<SEC-DOCUMENT>0001292814-23-002232.txt : 20230511
<SEC-HEADER>0001292814-23-002232.hdr.sgml : 20230511
<ACCEPTANCE-DATETIME>20230511170439
ACCESSION NUMBER:		0001292814-23-002232
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230331
FILED AS OF DATE:		20230511
DATE AS OF CHANGE:		20230511

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:		23912076

	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>ednfs1q23_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">&nbsp;</FONT></P>

<P STYLE="margin: 0in 0in 0pt; text-align: center"><FONT LANG="EN-US" STYLE="font-size: 10pt; line-height: normal; color: black; font-family: times new roman">UNITED STATES</FONT></P>

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

<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="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">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 lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">REPORT OF FOREIGN PRIVATE ISSUER</FONT></P>

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

<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&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">For
the month of&nbsp;May, 2023</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 lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)</FONT></P>

<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 )&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">(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="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">(Jurisdiction
of incorporation or organization)&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">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 lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" color=black face="times new roman">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="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">(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.)&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">&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">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;&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">(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="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">&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">Yes&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;No&nbsp;<U>&nbsp;X&nbsp;&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>.)</FONT></P>

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

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<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><IMG SRC="ednfs1q236k_001.jpg" ALT="" STYLE="height: 189px; width: 431px"></FONT></P>

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

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

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

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

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

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

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>AS OF MARCH 31, 2023 AND FOR THE </B></P>

<P STYLE="font: 14pt Arial,sans-serif; margin: 0; text-align: center"><B>THREE-MONTH PERIOD ENDED MARCH 31, 2023 </B></P>

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">
    <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; padding-right: -3.85pt; 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 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-right: -3.85pt; 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-right: -3.85pt; 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-right: -3.85pt; 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: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif; width: 7%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #0079C0"><B>1 |</B></FONT></TD>
    <TD STYLE="padding-left: 63.8pt; text-indent: -63.8pt; font-family: Calibri,sans-serif; width: 80%"><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; width: 13%"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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 assets</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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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 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">24</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #0079C0"><B>20 |</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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">Allocation of profits</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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">Other 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; vertical-align: top; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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; vertical-align: top; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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">28</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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">29</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; color: #0079C0"><B>27 |</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">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">30</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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">30</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">Related-party transactions</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">30</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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">31</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.1pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt; 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">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">31</FONT></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 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 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: 35.4pt">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-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif"><I><U>Definitions</U></I></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">American Depositary Shares</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">AMBA</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Buenos Aires Metropolitan Area</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Central Bank of Argentina</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Banco de la Naci&oacute;n Argentina</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">City of Buenos Aires</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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; padding-right: 5.4pt; padding-left: 7.1pt">
    <P STYLE="font: 8pt Verdana,sans-serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">Compa&ntilde;&iacute;a Administradora
del Mercado Mayorista El&eacute;ctrico S.A.</P>
    <P STYLE="font: 8pt Verdana,sans-serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt">(the company in charge of the regulation and operation of the wholesale electricity market)</P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">National Securities Commission</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Distribution Own Cost</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Empresa Distribuidora y Comercializadora Norte S.A.</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">National Regulatory Authority for the Distribution of Electricity</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Argentine Federation of Professional Councils in Economic Sciences</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Gigawatt hour</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Accounting Standards</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Accounting Standards Board</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Financial Reporting Interpretations Committee</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">International Financial Reporting Standards</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">IGJ</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; vertical-align: top; padding-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Inspecci&oacute;n General de Justicia (the Argentine governmental regulatory agency of corporations)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">MEM</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">MULC</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">PEN</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">RECPAM</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">RTI</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">SACME</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">SE</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Energy Secretariat</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt; text-align: justify; text-indent: -7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">VAD</FONT></TD>
    <TD STYLE="font: 8pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif">Distribution Added Value</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 8pt Times New Roman,serif; padding-right: 5.4pt; 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-right: 5.4pt; padding-left: 7.1pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 88%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 1 -->
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    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt 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 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 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: April 10, 2023 (Note
30) </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 company
and provider of services related to the distribution of electricity, renewable energies and development of sustainable technology</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: 9pt Verdana,sans-serif; margin: 0 0 0 35.45pt; text-align: justify"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center"><B>AS OF MARCH 31, 2023</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: 72%">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: 27%">&nbsp;Subscribed and paid-in<BR>
(See Note 20)&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: 9pt Verdana,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: 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 30,994,291 treasury shares as of
March 31, 2023 and December 31, 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: 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>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-indent: 15cm">&nbsp;</P>



<!-- Field: Page; Sequence: 5 -->
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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2023</B></P>

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

<P STYLE="font: 10pt 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>

<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: top; text-align: left; width: 56%">&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%">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: 18%">03.31.23</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: 18%">03.31.22</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">&nbsp;69,809</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;62,094</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;(50,419)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(36,723)</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">19,390</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">25,371</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;(17,962)</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;(16,119)</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">1,428</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">9,252</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;(7,699)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,219)</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;(5,857)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,909)</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;2,130</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,293</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;(1,538)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,564)</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;(11,536)</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;(3,147)</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">1</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></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;(37,827)</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;(16,989)</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;3,000</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;(3,137)</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;(34,826)</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;(20,109)</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">&nbsp;40,488</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;24,064</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">&nbsp;(5,874)</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">808</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">26</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;(4,088)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,565)</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;(9,962)</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;(5,757)</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="padding-right: 12px; 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;(9,962)</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;(5,757)</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;(9,962)</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;(5,757)</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;(11.39)</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;(6.58)</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; text-indent: 7.1pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>as of March 31, 2023 presented in comparative form</B></P>

<P STYLE="font: 10pt 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-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; background-color: white; width: 54%">&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: 12%">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: 16%">&nbsp;03.31.23&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: 16%">&nbsp;12.31.22&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;485,794</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;481,988</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">26</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">26</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">Right-of-use assets</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">778</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">861</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;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;4</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;486,601</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;482,879</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;9,276</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,837</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;24,852</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;22,763</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;42,070</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;34,074</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">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">&nbsp;30,404</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;34,939</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">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;7,067</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,984</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;113,669</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;101,597</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;600,270</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;584,476</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 0 0 7.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B><BR STYLE="clear: both">
</B></FONT></P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>as of March 31, 2023 presented in comparative form</B>
<I>(continued)</I></P>

