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Government bonds</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;12,102</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;10,300</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,813</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;7,638</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;15,915</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;17,938</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center; text-indent: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 71.45pt; text-align: justify; color: #76923C"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 71.45pt; text-align: justify; color: #76923C"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>20 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash
and cash equivalents</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 71.45pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; width: 52%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Cash and banks</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1,618</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1,762</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;2,551</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Time deposits</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">355</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Mutual funds&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;3,838</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1,566</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;8,148</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Total cash and cash equivalents</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,456</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,683</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,699</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #76923C"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; color: #76923C"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; color: #76923C"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>21 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Share
capital and additional paid-in capital </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 52%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">&nbsp;Share capital&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">&nbsp;Additional paid-in capital&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;66,727</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">882</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;67,609</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Payment of Other reserve constitution - Share-bases compensation plan</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;7</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at December 31, 2021 and March 31, 2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;66,727</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">889</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;67,616</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As of March 31, 2022, the Company&rsquo;s
share capital amounts to 906,455,100 shares, divided into 462,292,111 common, book-entry Class A shares with a par value of one peso each
and the right to one vote per share; 442,210,385 common, book-entry Class B shares with a par value of one peso each and the right to
one vote per share; and 1,952,604 common, book-entry Class C shares with a par value of one peso each and the right to one vote per share.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>22 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Allocation
of profits</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The restrictions on the distribution of dividends
by the Company are those provided for by the Business Organizations Law and the negative covenants established by the Corporate Notes
program.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">If the Company&rsquo;s Debt Ratio were higher
than 3, the negative covenants included in the Corporate Notes program, which establish, among other issues, the Company&rsquo;s impossibility
to make certain payments, such as dividends, would apply.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, in accordance with Title IV,
Chapter III, section 3.11.c of the CNV, the amounts subject to distribution will be restricted to the amount equivalent to the acquisition
cost of the Company&rsquo;s own shares.</P>


<!-- Field: Page; Sequence: 28 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>23 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 60%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Customer guarantees</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">406</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">426</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Customer contributions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">298</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">704</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">767</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Payables for purchase of electricity - CAMMESA&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;69,176</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;66,892</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Provision for unbilled electricity purchases - CAMMESA</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;12,761</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;11,006</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Suppliers</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,628</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,917</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Advance to customer&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">533</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">543</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Customer contributions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;33</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;38</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Discounts to customers</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;43</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;89,132</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;88,439</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The fair values of non-current customer contributions
as of March 31, 2022 and December 31, 2021 amount to $ 36 and $ 53.9, respectively. The fair values are determined based on estimated
discounted cash flows in accordance with a representative market rate for this type of transactions. The applicable fair value category
is Level 3.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The value of the rest of the financial liabilities
included in the Company&rsquo;s trade payables approximates their fair value.</P>

<P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>24 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other
payables </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 60%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">ENRE penalties and discounts</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,255</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,883</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Financial Lease Liability<FONT STYLE="font-family: Arial, sans-serif; font-size: 8pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;93</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;92</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,348</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,975</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">ENRE penalties and discounts</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,401</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,127</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;30.d&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">129</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">160</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Advances for works to be performed</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;13</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;15</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Financial Lease Liability&nbsp;<FONT STYLE="font-family: Arial, sans-serif; font-size: 8pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">295</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">311</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Other</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,842</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,617</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The value of the Company&rsquo;s other financial
payables approximates their fair value.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The development of the financial lease liability
is as follows:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 53.45pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 69%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 15%">&nbsp;03.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance at beginning of year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;403</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white">&nbsp;625</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Increase</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;146</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;89</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Payments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(188)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(292)</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Exchange difference</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;40</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;85</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Interest</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;43</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;92</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Result from exposure to inflation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(56)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(115)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at end of the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;388</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;484</TD></TR>
  </TABLE>



<!-- Field: Page; Sequence: 29 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>25 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Corporate notes (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;10,881</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;11,688</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Arial, sans-serif">Interest from corporate notes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">453</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">226</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Total Borrowings</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;11,334</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;11,914</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Net of debt issuance, repurchase and redemption
expenses.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Verdana,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The fair values of the Company&rsquo;s borrowings
as of March 31, 2022 and December 31, 2021 amount approximately to $ 9,993.5 and $ 10,428.4 respectively. Such values were determined
on the basis of the estimated market price of the Company&rsquo;s Corporate Notes at the end of each period. The applicable fair value
category is Level 1.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 12, 2022, the Company launched an
exchange offer of the existing Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022, for New Class N I Corporate
Notes due in 2025, to be issued for a nominal value of up to USD 120,000,000 (Note 33).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>26 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Salaries
and social security taxes payable</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Seniority-based bonus</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right">482</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 2pt double; text-align: right">463</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Salaries payable and provisions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;2,923</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;4,619</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Social security payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">981</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">597</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Early retirements payable</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;24</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;28</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Total current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,928</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,244</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The value of the Company&rsquo;s salaries
and social security taxes payable approximates their fair value.</P>