<P STYLE="font: 10pt 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"><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; background-color: white; width: 54%">&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: 12%">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: 16%">&nbsp;03.31.23&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: 16%">&nbsp;12.31.22&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">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">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">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;132,538</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;132,538</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">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">31</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">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">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;2,843</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,843</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">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;1,827</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,827</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">&nbsp;(10,924)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(10,924)</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;9,233</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,233</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;89,419</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;89,419</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;(989)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(989)</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;(81,839)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(71,877)</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;143,014</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;152,976</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">22</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;1,026</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,120</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">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;20,248</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;21,288</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">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;23,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;17,696</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;3,666</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,477</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">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;1,030</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">939</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;2,433</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,265</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">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;139,101</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;135,013</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">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">&nbsp;5,749</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,760</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;196,861</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;189,558</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">22</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;240,428</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;218,882</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">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;7,689</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,697</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">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;1,056</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">224</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">44</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">54</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">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;7,281</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,369</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">234</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">285</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">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;1,986</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,604</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">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">&nbsp;1,677</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,827</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;260,395</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;241,942</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;457,256</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;431,500</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;600,270</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;584,476</TD></TR>
  </TABLE>
<P STYLE="font: 8pt Times New Roman,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">The accompanying notes are an integral part of the Condensed Interim
Financial Statements.</P>



<!-- Field: Page; Sequence: 8 -->
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    <!-- Field: /Page -->


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

<P STYLE="font: 10pt 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2023 </B></P>

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

<P STYLE="font: 10pt 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: 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, 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">132,525</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">2,856</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">1,816</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">(10,924)</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">9,233</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">89,419</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">(472)</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">(50,613)</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">174,746</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">(5,757)</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">(5,757)</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 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">132,525</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">2,856</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">1,816</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">(10,924)</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">9,233</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">89,419</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">(472)</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">(56,370)</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">168,989</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 STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other Reserve Constitution - Share-bases compensation plan</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">11</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-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">11</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Payment of Other Reserve Constitution - Share-based compensation plan</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">13</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">(13)</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: 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">(11)</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-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">-</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">(517)</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">(517)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Loss for the nine-month complementary 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">(15,507)</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">(15,507)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at December 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">132,538</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">2,843</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">1,827</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">(10,924)</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">9,233</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">89,419</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">(989)</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">(71,877)</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">152,976</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">&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; 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">&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; 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-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(9,962)</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">(9,962)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">Balance at March 31, 2023</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">132,538</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">2,843</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">1,827</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">(10,924)</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">9,233</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">89,419</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">(989)</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">(81,839)</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">143,014</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; text-indent: -21.3pt">&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 -->
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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2023 </B></P>

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

<P STYLE="font: 10pt 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: 64%">&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%">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: 14%">03.31.23</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: 14%">03.31.22</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">(9,962)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,757)</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">6,090</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">5,560</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;267</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;300</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;90</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;152</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">37,826</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">16,960</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">(1,002)</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">(919)</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;136</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;122</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">26</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">4,088</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">6,565</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;720</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;800</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;95</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;91</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">28</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;488</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">1,682</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">(4,594)</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">1,774</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;910</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;540</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">(24)</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">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">1,363</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">1,150</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">(40,488)</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">(24,064)</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">(13,786)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,074)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase 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">(6,763)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(476)</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">(1,353)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(92)</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">2</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">28,432</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,092</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Decrease 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">(1,800)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,025)</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">(338)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(184)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Increase (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">&nbsp;667</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(339)</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;614</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,373</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">28</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">(95)</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">(406)</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">1,594</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">10,803</TD></TR>
  </TABLE>

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



<!-- Field: Page; Sequence: 10 -->
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    <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 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 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 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 Arial,sans-serif; margin: 0 2.85pt 0 0; text-align: center"><B>for the three-month period ended March 31, 2023 </B></P>

<P STYLE="font: 10pt 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 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: 64%">&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%">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: 14%">03.31.23</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: 14%">03.31.22</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, plant 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">(8,918)</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">(4,696)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; text-align: left">Sale (Purchase) net of Mutual funds and negotiable instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,024</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,669)</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">(2,894)</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">(7,365)</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">Proceeds from borrowings</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">6,655</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; 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">(442)</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">(384)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; background-color: white">Payment of Corporate Notes issuance expenses</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">(228)</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; text-align: left; background-color: white">Net cash flows generated by (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">5,985</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">(384)</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">4,685</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">3,054</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">19</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">1,984</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">7,522</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;416</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;571</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">(18)</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">4,685</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,054</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">19</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">7,067</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">11,145</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">(1,068)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(788)</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">(185)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(333)</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>


<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>



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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>1 |</B></FONT><B> General information</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">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, mainly as a consequence of the insufficient adjustments of the electricity rate since February 2019
-which did not comply with the terms agreed upon in the last RTI-, and the constant increase of both the operating costs and the costs
of the investments necessary to maintain the quality of the service; all this in addition to the 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">Although in the last two years the values
of the Company&rsquo;s electricity rate schedules suffered changes, they have been insufficient to cover the economic and financial needs
of the Distribution Company in a context of growing inflation, with the annual rate surpassing 100%, inasmuch as most of them implied
only the passing through of the seasonal prices without improving revenues from the CPD. 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">Additionally, 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 financial or free markets, 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>

<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">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.</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 its economic and financial equation due to the long overdue adjustment of rates
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 were
partially regularized, but as of March 31, 2023 accumulated a past due principal balance of $ 71,533, plus interest and charges for $111,597.
In this regard, the maturities taking place in March and April 2023 were paid in full.</P>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt">&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 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 has taken, and continues to analyze, different measures aimed at mitigating
the negative effects of this situation on its financial structure, thereby minimizing the impact on the sources of employment, on the
execution of the investment plan and on the carrying out of the necessary operation, maintenance and improvement-related works in order
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 Company&rsquo;s 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, taking into consideration the
signing of the Memorandum of Agreement in December 2022 and the issuance of ENRE Resolution No. 241/2023, which authorized increases in
the VAD of 107.8% and 73.7% as from April and June, respectively (Note 2.b to the Financial Statements as of December 31, 2022), 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 its distribution networks, due to the essential service it provides.</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>Nota</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, 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: 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 25, 2023, by means of Resolution
No. 363/2023, the ENRE resolved to commence as from June 1, 2023 the Tariff Structure Review (RTI) Process for electricity distribution
companies under national jurisdiction, in compliance with the provisions of Law No. 24,065 and Law No. 27,541 on Social Solidarity and
Productive Reactivation in the framework of the Public Emergency, as amended and complemented.</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">Furthermore, on April 29, 2023, by means
of Resolution No. 323/2023, the SE approved the Winter Seasonal Programming for the MEM submitted by CAMMESA, relating to the May 1, 2023-October
31, 2023 period. In line with that, on May 4, 2023, by means of Resolution No. 399/2023, the ENRE approved 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, 2023.</P>