<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>27 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Income
tax and deferred tax</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-indent: 35.45pt">The breakdown of deferred tax assets and liabilities is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; width: 69%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deferred tax assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Trade receivables and other receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,361</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,592</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables and other payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,519</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,394</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Salaries and social security payable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">620</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">618</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Benefit plans</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Tax liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">25</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">29</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Provisions</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,825</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,876</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deferred tax asset</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">6,530</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deferred tax liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Property, plants and equipments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(61,489)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(59,190)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(514)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(443)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Borrowings</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Adjustment effect on tax inflation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(3,379)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,291)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deferred tax liability</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(65,383)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(63,926)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Net deferred tax liability</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(59,015)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(57,396)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 1cm; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The breakdown of the income tax expense for
the period includes two effects: (i) the current tax for the period payable in accordance with the tax legislation applicable to the Company;
and (ii) the effect of applying the deferred tax method on the temporary differences arising from the valuation of assets and liabilities
in accordance with tax and accounting criteria.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The breakdown of the income tax expense is
as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; width: 68%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">03.31.21</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Deferred tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,619)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,528)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Change in the income tax rate</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,113</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Current tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,595)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(890)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax expense</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,214)</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,305)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">03.31.22</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">03.31.21</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Profit for the period before taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">396</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">287</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Applicable tax rate</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">35%</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">30%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Result for the period at the tax rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(139)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white">(86)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Loss on net monetary position</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(456)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Adjustment effect on tax inflation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,081)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,861)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Income tax expense</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(15)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(15)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Change in the income tax rate</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,113</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax expense</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: white">(3,214)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: white">(1,305)</TD></TR>
  </TABLE>


<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt 14.2pt">The breakdown of the income tax payable is as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;03.31.22&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">&nbsp;12.31.21&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Tax payable 2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;1,595</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Total non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,595</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Tax payable 2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;2,042</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;2,371</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Tax withholdings</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(956)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;(915)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Total current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,086</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,456</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt 21.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>28 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Tax
liabilities</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #333399; font-family: Arial, sans-serif; width: 68%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Provincial, municipal and federal contributions and taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">150</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">152</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Tax withholdings</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">232</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">264</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">SUSS withholdings</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;21</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;32</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Municipal taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">219</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">270</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Tax liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">622</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">718</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt"><B></B></FONT></P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 49.65pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>29 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provisions</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 68%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 15%">&nbsp;Non-current liabilities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 15%">&nbsp;Current liabilities&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;Contingencies&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">At 12.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,622</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">623</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">554</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">270</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Decreases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(199)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Result from exposure to inflation for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(665)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(89)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">At 03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,511</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">605</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">At 12.31.20</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,259</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">627</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">557</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Decreases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(64)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Result from exposure to inflation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(499)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(74)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">At 03.31.21</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,317</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; text-align: right">548</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>30 |</B></FONT><B> <FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Related-party
transactions </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 1cm">The following transactions were carried out with related parties:</P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.85pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt"><B>a.</B></FONT></TD><TD><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt">Income</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 99.25pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 31%">Company</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 36%">Concept</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">PESA (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Impact study</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">2</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.85pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt"><B>b.</B></FONT></TD><TD><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt">Expense</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 99.25pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 31%">Company</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; width: 36%">Concept</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">EDELCOS S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">Technical advisory services on financial matters</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(563)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">PESA (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">Technical advisory services on financial matters</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(92)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">SACME</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">Operation and oversight of the electric power transmission system</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(54)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(31)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">OSV (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">Hiring life insurance for staff</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">SB&amp;WM Abogados (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">Legal fees</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif">Estudio Cuneo Libarona Abogados</TD>
    <TD STYLE="font-family: Arial, sans-serif">Legal fees</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(618)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(140)</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 21.2pt 0 0; text-align: center; text-indent: 49.65pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 21.2pt 0 0; text-align: center; text-indent: 49.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.85pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>c.</B></FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Key Management personnel&rsquo;s remuneration</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 99.25pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 68%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 15%">03.31.21</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Salaries&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">296</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">323</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 21.2pt 10pt 219.75pt; text-align: center; text-indent: -170.25pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 21.3pt">The balances with related parties are as follow:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 70.85pt"></TD><TD STYLE="width: 28.4pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>d.</B></FONT></TD><TD><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Receivables and payables</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 14.15pt 0 21.3pt; text-align: right">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 68%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-decoration: underline; font-family: Arial, sans-serif">Other receivables - Non current</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">SACME</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;2</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;2</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; text-decoration: underline; font-family: Arial, sans-serif; vertical-align: bottom">Other receivables - Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">SACME</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;1</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 14.15pt 0 49.65pt; text-align: center; text-indent: -18.7pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 14.15pt 0 14.2pt; text-align: center; text-indent: -18.7pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 68%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">03.31.22</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">12.31.21</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-decoration: underline; font-family: Arial, sans-serif">Other payables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Andina PLC</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(119)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(138)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">SACME</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(22)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(129)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(160)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt 14.2pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 10pt 42.55pt; text-align: justify">(*) Balances held and transactions carried out as
of March 31<FONT STYLE="color: blue">, </FONT>2022, with the companies that comprised the Company&rsquo;s former controlling economic
group (Pampa Energ&iacute;a S.A.) are disclosed for comparative purposes.</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 42.55pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2cm"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>31 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Ordinary and Extraordinary Shareholders&rsquo; Meeting</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Company&rsquo;s Annual General Meeting
held on April 6, 2022 resolved, among other issues, the following:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Georgia,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">To approve <B>edenor&rsquo;s</B> Annual Report
and Financial Statements as of December 31, 2021;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Georgia,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">To allocate the $ 21,344 loss for the year
ended December 31, 2021 (which at the purchasing power of the currency at March 31, 2022 amounts to $ 24,780) to the Unappropriated Retained
Earnings account, under the terms of section 70, 3rd paragraph, of Business Organizations Law No. 19,550.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Georgia,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">To approve the actions taken by the Directors
and Supervisory Committee members, together with their respective remunerations;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Georgia,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">To appoint the authorities and the external
auditors for the current fiscal year;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.6pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Georgia,serif; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">To consider the updating of the Global Issuance
Program of non-convertible into shares, simple Corporate Notes for up to USD 750,000,000 (Note 33).</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2cm"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>32 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Termination of agreement on real estate asset</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">With regard to the real estate asset to be
constructed, acquired by the Company in November 2015, the subsequent termination of the agreement due to RDSA&rsquo;s default in August
2018 and the respective legal actions brought by the Company against the seller and the insurance company, and with respect to the settlement
agreement dated March 31, 2019 that the Company entered into with Aseguradora de Cauciones S.A., at the date of issuance of these condensed
interim financial statements there are no significant changes with respect to the situation reported by the Company in the Financial Statements
as of December 31, 2021, except for the following:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">With regard to the USD 1 million receivable
resulting from the agreement with Aseguradora de Cauciones S.A., as of to date the Company received a payment of USD 870,000. The remaining
balance of USD 130,000 will be collected in July 2022, along with an additional interest amount of USD 9,777 as agreed upon between the
Company and the insurance company.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2cm"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>33 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Debt restructuring</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 2cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">On April 6, 2022, the Annual General
Meeting approved the updating of the Global Simple Corporate Notes Issuance Program for a Maximum Amount outstanding at any time of up
to USD 750,000,000 (or its equivalent in any other currency).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.4pt">In this regard, the Company&rsquo;s
Board of Directors, at its meeting of April 6, 2022, approved the launching of a consent solicitation to restructure the financial debt
by exchanging the Company&rsquo;s Class No. 9 Corporate Notes due October 25, 2022 for New Corporate Notes.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Consequently, on April 12, 2022, the
Company launched its offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 at a fixed nominal
annual interest rate of 9.75% for a nominal value outstanding of USD 98,057,000 for New Class N I Corporate Notes, denominated and payable
in United States dollars, at a fixed nominal annual interest rate of 9.75%, due in 2025, to be issued for a nominal value of up to USD
120,000,000, in the framework of the Global Simple Corporate Notes Issuance Program.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The New Corporate Notes comply with
the &ldquo;Guidelines for the issuance of social, green and sustainable securities in Argentina&rdquo; included in Appendix III to Chapter
I, Title VI of the CNV&rsquo;s Regulations and in the BYMA&rsquo;s Guide to Social, Green and Sustainable Bonds for the purpose of having
them listed on BYMA&rsquo;s Social, Green and Sustainable Bonds Panel.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The principal on the corporate notes
will be repaid in a lump sum on May 12, 2025. Furthermore, they will accrue interest at a fixed nominal annual rate of 9.75%, payable
semi-annually in arrears on May 12 and November 12 of each year, commencing on November 12, 2022.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The New Corporate Notes are issued
in accordance with the New Corporate Notes Indenture, which contains a number of negative covenants that limit <B>edenor</B>&rsquo;s ability
to, among other things:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">- create or permit liens on its property
or assets;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">- incur indebtedness;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">- sell its assets;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">- carry out transactions with affiliates
or shareholders;</P>