<P STYLE="font: 10pt 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>Memorandum of Agreement on Regularization
of Payment Obligations &ndash; Debt for the purchase of energy in the MEM</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">With regard to the Memorandum of Agreement
entered into by the Company, the Federal Government, the ENRE and CAMMESA on December 29, 2022, at the date of issuance of these condensed
interim financial statements, the defined Payment plan is still pending ratification by the Energy Secretariat.</P>

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


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Pursuant to Article Six of the Memorandum
of Agreement, the payment of all the obligations when due has as a condition precedent that the ENRE grant an increase in the VAD, which
also implies the approval of the payment schedule, independently of the readjustment of the electricity rate; therefore, the event required
in order for the substitution of the debt (novation) to take place has not completely occurred and the impact thereof is not recognized
in the current period.</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>c)</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; text-indent: 35.45pt">&nbsp;</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.d to the Financial Statements as of December 31, 2022, in January 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 Distribution 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, 2023, negotiations are still
underway between the Company and the Energy Secretariat 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 $ 3,044, of which $ 1,544 is pending crediting, relating to the reports
on progress of the works performed.</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">Furthermore, with regard to the &ldquo;Agreement
on Recognition of Electricity Consumption in Vulnerable Neighborhoods of the Province of Buenos Aires&rdquo;, entered into by the parties
in order to settle the amounts relating to the cost of the consumption of electricity recorded by the collective meters, January-December
2021 period, on March 21, 2023, the Federal Government&rsquo;s portion was effectively settled in accordance with CAMMESA&rsquo;s statement
of accounts.</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>Nota</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, 2023 have been prepared in accordance with the provisions of IAS 34 &ldquo;Interim Financial
Reporting&rdquo;. They were approved for issue by the Company&rsquo;s Board of Directors on May 10, 2023.</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">By means of General Resolution No. 622/2013,
the CNV provided for the application of Technical Resolution No. 26 of the FACPCE, which adopts the IFRS issued by the IASB, for those
entities that are included in the public offering system of Law No. 17,811, as amended, whether on account of their capital or their corporate
notes, or have requested authorization to be included in the aforementioned system.</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 condensed interim financial statements
include all the necessary information in order for the users to properly understand the relevant facts and transactions that have occurred
subsequent to the issuance of the last Financial Statements for the year ended December 31, 2022 and until the date of issuance of these
condensed interim financial statements. 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, 2023 and its comparative
period as of March 31, 2022 do not necessarily reflect the Company&rsquo;s results in proportion to the full fiscal year. Therefore, the
condensed interim financial statements should be read together with the audited Financial Statements as of December 31, 2022 prepared
under IFRS.</P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Company&rsquo;s condensed interim financial
statements are measured in pesos (the legal currency in Argentina) restated in accordance with that mentioned in this Note, which is also
the presentation currency.</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>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, 2022, 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, 2023, 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, 2023,
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, 2023 - March 31, 2023 period was 21.7%.</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>Nota</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, 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"><FONT STYLE="letter-spacing: -0.15pt">Detailed
below are the accounting standards, amendments and interpretations </FONT>issued by the IASB in the last few years that are effective
as of March 31, 2023 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;IFRS 17 &ldquo;Insurance contracts&rdquo;,
issued in May 2017 and amended in June 2020 and December 2021. It replaces IFRS 4, introduced as an interim standard in 2004, which allowed
entities to account for insurance contracts using their local accounting requirements, resulting in multiple application approaches. IFRS
17 sets the principles for the recognition, measurement, presentation, and disclosure of insurance contracts.</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 1 &ldquo;Presentation of financial statements&rdquo;,
amended in January and July 2020, February 2021 and October 2022. It incorporates amendments to the classification of liabilities as current
or non-current. It also incorporates the requirement that an entity disclose its material accounting policies rather than its significant
accounting policies. It explains how a company can identify a material accounting policy.</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 8 &ldquo;Accounting policies, changes
in accounting estimates and errors&rdquo;, amended in February 2021. It replaces the definition of accounting estimates. Under the new
definition, accounting estimates are monetary amounts in the financial statements that are subject to measurement uncertainty.</P>


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 1cm">-&#9;IAS 12 &ldquo;Income tax&rdquo;, amended
in May 2021. It clarifies how an entity accounts for deferred tax on transactions such as leases and decommissioning obligations.</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>

<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: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Nota</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 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: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>5.1 |</B></FONT><B> Financial risk factors </B></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&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-align: justify; text-indent: 0.5in">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 Arial,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.4pt">As of&nbsp;March 31, 2023 and December
31, 2022, 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="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; 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>
12.31.21</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-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">&nbsp;33.5</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: center; background-color: white">208.610</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;6,988</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">4,157</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white">Financial assets at fair value through profit or loss</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">USD</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">&nbsp;63.3</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: center; background-color: white">208.610</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;13,205</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">17,600</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">&nbsp;0.5</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: center; background-color: white">208.610</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">104</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">42</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; 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; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;20,297</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">21,799</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; 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-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right; background-color: white">&nbsp;20,297</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">21,799</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">NON-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">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">113.0</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">209.010</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;23,608</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">17,696</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">TOTAL NON-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: 11pt Calibri, 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-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;23,608</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 0.5pt solid; text-align: right; background-color: white">17,696</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">&nbsp;11.8</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">209.010</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;2,466</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">3,818</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">&nbsp;0.3</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">226.154</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">68</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">46</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">CHF</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;0.3</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">228.747</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">69</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">&nbsp;5.1</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: center; background-color: white">209.010</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;1,056</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">224</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">&nbsp;1.3</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">209.010</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">274</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">278</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;3,933</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">4,366</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;27,541</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">22,062</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 21.3pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></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, 2023 for United States dollars (USD), Euros (EUR) and Swiss francs (CHF).</FONT></TD></TR></TABLE>