<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.4pt; text-align: justify; text-indent: 0.05pt">- make certain payments (including,
but not limited to, dividends, purchases of <B>edenor</B>&rsquo;s common shares or payments on subordinated debt); and</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">- enter into merger transactions, unless
they meet certain criteria.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Many of the negative covenants set
forth in the New Corporate Notes Indenture will be suspended if (i) <B>edenor</B> attains an Investment Grade rating on its long term
debt, or; (ii) the leverage ratio is equal to or lower than 3.0. If <B>edenor</B> subsequently loses its investment grade rating or its
leverage ratio is greater than 3.0, as applicable, the suspended negative covenants will again be applicable. The suspended negative covenants
will not, however, be of any effect with regard to the actions of <B>edenor</B> taken during the suspension of the covenants.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Finally, on May 12, 2022 the Company
approved the issuance and placement under the exchange offer, as set forth in the Supplement to the Exchange Offer Memorandum dated April
12, 2022. The Corporate Notes will be subscribed in accordance with the Tender Orders received, based on the following options:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt"><U>Option A </U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Tender Orders of Existing Corporate Notes
submitted under Option A at or prior to the Early Tender Date (April 28, 2022, extended until May 9, 2022 on April 29, 2022) will receive
USD 1,050 principal amount of New Corporate Notes for each USD 1,000 principal amount of Existing Corporate Notes validly tendered and
accepted for exchange. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt"><U>Option B </U></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Tender Orders of Existing Corporate
Notes submitted under Option B will receive a portion of the Cash Consideration, plus the applicable New Corporate Notes Consideration.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The Cash Consideration represents
an aggregate amount equivalent to the lesser of: (i) 30% of the principal amount of the Existing Corporate Notes that are validly tendered
and accepted for exchange in the Offer; and (ii) the principal amount of the Existing Corporate Notes accepted for exchange under Option
B.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The sum of the Pro-rata Cash Consideration
that will be payable to Eligible Holders whose Existing Corporate Notes are accepted for exchange under Option B will be equivalent to
the Cash Consideration divided by the principal amount of Existing Corporate Notes accepted under Option B multiplied by 1,000.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">The Early (at or prior to the Early Tender
Date) New Corporate Notes Consideration for each Eligible Holder whose Existing Corporate Notes have been accepted for exchange under
Option B will be equal to 1.04 times the difference between USD 1,000 and the Pro-rata Cash Consideration received by each Eligible Holder
whose Existing Corporate Notes have been accepted for exchange under Option B. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt"><I>Payment of Accrued Interest </I></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">In addition to the Exchange Consideration,
the Eligible Holders whose Existing Corporate Notes have been accepted for exchange in the Exchange Offer will also receive Payment of
Accrued Interest equal to all accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date,
to be paid in cash on the Settlement Date.</P>


<!-- Field: Page; Sequence: 35 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt; background-color: white; color: #222222">The
offer to exchange Class No. 9 Corporate Notes issued by the Company due October 25, 2022 for New Class N I Corporate Notes resulted in
73.25% acceptance, equivalent to US$ 71,816,000; accordingly, a total of USD 52,706,268, relating to: i) Tender Offers submitted under
Option A for USD 43,783,950, and ii) Tender Offers submitted under Option B for USD 30,470,118, has been restructured. Furthermore, the
Pro-rata Cash Consideration received by each Eligible Holder has amounted to USD 21,547,800.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt; background-color: white; color: #222222">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt; color: #222222">Additionally, interest
paid in cash from the last payment date up to and including the Settlement Date has amounted to a total of USD 329,573.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Based on the Tender Offers received,
the Company&rsquo;s Corporate Note debt structure would be as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border: Black 0.5pt solid; text-align: center; width: 43%">&nbsp;Corporate Notes&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 14%">&nbsp;Class&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 21%">&nbsp;Debt structure as of March 31, 2022 (*)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt; width: 22%">&nbsp;Debt structure after the exchange (*)&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Fixed rate par notes - Due 2022&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">9</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">98,057,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;26,231,000</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Fixed rate par notes - Due 2025&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;N I&nbsp;</TD>
    <TD STYLE="border-right: Black 0.5pt solid; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;52,706,268</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Total&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">98,057,000</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-left-color: Black; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;78,937,268</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B></B></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">(*) In US dollars (US$).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2cm"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>34 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Change of control</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 2cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On December 28, 2020, Pampa Energ&iacute;a
S.A., the holder of 100% of <B>edenor</B>&rsquo;s Class A shares, representing 51% of <B>edenor</B>&lsquo;s share capital, entered into
a share purchase and sale agreement, as the seller, with Empresa de Energ&iacute;a del Cono Sur S.A.</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On June 23, 2021, by means of Resolution
No. 207/2021, the ENRE authorized Pampa Energ&iacute;a S.A. to transfer all the Class A shares, representing 51% of the Company&rsquo;s
share capital and votes, to Empresa de Energ&iacute;a del Cono Sur S.A. in accordance with the share purchase and sale agreement entered
into on December 28, 2020.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The transfer of all the Class A shares, representing
51% of the Company&rsquo;s share capital and votes owned by Pampa Energ&iacute;a S.A., in favor of Empresa de Energ&iacute;a del Cono
Sur S.A. was completed shortly afterwards on June 30, 2021.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As required by the regulations in effect
and within the time periods set forth therein, Empresa de Energ&iacute;a del Cono Sur S.A. announced the launching of a mandatory Public
Tender Offer addressed to all the holders of Class B and Class C common shares issued by the Company, including the holders of ADS in
respect of the underlying Class B common shares, in accordance with the provisions of General Resolution No. 779/2018 of the National
Securities Commission.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">During the term of the Offer, no shares
were tendered by Class B (including ADS) and Class C Shareholders; therefore, the offeror announced the completion of the tender offer.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Consequently, at the date of issuance of
these condensed interim financial statements, <B>edenor</B> is a subsidiary company of Empresa de Energ&iacute;a del Cono Sur S.A.</P>


<!-- Field: Page; Sequence: 36 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>CONDENSED INTERIM </B></FONT></P><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #174179"><FONT STYLE="letter-spacing: 2pt"><B>FINANCIAL STATEMENTS</B></FONT></P></TD></TR><TR><TD STYLE="text-align: center"><P STYLE="font: 9pt/115% Verdana,sans-serif; margin: 0; text-align: right; color: #A6A6A6"><FONT STYLE="letter-spacing: 2pt">NOTES</FONT></P></TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 2cm"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Note</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>35 |</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Events after the reporting period</FONT></B></TD></TR></TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 2cm; text-align: justify"></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 2cm; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt; background-color: white">The following are
the events that occurred subsequent to March 31, 2022:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Public Hearing &ndash; SE Resolutions Nos.
235 and 236/2022, see Note 2.a;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Approval of values of the electricity rate
schedule &ndash; ENRE Resolution No. 146/2022, see Note 2.a;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Debt restructuring, see Note 33.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="width: 30%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Calibri,sans-serif; width: 100%; text-align: center"><FONT STYLE="font-family: Arial,sans-serif"><B>NEIL BLEASDALE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="text-align: center; font: 12pt Arial,sans-serif; margin-top: 5pt; margin-bottom: 5pt"><B>Chairman</B></P>
    <P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P></TD></TR>
  </TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>



<!-- Field: Page; Sequence: 37; Options: NewSection; Value: 34 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt">&nbsp;<IMG SRC="ednfs1q226k_002.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">Free translation from the original in Spanish for publication in Argentina</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>REPORT ON CONDENSED INTERIM FINANCIAL STATEMENTS&rsquo; REVIEW</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">To the Shareholders, President and Directors</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">Empresa Distribuidora y Comercializadora Norte Sociedad An&oacute;nima (Edenor
S.A.)</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">Legal address: Avenida del Libertador 6363</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">Autonomous City of Buenos Aires</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">Tax Code No. 30-65511620-2</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Introduction</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">We have reviewed the condensed interim financial statements of Empresa Distribuidora
y Comercializadora Norte Sociedad An&oacute;nima (Edenor S.A.) (hereinafter &ldquo;Edenor S.A.&rdquo; or &ldquo;the Company&rdquo;) including
the condensed interim statement of financial position as of March 31, 2022, the related condensed interim statement of comprehensive income
for the three months period ended March 31, 2022, the related condensed interim statements of changes in equity and cash flows for the
three months period then ended and the complementary selected notes.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">The balances and other information related to fiscal year 2021 and its interim
periods, are an integral part of the financial statements mentioned above; therefore, they must be considered in connection with these
financial statements.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Board of Directors&rsquo; responsibility</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">The Board of Directors of the Company is responsible for the preparation
and presentation of these financial statements, under International Financial Reporting Standards (IFRS) adopted by the Argentine Federation
of Professional Councils in Economic Sciences (FACPCE), as the applicable accounting framework and incorporated by the National Securities
Commission (CNV) to its standards, as they were approved by the International Accounting Standards Board (IASB), and, therefore, it is
responsible for the preparation and presentation of the condensed interim financial statements mentioned in the first paragraph in accordance
with IAS 34 &ldquo;Interim financial information&rdquo;.</P>