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    <!-- Field: /Page -->

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

<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 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, 2023 and December 31, 2022:</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: 74%">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; font-weight: bold; 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: 25%">&nbsp;LEVEL 1&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="padding-left: 24px; 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, 2023</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">Assigned assets and in custody</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;6,721</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">Negotiable instruments</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;2,598</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">27,806</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;6,004</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">43,129</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>
    <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-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;LEVEL 1&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-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 December 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">Assigned assets and in custody</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;5,691</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">Negotiable instruments</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">16,696</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">18,243</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">928</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">41,558</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 78pt; text-align: justify; text-indent: 35.45pt"><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>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt">&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, 2023 and December 31, 2022 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>

<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>Nota</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,
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: 0"></TD><TD STYLE="width: 49.65pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9pt; color: #0070C0"><B>Nota</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 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 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, 2022, 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 March 30, 2023, the Federal Court
of Appeals of San Mart&iacute;n revoked the lower court decision and admitted the arguments contained in the appeal filed by the AFIP
(Federal Administration of Public Revenues). Therefore, the case is sent back to the Court of original jurisdiction for further investigation.</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. Consequently, no liabilities whatsoever have been recorded
for this matter as of March 31, 2023.</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>


<!-- Field: Page; Sequence: 18 -->
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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>8 |</B></FONT><B> Revenue from sales and energy purchases </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">We provide below a brief description of the
main services provided 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"><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: 17%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; 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: 83%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; 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; padding-right: 5.4pt; padding-left: 5.4pt; 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; padding-right: 5.4pt; padding-left: 5.4pt; 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="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Large demand segment (T3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; 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; padding-right: 5.4pt; padding-left: 5.4pt">
    <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; padding-right: 5.4pt; padding-left: 5.4pt; 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 the available transmission capacity within its distribution system upon payment of a wheeling fee. </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">The KWh price relating to the Company&rsquo;s
sales of electricity is determined by the ENRE by means of the periodic publication of electricity rate schedules (Note 2), for those
distributors that are regulated by the aforementioned Regulatory Authority, based on the rate setting and adjustment process set forth
in the Concession Agreement.</P>

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

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

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><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: 17%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; 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: 83%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; 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 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; padding-right: 5.4pt; padding-left: 5.4pt; 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; padding-right: 5.4pt; padding-left: 5.4pt; 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>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 19 -->
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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><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: 17%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Energy purchase </FONT></TD>
    <TD STYLE="width: 83%; border-top: #7F7F7F 1pt solid; border-bottom: #7F7F7F 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; 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 SE. 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; padding-right: 5.4pt; padding-left: 5.4pt">
    <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; padding-right: 5.4pt; padding-left: 5.4pt; 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: center; text-indent: 14.2pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; text-indent: 14.2pt"><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="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">03.31.23</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">03.31.22</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 48%">&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: 11%">$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">$</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">3,856</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;41,801</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">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;34,893</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">431</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;7,189</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">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;6,356</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">989</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;17,644</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">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;17,436</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">1,212</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;2,832</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">1,103</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;2,994</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">6,488</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;69,466</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">5,470</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;61,679</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">&nbsp;323</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;377</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Connection and reconnection charges</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;20</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;38</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">&nbsp;343</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">&nbsp;415</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;69,809</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;62,094</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, 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 COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">03.31.23</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">03.31.22</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; border-bottom: Black 0.5pt solid; text-align: center">GWh</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: center">$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">GWh</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">$</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">&nbsp;7,726</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">(50,419)</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">&nbsp;6,351</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">(36,723)</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; text-indent: 14.2pt"><B>&nbsp;</B></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: 35.25pt"></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">As of March 31, 2023 and 2022, the cost of
energy purchases includes technical and non-technical energy losses for 1,238 GWh and 881 GWh, respectively.</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><BR STYLE="clear: both">
</FONT></TD></TR></TABLE>



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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>9 |</B></FONT><B> Expenses by nature </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; 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 0 0 35.45pt; text-align: justify; text-indent: 7.1pt">&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 03.31.23</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: 40%">&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: 14%">&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: 14%">&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: 14%">&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: 14%">&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">6,446</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;865</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,942</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">9,253</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;634</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;85</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">191</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;910</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;161</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;261</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</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;423</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;720</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;720</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">1,265</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">139</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">1,404</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">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">297</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;297</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;287</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;26</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">163</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">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">3,598</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,699</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,253</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">7,550</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;635</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;635</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;327</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;327</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Reimbursements to personnel&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;1</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</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">4,790</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;714</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">586</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">6,090</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;27</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;53</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">187</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;267</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">27</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;27</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;753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,419</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">2,172</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;895</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">51</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;946</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">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">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;20</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 03.31.23</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">17,962</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">7,699</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;5,857</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">31,518</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; 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-indent: -7.1pt">&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, 2023 for $ 1,354.5.</P>

<P STYLE="font: 9pt Verdana,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: 40%">&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: 14%">&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: 14%">&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: 14%">&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: 14%">&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">6,329</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;964</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,780</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">9,073</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;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;57</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">106</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;540</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;101</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;300</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;401</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;800</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;800</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">1,132</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">112</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">1,244</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">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;-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">338</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;340</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;354</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;40</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28</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;422</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">2,385</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,629</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,714</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">5,728</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;409</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;409</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;211</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;211</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Reimbursements to personnel&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">-</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></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">4,373</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;652</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">535</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">5,560</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;30</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;60</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">210</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;300</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">22</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;22</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">1,036</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,175</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">2,211</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;922</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">49</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;971</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">15</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;15</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">16,119</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">7,219</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;4,909</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">28,247</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></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 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 $ 1,236.5.</P>