<P STYLE="font: 9pt/11pt Georgia,serif; margin: 6pt 0 0">Price Waterhouse &amp; Co. S.R.L., Bouchard 557, piso 8&deg;, C1106ABG - Ciudad
de Buenos Aires</P>

<P STYLE="font: 9pt/11pt Georgia,serif; margin: 0">T: +(54.11) 4850.0000, F: +(54.11) 4850.1800, www.pwc.com/ar</P>

<!-- Field: Page; Sequence: 38 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt">&nbsp;<IMG SRC="ednfs1q226k_002.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Auditors&rsquo; responsibility</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">Our review was limited to the application of the procedures established
in International Standard on Review Engagements 2410 &ldquo;Review of interim financial information performed by the independent auditor
of the entity&rdquo;, which was adopted as review standard in Argentina through Technical Pronouncement No. 33 of the FACPCE as was approved
by International Auditing and Assurance Standards Board (IAASB). A review of interim financial information consists in making inquiries
of Company staff responsible for the preparation of the information included in the condensed interim financial statements and the application
of analytical procedures and other review procedures. This review is substantially less in scope than an audit in accordance of International
Standards on Auditing, consequently, this review does not allow us to obtain assurance that we would become aware of all significant matters
that might be identified in an audit. Therefore, we do not express any opinion on the financial position, comprehensive income and cash
flows of the Company.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Conclusion</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">Based on our review, nothing has come to our attention that causes us to
believe that the condensed interim financial statements mentioned in the first paragraph of this report are not prepared, in all material
respects, in accordance with IAS 34.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Emphasis of matter paragraph</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">Without qualifying our conclusion, we draw the attention to the situation
explained in Note 1 in relation to the economic and financial situation of Edenor S.A. The Company&rsquo;s current economic and financial
situation raises substantial doubt about its ability to continue as a going concern.</P>

<!-- Field: Page; Sequence: 39 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt">&nbsp;<IMG SRC="ednfs1q226k_002.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt"><B>Reports on compliance with regulations in force</B></P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">In accordance with current regulations, we report that, in connection with
Empresa Distribuidora y Comercializadora Norte Sociedad An&oacute;nima (Edenor S.A.):</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt 14.2pt; text-indent: -14.2pt">a) except for its lack of transcription to
the book &ldquo;Inventories and Balances&rdquo;, the condensed interim financial statements of Edenor S.A. comply, in what is within our
competence, with the provisions of the General Companies Law and in the relevant resolutions of the National Securities Commission;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt 14.2pt; text-indent: -14.2pt">b) the condensed interim financial statements
of Edenor S.A. arise from accounting records kept in their formal aspects in accordance with legal regulations, except for their lack
of transcription to the Inventory and Balance Book, and the Daily Book (transcription to the Inventories and Balance CD ROM Book from
January to March);</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt 14.2pt; text-indent: -14.2pt">c) we have read the summary of activity on
which, as regards those matters that are within our competence, we have no observations to make;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt 14.2pt; text-indent: -14.2pt">d) at March 31, 2022 the liabilities of Empresa
Distribuidora y Comercializadora Norte Sociedad An&oacute;nima (Edenor S.A.) accrued in favor of the Argentine Integrated Social Security
System, according to the Company&rsquo;s accounting records, amounted to ARS$ 802,996,418, none of which was claimable at that date.</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">Autonomous City of Buenos Aires, May 12th, 2022</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 30%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt; text-align: center">PRICE WATERHOUSE &amp; CO. S.R.L.</P>
    <P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>
    <P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt; text-align: right">(Socio)</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 100%; text-align: center; font-family: Calibri,sans-serif; line-height: 115%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt; line-height: 115%">C.P.C.E.C.A.B.A&nbsp;&nbsp;T&deg;1 &ndash; F&deg;17</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center; font-family: Calibri,sans-serif; line-height: 115%"><P STYLE="margin-top: 0; margin-bottom: 0">Dr. Ra&#250;l Leonardo Viglione</P>
                                                        <P STYLE="margin-top: 0; margin-bottom: 0">Contador P&#250;blico (UCA)</P>
                                                        <P STYLE="margin-top: 0; margin-bottom: 0">C.P.C.E.C.A.B.A. T&#176; 196&#160; F&#176; 169</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial,sans-serif; margin: 0 0 10pt">&nbsp;</P>