<!-- Field: Page; Sequence: 21 -->
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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>10 |</B></FONT><B> Other operating income (expense), net </B></TD></TR></TABLE>
<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 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: center; width: 52%">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 6%">Note</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; background-color: white; width: 20%">03.31.23</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: 20%">03.31.22</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: justify">&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: justify">&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">1,002</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">919</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Commissions on municipal taxes collection</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-family: Arial, sans-serif; vertical-align: middle; text-align: right">216</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">211</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: justify">&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; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">29</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: justify">&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">241</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">141</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: top; text-align: justify">&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">24</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: justify">&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">&nbsp;-</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">19</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.c</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">605</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">938</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: justify">&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">21</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">12</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: justify">&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">2,130</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">2,293</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: justify">&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="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: justify">&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">(124)</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">(67)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Cost for services provided to third parties</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-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(243)</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">(38)</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: justify">&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">(26)</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">(22)</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: justify">&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">(612)</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">(579)</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">28</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">(488)</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">&nbsp;(1,682)</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">(16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&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: bottom; text-align: left">Other</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: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(29)</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">(24)</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: justify">&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;(1,538)</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;(2,564)</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>Nota</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
finance costs</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-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; text-align: left; width: 58%">&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; background-color: white; width: 20%">03.31.23</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: 20%">03.31.22</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="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="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 0.5pt solid; text-align: right">1</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: top; border-bottom: Black 0.5pt solid; text-align: right">17</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; 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="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="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34,007)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,409)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Interest and other&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,818)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,565)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Fiscal interest</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Bank fees and expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12)</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="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">(37,827)</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">(16,989)</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; 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="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>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Changes in fair value of financial assets</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,594</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,774)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Exchange differences</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(122)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Adjustment to present value of receivables</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(95)</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Other financial costs (*)</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,363)</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,150)</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="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">3,000</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">(3,137)</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="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">(34,826)</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">(20,109)</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 0 0 49.65pt">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 49.65pt">(*) As of March 31, 2023 and 2022, $ 1,363 and $ 1,150, respectively, relate
to EDELCOS S.A. technical assistance.</P>

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


<!-- Field: Page; Sequence: 22 -->
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    <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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>12 |</B></FONT><B> Basic and diluted loss per share </B></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 70.9pt"><B><I>&nbsp;</I></B></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, 2023 and 2022, 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: 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">&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%">03.31.23</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%">03.31.22</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">(9,962)</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;(5,757)</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">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">(11.39)</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;(6.58)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 21.3pt">&nbsp;</P>


<!-- Field: Page; Sequence: 23 -->
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    <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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>13 |</B></FONT><B> Property, plant and equipment </B></TD></TR></TABLE>

<P STYLE="font: 12pt Arial Unicode MS,sans-serif; margin: 5pt 0">&nbsp;</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 12.31.22&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">13,517</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,514</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;314,200</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;138,244</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">35,857</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">109,347</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,466</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">739,145</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;(3,075)</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;(46,085)</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;(129,906)</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;(58,692)</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">(19,399)</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">(257,157)</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">10,442</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">80,429</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;184,294</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;79,552</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">16,458</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">109,347</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">1,466</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">481,988</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">12</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">20</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">909</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">73</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,972</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">9,986</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">(17)</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;(56)</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)</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">(90)</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">283</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">315</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,800</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,514</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;125</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,155)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;118</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">(134)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,149)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,653)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,374)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(780)</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">(6,090)</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 03.31.23&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">10,586</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">79,595</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;185,405</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;80,584</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">15,876</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">112,164</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">1,584</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">485,794</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 03.31.23&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">13,791</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,829</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;317,814</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;140,639</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">36,056</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">112,164</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,584</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">748,877</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;(3,205)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(47,234)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(132,409)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(60,055)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(20,180)</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">(263,083)</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">10,586</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">79,595</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;185,405</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;80,584</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">15,876</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">112,164</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">1,584</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">485,794</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 35.45pt; text-align: center; text-indent: -1cm"><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 35.45pt; text-align: center; text-indent: -1cm"><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, 2023, the Company capitalized as direct
own costs $ 1,354.5.</FONT></TD></TR></TABLE>



<!-- Field: Page; Sequence: 24 -->
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    <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 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 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 -->

<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">13,464</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">120,882</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;301,015</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;130,801</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28,290</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">103,429</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,144</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">699,025</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;(2,868)</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;(41,783)</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;(120,480)</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;(53,779)</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">(16,826)</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">(235,736)</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">10,596</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">79,099</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;180,535</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;77,022</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">11,464</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">103,429</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">1,144</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">463,289</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">32</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;9</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">193</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;193</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,057</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">5,484</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">&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; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(125)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(27)</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">(152)</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">35</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,853</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,164</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,221</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,227)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;944</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">(69)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,042)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,549)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,275)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(625)</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">(5,560)</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">10,594</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">78,067</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;182,723</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;77,077</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">12,253</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">100,259</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">2,088</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">463,061</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">13,531</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">120,892</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;305,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;132,114</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">29,704</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">100,259</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,088</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">704,260</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;(2,937)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(42,825)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(122,949)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(55,037)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(17,451)</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">(241,199)</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">10,594</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">78,067</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;182,723</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;77,077</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">12,253</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">100,259</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">2,088</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">463,061</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: 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, 2022, the Company capitalized as direct
own costs $ 1,236.5.</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="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence -->&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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>14 |</B></FONT><B> Right-of-use assets </B></TD></TR></TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; 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"><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: 62%">&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: 18%">&nbsp;03.31.23&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: 18%">&nbsp;12.31.22&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Right-of-use assets 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">778</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">861</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: justify; text-indent: 35.45pt">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: 62%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 18%">&nbsp;03.31.23&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: 18%">&nbsp;03.31.22&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;861</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">1,009</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;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;333</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">(267)</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">(300)</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;778</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">1,042</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>

<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>Nota</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; 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: 62%">&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: 18%">03.31.23</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%">12.31.22</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;9,276</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;7,836</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">-</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;1</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;9,276</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;7,837</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: 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>Nota</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 0 10pt">&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: 55%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 7%">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: 18%">&nbsp;03.31.23&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: 18%">&nbsp;12.31.22&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">Related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;29.c&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: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3</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-bottom: Black 0.5pt solid; text-align: right">&nbsp;4</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>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Framework agreement <FONT STYLE="font-family: Arial, sans-serif; font-size: 8pt; font-style: normal; font-weight: 400">(1)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;2.c&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;1,544</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;3,371</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Assigned assets and in custody <FONT STYLE="font-family: Arial, sans-serif; font-size: 8pt; font-style: normal; font-weight: 400">(2)</FONT></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;6,721</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,691</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">213</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">254</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">111</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">120</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">186</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&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">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">46</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2</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;7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17</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">302</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">375</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;15,555</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,965</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">216</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 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;4</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">64</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;(53)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(53)</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;24,852</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;22,763</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 1cm"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></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: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">As of March 31, 2023 and December 31, 2022,
$ 1,544 and $ 1,847 relate to the Framework Agreement signed in December 2020 related to the Works Plan of the AMBA&rsquo;s network, and
$ 1,524 relates to the Framework Agreement signed in December 2022 related to the Recognition of consumption in vulnerable neighborhoods,
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: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">As of March 31, 2023 and December 31, 2022,
relate to Securities issued by private companies for NV 14,771,500 and NV 11,771,500, respectively, and cash deriving from the collection
of securities for USD 2,924,022 assigned to and in possession of Global Valores S.A., respectively. The Company retains the risks and
rewards of the aforementioned assets and may make use of them at any time, at its own request.</FONT></TD></TR></TABLE>