<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P style="BACKGROUND: white; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center></P>

<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="font: 9pt Verdana; text-align: right">&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0in 0in 0pt; background-color: white; text-align: center; text-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 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 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>

<DIV align=center>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="48%">

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

   <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>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="48%">

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

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

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

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%">

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

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="48%">

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

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

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

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%">

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

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="48%">

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

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

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

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%">

   <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/ Germ&aacute;n Ranftl</FONT></U></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%" colSpan=2>

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

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="times new roman">Germ&aacute;n Ranftl</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%" colSpan=2>

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

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="50%">

   <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 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>

<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Date:
May 13, 2022</FONT></P>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>ednfs1q226k_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ednfs1q226k_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #L AL# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BH+J]M;*/?=7$<*]B[ 9^E9+>,-"5]IO<GU$;X_
ME64Z]*F[3DEZM&%3$T:3M4FD_-HW:*IV>JV&H<6MW%*W]T'YORZU<JXSC-7B
M[HUA.,US0=UY!1115%!1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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MRNVV06=G!86D=M;1B.)!A5%3T45Y[;;NSU$DE9!1112&%%%% !1110 4444
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M .@^=:^?*Y\(^:#?FS?%*TDO([+X6_\ (^V7^Y+_ .@-7T%7S[\+?^1]LO\
M<E_] :OH*N7'?Q%Z'3@_X?S"BBBN,ZCYL\=($\;ZN%&!]H8_GS7/5T7CS_D>
M=7_Z[G^0KG:]ZG\"]$>+/XWZGNLUXUO\$UF!()T]8LY_O83^M>%5[-J__)"X
M/^N$/_HP5XS6&%6DO5FV(>L?1'2> ;1;WQSI43+E5F\PY_V06_I7TA7S[\+O
M^1^L?]R7_P!%M7T%7+CG^\2\CIP:]QOS"BBBN(ZSQSXT6BIJ>EW@7YI87C)_
MW2"/_0J\NKU_XUX^RZ-Z[Y<?DE>05[.%=Z2/)Q*M59[-\%[HOI&IVA/$4ZR
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M&+7SW7T)\3_^1!O_ />B_P#1BU\]UZ."_AOU.#&?Q/D=E\+?^1]LO]R7_P!
M:OH*OGWX6_\ (^V7^Y+_ .@-7T%7-COXB]#HP?\ #^84445QG4?-OCS_ )'G
M5_\ KN?Y"N=KHO'G_(\ZO_UW/\A7.U[U/X%Z(\6I\;]3W*6V-W\$1&!DBQ63
M_ODAOZ5X;7TCX/A2Y\ Z9!*NZ.2TV,/4'(-?/NM:9-HVLW>G3@[X)"F3_$.Q
M_$8/XUS867O3CYG1B8^[&7D:W@"Z6S\=:5(S85I?+_[Z!4?J:^CZ^3HI7@F2
M:-BLB,&5AU!'0U]$^$?&NG^)K"(&9(M1"@2V['!)[E?4']*SQM-MJ:-,'42O
M%G4445GZOKFG:%9M<ZC=)"@&0I/S/[*.I->>DV[([6TE=GEOQINE;4=*M WS
M1Q/(1_O$ ?\ H)KRVMGQ3KTGB3Q!<ZDZE$<[8D)^X@X _K]2:QNIKVZ,'"FH
ML\BK/GFY(]E^"]J4TG4[HCB29(P?]T$_^S5Y+JG_ "%KS_KL_P#,U]#^!M&;
M0O"-E:R+MG9?-E!ZAFYP?H,#\*^>-4_Y"UY_UV?^9K##RYJLVC:O'EIP3*@Z
MU]66'_(.M?\ KBG\A7RF.M?5EA_R#K7_ *XI_(5GC]HEX+>18HHHKSCO"BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *1E#J
M58 J1@@]"*6B@#Y_\>^")_#6H/=6T;/I<S9C<#/E$_P-_0]ZXNOK">"*Y@>&
M>-)8G&UD=<AAZ$5Y[K?PATN]D>;2[F2Q=N?+(\R/\.<C\S7I4<8K6J?><%7"
MN]X'B-&:]!N?@_XAB<^3-93KV(D*G\B*KI\)O$[-@QVJ#U:88_3-=7MZ7\R.
M;V-3^4X:MSP?=75GXNTN6S#&4W"IM7^)2<,/R)KM]/\ @O=,RMJ.JPQKW6!"
MY_,XQ^5=_P"'?!.B^&3YEG 7N<8-Q,=S_AV'X"L*N*IJ+2U-:>&J-IO0Z*J6
MKZ7;:UI-SIUVN89TVG'53V(]P<&KM%>6FT[H])JZLSYC\1^'+_PSJ;V=[&<=
M8I0/ED7U'^':L>OJ?5-(L-:LFM-0MDGA;LPY4^H/4'Z5YAK7P;?>TFBWZE3R
M(;K@CZ,!S^5>G2QD9*T]&>=5PLD[PU1Y4DTD>=DC+GT.*1G=SEV+'U)KL9?A
M9XKC;"V44@]5G3^II\/PI\4RD![>WA]Y)U_IFNCVU/?F1C[*I_*SB:Z;P7X2
MN?%.KHFUDL8B&N)NP']T'U/_ ->NXT?X-1QR+)K&H>8!R8;88!_X$>?TKTS3
M].L]*LTM+&W2"!.B(/U/J?>N:MC(I6AJS>EA9-WGL3Q11P0I%$@2-%"JHZ #
M@"N5\>^$!XJTE?(*KJ%MEH&/ 8'JA/O_ #_&NMHKSH3<)<RW.^45*/*SY0N;
M:>SN9+:YB>*:-MKHXP5-15]+>(?!^C^)D_TZWQ.!A;B([9!^/<>QS7G6H_!B
M]1F;3=3@E7LLZE#^8SG]*]2GC*<E[VC/.GA9Q?NZH\NS1FNY?X3>*%.!':O[
MK,/ZU9M?@_X@E8>?/90+W)D+'\@/ZUK]8I?S(R]C4_E//:]V^$=U=W'A%XK@
M,8H+AD@9NZD D#Z$G\ZJZ1\'M*M7634[N:]8<^6H\M#]>I/YBO0[6U@LK:.V
MM84A@C&U(T& HKCQ6(A./+$Z\/0G"7-(Y3XG_P#(@W_^]%_Z,6OGNOI+QSI-
MYKGA.[T^Q17N)&0JK,%'#@GD^PKR-?A5XJ9@#:PJ#W,ZX'Y&KP=2$:;4G;4C
M%0E*=TAGPL!/CVS('1)<_P#?!KZ!KB/ G@%?"IDO+N9)]0E39E!\D:]2!GJ3
MZUV]<V*J1J5+Q.G#0<(6D%%%%<QN?-OCS_D>=7_Z[G^0KG:]-\5_#OQ'JOBC
M4+ZUM8V@FE+(3,HR/H33-$^$&J37:/K$T5M;*<LD;[W;V&.!]<_A7LQKTXP5
MWT/)E1J2F[(]+\$@KX*T@$8_T937.?$KP0^NVXU73H]VH0+M>,=9D]O]H?J/
MPKOH(([:WC@A0)%&H1%'0 # %25Y<:KC4YXGI.FI0Y&?)C*R.4=2K*<$$8(-
M )4@@D$=Q7T3XE^'^B^)&:>2-K:\/6XAP"Q_VAT/\_>O.[_X.ZU Y-E=VMU'
MVW$QM^1X_6O3IXNG):NS//GAJD7HKG$KKNKHFQ-5OE7^ZMPX'\ZIS3RW$ADF
ME>1SU9V))KK6^%WBP-C^ST/N)X_\:N6GPC\23N!.;2V7N7EW'_QT&K]M26MT
M9^RJ/2S."KT?X;>!I=2O(M:U&(K8PL'A1A_KF'0_[H_7IZUUOA_X3Z1IDB3Z
MC(VH3+R$9=L0/^[W_$X]J[]55%"JH55&  , "N2OC$URT_O.JCA6GS3%KY6U
M3_D+7G_79_YFOJFO![[X8>*)[^XE2SB*/(S ^>G0GZU&"G&+ES.Q6+A*27*K
MG!CK7U98@C3[8$8(B7(_ 5Y3X8^$EU'?Q7>NRPB&-@PMXVW%R.S'H!],UZ]1
MC*L9M*+O8>%IRA=RZA1117$=84444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
M4 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
(4 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ednfs1q226k_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ednfs1q226k_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !] )0# 2(  A$! Q$!_\0
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M4I=6:]!BNQ&%@N"BL-@/(Z&O<O"_@/PWX.5SHNFI#,XP\[DO(P]-QY ]A@4
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
3!1110 4444 %%%% !1110!__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