<!-- 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="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence -->&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 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 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 10pt">&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 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 non-current other 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-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-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>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 7%">&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: 18%">&nbsp;03.31.23&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: 18%">&nbsp;03.31.22&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-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">53</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">69</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">12</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">18</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;(12)</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;(8)</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">-</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;(18)</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">53</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">61</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 7.1pt; text-align: justify; text-indent: 35.45pt"><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>Nota</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: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 7%">&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: 18%">&nbsp;03.31.23&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: 18%">&nbsp;12.31.22&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;22,369</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,490</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">97</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">349</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">&nbsp;(4,777)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,641)</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;17,689</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;14,198</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 STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Sales of electricity &ndash; Unbilled</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;23,195</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;18,666</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">PBA &amp; CABA government credit</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;1,184</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,207</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: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3</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;42,070</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;34,074</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"></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; 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 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: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 7%">&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: 18%">&nbsp;03.31.23&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: 18%">&nbsp;03.31.22&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; 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-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: right">&nbsp;5,641</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;14,242</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">708</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">800</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;(554)</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;(22)</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;(1,018)</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;(2,012)</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;4,777</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;13,008</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 42.55pt"><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>Nota</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 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>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; text-indent: 28.3pt"><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: 53%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 7%">&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: 19%">&nbsp;03.31.23&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: 19%">&nbsp;12.31.22&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">Negotiable instruments</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;2,598</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;16,696</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;27,806</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;18,243</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;30,404</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;34,939</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center; text-indent: 28.3pt"><B></B></P>


<!-- 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="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR><TR><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence -->&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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>19 |</B></FONT><B> Cash and cash equivalents </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: 49%">&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: 16%">&nbsp;03.31.23&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: 16%">&nbsp;12.31.22&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: 16%">&nbsp;03.31.22&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;1,063</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;1,056</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;3,305</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;6,004</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">928</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;7,840</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;7,067</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;1,984</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;11,145</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: 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>Nota</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">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: 9pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; width: 49%">&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: 16%">&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: 16%">&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: 16%">&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, 2021 and March 31, 2022</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">136,287</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;1,816</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">138,103</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>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Payment of Other reserve constitution - Share-bases compensation plan</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; border-bottom: Black 0.5pt solid; 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; border-bottom: Black 0.5pt solid; text-align: right">11</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 0.5pt solid; text-align: right">11</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at December 31, 2022 and March 31, 2023</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">136,287</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">&nbsp;1,827</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">138,114</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">As of March 31, 2023, 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>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 20, 2023, the Company&rsquo;s Ordinary
and Extraordinary Shareholders&rsquo; Meeting approved the conversion of 355,945 Class C shares into Class B shares, in the framework
of the termination of the Employee Stock Ownership Program, which was authorized by the CNV.</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>Nota</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">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 3.75, 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>

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



<!-- Field: Page; Sequence: 28 -->
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    <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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>22 |</B></FONT><B> Trade payables </B></TD></TR></TABLE>

<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 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: left; width: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; 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: 17%">&nbsp;03.31.23&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: 17%">&nbsp;12.31.22&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">701</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">735</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">325</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">385</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">&nbsp;1,026</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;1,120</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;190,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;173,694</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;42,544</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;28,468</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;6,314</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,722</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Related parties&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;29.c&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">463</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">249</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">604</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">707</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">34</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41</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;1</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;240,428</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;218,882</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: 8pt Arial,sans-serif; margin: 0 28.3pt 0 35.45pt; text-align: justify">(1) As of March 31, 2023, includes $ 4,707 relating
to post-dated checks issued by the Company in favor of CAMMESA.</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, 2023 and December 31, 2022 amount to $ 38.9 and $ 47.4, 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: 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>Nota</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">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: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Note</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top; text-align: justify; 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: 17%">&nbsp;03.31.23&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: 17%">&nbsp;12.31.22&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: 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<FONT STYLE="font-family: Arial, sans-serif; font-size: 8pt; font-style: normal; font-weight: 400">(1)</FONT></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;20,131</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;21,240</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">(2)</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">117</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">48</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;20,248</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;21,288</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;6,924</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,797</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;29.c&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">295</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">324</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">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">16</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">(2)</FONT></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">437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">558</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: 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">20</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; 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 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-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,689</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;7,697</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: 8pt Arial,sans-serif; margin: 0 28.3pt 0 35.45pt; text-align: justify">(1) As of March 31, 2023 and December 31, 2022,
$ 19,840 and $ 20,921, relate to penalties payable to users as stipulated in Article 2 of the Agreement on the Regularization of Payment
Obligations signed in May 2019.</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 Company&rsquo;s other financial
payables approximates their fair value.</P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; text-align: justify">(2) The development of the finance lease liability
is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 35.45pt; 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: 62%">&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: 18%">&nbsp;03.31.23&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; 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: middle; text-align: center; width: 18%">&nbsp;03.31.22&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;606</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;823</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;161</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;298</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">(442)</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">(384)</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;247</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">82</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">90</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">88</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">(108)</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">(114)</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;554</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;793</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 49.65pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B></B></FONT></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>Nota</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">Borrowings</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; text-align: justify; width: 59%">&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: 19%">&nbsp;03.31.23&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: 19%">&nbsp;12.31.22&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 STYLE="vertical-align: top">
    <TD STYLE="font-family: Arial, sans-serif">Corporate notes <FONT STYLE="font-family: Arial, sans-serif; font-size: 9pt; font-style: normal; font-weight: 400">(1)</FONT></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; border-bottom: Black 2pt double; text-align: right">&nbsp;23,608</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;17,696</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-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; 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 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">868</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">224</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Arial, sans-serif">Financial borrowings <FONT STYLE="font-family: Arial, sans-serif; font-size: 9pt; font-style: normal; font-weight: 400">(2)</FONT></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">188</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></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;1,056</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">224</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: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Net of debt issuance, repurchase and redemption
expenses.</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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Relate to Import financing loans taken with
ICBC bank, for USD 893,508. Annual interest rate: 14%.</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 Corporate
Notes as of March 31, 2023 and December 31, 2022 amount approximately to $ 23,789 and $ 17,078.3 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 March 7, 2023, upon the expiration of
the Tender Period of Class No. 2 Additional Corporate Notes, the Company approved the issuance and placement of the Additional Corporate
Notes for a nominal value of USD 30,000,000, as set forth in the Prospectus Supplement dated February 28, 2023. The issuance was above
par, with the issuance total value thus amounting to USD 30,945,000.</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">Furthermore, an amount of $ 228 was disbursed
as issuance expenses of Class No. 2 Additional Corporate Notes.</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 Company is subject to restrictions on
its ability to incur indebtedness pursuant to the terms and conditions of Class No. 2 Corporate Notes due 2024 and Class No. 1 Corporate
Notes due 2025, which indicate that the Company may not incur new Indebtedness, except for certain Permitted Indebtedness or when the
Debt ratio is not greater than 3.75 or less than zero and the Interest Expense Coverage ratio is less than 2. As of March 31, 2023, the
values of the above-mentioned ratios do not meet the established parameters.</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, on March 22, 2023, the Company
convened Meetings of the Holders of Corporate Notes to deal with a consent solicitation so that the Company can provide guarantees in
favor of CAMMESA and thereby comply with the Memorandum of Agreement on the Regularization of Payment Obligations dated December 29, 2022
(Note 2.b).</P>

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


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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In this regard, on April 25, 2023, the waiver
of Section 9.1 of the Indenture pursuant to which the Company&rsquo;s Class No 1 Corporate Notes due October 2025 had been issued was
approved. However, the Extraordinary Meeting of the Holders of Class No. 2 Corporate Notes was not constituted as the quorum required
to call the meeting to order on first call was not present.</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 Company believes that the 2022 Memorandum
of Agreement lowers the risk in terms of reducing a significant account payable and, hence, solicited consents to approve the waiver because
the 2022 Memorandum of Agreement requires a pledge of certain accounts receivable of the Company in order to secure at any time the payment
of up to three installments of the agreed-upon Payment plan (Note 2.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 Company&rsquo;s Corporate Note debt
structure, based on the Tender Orders received, the issuance of the New Corporate Notes and the repayment of Class No. 9 Corporate Notes
-all that in the framework of the restructuring of the Company&rsquo;s financial debt according to Note 39 to the Financial Statements
as of December 31, 2022-, would be comprised of as follows:</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; text-align: left; width: 28%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Verdana, sans-serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;in U$S&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;in millions of $&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Corporate Notes&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Class&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Exchange</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Issue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Payment / Repurchase</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2022</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2022</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Fixed rate par notes - Due 2022&nbsp;</TD>
    <TD STYLE="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: right">&nbsp;98,057,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(52,695,600)</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;(45,361,400)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;24,333</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-family: Arial, sans-serif; text-align: left">&nbsp;Fixed rate par notes - Due 2024&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">2</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,000,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,000,000</TD>
    <TD STYLE="font: 9pt Verdana, 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: right">6,258</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;Fixed rate par notes - Due 2025&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;55,244,538</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">55,244,538</TD>
    <TD STYLE="font: 9pt Verdana, 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: right">&nbsp;11,662</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; text-align: left">&nbsp;Total&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; 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;98,057,000</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">2,548,938</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">30,000,000</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;(45,361,400)</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">85,244,538</TD>
    <TD STYLE="font: 9pt Verdana, 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;24,333</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;17,920</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 9pt Verdana, sans-serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;in U$S&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;in millions of $&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Corporate Notes&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Class&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Exchange</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Issue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Payment / Repurchase</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 03/31/2023</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 12/31/2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Debt structure at 03/31/2023</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;Fixed rate par notes - Due 2024&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">2</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;30,000,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,945,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">-</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">60,945,000</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,258</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,809</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;Fixed rate par notes - Due 2025&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">1</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;55,244,538</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">55,244,538</TD>
    <TD STYLE="font: 9pt Verdana, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,662</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,667</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; text-align: left">&nbsp;Total&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; 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;85,244,538</TD>
    <TD STYLE="border-top: Black 0.5pt solid; 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; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">30,945,000</TD>
    <TD STYLE="border-top: Black 0.5pt solid; 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; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">116,189,538</TD>
    <TD STYLE="font: 9pt Verdana, 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;17,920</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;24,476</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt"><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>Nota</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">Salaries
and social security taxes payable</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-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: 54%">&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: 22%">&nbsp;03.31.23&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: 22%">&nbsp;12.31.22&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">&nbsp;1,030</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">939</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;5,137</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;10,053</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">&nbsp;2,112</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;1,281</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">32</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">35</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;7,281</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;11,369</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>

<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>


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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>26 |</B></FONT><B> Income tax and deferred tax </B></TD></TR></TABLE>

<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-indent: 35.45pt">The breakdown of income tax, determined in accordance with the
provisions of IAS 12 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; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 55%">&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: 21%">03.31.23</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 21%">03.31.22</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">(4,088)</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">(3,307)</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">-</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">(3,258)</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">(4,088)</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">(6,565)</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>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The detail 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
for accounting and tax purposes.</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 deferred tax assets and
liabilities is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt">&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: 54%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 22%">03.31.23</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: 22%">12.31.22</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">Tax loss carry forward</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">25,195</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">20,135</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">1,499</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">1,749</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">2,385</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,080</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Salaries and social security payable and Benefit plans</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,147</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">1,197</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">109</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">53</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">2,633</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,758</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">32,968</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">27,972</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, plant and equipments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(145,952)</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">(139,650)</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">(2,672)</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">(2,137)</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">(237)</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">(242)</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">(23,208)</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">(20,956)</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">(172,069)</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">(162,985)</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">(139,101)</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">(135,013)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 63.8pt"><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">The reconciliation between the income tax
expense recognized in profit or loss and the amount that would result from applying the applicable tax rate to the accounting (loss) profit
before taxes, is as follows:</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 10pt 14.2pt">&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: 55%">&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; background-color: white; width: 21%">03.31.23</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white; width: 2%">&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: 21%">03.31.22</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">(5,874)</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">808</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">35%</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">2,056</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">(283)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Restatement of equity and Gain on exposure to inflation of 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: middle; text-align: right">6,108</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">2,084</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">(12,146)</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">(8,335)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top; text-align: left">Non-taxable income&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">(106)</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">(31)</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">(4,088)</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">(6,565)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 42.55pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>



<!-- Field: Page; Sequence: 32 -->
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    <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 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 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>27 |</B></FONT><B> Tax liabilities</B></TD></TR></TABLE>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 10pt"><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: 62%">&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: 18%">03.31.23</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: 18%">12.31.22</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">957</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">431</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">654</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">691</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">44</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">71</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">331</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">411</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">&nbsp;1,986</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;1,604</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 35.45pt"><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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Verdana,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="color: #0070C0"><B>Nota</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0070C0"><B>28 |</B></FONT><B> Provisions</B></TD></TR></TABLE>

<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 BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="font-style: italic; text-decoration: underline; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left; width: 53%">Included in non-current liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 23%">&nbsp;</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center; width: 22%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Contingencies</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: bottom; border-bottom: Black 0.5pt solid; text-align: right">03.31.23</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">03.31.22</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at beginning of year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">6,760</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">9,440</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Increases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">212</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,132</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Result from exposure to inflation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(1,223)</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(1,358)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at end of the period</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;5,749</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&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;9,214</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="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&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: bottom">&nbsp;</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; text-decoration: underline; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Included in current liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Contingencies</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: bottom; border-bottom: Black 0.5pt solid; text-align: center">03.31.23</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">03.31.22</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at beginning of year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,827</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,272</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Increases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">276</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">550</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Decreases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(95)</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(406)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Result from exposure to inflation for the period</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(331)</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(183)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Balance at end of the period</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;1,677</TD>
    <TD STYLE="color: #31869B; font: 9pt Verdana, sans-serif; vertical-align: middle; text-align: center">&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;1,233</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: 9pt Arial,sans-serif; margin: 0 0 0 21.3pt">&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>Nota</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">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; text-align: justify; text-indent: 36pt">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: 49.6pt"></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">Expense</FONT></TD></TR></TABLE>

<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: 32%">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: 37%">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: 14%">03.31.23</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: 14%">03.31.22</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">(1,363)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,150)</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;(125)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(110)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <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">Interest</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(11)</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">Estudio Cuneo Libarona 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">&nbsp;(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2)</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">(1,500)</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">(1,262)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 21.2pt 0 0; text-align: center; text-indent: 42.55pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></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: 49.6pt"></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: Arial,sans-serif; font-size: 10pt">Key Management personnel&rsquo;s remuneration</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0 0 0 78pt">&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: 54%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; 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: 21%">03.31.23</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: 21%">03.31.22</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">926</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">605</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 10pt 78pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>



<!-- Field: Page; Sequence: 33 -->
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    <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 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 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>
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<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 36pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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: 49.6pt"></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">Receivables and payables</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 0 0 78pt">&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: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 21%">03.31.23</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 21%">12.31.22</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></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">SACME</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;3</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;4</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: 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-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">Trade payables</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">EDELCOS S.A.</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 2pt double; text-align: right">&nbsp;(463)</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;(249)</TD></TR>
  <TR>
    <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; 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 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></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Andina PLC</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(274)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(278)</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; border-bottom: Black 0.5pt solid; 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: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(46)</TD></TR>
  <TR>
    <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;(295)</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;(324)</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 92.15pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0 14.15pt 0 21.3pt; text-align: right">&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>Nota</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: Times New Roman; font-size: 7pt; color: #0070C0">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">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 Ordinary and Extraordinary
Shareholders&rsquo; Meeting held on April 20, 2023 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</B>&rsquo;s Annual Report
and Financial Statements as of December 31, 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: 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 $ 17,468 loss for the year
ended December 31, 2022 (which at the purchasing power of the currency at March 31, 2023 amounts to $ 21,264) 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 conversion of 355,945 Class
C shares into Class B shares in the framework of the termination of the Employee Stock Ownership Program (Note 20).</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">Furthermore, the amendment to Sections Nos.
4, 13, 23 and 33 of the By-laws, which had been approved by the Ordinary and Extraordinary Shareholders&rsquo; Meeting held on November
2, 2022 and by the ENRE by means of Resolution No. 243/2023 dated February 28, 2023, was registered with the IGJ on April 10, 2023.</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>Nota</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">Events after the reporting period</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; background-color: white">The following are
the events that occurred subsequent to Mach 31, 2023:</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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Commencement of the Tariff Structure Review
(RTI) Process as from June 1, 2023 &ndash; ENRE Resolution No. 363/2023, 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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Change of both the seasonal reference prices
and the values of the Company&rsquo;s electricity rate schedules &ndash; SE Resolution No. 323/2023 and ENRE Resolution No. 399/2023,
respectively, 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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Corporate Note Holders&rsquo; Meeting &ndash;
Consent solicitation to provide guarantees, Note 24.</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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Approval of the conversion of 355,945 Class
C shares into Class B shares, Note 20.</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: 38.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New; font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Registration with the IGJ of the amendment
to the By-laws, Note 30.</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>

<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>

<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 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%; padding-right: 3.55pt; padding-left: 3.55pt; text-align: center"><FONT STYLE="font-family: Arial,sans-serif"><B>NEIL BLEASDALE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.55pt; padding-left: 3.55pt">
    <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: 11pt Calibri,sans-serif; margin: 0 0 10pt">&nbsp;</P>



<P STYLE="margin: 0"></P>
<P STYLE="font: 10pt Calibri,sans-serif; margin-top: 0; margin-bottom: 0; text-align: center"><B></B></P>



<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 106.2pt; text-align: right; text-indent: 35.4pt"></P>

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

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

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

<P 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>



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

<TR>

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

<TR>

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

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

<TR>

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

   <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>

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   <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>

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

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<P style="BACKGROUND: white; MARGIN: 0in 0in 0pt"><FONT STYLE="font-family: times new roman; font-size: 10pt; color: black; line-height: normal">Date:
May 11, 2023</FONT></P>

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